Masters in Business The Stock Movers Podcast from Bloomberg
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Apr 1, 2025 The podcast dives into Newsmax's astonishing 179% stock surge post-IPO, spotlighting its $30 billion valuation amid market volatility. It also tackles the entertainment industry's ticket scalping issues, featuring high-profile examples like Taylor Swift's concert. Additionally, there's an engaging talk about Bon Iver's upcoming album and a review of PVH's strong earnings, infused with pop culture references that add a humorous twist to the financial discussion.
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Newsmax's Soaring Stock Price
- Newsmax shares surged 179% after its IPO, reaching a $30 billion market cap.
- This is significantly higher than companies like Warner Brothers Discovery and Paramount Global.
Trump's Executive Order on Ticket Scalping
- President Trump signed an executive order targeting ticket scalping and hidden fees in the entertainment industry.
- This action followed issues with surging ticket prices, particularly with high-demand concerts like Taylor Swift's.
PVH's Unexpected Stock Gain
- PVH, owner of Calvin Klein and Tommy Hilfiger, saw its stock jump 18% after predicting flat or slightly positive sales growth.
- This exceeded Wall Street's expectations of a half-point decline, stabilizing the business.