Markets

Economist Lang Xianping criticized Meng Yutong’s departure from Gree Electric, viewing it as a wasted opportunity. He argued Meng’s success was due to her association with Dong Mingzhu and that leaving her mentor was short-sighted. Lang believes Meng undervalued Dong’s influence and the potential benefits, like introductions or advantageous alliances, it provided. A subsequent livestream featuring both women, however, hinted at a reconciliation, boosting Gree’s viewership and sales.

Logan Ridge Finance Corporation (LRFC) announced the rescheduling of its special stockholder meeting regarding the proposed merger with Portman Ridge Finance Corporation (PTMN) to June 20, 2025. Early votes indicate strong support for the merger. Proxy advisors ISS and Glass Lewis recommend that LRFC shareholders vote “FOR” the deal. Shareholders can find instructions on how to vote in the amended joint proxy statement.

China’s national football team was eliminated from contention for the 2026 FIFA World Cup after a 1-0 away loss to Indonesia. This defeat, part of a disappointing qualifying campaign marked by multiple losses and a slide into FIFA ranking’s lowest position in nine years, has ended China’s World Cup aspirations. The loss, their first to Indonesia in a competitive match in 68 years, has sparked widespread criticism and fan outrage.

Patriot National Bancorp (PNBK) completed a registered direct offering, raising $10.65 million through the issuance of common stock. This follows a previous $50 million private placement, bolstering investor confidence in Patriot Bank’s growth. The offering strengthens the bank’s capital base, enabling it to execute its strategic vision. Performance Trust Capital Partners, LLC, Blank Rome LLP, and Robinson & Cole LLP advised on the offering.

ACRES Commercial Realty Corp. announced cash dividends for its preferred stock, signaling confidence in the market. Series C shareholders will receive $0.6379156 per share, with a variable rate tied to Term SOFR, while Series D shareholders will receive $0.4921875 per share. Both dividends are payable July 30, 2025, to shareholders of record as of July 1, 2025. ACRES focuses on commercial real estate lending and investment.

MEDIROM Healthcare Technologies Inc. (MRM) has regained compliance with Nasdaq’s minimum bid price requirement. After receiving a notice of non-compliance on February 27, 2025, MEDIROM’s ADSs closed above $1.00 for ten consecutive business days, satisfying the exchange’s mandate. This positive development, announced June 5, 2025, signifies the company’s commitment to regulations and follows a period of uncertainty. MEDIROM operates over 300 wellness salons in Japan and offers health-tech solutions.

Fashion reflects ideology: haute couture mirrors class, while the t-shirt embodies democracy. The “Made in USA” movement struggles against globalization and cost considerations. While American Trench aims to create authentic, accessible American-made apparel, its success lies in affordable socks, not expensive blazers. The core of American fashion, however, may be fusion, the eclectic mix of styles and openness, which is now at risk in homogenized market.

China’s national football team suffered a crushing 1-0 defeat to Indonesia in a 2026 FIFA World Cup qualifier, eliminating them from contention. The loss, compounded by injuries and suspensions, marks a historic low – their first competitive loss to Indonesia in nearly 40 years. With a poor qualifying record and negative goal difference, China’s World Cup hopes are dashed, highlighting the need for significant strategic changes.

Premium Catering reported S$2.23 million in revenue and a net loss of S$1.40 million for the six months ending December 31, 2024. This contrasts with revenues of S$2.83 million and a loss of S$455,890 for the same period in 2023.

China’s national football team faces a critical World Cup qualifier against Indonesia. Trailing 1-0 at halftime due to a penalty and no shots on target, China must win to stay in the competition. A loss would eliminate them. They also need to defeat Bahrain to reach the playoffs. The match is available for free live broadcast.