@daz888888888:$Sea Ltd(SE)$ First reason SEA stock is bearish: Garena's slowdown Sea generated 31% of its revenue from the digital entertainment division, which houses its gaming unit Garena, in its latest quarter. Garena generates most of its growth from its battle royale game Free Fire, which was launched back in 2017. Garena's bookings soared 80% in 2020 as more people played Free Fire throughout the pandemic, then increased 44% in 2021. But its bookings declined sharply in the first half of 2022 as those pandemic-induced headwinds faded away. The game was also abruptly banned in India, one of its fastest-growing markets, earlier this year. Second reason : It's (SEA) ongoing losses Garena's slowdown is troubling because it's the
๐๐๐๐//@koolgal:Hurray! Another exciting event organised by @FundMall to guess how many funds there are in Tiger Vault!The answer is No. 3 - 6 Funds (4 in SGD and 2 in USD) However and Coming Soon there will be 1 more in HKD.There are also 2 promotions - Earn 20% interest for 3 days for newcomers and 9% interest for 9 days promotions. How good is that! ๐๐๐
@Ssimsim:Bed Bath & Beyond Stock Jumped Nearly 6% on FridayWhat happenedWhile the markets were down big on Friday, Bed Bath & Beyond enjoyed a good day, gaining 5.9%. It had been up as high as 13% just after the opening bell.It was among the relatively few stocks that did well on Friday as the Dow finished the day down 3%, while the Nasdaq Composite fell 3.9%, and the S&P 500 dropped 3.4%.So whatIt was a terrible day on the markets as investors reacted negatively to a speech by Federal Reserve Board Chairman Jerome Powell at its Jackson Hole, Wyoming, meeting. Powell's speech confirmed what many had expected: that the Fed would take a hawkish stance toward lowering inflation.But concerns of a recession did not hurt Bed Bath & Beyond, at least not Friday. On Tuesday, The Wall Street
๐๐๐//@Remotecam:The personal consumption expenditure - PCE Index in the United States fell 0.1% month-over-month in July of 2022, after jumping 1% in June which was the largest increase since September 2005. Prices for goods decreased 0.4% and prices for services increased 0.1%. Food prices were up 1.3% while energy cost fell 4.8%.
๐๐๐๐//@JC888:I read with interest on this article. Is there a disjoint between Pension funds manager and Wall St funds manager & Wall St analysts ? Afterall they have been thumbing down Chinese EV makers ($NIO Inc.(NIO)$ , $XPeng Inc.(XPEV)$ , $Li Auto(LI)$ ) or simply ignore their progresses. Instead focusing on newbie US EV makers ($Rivian Automotive, Inc.(RIVN)$, $Lucid Group Inc(LCID)$ ) that still have to go thru the very very very lengthy and
Largest US Pension Keeps Positions in NIO and XPeng Largely Unchanged in Q2, Increases Bet on Li Auto
@StickyRice:The S&P 500 May Soon Be Handed A Harsh Dose Of RealityLast week saw the S&P 500 (SP500, SPX) posted its first weekly loss in about a month. The culmination of a VIX expiration, Fed minutes, and monthly options expiration helped break the equity market down on Friday and potentially ended the summer rally dead in its tracks.Now maybe about when things get interesting, with Jackson Hole this week and a slew of Fed officials pushing back against the markets, concluding with Jay Powell himself on Friday, August 26.While equity markets have been in fantasyland focused on a make-believe dovish Fed pivot, the bond and currency markets have been anchored in reality. That reality shows there is no pivot, and those who bet on a pivot coming will be proven wrong.The Fed Fund Futures shows us
@robot1234:Tencent plans to divest $24 billion Meituan stake -sources. China's Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake, said three of the sources.Technology giant Tencent, the owner of China's No. 1 messaging app WeChat, first invested in Meituan's rival Dianping in 2014, which then merged with Meituan a year later to form the current company.Based on Meituan's market capitalisation as of Monday, Tencent's 17% stake is worth $24.3 billion.