Which 10 stocks to buy right now

- A + A (May 24): Social media stocks are on course to shed more than US$100 billion in market value after Snap Inc’s profit warning, adding to woes for the sector which is already reeling amid stalling user growth and rate-hike fears. Shares in digital ad-dependent Snap are set for a record one-day drop, down 30% in premarket trading. If that move holds, the company will lose about US$10 billion in market value. Added to the value of premarket declines for peers including Facebook-owner Meta Platforms Inc, Google-owner Alphabet Inc, Twitter Inc and Pinterest Inc, the group may see about US$100 billion wiped out. “At this point, our sense is this is more macro and industry-driven versus Snap specific,” Piper Sandler analyst Tom Champion wrote in a note. Others on Wall Street agreed, with RBC Capital Markets analyst Brad Erickson saying that implications for the digital advertising space are broadly negative, with Meta and Alphabet likely best insulated among … [Read more...] about Social media stocks set to erase US$100b on Snap warning

KT Studio Genie CEO Kim Chul-yeon, right, and Jumbo Film Director Han Dong-hwa stand for photos after the KT subsidiary agreed to buy a 30 percent stake in the drama production company on Monday. [KT] KT Studio Genie bought a 30 percent stake in local drama production company Jumbo Film for an unspecified amount, the KT subsidiary said Tuesday. Founded in April 2020, Jumbo Film has produced popular drama series including SBS’s “One The Woman” (2021), tvN’s “Navillera” (2021) and OCN’s “Voice Season 4: Time of Judgment” (2021). The two companies will co-produce new works using the best of each party’s capabilities and have them distributed through KT’s media platforms. This comes as a part of KT’s goal to grow the revenue of its content and media units by 30 percent to 5 trillion won ($4 billion) by 2025, which the company announced last month. KT said it will invest 500 billion won over the next three years to achieve the goal. “KT Studio Genie will keep expanding KT’s media … [Read more...] about Korea’s KT Studio Genie buys 30 percent of drama production company Jumbo Film

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

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

So far in this eight part series titled "8 Reasons Subscribers Are Better Than Customers," we've seen how subscribers boost the value of your company , increase the life time value of a customer and smooth out demand . Today, we look at how the subscription business model gets you closer to your customers--for free. In a traditional business, the customer buys your product or service once and it is up to you to try and convince them to buy again in the future. You often have no idea if they liked what they bought and what would have made them buy more so you're left having to guess or invest in costly market research. In a subscription business, you have what I call "Automatic Customers" who agree to purchase from you into the future as long as you keep providing your service or product. Through the research for my new book , I've discovered there are nine different subscription models that are leveraged by everyone from accounting firms to art teachers to better … [Read more...] about The Surprising Way Companies Like Netflix and Amazon Do Market Research

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

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 Trendy menswear brand Psycho Bunny is crazy about physical stores. The brand, known for its polo shirts and its skull-and-crossbones-with-bunny-ears logo, is leaning heavily into brick-and-mortar after seeing that its physical stores not only are four-wall profitable, but that they dramatically boost online sales in the markets where they are located. After opening 20 U.S. stores last year, the company has 29 new U.S locations in the works to open this year. It also is ramping up its global expansion, and plans to grow its portfolio to 130 stores worldwide by the end of this year. Psycho Bunny jumped into physical stores just before the pandemic, and found that even with quarantines and lockdowns its stores drew lots of in-person visitors, as well as drawing more online sales. In terms of online sales, “the metro areas that have stores have out-paced by more than 200% cities that don’t have stores,” said Justin … [Read more...] about Psycho Bunny Stores Are Multiplying Rapidly, U.S. Locations To Double This Year

Share to Twitter Share to Linkedin Rashad Bilal , a financial advisor, and Troy Millings , an educator, have quickly become the cultural kings of financial literacy. The dynamic duo from the Bronx is on a quest to provide access to financial knowledge that the Black community can use to effect real change. They saw a scarcity of information in the financial literacy field when it came to the Black community and began the famed podcast Earn You Leisure (EYL) in January 2019. With just an iPhone, shotgun mics, and the knowledge they held, the cultural shifters had a vision that led them to a level of popularity that piqued the interest of high-profile celebrities such as Steve Harvey, Nick Cannon, Jemele Hill, and many more. Rashad and Troy have since become the go-to resource for financial literacy in the Black community. They sat down with For(bes) The Culture to talk about how they developed their podcast and secured their television deal with … [Read more...] about Meet Rashad And Troy, The Financial Powerhouses Of REVOLT’s Assets Over Liabilities

Share to Twitter Share to Linkedin Topline The U.S. is releasing vaccines that can prevent monkeypox from its national stockpile, Centers for Disease Control and Prevention officials announced Monday, after at least one U.S. resident tested positive for the rare disease. Key Facts Over 1,000 doses of Jynneos , a vaccine for monkeypox and smallpox approved for adults, are currently in the Department of Health and Human Services’ Strategic National Stockpile , CDC officials said in a Monday afternoon call with reporters. Monkeypox is closely related to smallpox, and some treatments for smallpox are also effective against monkeypox. The U.S. accumulated a “good stock” of Jynneos in preparation for possible smallpox outbreaks, CDC disease specialist Dr. Jennifer McQuiston said Monday—even though smallpox has been eradicated for decades. The stockpile has over 100 million doses of the smallpox vaccine ACAM2000, McQuiston said, … [Read more...] about U.S. Will Release Monkeypox Vaccine From National Stockpile, CDC Says