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A super slide for stocks, bonds, and cryptocurrencies rolled all the way into last week, right up until Friday, when the Nasdaq posted its strongest one-day gain since November of 2020. Despite Friday's gains, the major averages posted losses for the week, with the Dow closing down more than 2% and posting its first seven-week losing streak since 2001. The S&P 500 fell 2.5% and hit its longest weekly losing streak since 2011, while the Nasdaq fell 2.8%. It's been a rough, rough year across capital markets. A full $35 trillion in global market value has been erased since the beginning of the year. That's 14% of all global wealth, including a trillion dollars of losses in cryptocurrencies. To put those losses in perspective, 2008 saw a 19% decline in global market value, and that doesn't include non-financial assets such as housing. Still, perspective is everything, especially for investors who have been invested in the U.S. stock market for at least five years. Believe it or not, … [Read more...] about Keeping it Real with Real Vision’s Raoul Pal

- A + A MANILA (May 19): The Philippine central bank raised interest rates for the first time since 2018 on Thursday, joining peers around world in a rush to stem intensifying inflationary pressures that could derail the domestic economy's recovery. The central bank also said the strong rebound in domestic economic activity and labour market conditions during the first quarter "provides scope for (the central bank) to continue rolling back its pandemic-induced interventions", signalling further tightening could be expected. The Bangko Sentral ng Pilipinas (BSP) lifted the overnight reverse repurchase facility rate by 25 basis points to 2.25%, as expected by the majority of 17 economists in a May 12-16 Reuters poll. The rates on the overnight deposit and lending facilities were likewise raised by 25 bps to 1.75% and 2.75%, respectively. The BSP slashed interest rates by a cumulative 200 basis points in 2020 to help revive an economy that had plunged into recession … [Read more...] about Philippines kicks off tightening cycle with first rate hike since 2018

- A + A KUALA LUMPUR (May 19): Poultry farmer TPC Plus Bhd's external auditor Crowe Malaysia PLT has expressed an unmodified audit opinion with material uncertainty regarding its ability to continue as a going concern on the group's audited financial statements for the financial year ended Dec 31, 2021 (FY21). In a bourse filing on Thursday (May 19), Crowe Malaysia drew attention to the group's net loss of RM28.45 million for FY21. It also noted that the group's current liabilities exceeded its current assets by RM29.06 million at end-December 2021. "These conditions indicate the existence of a material uncertainty which may cast significant doubt about the group's ability to continue as a going concern," it added. In response, TPC Plus' management believes that with the existing credit facilities granted by the financial institutions, the recovery of egg selling prices as well as the subsidies of eggs to be received from the government, the group will be able to … [Read more...] about TPC Plus’ auditor flags material uncertainty over ability to continue as going concern

When you sign up for an ad-supported streaming service, the trade-off may seem straightforward: In exchange for watching commercials, you’ll pay lower prices (or perhaps nothing at all) . advertisement advertisement But by sitting through commercial breaks, you’re giving up more than just a few minutes of your time per hour. Smart TVs and streaming devices represent a treasure trove of data for marketers, who can learn a lot about you based on what you watch. By associating your streaming TV accounts with broader marketing profiles, advertisers can see if they’ve influenced your behavior on other devices and could potentially use that activity to further influence the ads on your TV. Ad tech experts say the data they get from streaming TV users is supercharging what’s already a booming business. The Interactive Advertising Bureau expects streaming TV ad spending to hit $21.2 billion this year, up from from $15.2 billion in 2021, AdWeek reports , … [Read more...] about How ad-supported streaming will be used to track you

So, you have a job interview at a company you really like. It’s your dream job. Your interviews are scheduled, and you ready to start to preparing. But how? advertisement advertisement Most candidates research the company, the interviewer, and the job, then jot down notes on what they’ll say and write out questions to ask. But how many job seekers actually write out a script for themselves? Not many! They may fear sounding wooden or robotic in the interview. Or they suspect they’ll panic if they forget their lines. Don’t believe it. Without a script, you’re rudderless. You’ll deliver whatever comes into your head at the moment. And you won’t necessarily get across a clear, consistent message about your readiness for the job. As a former speechwriter, I can tell you, good scripts don’t come “in the moment.” There’s a slight chance you’ll get it right. But more likely you’ll deliver mixed messages that don’t add up to a clear and compelling picture … [Read more...] about How to write a script for a job interview that feels authentic

It wasn’t so long ago that creators were dismissed as frivolous curiosities. YouTubers and TikTokers were seen as kids with too much time on their hands and Instagram influencers as wannabe celebrities with a narcissism streak. advertisement advertisement Today, we know better. Content creation is serious business. The industry was worth $13.8 billion in 2021 with brands, marketers, and social media platforms reliant on creators to reach critical audiences. Meanwhile, creators themselves have proven they are legitimate entrepreneurs who boast some serious hard skills: photography and video editing, SEO, small business financial management, and contract negotiation. And with some, like Miss Excel Kat Norton earning six figures in a single day by hawking Excel tips on TikTok, it’s no wonder a majority of Gen Z and Millennials say they’d consider getting paid for the content they post online . But creators have also brought back into focus some of … [Read more...] about 3 ‘creator’ soft skills that can get you hired

Inigo Pascual and Susan Sarandon (Image: Instagram/@inigopascual) Iñigo Pascual looked back at his audition for the Hollywood musical drama “Monarch,” in which he now stars with the Academy Award-winning actress Susan Sarandon. The actor-singer, who plays the 18-year-old Ace Grayson in the series, admitted he initially did not want to audition for “Monarch.” He said this in his conversation with celebrity doctor Vicki Belo, for the latter’s YouTube vlog today, May 19. “It came out of nowhere. I wasn’t planning on auditioning at all. I was like, ‘I’m not gonna do it because I’m not gonna get it,'” he narrated. Pascual was eventually convinced by his team to try for the role. They assured him that if he did not get the role, he would still have his career in the Philippines. “I did it (audition), I was two weeks late for the audition and then I was in the top four after the audition. Then we did the callbacks. After two days, sabi nila (they said) ‘In a month’s time, you’re … [Read more...] about Iñigo Pascual recalls audition for musical drama with Susan Sarandon

Taylor Swift has Grammys galore and now she has a new title – "doctor.” The superstar received an honourary doctorate of fine arts from New York University on Wednesday, blowing kisses as the crowd roared when she walked toward the stage at a packed Yankee Stadium. Sporting her signature red lipstick and newly awarded honourary robe, Swift joked to the thousands of graduates assembled: "I’m 90% sure the main reason I’m here is because I have a song called 22 . "I never got to have a normal college experience per se. I went to public high school until 10th grade and then finished my education doing home school work on the floor of airport terminals,” Swift said in her commencement speech. The singer-songwriter, producer and director said that she began her music career at 15, touring different radio stations across the country. She went on to sell more than 100 million albums and won album of the year at the 2021 Grammys for her album folklore , making her the first woman to … [Read more...] about Call her Dr Tay Tay: Taylor Swift gets honourary doctorate from NY university

Mumtaz Bibi met her brothers after 75 years at Kartarpur. (Image credit: Punjabi Sanjh TV/YouTube) Seventy-five years after she was separated from her family during violence at the time of Partition, a woman born in a Sikh family who was adopted and raised by a Muslim couple met her brothers from India at Kartarpur in Pakistan's Punjab province, according to a media report on Wednesday. At the time of Partition, Mumtaz Bibi, who was born in a Sikh family, was an infant who was lying on the body of her mother killed by a mob, the Dawn newspaper reported. A couple named Muhammad Iqbal and Allah Rakhi adopted the baby girl and raised her as their own daughter, naming her Mumtaz Bibi. After partition , Iqbal settled at Varika Tian village in Sheikhupura district of Pakistan's Punjab province. Iqbal and his wife did not tell Mumtaz that she was not their daughter. Two years ago, Iqbal's health condition suddenly turned bad and he told Mumtaz that she was not his real daughter … [Read more...] about Separated during partition, woman reunites with brothers in Kartarpur after 75 years

The lifespan of companies is shrinking – to 18 years now from 90 years in 1935, says Shiv Shivakumar, group executive president, corporate strategy, at the Aditya Birla Group. In an interview with Moneycontrol , he said in the future, some legacy companies and those that have been around for 10-15 years will likely be bought over or close down. Shivakumar, who recently wrote a book on career and management titled The Art of Management, said employee loyalty no longer exists and the contract between a company and an employee is now very short. The only thing that’s permanent is learning and the ability to look ahead. Managers must communicate at all times, advises Shivakumar, who was formerly chairperson of PepsiCo Holdings in India and CEO of emerging markets at Nokia. The young workforce will not respect age – they will respect relevance and impact, he said in the emailed interview. Edited excerpts: You’ve said in your new book that careers have changed … [Read more...] about MC Interview | Employee loyalty doesn’t exist, the contract between a company and employee is now very short: Shiv Shivakumar