Stocks to Watch: Victoria's Secret, Renault, U.S. Steel, Sarepta

🔎 Victoria's Secret & Co. (VSCO): An activist investor has built a stake in the lingerie retailer, with plans to push the company to refresh its board and refocus on its core bra business.
↘️ Renault (FR:RNO): The French car maker's chief executive plans to step down in mid-July; he is set to become the new boss of Kering (FR:KER), according to a media report. Renault's stock fell 7%, while shares of Gucci-owner Kering jumped 9% in Paris.
↘️ Roche (CH:RO): The pharmaceutical company paused the use of Elevidys, a treatment for Duchenne muscular dystrophy, after two fatal liver failures. Roche's stock fell in Switzerland; shares of Sarepta Therapeutics (SRPT), Roche's partner for the gene therapy, tumbled 29% in premarket trading.

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35 minutes ago

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Women are getting wealthier — and they don't invest the same way as men

Women's share of retail financial assets in the US and EU is set to reach between 40% to 45% by 2030. Factors like declining marriage rates and higher earnings have played a role in the trend. Commentators say women invest more cautiously than men, focusing on goals and values. Women are becoming richer, and they're changing the face of wealth. According to a report by McKinsey published last month, women control about a third of all retail financial assets in the US and the European Union. By 2030, that proportion is expected to rise to between 40% to 45%, wrote Cristina Catania, global co-convener and European lead for the risk and resilience practice, and Jill Zucker, senior partner and co-leader of McKinsey's global growth transformation service line. The report is based on a survey of about 13,000 American and European investors, nearly half of whom were female financial decision makers. It found that between 2018 and 2023, global wealth rose by 43%, but jumped by 51% for women. Women's expanding control of assets is being driven by a combination of factors, including a continuing decline in marriage rates, the ongoing boost in women's average earnings, demographic trends like longer life expectancies, and a broad shift in attitudes about women managing their own finances. As women become wealthier through investing, it's becoming clearer that they don't approach it the same way as men. "Women are much more risk-aware," Anna-Sophie Hartvigsen, cofounder of financial education and investment platform Female Invest, told Business Insider. "I would like to call it much more realistic in their own ability to invest." She said women are less likely than men to invest emotionally. "On average, men trade a lot more often than women because they believe they can beat the market or they read something in the news, and they get pumped up or afraid, and then they invest based on that," Hartvigsen said. Female investors, in her view, tend to be more calm, more realistic, and better at assessing risk. However, Katie Geery, an advisor at Rise Private Wealth Management, says being more cautious can also hold women back by leading them to miss out on opportunities to build wealth. "It is important to work with a trusted financial advisor who understands your risk tolerance and can walk you through making well-educated investment decisions based on your long-term goals," she told BI. The aims of investing also sometimes differ between men and women. "Women prefer to invest toward achieving specific goals rather than chasing the highest returns," said Avanti Shetye, financial planner at Wealthwyzr. Geery said female investors tend to be more focused on philanthropy and gifting. They often consider their values when buying stock and want their purchases to help make a better impact on the world. "Women often seek financial advisors who are empathetic and take the time to get to know them on a more personal level to gain a deeper understanding of their goals and values," she said. On Female Invest, Hartvigsen said the principles its members care about the most include climate, especially a firm's carbon footprint, and diversity in leadership, in terms of a board having a good gender balance. For Shetye, it's important to start investing early. "Women tend to be primary caregivers for children or aging parents and often take unpaid time off," she said. "Not only that, women statistically live longer than men, which implies that women would need to invest as much as they can as early as possible so that their portfolios last them through retirement." Hartvigsen said long-term financial planning is vital: "When you do that, it doesn't matter what happens today." Both agree that this plan should be grounded in expert advice. "Working with a financial planner whose planning process is rooted in financial education can help provide comfort and security to stay consistent even in the roughest of markets," Shetye said. But she also believes that practice is more important than perfection. "You are never going to know everything there is to know about investing," Shetye said. "The key is consistency, and time will do the heavy lifting." Hartvigsen advises her clients to invest monthly on the same day and to diversify their investments. "If you do that, historically, it has been near impossible not to make money in the long run." Read the original article on Business Insider 登入存取你的投資組合

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44 minutes ago

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Canada is facing a housing crisis. Could it take a page from Europe?

Slavica Salihbegovic's family was growing. So she did what anyone living in Vienna would do: She asked the city for a bigger apartment. "At that time, I was pregnant with my first kid," she said. "I lived in a two-room apartment … it was an OK building, but it was small for us." Salihbegovic went to an online portal, entered her income and requirements, and was ranked alongside thousands of other residents. Soon, she was assigned a new apartment: a three-bedroom unit in a brand-new building, adjacent to Vienna's Central Station. It's hers for life — she can even pass it down to her children, if she wants. "I love it. It's in the middle of Vienna," she said. "A lot of young families moved in at the same time…. There's a big campus here, with a kindergarten and primary school. There's dancing classes, and a boulder bar, and a huge park." Salihbegovic wasn't desperate to find housing. She and her partner earned middle-class incomes. But in recent years, Vienna has become renowned among housing experts for its model of social housing, which provides heavily subsidized rental units to more than half of the city's two million residents. And the rent from those units helps power €400 million ($626 million) in new construction annually, amounting to more than 12,000 units built or refurbished every year, according to the city. While Europe struggles with similar trends to Canada of rising rents and skyrocketing home prices, experts say social housing models like Austria's are among the best defence against a growing affordability crisis — and are begging governments to continue investing aggressively in such programs. Could something similar ever come to Canada? It may seem far-fetched, but housing experts across Europe say it's made possible thanks to a few relatively simple interventions. Living around the corner from Salihbegovic is Amila Sirbegovic, an architect and housing project leader for the City of Vienna. She used to own an apartment, but opted to sell and move back into social housing, where she says her unit is more modern and spacious. Sirbegovic's story is another example of what makes European social housing different: generous eligibility criteria. Roughly three-quarters of Austrians fall under the income threshold, meaning many middle-class families can get geared-to-income housing, too — with rents capped at a reasonable 25 per cent of income. "It's the most normal thing in Vienna," said Salihbegovic. The diverse mix of tenants means there is little stigma attached to subsidized housing; it also keeps neighbourhoods diverse and ensures urban housing is available for vital workers like nurses, sanitation workers and bus drivers. "You have people from different groups and different backgrounds living in the same neighbourhood," said Gerald Kössl, a policy expert with Austria's Federation of Limited-Profit Housing Associations. "It's not seen as … a temporary housing solution." Kössl's organization represents the groups providing all this low-cost housing — non-profit or "limited profit" companies that are required by Austrian law to reinvest all but 3.5 per cent of their profits. The result is a "virtuous cycle" of community investment, said Samara Jones, an expert with Housing First Europe. Money that would otherwise go to shareholders is poured back into creating high-quality and affordable homes and neighbourhoods — which, in turn, has a "price-dampening effect" on the wider market, said Kössl. Austria is not alone in using this model. Across Europe, governments manage a portion of their subsidized housing stock through large, privately managed non-profits. LISTEN | How much are investors to blame for the housing crisis? In the Netherlands, there are fewer than 300 non-profits across the whole country — but this consolidation doesn't lead to the problems you might find with the large, profit-oriented real estate investment trusts common in Canada. On average, it's better than renting on the private market, said Zeno Winkels, director of the Dutch Tenants Union, which negotiates with the government to set rent limits across the country. By comparison, most private landlords are "amateurs," he said. "That doesn't necessarily have to be negative. There are lots of people who make great cakes, but, in general, when you want a cake, you go to a bakery." Of course, these non-profits can't run on rents alone — they wouldn't remain affordable for long. The affordable housing building boom in places like Finland, the Netherlands and Austria has always been powered by substantial government investment. And across Europe, governments have devised clever ways to cut costs. One of the biggest has been for cities like Vienna and Amsterdam to aggressively acquire land when it comes up for sale, through "right-to-buy" policies that give them first dibs. Owning the land allows municipalities to mandate that housing in key areas be kept affordable for a century or more, as opposed to the 20 to 30 years often typical in Canada. Land remains expensive for municipalities to buy. But in some places, like the Netherlands, governments have given themselves the right to deduct the cost of adding additional services, like roads and water, from their purchase price, shaving tens of millions off the cost of land being rezoned for housing. Government buying is also matched with substantial, long-term, low-interest loans to the non-profits building and managing the stock of affordable housing. Those investments help keep them accountable — and stable enough to keep investing in more buildings, said Natalia Martinez, an expert with Fundacio Habitat 3, an affordable housing provider in Spain. It's an idea Canada appears to be entertaining; Housing, Infrastructure and Communities Canada launched a call for proposals on a "rental protection fund" just last month, aimed at helping non-profits and other partners acquire and maintain affordable rental units. "Not a lot of communities have the revenue source to impact housing supply from their own pocketbook," said Adrian Dingle, director of housing development for Raising the Roof Canada, an anti-homelessness non-profit. Broadening the definition of affordable housing in this way — and backing it with low-interest loans — could have a major impact in Canada, experts say. "I do believe we're in a hopeful time when it comes to federal housing policy," said Dingle. But when it comes to quickly increasing affordability, those same experts are near-unanimous in saying that more interventionist measures may be necessary — such as rent control, property windfall taxes and steep fees for second properties. They might be controversial to some, but they can be the Netherlands, the Affordable Rents Act established a mandatory formula for calculating rent, which placed caps on certain tiers of housing, reducing average costs by 50 per cent or more. Overnight, real estate speculation slowed and house prices dropped. Like Austria, the Netherlands has also been successful in mandating high percentages of any new development be allocated to affordable housing — "at least 30 per cent," said Theo Stauttener, a partner with the developer consultancy Stad Kwadraat. That's applied not only in cities, but in suburbs, where single-family homes make up a large percentage of social housing. Experts are skeptical that Canadian governments would make similar moves. Figures show Canada is well behind — just 3.5 per cent of Canadian housing is social housing, compared to an average eight per cent across Europe, and closer to 30 per cent in places like Austria and the Netherlands. "I'm not sure the long-term planning is there, or the political will," said Sheldon Pollett, executive director of Raising the Roof Canada. But waiting for someone else to solve the problem hasn't worked anywhere. "We've been waiting for the private sector to come and fill this gap for a long time — and it hasn't," said Jones. "Certainly, one lesson for Canada is this: Don't wait." For the lucky Viennese, like Sirbegovic, who can find an affordable apartment with ease, the first step is a change in mindset. "You really need to believe in social housing," she said. Martinez puts it another way. "How willing are we to consider housing a right that's up there with health care or education or our pension plans?" she asked. "Once we do that, we see the government as responsible for creating those conditions."

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an hour ago

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Newsroom Ready: Carney arrives in Brussels for EU-Canada summit

Prime Minister Mark Carney touched down in Europe for back-to-back summits, where he's expected to unveil key commitments on Canada's security and defence. (June 22, 2025)