Many Exporters No Longer Want Dollars, US Bank Executive Says

When Paula Comings, the head of currency sales for US Bancorp, talks to US importers, she increasingly hears the same message: Their foreign counterparties no longer want to be paid in dollars.
Instead, they ask for settlement in euros, Chinese renminbi, the Mexican peso and the Canadian dollar, looking to limit their exposure to further swings in the greenback.

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Buss Family to See Astonishing Profit After Record-Setting Sale of Lakers

The Los Angeles Lakers set yet another record on Wednesday, June 18, in what's become a lengthy line of making a variety of notable sports history, with the Buss family somewhat stunningly selling the storied franchise that the late Dr. Jerry Buss originally purchased for $67.5 million in 1979. Now, 46 years later after what proved to be a franchise-altering moment that saw the Lakers go on numerous NBA Championship runs, hoisting the Larry O'Brien trophy a whopping 11 times under Buss ownership, the legendary family is about to see a patently ridiculous profit after selling the team to Mark Walter, the current owner of the Los Angeles Dodgers. Advertisement With ESPN's Shams Charania dropping the news bomb late Wednesday afternoon, the Buss family sold its 66 percent majority stake in the Lakers for "a valuation of approximately $10 billion," Just as Charania did in his followup post on X, it certainly feels like a number worth repeating: Ten. Billion. And as Sportsnaut quite specifically noted, this record-setting Lakers sale "represents a staggering return on investment for the [Buss] family at 14,714.81%." Considering the Buss family will also maintain a minority share of the team at "just over 15% for a period of time," in addition to Jeanie Buss reportedly staying on as Lakers' governor—a role she's held since ownership was kept in the family following Jerry's passing in 2013—that is one hell of a win and a payday all while the 63-year-old will still hold a significant influence on the direction of the franchise. Advertisement If that $10 billion valuation number hasn't resonated just yet, keep in mind that the Boston Celtics, an equally iconic and deeply treasured NBA franchise, sold earlier this year for "only" $6.1 billion. It's also worth noting that Walter, the new majority owner of the Lakers, had already purchased a 26 percent stake of the team back in 2021 and held first right of refusal if the Buss family were to ever sell its majority stake in the franchise. On Wednesday afternoon, the man who's proven to be a fearless owner when it comes to spending and securing top MLB free-agents ever since taking a majority stake in the Dodgers in 2012, finished off the deal with the Lakers that began four years ago. It would be sincerely shocking if Walter and his ownership group didn't set out to do with the Lakers exactly what they've aggressively done with the Dodgers, which should serve as exceptionally great news for fans of the purple and gold. Advertisement Related: Jordan Spieth Chose an Extremely Relatable Outing After U.S. Open Struggles Buss Family to See Astonishing Profit After Record-Setting Sale of Lakers first appeared on Men's Journal on Jun 19, 2025

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11 minutes ago

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Asian Stocks Priced Below Estimated Value For June 2025

As global markets navigate a complex landscape marked by geopolitical tensions and economic uncertainties, Asian stock markets are drawing attention for their potential investment opportunities. In this context, identifying undervalued stocks becomes crucial as investors seek companies that may offer value relative to their intrinsic worth amid shifting economic conditions. Name Current Price Fair Value (Est) Discount (Est) Tsinghua Tongfang (SHSE:600100) CN¥6.88 CN¥13.42 48.7% Shenzhen Envicool Technology (SZSE:002837) CN¥28.57 CN¥56.13 49.1% Range Intelligent Computing Technology Group (SZSE:300442) CN¥43.97 CN¥85.89 48.8% Nanya New Material TechnologyLtd (SHSE:688519) CN¥38.76 CN¥77.06 49.7% Livero (TSE:9245) ¥1705.00 ¥3369.49 49.4% ISU Petasys (KOSE:A007660) ₩46450.00 ₩92542.11 49.8% Guangdong Zhongsheng Pharmaceutical (SZSE:002317) CN¥15.89 CN¥31.12 48.9% GEM (SZSE:002340) CN¥6.09 CN¥11.90 48.8% Ficont Industry (Beijing) (SHSE:605305) CN¥26.53 CN¥52.34 49.3% cottaLTD (TSE:3359) ¥443.00 ¥865.44 48.8% Click here to see the full list of 281 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. Overview: Duk San Neolux Co., Ltd specializes in developing and manufacturing OLED materials for the display industry in South Korea, with a market cap of ₩921.11 billion. Operations: The company generates revenue from its semiconductor segment, amounting to ₩197.71 billion. Estimated Discount To Fair Value: 39.2% Duk San Neolux Ltd. is currently trading at ₩37,500, significantly below its estimated fair value of ₩61,718.82. Despite a highly volatile share price in recent months, the company presents strong growth prospects with earnings expected to grow 26.7% annually over the next three years—outpacing both market and revenue growth rates in Korea. However, its forecasted return on equity remains relatively low at 16.4% in three years' time. The growth report we've compiled suggests that Duk San NeoluxLtd's future prospects could be on the up. Delve into the full analysis health report here for a deeper understanding of Duk San NeoluxLtd. Overview: Beijing Fourth Paradigm Technology Co., Ltd. is an investment holding company offering platform-centric artificial intelligence solutions in China, with a market capitalization of HK$23.90 billion. Operations: The company's revenue segments include CN¥3.68 billion from the Sage AI Platform, CN¥562.50 million from Sagegpt AIGS Services, and CN¥1.02 billion from Shift Intelligent Solutions. Estimated Discount To Fair Value: 37.5% Beijing Fourth Paradigm Technology is trading at HK$48.45, significantly below its estimated fair value of HK$77.55, suggesting undervaluation based on cash flows. The company is expected to become profitable in three years with earnings projected to grow 96.28% annually, outpacing the Hong Kong market's revenue growth rate of 8.1%. Recent governance changes aim to enhance board effectiveness and corporate governance practices, potentially supporting long-term performance improvements despite current low return on equity forecasts of 7.4%. Our growth report here indicates Beijing Fourth Paradigm Technology may be poised for an improving outlook. Take a closer look at Beijing Fourth Paradigm Technology's balance sheet health here in our report. Overview: GA technologies Co., Ltd. operates a real estate brokerage platform and has a market cap of ¥67.22 billion. Operations: Revenue segments for GA technologies Co., Ltd. include real estate brokerage, which is a key component of their operations. Estimated Discount To Fair Value: 29.4% GA technologies is trading at ¥1,639, below its fair value estimate of ¥2,321.73, highlighting its undervaluation based on cash flows. The company's earnings are forecast to grow 54.8% annually over the next three years, significantly outpacing the Japanese market's growth rate of 7.3%. Recent strategic investments in AI and technology have improved operational efficiency and profitability projections for 2025 despite a volatile share price in recent months. The analysis detailed in our GA technologies growth report hints at robust future financial performance. Unlock comprehensive insights into our analysis of GA technologies stock in this financial health report. Gain an insight into the universe of 281 Undervalued Asian Stocks Based On Cash Flows by clicking here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSDAQ:A213420 SEHK:6682 and TSE:3491. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

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15 minutes ago

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MLB rumors: Cubs among 5 other teams Red Sox talked Rafael Devers trade with before Giants deal

The post MLB rumors: Cubs among 5 other teams Red Sox talked Rafael Devers trade with before Giants deal appeared first on ClutchPoints. The Boston Red Sox shocked the MLB world last week when they sent Rafael Devers to the San Francisco Giants in a blockbuster trade that materialized from seemingly out of nowhere. While the front office did a good job of keeping their trade negotiations under wraps, it sounds like the Giants weren't the only team they were negotiating with, as the Chicago Cubs were among several other teams in the running for Devers. Advertisement Tensions between Devers and the Red Sox had been boiling all season long, due in large part to his unhappiness with the team continually looking to change his position. Boston finally decided to cut bait with their superstar slugger, but not after discussing a deal with a couple other teams. San Francisco landed him, but the Cubs, Seattle Mariners, San Diego Padres, Toronto Blue Jays, and Atlanta Braves were also involved in discussions for Devers. 'The Red Sox say that they had conversations with the Mariners, Cubs, Padres, Blue Jays and Atlanta about Devers before dealing him to San Francisco,' Bob Nightengale of USA Today reported. How Giants landed Rafael Devers from Red Sox over Cubs, other teams D. Ross Cameron-Imagn Images The Red Sox could have prioritized bringing in top-tier prospects in exchange for Devers, but they had a different goal when it came to this deal. They wanted to get out of the remainder of Devers' 10-year, $313.5 million contract extension he signed back in 2023, and according to Giants owner Greg Johnson, his team's willingness to take on that deal is the main reason why the trade went down. Advertisement 'If the Giants had not agreed to assume the $254.5 million remaining in Devers' contract, Giants owner Greg Johnson says there would have been no trade,' Nightengale reported. Even then, Boston still got a decent return for Devers, as Kyle Harrison and James Tibbs III both have a lot of upside in the eyes of several talent evaluators. In the end, though, money talks, and that was how the Giants managed to outbid the rest of their competition and bring Devers to town as they look to make a World Series push in 2025. Related: MLB rumors: Yankees, Giants monitoring Pirates for trade Related: Dodgers, Padres get suspensions after scuffle