Stock 52 week high list

Share to Twitter Share to Linkedin Topline The stock market fell on Tuesday—reversing a comeback rally a day earlier—as the months-long selloff on Wall Street persists with investors continuing to offload shares amid a gloomy profit outlook from Snap, which sent tech stocks plummeting and led to rising recession fears. Key Facts The Dow Jones Industrial Average was down 0.5%, nearly 200 points, while the S&P 500 lost 1.3% and the tech-heavy Nasdaq Composite 2.6%. The relentless market selloff resumed on Tuesday—despite a rebound led by financial stocks a day earlier, with seven straight weeks of losses briefly pushing the S&P 500 into bear market territory last Friday. “Stocks are getting hit hard” and the “main culprit is the Snap warning” from Monday evening, says Vital Knowledge founder Adam Crisafulli, after the social media company warned that it expects both quarterly sales and profit to fall short of its own estimates. … [Read more...] about Stock Market Selloff Resumes As Snap’s 40% Plunge Drags Tech Shares Lower

Share to Twitter Share to Linkedin Topline Moderna CEO Stéphane Bancel , a veteran biotech executive whose fortune swelled during the Covid-19 pandemic, on Tuesday revealed he would donate all the after-tax proceeds from his original Moderna stock options—worth about $355 million—to charity over the next year. Key Facts In a regulatory filing on Tuesday, Bancel disclosed he would exercise stock options, originally granted in 2013 and set to expire in August 2023, to acquire nearly 4.6 million shares at a price of $0.99 apiece, a nearly 100% discount to current prices of about $138. Bancel, who joined Moderna in 2011, said in an accompanying blog post the donated shares would amount to roughly $355 million at current prices—after deducting about $280 million in state and federal tax payments. To avoid a large-scale transaction that potentially impacts the price of Moderna shares, Bancel said he would set up a trading plan in which he … [Read more...] about Billionaire Moderna CEO Stéphane Bancel Pledges Stock Options Worth $355 Million To Undisclosed Charitable Causes

- A + A (May 24): The sell-off of equities will reach a bottom once the US Federal Reserve (Fed) signals the end of tightening, which may not happen until a recession is apparent, according to Goldman Sachs Group Inc. “It may be necessary for the market to become more confident than it is that financial condition tightening has been sufficient and that the Fed has delivered and signalled enough tightening,” Goldman strategist Vickie Chang wrote in a note. “Monetary policy has historically stopped tightening about three months before equities bottom, and shifted to easing about two months afterwards.” US equities have slumped this year amid investor concerns that the Fed will plunge the economy into a recession with its active monetary tightening amid soaring inflation. The S&P 500 flirted with a bear market last Friday (May 20), while the Nasdaq 100 is down more than 25% in 2022 as frothy technology shares have led the sell-off on worries about higher rates … [Read more...] about Goldman strategist says stocks will bottom once Fed signals shift

Write to us We can finally travel again! We would love to hear about your travels and adventures not just within Malaysia, but overseas too. If you don’t feel like travelling yet, that’s OK, as you can always tell us about your past holidays instead. Your story – experiences, tips, advice – should be 700 to 800 words long in Word or Text format. Please attach some photos (1MB, captioned) in a separate email. There is no payment for submissions, and we reserve the right to edit all submissions. Email [email protected] with the subject “Readers Share” In 2019, I decided to go on a six-country tour. I made all the travel arrangements in October that year, and my three-week trip was supposed to begin in February 2020. However, by December 2019, Covid-19 was becoming a serious problem all over the world and the travel industry was already affected then. Initially, I thought of cancelling my trip, but after much research, and hesitation, I decided to just go ahead with my … [Read more...] about Malaysian travels to six countries in three weeks before pandemic

London (CNN Business) One of the many buzzwords percolating around Davos this week is "fragmentation," the force economists there warned could have "devastating human consequences." By "fragmentation," they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that's defined the global economic order over the past three decades. It is a form of deglobalization — rebuilding fences around national or regional fiefdoms. "Fragmentation is the sense that we may be having economies protect themselves a little more domestically, and that could slow things down," Josh Lipsky, director of the Atlantic Council's GeoEconomics Center, told me. "And then it may make things more expensive in return." It's not a new issue, of course — supply-chain upheaval was turbocharged by the start of the pandemic more than two years ago — but the war in Ukraine, growing political divides and lingering trade disputes are renewing concerns … [Read more...] about Here’s another troubling reason inflation will be hard to fight

Share to Twitter Share to Linkedin The American whiskey category has been growing exponentially over the last decade. Rye whiskey has seen an amazing resurgence, while American malt whiskey has emerged as an important new category in the American whiskey universe. Additionally, the emergence of American blended whiskeys and the rise of independent blenders and bottlers have significantly expanded the range of available aroma and taste profiles. Add to that the presence of around 2,000 craft distillers, many of which are devising new mash bills and developing innovative distillation and maturation techniques, and you can’t help but conclude that we are in a golden age of American whiskey. This year the San Francisco World Spirits Competition (SFWSC) judged hundreds of American whiskey expressions across more than a dozen different categories. Today we look at the finalists in the rye, American single malt, Tennessee, wheat, American blended, Special Barrel … [Read more...] about The Very Best American Whiskeys 2022 San Francisco World Spirits Competition

Share to Twitter Share to Linkedin Topline Fresh off the S&P 500's brief plunge into bear-market territory, financial stocks led a staggering market rally on Monday after bullish news from the nation's largest lender, but with uncertainty around interest rate hikes still posing a risk to stocks, experts aren't breathing a sigh of relief just yet. Key Facts The Dow Jones Industrial Average soared 633 points, or 2%, to 31,896 by 3:30 p.m. ET Monday, while the S&P jumped 1.85% and the tech-heavy Nasdaq, 1.4%—setting the market up for its first daily increase in a week. Heading up the Dow and S&P's gains, shares of JPMorgan—though still down 22% this year—surged 7% after the bank raised its outlook for net interest income this year to $56 billion, up from guidance of $50 billion in January, due to expectations that the Federal Reserve will raise rates to 3% this year. "Strong economy, big storm clouds," JPMorgan CEO Jamie Dimon said … [Read more...] about Dow Soars 600 Points As JPMorgan Rallies—But ‘Vicious’ Bear Market Risks Keep Experts On Edge

- A + A KUALA LUMPUR (May 24): KNM Group Bhd has sold its entire stake in Borsig GmbH, a German-based process equipment manufacturer, to GPR Siebzigste Verwaltungsgesellschaft mbH (GSV) for €220.8 million (RM1.03 billion), but is expected to make an estimated loss of RM490.55 million from the disposal. In a bourse filing on Tuesday (May 24), the group said its wholly-owned indirect subsidiary Deutsche KNM GmbH entered into a conditional sale, purchase and transfer agreement with GSV on Monday. KNM is a multinational group with core businesses in project management, engineering, manufacturing and construction for the renewable energy, power, utilities, refining and petrochemical industries. GSV is a special investment vehicle wholly-owned by Vorsprung Industries SCSp, incorporated for the acquisition of Borsig. The price tag represents an enterprise value (EV) over earnings before interest, taxes, depreciation and amortisation (ebitda) of 6.63 times, compared with … [Read more...] about KNM to sell Borsig at a loss for RM1 billion

Written and reported by Raquel “Rocky” Harris , with reporting from Jared Council T wo years after George Floyd’s tragic murder forced corporate America to confront its role in perpetuating racism, Black Americans were asked which institutions they trusted to push for change. They named nonprofit organizations, small businesses and even the government. Big business ranked dead last. Part of the reason is that expectations were set so high. Companies promised a lot in the wake of Floyd’s senseless killing by a white police officer and the national soul-searching that followed. Real change, however, came much more slowly than the promises. “In terms of scope of impact, companies and the U.S. government could do so much,” says Tyrance Billingsley II, founder and executive director of Black Tech Street , a national initiative that seeks to build tech ecosystems in Black communities by bridging resources and Black-owned tech companies. “I think it says something that … [Read more...] about We Asked Black Americans: How Safe Do You Feel Two Years After George Floyd’s Murder? Here Are Their Answers

This article first appeared in The Edge Malaysia Weekly, on May 16, 2022 - May 22, 2022. - A + A COMMODITIES may still be riding an upward trend, but metal prices have melted to pre-Russia-Ukraine conflict levels. Aluminium, for one, has seen year-to-date gains erased on demand headwinds, especially the slowdown in China’s manufacturing activity due to Covid-19 lockdowns. Since surging past US$3,800 a tonne in March this year — the highest in more than 13 years — aluminium prices have retreated 30% to a five-month low of US$2,700 a tonne. Copper prices have also contracted to a more than seven-month low of US$9,000 a tonne as at last Thursday on fears of a global economic slowdown. Attributing the fall to a strong US dollar and weak Chinese demand, Fitch Solutions expects further weakening in metal prices in the second quarter before stabilising in the second half of the year. Local analysts are not overly concerned about softer aluminium prices as they … [Read more...] about Trailing demand a temporary blip for aluminium players