Nba trade deadline tracker

Share to Twitter Share to Linkedin Topline The warm-up jacket worn by Basketball Hall of Famer Willis Reed the day he played through a torn thigh muscle to help the New York Knicks clinch their first NBA championship in 1970 will head to auction for the first time Monday. Key Facts Reed wore the white, short-sleeved jacket adorned with orange details as he warmed up before the game, during the game when he wasn’t playing on the court and during locker room celebrations after the Knicks won Game 7 of the 1970 NBA Finals. The Knicks’ team captain had already been named the most valuable player for both the 1969-70 season and the 1970 All-Star Game, but it was unclear if he’d be up to help the New York Knicks in the momentous game against the Los Angeles Lakers after tearing a thigh muscle in Game 5 and being forced to sit out Game 6. Reed–who later recalled he didn’t want to “look at myself 20 years later and say, ‘I wish I had tried to … [Read more...] about Willis Reed’s Warm-Up Jacket From Landmark 1970 NBA Finals Up For Auction

- A + A DUBAI/LONDON (May 17): Saudi Aramco is considering an initial public offering (IPO) of its trading arm amid a boom in oil prices in what could be one of the world's biggest listings this year, according to people with knowledge of the matter. The state-controlled oil major is working with banks including Goldman Sachs Group Inc, JPMorgan Chase & Co, and Morgan Stanley as it studies a potential listing of Aramco Trading Co, the people said, asking not to be identified as the information is not public. The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than US$30 billion. Aramco, which recently became the world's most valuable company, could sell a 30% stake in the division, two of the people said, which would make it one of the world's biggest IPOs this year. South Korea's LG Energy Solution raised about US$10.8 billion in January. Other major oil … [Read more...] about Saudi Aramco said to weigh IPO of trading unit amid oil boom

- A + A NEW DELHI (May 17): India is allowing “some relaxation” of its order restricting wheat exports to allow traders to meet prior commitments, according to the trade ministry. Futures fell as much as 3.8% in Chicago before paring losses. Wheat consignments that have been handed over to customs for examination, and registered in their systems on or before May 13, will be cleared for export, the ministry said in a statement. The government has also given the green light for a 61,500-ton shipment to sail from Kandla port to Egypt following a request from that government, it said. India, in a government order dated May 13, restricted wheat exports to avoid a domestic supply squeeze. In the notification, it made exceptions only for prior commitments made by private traders through irrevocable letters of credit, and for exports to countries that require wheat for food security needs, based on the requests of their governments. Shipments were curbed after record heat … [Read more...] about India tweaks wheat ban to let trade meet some commitments

- A + A BUTTERWORTH (May 17): Singapore Exchange-listed The Straits Trading Company Ltd and Malaysia Smelting Corporation Bhd (MSC) have unveiled the master plan of Straits City, a flagship development that aims to be the beacon of smart and sustainable integrated development in Penang. Straits Developments Pte Ltd chief executive officer Eric Teng said spanning 16.19 hectares on the prime seafront central business district in Butterworth, Straits City would comprise an integrated mix of residential, retail, hotel and commercial components, which is expected to be fully developed by 2038 “As it stands in our planning, the parameters we are looking at is around RM3 billion in terms of the gross development value (GDV) but we are in the process of reviewing it, especially after the two years of Movement Control Order,” he told a press conference after the topping-out ceremony of the Straits City development here on Tuesday (May 17). Straits City’s first phase of … [Read more...] about Straits Trading, MSC unveil straits city flagship development

The group has announced that its four top executives involved in the submission of false information have paid a total of RM16 million in compounds issued by the SC. (Photo by Mohamad Shahril Basri/The Edge) - A + A KUALA LUMPUR (May 17): Financially troubled Serba Dinamik Holdings Bhd gained investors' interest and emerged as the top actively traded counter on the local bourse on Tuesday (May 17). The stock opened one sen or 8.33% higher at 13 sen and surged further to hit an intraday high of 22 sen. It ended the trading day 4.5 sen or 37.5% higher at 16.5 sen, giving it a market capitalisation of RM614.99 million. A total of 1.05 billion shares changed hands, representing 28.15% of its share issuance capital. Notably, shares in the oil and gas service provider resumed trading on May 9 after a six-month long suspension since October last year. The stock sank to a new low of six sen on May 11, which was the third day of resumption of trading. … [Read more...] about Serba Dinamik emerges as top actively traded stock, rises up to 22 sen

Azmin says Nextracker would strive to enhance products from Malaysia to penetrate not only the US market, but also globally. (Photo by Mohd Suhaimi Mohamed Yusuf/The Edge) - A + A SAN FRANCISCO (May 17): Ferrotec (USA) Corporation has committed to investing more than RM500 million in new investment in Malaysia to set up its first manufacturing facility in Southeast Asia. Spanning 8.13 hectares that will include a 800,000 sq ft manufacturing plant in the Kulim Hi-Tech Park, the facility’s construction is expected to begin in the next few weeks. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the global supplier of materials, components and precision systems and a worldwide leader in quartz material fabrication for the semiconductor industry also committed to generating between 250 and 500 high-skilled jobs for Malaysians. “They are also committed to assisting small and medium enterprises (SMEs) in Malaysia in … [Read more...] about Malaysia secures over RM500m new investment from Ferrotec, says Azmin

Share to Twitter Share to Linkedin In the initial phase of my career, I worked as a sell-side corporate bond trader. Trading ultimately proved not to be my true calling, but I generated consistent profits with a simple method: Buy on the bid side, sell on the offered side. Under the tutelage of experienced traders, I learned to spot market imperfections that sometimes enabled me to improve on the basic formula by buying below the bid side or selling above the offered side. There were other voices, though, lecturing me on the vital necessity of “having conviction.” Translation: You are morally obligated to decide which way the market is heading in the short run and load up your inventory accordingly, i.e., with either long or short positions. The individuals most insistent on this point were a few interdealer brokers. These intermediaries, most of whom were on a spectrum from harmless to genuinely helpful, earned one-eighth-of-a-point commissions by … [Read more...] about Conviction Is The Enemy Of Performance

Share to Twitter Share to Linkedin Technical analysis has become a go-to strategy for many traders to build strategies and gauge market strategy. It is a broad subject, but at its core technical analysis relies on the use of charting tools and indicators to gauge market momentum and trends. This information can then be used to identify buy and sell signals, as well as getting an early sense of when market sentiment is starting to shift. However, technical analysis is not without is criticisms, especially when it comes to crypto. Indicators can be wrong, or send off conflicting signals. Additionally, crypto’s relatively short lifespan, especially beyond Bitcoin and Ethereum, provide little historical data to test strategies and assumptions. Additionally, concerns surrounding wash trading and market manipulation, although know unique to crypto, can be problematic. One of the industry leaders in providing crypto-specific technical analysis is Katie … [Read more...] about How Technical Traders Apply Their Expertise To Crypto Markets

Elon Musk - A + A HONG KONG (May 17): Elon Musk has declared he will not proceed with his US$44 billion takeover of Twitter Inc unless the social media giant can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal. The billionaire tweeted "this deal cannot move forward" unless Twitter provides proof of its claims, reiterating his own view that the ratio is far higher. Musk's latest online pronouncement complicates an already chaotic takeover, potentially one of the largest acquisitions the internet industry has ever seen. He recently butted heads online with Twitter chief Parag Agrawal over the way the social media giant accounts for bots, stoking speculation Musk may try to lower the price or even walk away. Twitter's shares fell another 3.2% in pre-market trading in New York, after sliding more than 8% on the previous day. The spread between Musk's offer price of US$54.20 and its last trading price is currently about … [Read more...] about Musk says Twitter must prove bot claims for deal to proceed

- A + A HONG KONG (May 17): JD.com Inc logged better-than-expected 18% revenue growth, after China's second-largest e-commerce operator grew market share to cushion the blow from Covid-19 lockdowns across the country's biggest cities. Sales climbed to 239.7 billion yuan (US$35.6 billion) in January-March, beating the 236.7 billion yuan average of analyst forecasts. It reported a net loss of three billion yuan. JD's stock surged more than 8% in pre-market trading in New York. JD and larger rival Alibaba Group Holding Ltd are grappling with the economic fallout from the coronavirus-related lockdowns that have snarled logistics to cities such as Shanghai. Heavily reliant on domestic sales, JD has been expanding brand offerings to tempt shoppers. Alibaba is expected to post its slowest quarterly growth in revenue since its 2014 listing. Billionaire Richard Liu's online shopping empire has largely avoided a direct hit from Beijing's crackdown on China's biggest … [Read more...] about JD.com revenue jumps, defying China lockdown hit to spending