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05/19/2022

Construction materials company Boral (ASX: BLD) said its earnings have been impacted by recent severe weather and higher energy prices and the company will not meet the earnings guidance provided at the end of March. Previously, the company expected underlying EBIT for its main business to be between A$145 million and A$155 million in FY22 in the absence of further unusual rainfall.

05/18/2022

U.S. Dow rose 431 points and 1.3%, the HSI opened 71 points or 0.35% higher this morning at 20,674 points; the national index opened 4 points or 0.06% lower at 7,072 points; the Hang Seng Technology Index opened 7 points or 0.17% lower at 4,265 points.

05/17/2022

U.S. stocks following last night's individual development, futures rose 0.2%-0.5% across the board, the Nifty 100 futures chased the bomb at 12,311, up 66 points. Asia-Pacific stock markets, except New Zealand repeatedly soft, all positive, but generally rose less than 1%, including Shanghai and Shenzhen half-day close 3,082 and 11,173, up 0.2% and 0.7%; Nikkei reported 26,626, repeatedly continued to rise 0.3%.

05/16/2022

India says it will still export wheat to food-deficit countries

The Indian government said Monday it will keep the window open for wheat exports to food-deficit countries at government levels, despite restrictions announced two days ago.
Indian Commerce Minister B.V.R. Subrahmanyam told reporters that the government will also allow private companies to fulfill their previous commitment to export nearly 4.3 million tons of wheat by July. India exported 1 million tons of wheat in April.
India mainly exported wheat to neighboring countries such as Bangladesh, Nepal and Sri Lanka. India's Foreign Trade Board said in an announcement in the government gazette on Friday that soaring global wheat prices are threatening the food security of India and its neighbors and vulnerable countries. One of the main objectives of the export restrictions is to control rising domestic prices. Global wheat prices have risen by more than 40 percent since the beginning of this year

05/14/2022

Bridgewater's first quarter positions: increased holdings of multiple emerging market ETFs and Ali ADRs, liquidated positions in Tesla

The world's largest hedge fund BridgeWater Associates 13F report shows that the overall position size reached $ 24.8 billion in the first quarter, up 44% from $ 17.202 billion in the previous quarter, with a concentration of 33.94% in the top 10 long positions. In total, 546 bids were added, 156 bids were reduced, 261 new bids were created and 24 bids were liquidated during the quarter. Among them, the five targets with the highest concentration are Vanguard FTSE Emerging Markets ETF, which accounts for 4.22%, increased by 5.91 million shares to 22.7 million shares (market value of $1.05 billion) in the quarter, followed by Procter & Gamble (153.62, 1.63, 1.07%), which increased its position by 1.63 million shares to 6.82 million shares. 1.63 million shares to 6.82 million shares (market value of $1.04 billion). In addition, the top five long positions/ETFs include the Pilot FTSE Emerging Markets ETF, iShares Core MSCI Emerging Markets ETF, iShares MSCI Emerging Markets ETF, and SPDR S&P 500 ETF (401.72, 9.38, 2.39%) Trust.

05/13/2022

Disney drifts, CEO says it can succeed without China, net profit slips 48% in second quarter

In terms of revenue composition, Disney's fiscal second quarter media and entertainment distribution revenue of $13.62 billion, up 9% year-over-year; parks, experiences and products revenue of $6.652 billion, up 109.64% year-over-year. Overall operating profit was $3.699 billion, up 50% year-over-year; net income attributable to the parent was $470 million, down 48% year-over-year, with all figures generally below expectations.
Compared to the mediocre figures, Disney CEO Chappeck's remarks at the earnings meeting were more compelling.
In talking about one of the Marvel series of films released in the U.S. a week ago, Disney CEO Chapek said the film, even if not released in China, the box office is still very good, less than a week to break the $ 500 million mark.

05/12/2022

Bezos donates another $120 million worth of Amazon stock

　Amazon (2107.44, -69.74, -3.20%) founder Jeff Bezos has donated about $120 million worth of Amazon stock to a nonprofit organization, but the beneficiary of the donation remains a mystery so far.
In a filing with the U.S. Securities and Exchange Commission (SEC), Bezos said he donated 47,727 shares of stock to a "nonprofit organization" on May 3 and 4, but did not specify which organization received the shares. Based on Amazon's closing price on May 3 and 4, the shares were worth slightly more than $120 million.

05/11/2022

U.S. stocks: Dow down 84 points, or 0.3%, after more than 500-point gain evaporated earlier in the session

U.S. stocks reversed, the Dow fell, the S&P 500 and the Nasdaq rose. Large technology stocks earlier rebounded after a sharp decline and support the market, but the decline in U.S. bond yields dragged down bank stocks. The market looks forward to today's (11) release of inflation data. The Dow opened 258 points higher, in the early part had risen 506 points to 32,752 points, in the middle had fallen 357 points to 31,887 points, the market stabilized at the end, but fell again before the close.

05/10/2022

Bitcoin falls below $30,000, down 55% from peak

Bitcoin's decline extended, falling below $30,000 for the first time since July 2021, and has fallen more than 55 percent from its record high in November amid a global flight from risky investments.

　　The world's largest digital currency fell 3.1 percent to $29,992 at one point in the Asian session. Ether was down 3.7% at one point, Solana was down 8.2% and Avalanche was down 10.4%.

05/09/2022

Online article exposes the Communist Party's big tax cut, residents' income plummeted

Data released by the National Bureau of Statistics (NBS) showed that national personal income tax revenue plunged 51.3% year-on-year in March. In stark contrast, March 2020 and March 2021, the epidemic years, saw a 16.3% year-over-year compound growth rate in personal taxes in March for both years. In addition, in March of 2009 during the global financial crisis, the nation's March personal tax revenue at that time fell by 16% year-over-year.

05/07/2022

China benefits from sanctions against Russia

The week before Russia's invasion of Ukraine, China and Russia agreed to more than $20 billion in coal deals and $117.5 billion in oil and gas deals. China also lifted import restrictions on Russian wheat and barley after the war broke out. Just last week, the Chinese government announced the suspension of tariffs on imported coal starting in May. As Russian coal exports to EU member states are being phased out, this means that Russia, China's second largest coal importer, will benefit further.

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