The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market. The stablecoin UST slipped past its intended US$1 peg to near $0.03 last week after being attacked by a group of investors known as a "whale", which is a large group aiming to find loopholes in algorithms and take advantage of them, said Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial Group (KKP). According to Coingecko.com, UST was at $0.099234, down 25.4% over the past 24 hours as of 2.20pm yesterday, while Bitcoin was still hovering at $30,494 as of 2.57pm. Recently Do Kwon, co-founder of UST and Luna, announced a salvage plan on Twitter to split the blockchain into Terra and Terra Classic by the end of May. However, the announcement failed to convince investors thus far. Mr Pipat said the price collapse triggered a … [Read more...] about UST collapse hits digital asset market
Salesforce marketing cloud survey
Share to Twitter Share to Linkedin VMware (NYSE: VMW) , a cloud computing and virtualization technology company, has seen its stock underperform considerably in recent years, declining by around 5% from the March 2020 lows, compared to the broader Nasdaq-100, which remains up by about 75% over the same period, even after recording a big sell-off this year. The stock has gained a mere 8% over the last five years, compared to the Nasdaq which is up by over 2x. The underperformance in the stock comes as the company faces some challenges. Businesses have been increasingly moving their computing needs to public clouds, hurting VMware’s VMW virtualization offerings in recent years. Moreover, the company also paid out a sizable special dividend of $27.40 per share late last year, following Dell’s move to spin off its VMware stake, and this also likely resulted in some selling pressure in the stock. However, there appear to be multiple catalysts for growth. … [Read more...] about Is VMware Stock A Good Bet At $100?
Major Moves The 10-year Treasury yield (TNX) dropped to a new 52-week low today as traders moved more money out of riskier stocks and into the safety of Treasuries . This isn't a new trend for the TNX, but based on the previous pullbacks in the index, I'm starting to wonder if we may be nearing a bounce up off the downtrending support level that has been interacting with the TNX during the 2019 calendar year. The last time the TNX dropped down like this, it rallied at support in late-March, just like it did the time before in early January. Perhaps 2.25% could be the next rally point. Long-term Treasury yields can have a dramatic impact on the health of the U.S. economy. When they rise too high, they can limit growth because they make it too expensive to borrow money. Conversely, when they fall too low, they can encourage growth because they make it incredibly cheap to borrow money. If we can avoid further negative economic shocks from the trade war between the United … [Read more...] about Can Lower Interest Rates Save the S&P 500?
Share to Twitter Share to Linkedin Vladimir Putin’s invasion of Ukraine and the rise of food insecurity and inflation around the world are reasons to strengthen, not weaken, international commitments to end reliance on fossil fuels, the U.K.’s COP26 president has said. Speaking in Glasgow six months after the end of the COP26 climate summit, Alok Sharma focused on the successes of the conference, but noted that in the half-year since, global events had further highlighted the need for economies to move away from using coal, oil and gas as quickly as possible. “The world has changed,” Sharma said. “The clouds have darkened over the international landscape: war has returned to Europe ... debt is mounting, energy prices are rising, and globally people are struggling to feed their families.” These crises, Sharma went on, “should increase, not diminish, our determination to deliver on what the world agreed here in Glasgow,” noting that Russia’s invasion … [Read more...] about ‘Climate Security Is Energy Security’: COP26 President’s Warning To The World
Major Moves The majority of the stocks in the S&P 500 lost ground today as traders attempted to quantify and make adjustments for the uncertain risk they face with the Trump administration's tariff deadline looming at 12:01 a.m. Friday morning. The risk is uncertain because nobody knows if the Trump administration is going to go through with tariff increase. The U.S. Trade Representative's (USTR) office filed paperwork on Wednesday to raise tariffs on $200 billion of Chinese goods from 10% to 25%, but that doesn't mean the administration has to pull the trigger. However, the S&P 500 component that lost the most ground today didn't drop because of uncertain tariff risks. It fell because it faces easily quantifiable risks – 38 billion of them to be precise. Until today, Occidental Petroleum Corporation ( OXY ) had been in a bidding war with Chevron Corporation ( CVX ) for Anadarko Petroleum Corporation ( APC ). Chevron originally bid $33 billion for Anadarko, … [Read more...] about Occidental Petroleum Stock Plunges, but S&P 500 Rallies Into Close
These days, corporations make public proclamations after just about every significant news event. After George Floyd was murdered, tech companies, including Microsoft and Apple, made pledges of $3.8 billion to diversify their hiring practices and better support Black workers. Airbnb, Google, and others rushed to announce matching donations to support relief efforts when Russia invaded Ukraine this February. And back in 2013, hundreds of companies , among them Starbucks and Facebook (now Meta), urged the Supreme Court to overturn the Defense of Marriage Act. advertisement advertisement This is part of a series of articles on the business case for abortion access. See the full package here. So why is it that, even amid the mounting pace of state legislation and recent Supreme Court leak , companies have had so little to say about abortion? Starting in March, in anticipation of the Court’s final decision this summer, … [Read more...] about Why corporate America is afraid to talk about abortion
Two of the most interesting post-pandemic issues for the entrepreneurs running venture-backed businesses -- which have basically been on an involuntary hold for the last year or two -- are pace and story, and the conflicting attitudes toward each in the board room. Both are already topics of painful and somewhat heated discussions in meetings everywhere, pitting the impatient VCs against management teams. The VCs are all about IRR. Every investment they make is "on the clock" and their investors are always watching, waiting and wondering about how quickly and how much a given fund will return. They're all in for pushing the pace of everything forward as quickly as possible. Meanwhile, the far more conservative and cautious management teams are still somewhat traumatized and only now starting to recover from the shock of seeing their businesses abruptly shut down. These managers are also realizing that their years of pain, sacrifice and stress were almost lost forever. In a … [Read more...] about The New War Between VCs and Entrepreneurs
Share to Twitter Share to Linkedin We have fresh data from Forrester’s Q2 B2C Marketing CMO Pulse Survey, 2022 — a cross-industry survey among 153 US B2C marketing executives, VP and above, at brands with at least 500 employees. We provided a list of 13 trending marketing priorities and asked respondents to indicate the degree to which each is a priority (critical, high, moderate, low, or “not on their agenda”) for their marketing department during the remainder of 2022. The results are in, and the top five priorities that were rated “critical” most often are: 1. Focus On Employer Branding And The Employee Experience Acquiring and retaining high-performing talent is incredibly challenging right now, making it front and center to the CEO’s agenda. And CMOs have an important role to play as employer branding is increasingly powered by marketing. Why? Because traditional brand strategy is the bedrock of employer brand strategy. This requires emboldened CMOs … [Read more...] about Top 5 Most Critical CMO Priorities For B2C Brands
Share to Twitter Share to Linkedin Although companies are experiencing growth now, the signs are clear that a US recession is coming and likely will be upon us within a year. The Fed is starting to take measures to reduce liquidity and raise interest rates. Typically, recessions cause companies to pivot from their growth agendas into cost-saving agendas – including layoffs of staff. But layoffs would be a mistaken approach to a recession this time around. This blog shares my advice for handling the labor situation in the recession we now face. The Talent Shortage Duration Some people believe a recession would cool off the hot labor markets companies now must navigate because of the talent shortage (especially in IT and engineering skills) and the high attrition rates from the “ Great Resignation ” following the COVID-19 pandemic. Some even believe the current talent shortage is short term and situational; they believe companies just need to get … [Read more...] about Hiring Advice In Light Of Potential Recession
Share to Twitter Share to Linkedin Many articles now plaster the business media with news about the Great Resignation where employees see a hot labor market today and decide to go after a better situation for themselves. At Everest Group, we gathered empirical evidence from employees in many companies and compared that data with our findings from discussions with C-suite executives in leading organizations. Our study yielded both surprising and unsurprising findings. The biggest surprise is the significant gap between the reasons why employees move to other companies and what employers now do to try to retain them. The money picture Let’s start with data around why people leave their jobs and move to another company. It’s unsurprising, to say the least. They leave because they can get paid a lot more somewhere else – not a modest amount more – a lot more. What is surprising is the order of magnitude that this is happening and the amount of the … [Read more...] about Surprising Truths About The Great Resignation And Retaining Talent