Jay Z just doesn't stop with putting his foot print everywhere and making sure his name is known. He now joins LVMH, the world's biggest luxury goods company.
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Stocks barely budged on Wall Street, ending Friday mixed. The Great Rotation advanced as investors bet on an economic recovery. They sold tech shares that have rallied throughout the health crisis like Facebook and Netflix and bought Deere, Caterpillar and other economically sensitive cyclical stocks.
Mercadien Asset Management president Ken Kamen says investors should take some profit on tech stocks and invest more in value and cyclical stocks. It s not that we ve we are abandoning growth or suggesting people shouldn t but I think it s time to pare that. I mean the markets just doing so well and a lot of these growth stocks are priced for more than perfection.
Luxury cars repossessed from high roller over unpaid debts
20 Feb, 2021 04:00 PM
5 minutes to read
Gerard Peters has had several cars repossessed by creditors. Photo / Supplied
An Auckland businessman who gained notoriety after his $400,000 Lamborghini was towed because he misused a disabled parking spot has had the luxury car repossessed and sold over unpaid debts. Gerard Peters, 30, hit headlines in 2015 after his $400,000 Lamborghini was photographed in a disabled parking spot at West Auckland shopping complex LynnMall.
While Peters was able to pay that $400 parking fine and reclaim his vehicle, more recent - and substantial - debts have seen that Lamborghini and five other luxury cars he owned seized and sold to satisfy short-changed creditors.