Stock market about to crash 2020

- A + A NEW YORK/BENGALURU (May 20): US stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth. Nine of the 11 major S&P sectors advanced in morning trade. Energy was the top performer, up 2.2%, followed by healthcare and technology sectors. Microsoft Corp, Amazon.com and Apple Inc rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq. "Some traders are taking advantage of the price weakness, at least in the short term, to make some money. The real question is whether this will last by the end of the day," Sam Stovall, chief investment strategist at CFRA Research, said. "It is definitely going to be a traders' battle today. The market is trying to orchestrate at least a near-term relief rally, which is normal within bear market trends." Disappointing forecasts … [Read more...] about Wall St rises as growth stocks gain after two days of selloff

Erica Davis, 37, knew early on that she wanted to be a business owner. Entrepreneurship runs in her family : Her mother owns Carolyn's Creole Kitchen, a catering business, and her real estate agent grandmother owned a laundromat and purchased several homes on one block so that her children could all live in the same neighborhood. "Being an entrepreneur was always in my career path. It was just about me getting the building blocks that I knew I needed to start a successful business. Everything I've done was strategic to get me to where I am right now," says Davis, who currently runs The Sip, an Oakland, California-based wine tasting subscription service. After graduating from the University of San Francisco with a business degree, Davis was accepted into Gap's nine-month Rotational Management Program, which gives participants interdisciplinary leadership training and hands-on lessons in inventory management, merchandising, and customer engagement. "They call it the … [Read more...] about How This Wine Lover Spotted a Market Gap and Turned It Into a Million-Dollar Business

New York (CNN Business) The stock market selloff has left the Dow Jones Industrial Average on track for its longest weekly losing streak in nearly a century. After opening the day higher, the Dow ( INDU ) turned negative and was down about 270 points, or 0.9%, in recent trading. The Dow is off by nearly 4% so far this week. If the Dow finishes down for the week, which it is solidly on pace to do, it would be its eighth-straight weekly loss. That would be the longest weekly losing streak since 1923, according to FactSet data reviewed by LPL Financial. The long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation -- and what the Federal Reserve will have to do to get prices under control. The broader S&P 500 is on pace for a seventh-straight weekly loss, which would be its longest such slump since March 2001, according to Bespoke Investment Group. The S&P 500 entered … [Read more...] about Dow is on pace for longest weekly losing streak since 1923

Stock investors who expect to rake in big profits on the soaring shares of Uber Technologies and Lyft when they go public should think again, according to a detailed analysis by industry expert Joseph Vitale. Deloitte’s global automotive practice leader, whose group delivers consulting, risk management, and other services to auto makers, suppliers, dealers, and car rental companies, and also advises governments, is not one of the wave of sell-side analysts waiting to market the two ride-hailing stocks. 4 Reasons to Be Cautious About Uber and Lyft Uber and Lyft are actually worsening the urban congestion problem. Ride hailing will become less convenient for consumers as congestion increases. Ride hailing isn’t as economically traffic-efficient as taxis. Ride sharing has declined among the heaviest users. Unicorns Valued at $120B and $19B The public debuts of America’s two leading ride-hailing rivals are among the most anticipated in 2019, as the volume of IPOs … [Read more...] about Read This Before Investing in Uber and Lyft IPOs

Facebook, Inc. ( FB ) stock rallied to a three-month high on Thursday after the company beat third quarter profit and revenue estimates. However, it was a mixed session because the social media giant gapped up and posted the day's high a few minutes after the opening bell before pulling back throughout the day and closing near the intraday low. The reversal highlighted hidden selling pressure while warning new investors that gains may be limited in coming weeks. Technical and political headwinds are likely to drive price action well into 2020, with massive overhead supply around $200 still in place after July 2018's 41-point sell gap and down day. The stock posted the highest selling volume in the past six years in that session, with shareholders hitting the sidelines after the company warned that privacy issues following the Cambridge Analytica scandal were taking a toll on user interaction. That loss of trust has spiraled into a series of international accusations and … [Read more...] about Facebook Upside Appears Limited Despite Strong Quarter

Share to Twitter Share to Linkedin Rob is the CTO at Applause , helping leading brands quickly release high-quality digital experiences. In my last piece , I described the metaverse as an evolution of the internet and a series of evolving standards. The experience of the user becomes central, and the technology must be frictionless. While “what is the metaverse?” is still a question that can’t easily be answered, almost every industry vertical is thinking about what it means for them. Retailers are looking at ways to embed AR/VR experiences into shopping, as well as the sale of digital products, and media and entertainment companies will have to offer entertainment on new devices and mediums. The gambling industry is grappling with the fact that online casinos do not have to follow the same regulations as in-person options, which will impact the popularity of AR/VR casinos, and the use of cryptocurrency for in-game betting is also sure to rise. … [Read more...] about Testing The Metaverse

- A + A KUALA LUMPUR (May 20): Mondelēz International, manufacturer of Cadbury Dairy Milk chocolate and OREO biscuits, has taken various measures to mitigate the effects of global cost-push inflation to ensure that its products remain affordable and of the same high quality, said managing director for Malaysia and Singapore Narmeen Khan. This is particularly with respect to transportation, packaging, edible oils, and dairy, as well as supply-chain bottlenecks, she told Bernama . Narmeen, who assumed the position in February 2022, said Mondelēz is not excluded from experiencing inflation across markets, including in Malaysia. "Due to the steep increase in costs across the entire value chain, particularly in commodities, logistics, and packaging, product repricing is one of the considerations, but as previously disclosed, we are taking proactive measures in 2022 to reshape our portfolio, with a focus on core products and best-selling items. "Other considerations … [Read more...] about Mondelez International to keep Cadbury chocs and biscuits affordable

Key Takeaways Analysts estimate adjusted EPS of $0.87 vs. $1.32 in Q1 FY 2022. The number of customers contributing over $100,000 in 12-month trailing revenue is expected to rise YOY, but at a sharply slower pace than previous quarters. Revenue is expected to grow, but at a decelerating pace. Zoom Video Communications Inc. ( ZM ), which offers a video-first communications platform, saw its popularity soar during the past two years amid the COVID-19 pandemic. Earnings and revenue skyrocketed. But the company's growth has decelerated sharply in recent quarters as employees have begun to return to their offices. In this new environment, Zoom's biggest challenge is how to retain its base of large corporate customers, who are crucial to producing a steady, reliable revenue stream. Investors will be watching closely at how Zoom management plans to address these challenges when the company reports earnings on May 23, 2022 for Q1 FY 2023. The company's 2022 fiscal … [Read more...] about Zoom Q1 FY2023 Earnings Report Preview: What to Look For

- A + A KUALA LUMPUR (May 20): SC Estate Builder Bhd (SCBuild) has received a requisition from three shareholders, who collectively hold at least 10% of the company's shares, to call for an extraordinary general meeting (EGM) to remove 11 existing directors. In a bourse filing on Friday (May 20), SCBuild said it had received the notice of requisition for the EGM from Seik Yee Kok, Seik Thye Kong and Tan Bee Yook, who are seeking to remove the company's chairman, managing director and chief executive officer Loh Boon Ginn, Loh Shy Tyug, Loh Shy Ming, Kuay Jeaneve, Chee Jun Ann, Kuay Jen Nie, Josipinna Pudun, Loo Tze Ming, Soo Ting Hooi, Chan Wei Xi, Datuk Bijaya Indera Syed Unan Mashri Syed Abdullah and any director appointed between May 13 and the EGM. At the same time, the trio are seeking to appoint six new directors namely Abd Gani Yusof, Rosman Hussin, Johari Yazid, Keithson Neoh Tze Thow, Koh Lay Keem and Cheong Peck Kuan on SCBuild's board. "The company is … [Read more...] about SC Estate Builder gets EGM requisition to remove 11 directors

Share to Twitter Share to Linkedin Founder of TalentService.com , and the advisor of Stanford's R&D project "Future Talents." Currently, 58% of companies use HR technology to find, attract and retain top talent. Human resources tech was already well on its way toward new developments pre-pandemic, but Covid-19 accelerated the entire sector dramatically. The most recent projections say the HR software market is expected to exceed $10 billion this year, a 10.4% CAGR for the sector as a whole. However, it's worth noting that this growth will bring a major shift in trends. Companies will be looking for newer, better ways to implement this technology. The State Of HR Today Before we look at predictions for the future of HR tech, let's discuss the state of the market as it currently is. A recent survey found that 44% of HR departments currently use cloud technology for increased productivity and efficiency, and 35% rely on it … [Read more...] about Three HR Tech Trends To Follow In The Near Future