Peyton Forte

May 3, 2024 | bloomberg.com | Peyton Forte

The Kentucky Derby is a timeless American affair: A 150-year-old horse race at historic Churchill Downs, with traditions and pageantry that haven’t changed much in a century and a half. But for Churchill Downs Inc., the Louisville, Kentucky-based company that owns the annual Run for the Roses and the race track that hosts it, transformational change is the only path to survival in a world inundated by gambling — but increasingly uninterested in horse racing.

Mar 3, 2023 | bloomberg.com | Peyton Forte

Investors are yanking cash from ESG-focused exchange-traded funds, causing some firms to pull back from the once-booming niche. US Stock ETFs with a mandate to invest in companies that have good environmental, social and governance records saw outflows of $1.2 billion during the first two months of the year, according to Bloomberg Intelligence data. That wipes out a big chunk of the $2.8 billion inflow from last year and is a stark departure from 2021, when they pulled in a record $36 billion.

Feb 26, 2023 | bloomberg.com | Richard Henderson |Peyton Forte

Equities in Asia fell Monday after heavy selling on Wall Street late last week as investors ratcheted up forecasts for US interest rates following hot inflation data. Shares in Australia and Japan edged lower while futures contracts for Hong Kong shares also dropped. US equity futures were flat after the S&P 500 and Nasdaq 100 declined more than 1% Friday, dragging the two US indexes each to their worst week since December.

Feb 16, 2023 | bloomberg.com | Rob Verdonck |Tassia Sipahutar |Peyton Forte

Stocks in Asia dropped alongside US equity futures after comments by two Federal Reserve officials that they were considering 50 basis-point interest rate hikes to battle persistently high inflation. Shares opened lower in Japan, South Korea and Australia on Friday, while Hang Seng futures pointed to tiny gains. Contracts for both the S&P 500 and Nasdaq 100 were down after the underlying indexes sank more than 1% on Thursday.

Feb 12, 2023 | bloomberg.com | Richard Henderson |Peyton Forte

Equity futures in Asia indicated declines for share markets across the region Monday after the worst week for stocks and bonds this year as traders increased interest rate expectations ahead of crucial US inflation data due Tuesday. Contracts for equity benchmarks in Japan and Hong Kong fell while those for Australia were flat. The S&P 500 ended the week 1.1% lower, while the tech-heavy Nasdaq 100 fell 2.1%, the worst weekly performance this year for the two indexes.