Share to Twitter Share to Linkedin There’s still no break in sight for high new-car prices , which are on pace to set another record in May, with interest rates also on the increase, according to a joint forecast from J.D. Power and LMC Automotive. The average new-vehicle transaction price is expected to reach a record for the month of May of $44,832, the May 25 forecast said. That’s a staggering increase of $6,577, or about 16%, vs. the estimate for May 2021. What’s driving record-high prices is the ongoing computer chip shortage , which is limiting new-vehicle production. Forecasters for J.D. Power and LMC Automotive expect new-vehicle sales of about 1.2 million cars and trucks in May, down 18% vs. May 2021, based on the estimated daily selling rate. Thomas King, president of the data and analytics division at J.D. Power, said in the forecast that month-end inventory for May is expected to be below 1 million cars and trucks total. … [Read more...] about Add Higher Interest Rates, On Top Of Record-High Prices For New Cars And Trucks
High school record high jump
2 graduating high school students killed as car careens off road in Cebu town
CEBU CITY– Two graduating high school students were killed while four others were badly injured on Thursday afternoon in a vehicular accident at a town in Cebu. The accident at Barangay (village) Poblacion, Boljoon town, about 103 kilometers south of here, claimed the lives of Judy Ann Lomera, 17, a resident of the village, who died on the spot from severe head injuries, and Christy Marie Estella, 18, who died at the hospital in Cebu City in the evening. Both were fourth year students at the Boljoon National High School and were supposed to graduate this March. Wounded were Joanne Marie Romero, 16 and 4th year students at the Boljoon National High School; and Melissa Mendez, 14, her cousin Kynth Marie Mendez, 14 and Nice Ancheta, 15, all sophomore students of the same school. The driver, Al-Dhinier Sanaani, 26 and a medical representative, was detained at the police detention cell pending the filing of reckless imprudence resulting to homicide and multiple physical … [Read more...] about 2 graduating high school students killed as car careens off road in Cebu town
AIS hosts high school contest
Ms Rungtip says AIS is committed to supporting the country's e-sports industry to be on par with international tournament standards. SET-listed Advanced Info Service (AIS) is set to organise Thailand's first high school e-sports competition on a national level through collaboration with partners to promote the country as the e-sports hub in Asean. The country's biggest mobile operator is working with Dutch Mill dairy and Belink Media, an out-of-home media service operator, for the tournament dubbed AIS eSports S Series 2022. The competition is expected to draw 5,000 players from around 1,000 participating teams and 100 schools. The project enables AIS to catch the surging wave of the country's gaming market. Last year, AIS's eSports S series event, which focused on Bangkok schools, succeeded in gaining 2 million viewers, 455 participating teams and eight schools. Arena of Valor (RoV), a popular online game, was chosen for the 2022 competition. In the SEA Games, which … [Read more...] about AIS hosts high school contest
7 High ROE Stocks With Upside Amid Richly Valued Market
As the S&P 500 trades near record highs in 2019, Goldman Sachs says that a select group of reasonably priced, high-ROE growth stocks will lead the market in the coming months. These include: Baker Hughes ( BHGE ), which has expected ROE growth in the next 12 months of 47%, followed by MGM Resorts Intl. ( MGM ) 42%, Iron Mountain Inc. ( IRM ) 41%, Macerich Co. ( MAC ) 40%, Devon Energy Corp. ( DVN ) 41%, Newmont Goldcorp ( NEM ) 31% and Nordstrom Inc. ( JWN ) 31%. This is the first of two articles in which Investopedia will look at Goldman's picks. 'Challenging' Outlook for ROE Goldman says this superior performance will occur despite major pressure on ROE at most companies. "While stocks with low volatility and strong balance sheets still trade more than 2 standard deviations expensive relative to the past 10 years, stocks with high returns on capital carry more reasonable valuations," said Goldman in its latest US Weekly Kickstart report. "We expect investors … [Read more...] about 7 High ROE Stocks With Upside Amid Richly Valued Market
Bulls’ Ranks Fall to Lowest in 3 Years as Stocks Hover Near Highs
The ascent of the S&P 500 Index (SPX) to one record high after another might look, on the surface, as a breakout of irrational exuberance among investors. But the opposite is occurring as investment managers become increasingly bearish. Only 49% of the 148 professional money managers recently surveyed have a bullish view of the market over the next 12 months, down from 56% in a fall 2018 survey. This is the first time that the bulls have been in the minority since the fall of 2016, according to the spring 2019 release of Barron's Big Money Poll . It's also notable that 70% of respondents believe that stocks are fairly valued today, the highest percentage in nearly five years. “It’s difficult to get excited about the sustainability of a market rally that consists of expanding valuations in a slowing or declining earnings environment,” as Marc Dion, chief investment officer (CIO) at Wisconsin-based Morgan Dempsey Capital Management, told Barron's. Ingrid Hendershot, … [Read more...] about Bulls’ Ranks Fall to Lowest in 3 Years as Stocks Hover Near Highs
NBA Scores High Credit Rating For $3.7 Billion Of Debt
Share to Twitter Share to Linkedin DETROIT, MI - FEBRUARY 05: Blake Griffin #23 of the Detroit Pistons defends against CJ McCollum #3 ... [+] of the Portland Trail Blazers during an NBA game at Little Caesars Arena on February 5, 2018 in Detroit, Michigan. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. The Pistons defeat the Trail Blazers 111-91. (Photo by Dave Reginek/Getty Images) Fitch just released its credit rating for NBA debt. Bottom line: an "A-" rating due to the league's good management and strong and growing cash flow. That said, the NBA is more leveraged than the NFL or MLB. Here's the skinny from the ratings agency. Fitch Ratings has assigned an 'A-' rating to Hardwood Funding LLC's approximately $129 million senior notes series GG (Hardwood Funding LLC is an affiliate of the National … [Read more...] about NBA Scores High Credit Rating For $3.7 Billion Of Debt
Teachers demand salary increase
Protesters, mostly public school teachers, shout slogans as they are pushed away from the gates of the Presidential Palace by police to protest alleged inaction by the government in raising their salary petition Monday, June 2, 2014 in Manila. The protest, coincided with the opening of classes Monday for the school year 2014-2015. AP PHOTO/BULLIT MARQUEZ MANILA, Philippines–Around 100 public school teachers and members of militant groups pushed for a salary increase for educators during a rally in Mendiola, Manila, on Monday afternoon, the first day of the school year. The Alliance of Concerned Teachers (ACT) Philippines together with student groups that included Kabataan party list, National Union of Students of the Philippines (NUSP), League of Filipino Students (LFS) and Anakbayan carried an oversized mock report card marked with the letter “F,” which they said “signified President Aquino’s failures in various fields of competency.” The report card was later burned by the … [Read more...] about Teachers demand salary increase
Mass Shooting In Texas Followed 2 Years Of Surging U.S. Gun Sales
Share to Twitter Share to Linkedin Topline Tuesday’s mass shooting at a Texas elementary school—killing 19 children and two adults—followed more than two years of record-setting gun sales across the United States, a trend some researchers attribute to political upheavals and pandemic-related stresses. Key Facts Annual U.S. firearm sales hit an all-time record of 22.8 million (or 1.9 million per month) in 2020, a 64% jump from the previous year, followed by a gradual decline to 19.9 million (or 1.66 million per month) in 2021 and an average of 1.5 million per month in the first four months of this year—still well above pre-pandemic levels, according to figures from research firm Small Arms Analytics and Forecasting. Small Arms Analytics and Forecasting estimated 5.9 million firearms were sold in the U.S. during the first four months of 2022—down from around 7.7 million in the first four months of 2021, but still substantially above 2019, when … [Read more...] about Mass Shooting In Texas Followed 2 Years Of Surging U.S. Gun Sales
Wall Street rises on growth stocks ahead of Fed minutes
- A + A NEW YORK/BENGALURU (May 25): US stock indexes shook off early weakness to trade higher on Wednesday as growth stocks rallied, with investors awaiting minutes from the Federal Reserve's May meeting for clues on the path of its policy tightening. The central bank had at its May 3-4 meeting increased interest rates by half a percentage point, the biggest jump in 22 years. Minutes of that session, due to be released at 2 p.m. EDT (1800 GMT), could start shaping the debate over what happens when they meet in June and July to fight surging prices. "You will see a little more of a hawkish tone (today) and a bit more pivot from full employment to making sure that inflation is being fought," said Mike Mullaney, director of global markets research at Boston Partners. "If the Fed continues on the path they've suggested, you'll see a greater probability of a recession in 2023." Fed Chair Jerome Powell has promised to keep pushing on rate hikes until there is clear … [Read more...] about Wall Street rises on growth stocks ahead of Fed minutes
Food crisis can be contained if Asia remembers not to panic: expert
FILE PHOTO: Vendors load sugarcane onto a vehicle at a wholesale market in Kolkata, India, Oct 9, 2018. (Reuters) The world’s food problem is already severe as prices jump and protectionism flares but, a food security expert says there’s a good chance governments can stop it from getting way worse if they heed a lesson from the crisis in 2008: don’t panic. With a gauge of global prices already at a record following Russia’s invasion of Ukraine, a spate of nations have moved to curb exports in crops from wheat and sugar to cooking oils, exacerbating security risks for the rest of the world. Bad weather is a concern, too. Still, while wheat, corn and soy have soared, rice, a staple for more than 3 billion people, has so far been more stable. If nations do not panic or start hoarding, they can stop the current crisis from becoming a rerun of the one in 2008, when rice prices soared to put the region’s food security at serious risk, according to Peter Timmer, Professor Emeritus at … [Read more...] about Food crisis can be contained if Asia remembers not to panic: expert