Derivatives credit suisse

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

- A + A NEW YORK (May 19): The evidence of red-hot inflation seeping into the economy is sending a chill through investors after major U.S. retailers showed people are cutting back on buying bigger ticket items as they just try and get by. Investors wiped almost 25% off Target shares on Wednesday after its profit halved as it had to discount bigger items, and Walmart has dropped more than 17% since it reported weak results early on Tuesday. Target's earnings showed consumers spending more on food and household essentials instead of high-margin discretionary items while Walmart showed shoppers moved to buy lower-margin basics. Investors will on Thursday be focused on earnings due from Kohl's, which fell 11% on Wednesday and BJ's Wholesale Club, which fell 16%. The turmoil came a day after Federal Reserve Chair Jerome Powell pledged the U.S. central bank would ratchet interest rates as high as needed to kill a surge in inflation. "Retailers are starting to reveal … [Read more...] about Investors jolted as US retailers show inflation hitting consumers

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

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

Two explosions set off in the Ugandan capital, Kampala, on Tuesday have killed at least three people and injured dozens of others, the Associated Press reported. “The bomb threats are still active, especially from suicide attackers,” police spokesman Fred Enanga said, the AP reported . He blamed the bombings on the Allied Democratic Forces, extremists affiliated with the Islamic State (IS). Thus far, 33 citizens have been treated at the city’s main hospitals, with five critically injured, Enanga said, the AP reported. Three suicide bombers also died in the blasts, according to police . SITE, a group that tracks the activities of extremist organizations, reported the IS affiliate had taken credit for the explosions. (RELATED: Ohio Man Pleads Guilty To Trying To Help ISIS) “The bomb threats are still active, especially from suicide attackers,” Enanga said. A potential third target was allegedly stopped by the police after a suspected suicide bomber was caught … [Read more...] about Twin Explosions Kill Civilians In Ugandan Capital, Police Blame Islamic State Affiliate

Share to Twitter Share to Linkedin This week, Colorado's lawmakers passed a Senate bill ( SB-205 ) to allow the Colorado Department of Public Health and Environment (CDPHE) to limit the sale of delta-8 THC products and create a task force to study intoxicating hemp products and, meanwhile, focus on consumer protection. The task force will submit a report to the general assembly by January 1, 2023. It will comprise 20 members, including state government representatives, experts in cannabis and industrial hemp regulation, and other stakeholders. The bill also allocates $587,347 to the Colorado attorney general's office to focus on the general consumer protection from synthetic hemp-derived intoxicating products, including delta-8 THC and delta-10 THC. The measure was introduced in the Colorado legislature last month and aimed to ban any intoxicating cannabis product that isn't produced by a state-licensed cannabis business or sold at a licensed dispensary. … [Read more...] about Colorado To Create A Task Force To Study Cannabis Delta-8 THC Products