- A + A NEW YORK/BENGALURU (May 20): US stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth. Nine of the 11 major S&P sectors advanced in morning trade. Energy was the top performer, up 2.2%, followed by healthcare and technology sectors. Microsoft Corp, Amazon.com and Apple Inc rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq. "Some traders are taking advantage of the price weakness, at least in the short term, to make some money. The real question is whether this will last by the end of the day," Sam Stovall, chief investment strategist at CFRA Research, said. "It is definitely going to be a traders' battle today. The market is trying to orchestrate at least a near-term relief rally, which is normal within bear market trends." Disappointing forecasts … [Read more...] about Wall St rises as growth stocks gain after two days of selloff
Best growth stocks to buy now
RBI Governor meets bank chiefs to discuss credit growth, asset quality
RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) Governor Shaktikanta Das on May 17 and May 18 met heads of state-run and private banks to take a stock of credit growth and asset quality in the banking system in the wake of recent geopolitical developments, the central bank said. “In his introductory remarks, the Governor noted the key role played by the banks in supporting the economy throughout the pandemic,” the central bank said in a release on Wednesday. Das further stated that the banking sector has remained resilient and has continued to improve despite facing various headwinds. He also advised banks to remain watchful of the recent geopolitical developments and take mitigating measures proactively including raising capital for ensuring that the potential impact on their balance sheets is minimised. Governor Das also urged banks to pay specific attention to further improving their grievance redress systems and continue to provide the necessary support … [Read more...] about RBI Governor meets bank chiefs to discuss credit growth, asset quality
Read This Before Investing in Uber and Lyft IPOs
Stock investors who expect to rake in big profits on the soaring shares of Uber Technologies and Lyft when they go public should think again, according to a detailed analysis by industry expert Joseph Vitale. Deloitte’s global automotive practice leader, whose group delivers consulting, risk management, and other services to auto makers, suppliers, dealers, and car rental companies, and also advises governments, is not one of the wave of sell-side analysts waiting to market the two ride-hailing stocks. 4 Reasons to Be Cautious About Uber and Lyft Uber and Lyft are actually worsening the urban congestion problem. Ride hailing will become less convenient for consumers as congestion increases. Ride hailing isn’t as economically traffic-efficient as taxis. Ride sharing has declined among the heaviest users. Unicorns Valued at $120B and $19B The public debuts of America’s two leading ride-hailing rivals are among the most anticipated in 2019, as the volume of IPOs … [Read more...] about Read This Before Investing in Uber and Lyft IPOs
Mondelez International to keep Cadbury chocs and biscuits affordable
- A + A KUALA LUMPUR (May 20): Mondelēz International, manufacturer of Cadbury Dairy Milk chocolate and OREO biscuits, has taken various measures to mitigate the effects of global cost-push inflation to ensure that its products remain affordable and of the same high quality, said managing director for Malaysia and Singapore Narmeen Khan. This is particularly with respect to transportation, packaging, edible oils, and dairy, as well as supply-chain bottlenecks, she told Bernama . Narmeen, who assumed the position in February 2022, said Mondelēz is not excluded from experiencing inflation across markets, including in Malaysia. "Due to the steep increase in costs across the entire value chain, particularly in commodities, logistics, and packaging, product repricing is one of the considerations, but as previously disclosed, we are taking proactive measures in 2022 to reshape our portfolio, with a focus on core products and best-selling items. "Other considerations … [Read more...] about Mondelez International to keep Cadbury chocs and biscuits affordable
Zoom Q1 FY2023 Earnings Report Preview: What to Look For
Key Takeaways Analysts estimate adjusted EPS of $0.87 vs. $1.32 in Q1 FY 2022. The number of customers contributing over $100,000 in 12-month trailing revenue is expected to rise YOY, but at a sharply slower pace than previous quarters. Revenue is expected to grow, but at a decelerating pace. Zoom Video Communications Inc. ( ZM ), which offers a video-first communications platform, saw its popularity soar during the past two years amid the COVID-19 pandemic. Earnings and revenue skyrocketed. But the company's growth has decelerated sharply in recent quarters as employees have begun to return to their offices. In this new environment, Zoom's biggest challenge is how to retain its base of large corporate customers, who are crucial to producing a steady, reliable revenue stream. Investors will be watching closely at how Zoom management plans to address these challenges when the company reports earnings on May 23, 2022 for Q1 FY 2023. The company's 2022 fiscal … [Read more...] about Zoom Q1 FY2023 Earnings Report Preview: What to Look For
Facebook Upside Appears Limited Despite Strong Quarter
Facebook, Inc. ( FB ) stock rallied to a three-month high on Thursday after the company beat third quarter profit and revenue estimates. However, it was a mixed session because the social media giant gapped up and posted the day's high a few minutes after the opening bell before pulling back throughout the day and closing near the intraday low. The reversal highlighted hidden selling pressure while warning new investors that gains may be limited in coming weeks. Technical and political headwinds are likely to drive price action well into 2020, with massive overhead supply around $200 still in place after July 2018's 41-point sell gap and down day. The stock posted the highest selling volume in the past six years in that session, with shareholders hitting the sidelines after the company warned that privacy issues following the Cambridge Analytica scandal were taking a toll on user interaction. That loss of trust has spiraled into a series of international accusations and … [Read more...] about Facebook Upside Appears Limited Despite Strong Quarter
The Evolution Of Advertising In Web 3.0: Navigating The Changes In The Metaverse
Share to Twitter Share to Linkedin By Candice Georgiadis, social media influencer and founder of Digital Day Inc , a social media and marketing agency in California. Advertising has continued to evolve through the past few decades. With changes in technology, the mediums of advertising have changed from conventional forms to largely digital avenues. As advertisers search for ways to improve ad visibility and increase conversion, consumers are also looking for ways to shift away from conventional systems. Customers are demanding ownership of data and dictating a shift toward transparent information usage. Web 3.0 and the Metaverse have emerged as a solution to the long-standing customer demand. Exploring The Web 3.0 Revolution In simple terms, Web 3.0 represents a shift to individual sovereignty on the internet. The shift has been largely driven by the growth of decentralized blockchain technology. The key reason behind the growth of … [Read more...] about The Evolution Of Advertising In Web 3.0: Navigating The Changes In The Metaverse
Unlocking The Power Of Data: Making Better Business Decisions
Share to Twitter Share to Linkedin The key to better decision making is data. Effective leaders rely on data to make informed decisions and drive meaningful outcomes for their organizations. However, the process of unlocking data-driven insights is no small feat. Data doesn’t belong to individual departments—it’s an asset that benefits the entire organization. Advanced analytics requires the ability to access, manage, and combine data that’s stored in silos across the organization. As a result, multiple data formats and governance controls limit the accessibility and shareability of valuable information. Making better decisions means unifying data in a secure and well-governed way. Business leaders need to break down data silos, making all data securely available for analysis, regardless of where it lives in the organization. To make the most of data, organizations also need tools that empower individuals across the organization to interpret and … [Read more...] about Unlocking The Power Of Data: Making Better Business Decisions
Global firms remain upbeat about Indonesia’s digital economy
Sebastian Partogi (The Jakarta Post) Jakarta ● Thu, December 3, 2020 2020-12-03 17:41 533 d66dcbf21949a93b498053ceec3c4812 1 Science & Tech Tokopedia,Indonesian-economy,foreign-direct-investment,e-commerce Free You might have heard the bad news already: Indonesia’s economy has just entered its first recession since the 1998 Asian financial crisis, bringing two decades of economic expansion to an end as the coronavirus pandemic has caused a sharp economic slowdown, throwing millions into poverty and out of jobs. Economically speaking, a recession is defined as contractions in two consecutive quarters, causing a significant decline in economic activity to spread across the economy, resulting in fewer jobs, people earning and spending less, as well as businesses grinding their expansions to a halt or even ceasing their operations altogether. As a result of the pandemic, the Indonesian economy shrank 3.49 percent in the third quarter after contracting … [Read more...] about Global firms remain upbeat about Indonesia’s digital economy
Three HR Tech Trends To Follow In The Near Future
Share to Twitter Share to Linkedin Founder of TalentService.com , and the advisor of Stanford's R&D project "Future Talents." Currently, 58% of companies use HR technology to find, attract and retain top talent. Human resources tech was already well on its way toward new developments pre-pandemic, but Covid-19 accelerated the entire sector dramatically. The most recent projections say the HR software market is expected to exceed $10 billion this year, a 10.4% CAGR for the sector as a whole. However, it's worth noting that this growth will bring a major shift in trends. Companies will be looking for newer, better ways to implement this technology. The State Of HR Today Before we look at predictions for the future of HR tech, let's discuss the state of the market as it currently is. A recent survey found that 44% of HR departments currently use cloud technology for increased productivity and efficiency, and 35% rely on it … [Read more...] about Three HR Tech Trends To Follow In The Near Future