Wolf of wall street

- A + A NEW YORK/BENGALURU (June 27): Wall Street's main indexes fell after opening higher on Monday, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks leading declines. "We had a nice rally last week, so I think we're seeing a little bit of profit taking this morning," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas. "The stocks that were up the most last week are the ones getting hit the hardest here today." The tech-heavy Nasdaq Composite index, which gained 7.5% last week, fell 0.7% to lead declines among the three major indexes. Investors were betting on the retreat in oil prices from the three-month highs hit in June to potentially ease inflationary pressures and likely push the Federal Reserve to moderate its aggressive policy tightening. However, data on Monday showed new orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business … [Read more...] about Wall Street sheds opening gains on losses in high-growth stocks

- A + A KUALA LUMPUR (June 27): Bursa Malaysia closed broadly higher on Monday (June 27) on persistent buying interest mainly in technology and energy stocks, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.42 points to 1,438.12 from Friday's close of 1,436.7. The benchmark index, which opened 2.12 points higher at 1,438.82, fluctuated between 1,431.65 and 1,441.03 throughout the trading session. On the broader market, gainers beat losers 546 to 365, while 393 counters were unchanged, 1,004 untraded, and 55 others suspended. Total turnover expanded to 2.65 billion units worth RM1.43 billion from 2.46 billion units worth RM1.47 billion on Friday. Key regional markets also continued to trend higher following positive cues on Wall Street including the upbeat performance of the tech-heavy Nasdaq Composite last Friday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI, which ended 0.1% … [Read more...] about Bursa ends broadly higher

RadioShack has had a rough year. In March it announced the closure of 1,110 stores. Six months later its brand-new CFO resigned . The electronics store is running out of cash and earlier this year hinted it could be forced to liquidate or seek bankruptcy protection if it didn’t turn things around soon, according to the Wall Street Journal . advertisement advertisement Faced with imminent death, RadioShack is going back to its roots, launching a last-ditch effort to appeal to its original customer base: makers. Starting this week, the gasping retailer will prominently display and sell LittleBits, the darling of the maker community, in 2,000 of its stores. “For us, they represent the origins of the maker movement, the DIY movement in electronics,” LittleBits CEO Ayah Bdeir told Fast Company . The original makers–hardware hobbyists who build their own gadgets–went to RadioShack to stock up on circuits, LED, batteries, and other necessary parts for … [Read more...] about Can LittleBits Save RadioShack?

- A + A WASHINGTON (June 27): New orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter, but rising interest rates and tighter financial conditions could slow momentum. The nearly broad rise in orders reported by the Commerce Department on Monday occurred despite deteriorating business and consumer sentiment, as well as heightened fears of a recession. The gains partly reflected higher prices. The Federal Reserve is aggressively tightening monetary policy to quell inflation. "There's some inflation behind the increase in orders, but, nevertheless, there are a lot of dollars flowing through the economy right now," said Christopher Rupkey, chief economist at FWDBONDS in New York. "Businesses would not order new equipment if they thought consumers and other companies were looking to pull back their purchases." Orders for non-defense capital goods excluding … [Read more...] about US manufacturing shows resilience despite rising interest rates

Share to Twitter Share to Linkedin A riot of colours, irreverent nods towards the royal family and rainbow-hued hotel-room doors (inspired by Notting Hill’s houses) – nhow London harnesses all the joy and quirks of British culture. A short walk from Angel or Old Street tube stations, the hotel is found on the fringes of Shoreditch. Entering the lobby space from the urban sprawl is like peering into a kaleidoscope. The open-plan space has a warehouse feel, with its vast space and high ceilings. It is filled with mismatched groups of chairs and sofas, covered in House of Hackney fabrics, graphic printed rugs and oversized pop art adorning the walls. At its heart is a neon yellow bar, ideal for late-night cocktails, which merges into the all-day eaterie. The design by interior architects Project Orange has fun and optimism at its heart. Having opened just before the pandemic, its ‘reinvention’ of the modern hotel offers a ‘hyper-real’ vibe which feels … [Read more...] about Behind The Scenes: Nhow London Brings An Eclectic Take On The City

Share to Twitter Share to Linkedin Go off the beaten path and drink local with the locals Like all major European capitals, Rome’s touristy neighborhoods are hard to avoid or, sometimes, resist. After a journey of missed connections, jumbled travel directions and mangled language if you’re not an Italian speaker, it’s tempting to fall into a neighborhood like Trastevere, where English is widely spoken and familiar menu items can entice you to give in and settle for something comfortable. But, don’t. If you want to eat and drink like a Roman, get off the beaten track. Just across the river, the adjoining historically working-class neighborhoods of Testaccio and Ostiense have bloomed in the past decade, becoming destinations for more authentic eating and drinking. They’re no secret to the well-traveled set or frequent visitors to Rome, but you’ll see few fanny-packers, selfie sticks and white sneakers here. Take the subway ( Metropolitana ) to the … [Read more...] about When in Rome, Drink Like A Roman