The Dow Jones Industrial Average (DIJA) is poised to be the only major U.S. index to gain this week, as investors weigh solid quarterly earning reports against the potential for a series of interest rate hikes this year. The Dow is little-changed this afternoon. The Nasdaq and S&P 500 are both falling. Key Takeaway Stocks are mixed to mostly lower, with the Dow Jones poised to be the only major U.S. index to pull out a gain this week. The yield on the 10-year note continued to advance, reaching 2.06%. The mixed picture may reflect investors' uncertainty over interest rate hikes amid strong corporate earnings and a potential easing in geopolitical concerns. Newell Brands' shares soared after the owner of the Elmer's and Coleman brands reported better-than-expected profits. Energy company stocks are rising with oil futures moving above $91 a barrel again after the International Energy Agency (IEA) warned undersupply could send prices even higher. Expedia … [Read more...] about Stocks Fall With Nasdaq, S&P 500 Heading for Weekly Declines
Weeks q2 2021
Global sales of EVs rose to record high of 6.6 million in 2021, says IEA
- A + A KUALA LUMPUR (May 25): Sales of electric vehicles (EVs) doubled in 2021 from the previous year to a new record of 6.6 million, said the International Energy Agency (IEA). In its Global EV Outlook 2022, IEA said that back in 2012, just 120 000 electric cars were sold worldwide. It said in 2021, more than that many are sold each week. It said early 10% of global car sales were electric in 2021, four times the market share in 2019. IEA said this brought the total number of electric cars on the world’s roads to about 16.5 million, triple the amount in 2018. It said global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021. The IEA said the success of EVs is being driven by multiple factors, explaining that sustained policy support is the main pillar. It said public spending on subsidies and incentives for EVs nearly doubled in 2021 to nearly US$30 billion. The agency … [Read more...] about Global sales of EVs rose to record high of 6.6 million in 2021, says IEA
Malaysian travels to six countries in three weeks before pandemic
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
Pac-12 recruiting: Receivers rule the week for USC, Oregon and Washington while Cal lurks for five-star QB
The foundation for recruiting success during the December signing window often is laid in the spring, when on-campus visits are taken, shortlists created and verbal commitments made. The Hotline is delighted to provide Pac-12 fans with a dive into the process through the eyes and ears of Brandon Huffman , the Seattle-based national recruiting analyst for 247Sports. Huffman will relay news and insight into the latest developments and cast an eye ahead to upcoming events that will shape the 2022-23 recruiting cycle. The following information, in his words, was provided to the Hotline on May 23 … To start the column, let’s say this: Yes, the other Pac-12 schools are recruiting. And yes, the other Pac-12 schools are being active. But nobody seems to be doing nearly as much, in either the transfer portal or regular recruiting, as USC and Oregon. Obviously, it has been a constant theme with those schools this spring, and last week was no different. *** One … [Read more...] about Pac-12 recruiting: Receivers rule the week for USC, Oregon and Washington while Cal lurks for five-star QB
Gold slips off two-week peak as dollar edges higher
- A + A BENGALURU (May 25): Gold prices dipped slightly on Wednesday (May 25), receding from a two-week high hit in the previous session, as the dollar reclaimed some ground but uncertainty over the trajectory of inflation supported safe-haven bullion's outlook. Spot gold had eased 0.2% to US$1,862.65 (about RM8,180.76) per ounce as of 0439 GMT after rising to its highest since May 9 of US$1,869.49 on Tuesday. US gold futures dipped 0.2% to US$1,861.50. Gold prices are set to snap a five-session winning streak. The dollar index firmed after hitting its lowest level in a month in the previous session, making greenback-priced bullion more expensive for buyers holding other currencies. "Investors are struggling with how to assess the landing path of inflation now that peak inflation is behind us. The question for the market is how long it will take to normalise, and that uncertainly is helping gold," said Stephen Innes, a managing partner at SPI Asset Management. … [Read more...] about Gold slips off two-week peak as dollar edges higher
Yet to try a 4-day week? Here’s how to do it productively
Today, leaders face increasing calls for more flexibility, low employee engagement, the Great Resignation and all-time high levels of burnout . Is the four-day workweek the solution to achieving work-life balance? advertisement advertisement Almost weekly, companies around the world announce they are experimenting with four-days at work, three-days off. But does it work? And do certain groups of workers benefit more than others? The four-day workweek and productivity One of the first four-day workweek trials took place at Perpetual Guardian in New Zealand . The company found that job performance remained unchanged when reducing working hours, with improvements in staff attendance and work-life balance. In Iceland, a 2,500 employee trial by the government and Reykjavík City Council reported similar results: Productivity remained the same, employees’ psychological and physical health improved, and stress and burnout decreased. These … [Read more...] about Yet to try a 4-day week? Here’s how to do it productively
Dengue fever kills 36 across Myanmar in 2021
YANGON (Xinhua): Myanmar reported 36 deaths from dengue fever and 5,446 cases of dengue fever across the country last year, Union Minister for Health Thet Khaing Win said on Monday (May 23) The country also confirmed 1,516 cases of dengue fever and two deaths from the disease between Jan 1 and May 20 this year, according to the Ministry of Health. Most of the dengue fever cases were detected in Yangon Region, Ayeyarwady Region and Mon State, it added. Dengue fever is a viral disease transmitted through the bite of an Aedes mosquito (pic) which is more active during the day. … [Read more...] about Dengue fever kills 36 across Myanmar in 2021
Trailing demand a temporary blip for aluminium players
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
She thought a dark moment in her past was forgotten. Then she scanned her face online
By Rachel Metz , CNN Business Updated 1124 GMT (1924 HKT) May 24, 2022 (CNN Business) Cher Scarlett, a software engineer, has a history of being misidentified by face-scanning technology, including one instance that may have surfaced a distant ancestor in a photo. So when she was introduced to an online facial-recognition tool she hadn't heard of, she wanted to see whether it would mistake photos of her mom or daughter for her. On February 1, Scarlett uploaded some images of her teenage daughter and her mom to PimEyes , a facial-recognition website meant to be used to find pictures of yourself from around the web — ostensibly to help stamp out issues such as revenge porn and identity theft. She didn't get any images of herself in return — pictures of her daughter yielded other kids, she said, while one of her mom led to some pictures of her mother, plus images of other, similar-looking women. Anyone can use this powerful facial-recognition tool — and … [Read more...] about She thought a dark moment in her past was forgotten. Then she scanned her face online
Kremlin critic Navalny loses appeal against nine-year sentence
Jailed Kremlin critic Alexei Navalny appeared before the hearing at a Moscow court via video link from his prison colony MOSCOW - Jailed Kremlin critic Alexei Navalny on Tuesday lost his legal appeal against a nine-year prison sentence that he and his allies condemn as politically motivated. His sentencing came as Moscow pushes on with its military offensive in neighbouring Ukraine and Russian authorities seek to silence remaining government critics. A Moscow court ruled to "leave the sentence without changes" and for it to enter into force immediately, meaning that the leader of Russia's embattled opposition will be transferred to a strict-regime penal colony with harsh conditions, including few family visits. President Vladimir Putin's arch-critic appeared before the court via video-link from behind bars at his prison colony outside Moscow. Wearing a black prisoner uniform, the 45-year-old looked grim and listened attentively, leaning against his bars, as the judge read … [Read more...] about Kremlin critic Navalny loses appeal against nine-year sentence