Bloomberg Businessweek
Sleepy Wall Street Session, True Classic CEO Ben Yahalom
Dec 26, 2024
Jennifer Grygiel, an associate professor at Syracuse University, dives into the future of social media under Donald Trump, emphasizing its potential impact on political discourse. Ben Yahalom, CEO of True Classic, shares insights on his menswear brand's remarkable growth to $500 million in just four and a half years, detailing strategies like competitive pricing and community engagement. They also discuss the brand's philanthropic efforts, highlighting their commitment to helping homeless veterans and schools, blending business success with social responsibility.
33:53
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Investor sentiment is becoming selective, favoring small-cap stocks over mega-cap names as opportunities emerge amid market fluctuations.
- The technology sector, particularly in quantum computing, is attracting significant interest despite questionable financial performances of emerging companies like D-Wave Quantum.
Deep dives
Market Movements and Sector Performance
The financial markets experienced mixed performance, with notable changes in the major indices. While the Dow Jones remained positive, the Nasdaq and S&P 500 saw declines, partially influenced by a drop in the 10-year yield. However, the Russell 2000 index showed resilience, gaining nearly 1%, highlighting that not all segments were affected similarly. This divergence suggests that investor sentiment is selective, focusing on sectors like small caps which are perceived to have more opportunities despite overall market fluctuations.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
