What does it take to trigger a crash in the stock market? A once-in-a-century pandemic? The biggest war in Europe in 70 years? The US Federal Reserve instantaneously cutting off the supply of the opium of record liquidity and low interest rates? Multi-year high inflation? How about black magic? The Oxford Dictionary defines black magic as a type of magic that is believed to use the power of the devil in order to do evil. In a world where boring financial data, profit and loss statements, and complex macroeconomic events sway the everyday movement of stock prices and stock indices, one Rajkot-based stockbroker claimed last week that he spent more than Rs 8 crore to engineer a multi-day crash in the stock market with the help of esoteric black magic. Close “We are responsible to a great extent for today’s fall and the fall of the past few days in the market. You won’t believe it, but we have spent over Rs 8.5 crore today in kala jadu (black magic) to create … [Read more...] about A lone bear, black magic and a $235 billion stock market crash
Why fall in stock market
Boeing (BA) Takes Heat From Top European Customer Ryanair
A management reset may be in order at The Boeing Company (BA) , contends the CEO of Irish budget carrier Ryanair Holdings PLC ( RYAOF ), after a string of delivery delays and disputes over pricing negotiations have clouded the business relationship of the two companies. Key Takeaways Ryanair CEO Michael O'Leary said that Boeing's management needs a shakeup after a number of delivery delays and stalled pricing negotiations with the company. Ryanair ended negotiations to purchase up to 250 MAX 10 planes in September 2021 after pricing negotiations with Boeing broke down. Boeing's 737 MAX 10 and 787 Dreamliner have suffered major delivery delays due to certification and manufacturing issues. Faster-than-expected deliveries of Boeing's MAX 10 and Dreamliner could bring on a sharp rally in the company's share price. Ryanair Chief Executive Michael O'Leary lambasted the aerospace company's management at the airline's quarterly earnings conference call on Monday, … [Read more...] about Boeing (BA) Takes Heat From Top European Customer Ryanair
Country Heights says not aware of reason for UMA
- A + A KUALA LUMPUR (May 18): Country Heights Holdings Bhd (CHHB) informed Bursa Malaysia on Wednesday (May 18) that it was not aware of any corporate development that would have caused the sharp fall in its share price. The group also stressed that it is in compliance with the Bursa Securities Listing Requirements on immediate disclosure obligations. CHHB had opened one sen higher at RM1.20 but thereafter inexplicably nosedived on heavy trading volume to 83.5 sen — dropping 35.5 sen or 30% — hitting limit down and triggering an unusual market activity (UMA) query by Bursa Malaysia. The company is valued at RM247.99 million based on the stock price of 83.5 sen. In late April this year, the group said it intended to invest about RM250 million in capital expenditure (capex) for the next five years following its partnership with Beijing Wodong Tianjun Information Technology Co Ltd (JD.com) to develop an omnichannel business model in Malaysia. CHHB managing … [Read more...] about Country Heights says not aware of reason for UMA