Second-row Emerald Bay home in Laguna Beach sells privately for $25 million:
ocregister.com/2023/12/06/second-row-emerald-bay-home-in-laguna-beach-sells-privately-for-25-million/
Story Details
| Last Updated | Dec 10 23 |
| Total Articles | 1 |
More articles on this subject
Previous
Reduce, reuse, resale : Sunnyvale nonprofit supplies leftover fabric, craft supplies at affordable costs
mercurynews.com/2024/04/26/reduce-reuse-resale-sunnyvale-nonprofit-supplies-leftover-fabric-craft-supplies-at-affordable-costs/
Quick Glance: Efficient Use of Excess Fabrics and Craft Supplies by Nonprofit in Sunnyvale
- Every year, significant amounts of fabric waste end up in Americans' trash cans, resulting in a substantial burden of 92 million tons of global textile waste.
- In Sunnyvale, a nonprofit organization is dedicated to reducing this amount while also supporting local crafters.
- Through weekly donations from dozens of showrooms at the San Francisco Design Center and community members, FabMo saves approximately 70 tons of material from the landfill each year.
- The organization provides locals with a sustainable way to utilize materials, including aspiring textile and fiber artists or teachers in need of craft supplies.
Popular restaurant chain filing for bankruptcy, closing all locations: The market and kitchen locations achieved considerable growth over the past several years.
sacbee.com/news/business/article287945855.html
The state of California has opened its huge new Sacramento office complex. Take our tour
sacbee.com/news/politics-government/the-state-worker/article288031985.html
California’s largest state development unveiled in Sacramento, honors legendary state worker
sacbee.com/news/local/article287984050.html
Couple accidentally sent cat in Amazon package, arrived 6 days later: Galena, a Utah cat, was found in a California Amazon warehouse after being accidentally ...
businessinsider.com/couple-accidentally-sent-cat-amazon-package-arrived-6-days-later-2024-4
China warns Blinken relations with US could go on a 'downward spiral': The US top diplomat Antony Blinken paid his second visit to the country in less than a ...
lemonde.fr/en/united-states/article/2024/04/26/china-warns-blinken-relations-with-us-could-go-on-a-downward-spiral_6669578_133.html
Quick Glance: Xi and Blinken Clash Over China's Backing to Russia
- Xi orders China’s biggest military reorganisation since 2015.
- He emphasizes that China is not afraid of competition as long as it is based on common progress.
- China is willing to cooperate with the US, provided it is mutual.
- A five-point consensus was reached to stabilize relations between the two countries.
California college cancels graduation ceremony as protests over Israel's war in Gaza continue
bbc.com/news/world-us-canada-68894386
Tesla notifies thousands in Texas and California of impending layoffs: Tesla let thousands of employees in two states — California and Texas — know it will be ...
foxbusiness.com/technology/tesla-notifies-thousands-texas-california-impending-layoffs
20 least-affordable US cities to buy a home are all in California: A California home costs 8.4 times income ($765,197 vs. $91,551) compared to 4 ...
ocregister.com/2024/04/26/20-least-affordable-us-cities-to-buy-a-home-are-all-in-california/
What to read about the history of California: Five books that help explain the power and problems of the Golden State
economist.com/the-economist-reads/2024/04/25/what-to-read-about-the-history-of-california
Chart: How much more will it cost you to own vs. to rent a home in the South Bay: Overall, the study found that it is more affordable to rent than to buy in all ...
mercurynews.com/2024/04/26/chart-how-much-more-will-it-cost-you-to-own-vs-to-rent-a-home-in-the-south-bay/
It looks like mid-winter at Lake Tahoe ski resorts. See the spring snow, conditions
sacbee.com/news/weather-news/article288064265.html
California schools may be required to provide kosher and halal meals: Schools with 5% of its population requesting kosher and halal diets would be required to ...
ocregister.com/2024/04/25/california-schools-may-be-required-to-provide-kosher-and-halal-meals/
Only 360 of these whales remain. Video shows newborn ‘vital’ to recovery of species
sacbee.com/news/nation-world/national/article288025630.html
New California rule aims to limit health care cost increases to 3% annually: A new rule in California aims to limit health care price increases to just 3% each ...
apnews.com/article/california-health-care-costs-target-cap-0aefad8c177ed3e0447dc4e17258be08
PG&E CEO defends rising electricity bills as profits increase: Pacific Gas and Electric Co. announced a 28% rise in profits in the first quarter of 2024 compared ...
sfchronicle.com/climate/article/pge-earnings-19418124.php
In-N-Out Burger plans second WA location: The California fast-food chain has proposed a second restaurant in Clark County, with 84 indoor seats ...
columbian.com/news/2024/apr/23/in-n-out-proposes-second-clark-county-location-in-east-vancouver/
Quick Glance: In-N-Out Proposes Second Location in Clark County's East Vancouver
- In-N-Out has proposed a new location in Clark County to meet the growing demand in East Vancouver, as indicated by the pre-planning documents submitted.
- The proposed property currently hosts a vacant Rite Aid building and is set to make room for a modern development with a new restaurant if the planning application is approved.
- The plans include a spacious building accommodating 84 guests, along with a well-designed drive-thru lane for 30 cars and ample parking spaces for 74 vehicles.
- In addition to the stucco building, the restaurant will feature a patio with seating and will operate from 10:30 a.m. until midnight on weekdays and until 1:30 a.m. on weekends.
Insurers' climate alliance relaunches after member exodus: A global insurance coalition intended to help curb the sector's greenhouse gas emissions has ...
reuters.com/sustainability/climate-energy/insurers-climate-alliance-relaunches-after-member-exodus-2024-04-25/
Why Your Vet Bill Is So High: Corporations and private-equity funds have been rolling up smaller chains and previously independent practices.
theatlantic.com/ideas/archive/2024/04/vet-private-equity-industry/678180/
Sage Vegan Bistro owner faces backlash after going un-vegan: When chef Mollie Engelhart took to social media to announce that Sage Vegan Bistro would start ...
latimes.com/food/story/2024-04-24/sage-vegan-bistro-no-longer-vegan-backlash
Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
Google parent Alphabet reclaims spot in $2 trillion valuation club: Alphabet breached the $2 trillion market value mark for the first time since November 2021 on ...
reuters.com/technology/google-parent-alphabet-reclaims-spot-2-trillion-valuation-club-2024-04-26/
German unemployment seen rising to highest level in almost a decade: Germany's economic weakness is finally taking a toll on the labour market ...
reuters.com/markets/europe/german-unemployment-seen-rising-highest-level-almost-decade-2024-04-26/
India's IndiGo places first-ever widebody order for 30 Airbus A350 jets: IndiGo, India's top airline by market share, placed an order with Airbus for 30 A350-900 ...
reuters.com/business/aerospace-defense/indias-indigo-places-order-30-airbus-widebody-aircraft-2024-04-25/
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
Centene's concerns over Medicare market dull Q1 profit beat: Centene said on Friday its Medicare insurance business would face several challenges next year ...
reuters.com/business/healthcare-pharmaceuticals/centene-raises-2024-profit-forecast-strength-commercial-plans-2024-04-26/
Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
These asparagus farmers are in the Rems-Murr district - Amazing things from Beinstein
zvw.de/rems-murr-kreis/diese-spargelbauern-gibts-im-rems-murr-kreis-erstaunliches-aus-beinstein_arid-806947
Paid articlePaid
Bank of Japan keeps rates steady, tweaks JGB-buying language: The Bank of Japan kept its short-term rates steady on Friday while removing a reference to the ...
reuters.com/markets/asia/bank-japan-keeps-rates-steady-tweaks-jgb-buying-plan-2024-04-26/
Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
Beijing auto show: Foreign automakers eager for Chinese partners: Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking ...
reuters.com/business/autos-transportation/foreign-automakers-eager-chinese-partners-beijing-auto-show-2024-04-26/
Insight: Why BYD's EV exports sell for twice the China price: U.S. and European politicians have raised alarms that their domestic auto industries could be ...
reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/
Russia's Yandex reports Q1 revenue rise as market awaits spin-off news: Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228 ...
reuters.com/technology/russias-yandex-reports-q1-revenue-rise-market-awaits-spin-off-news-2024-04-26/
T Rowe's quarterly profit beats estimates on tailwinds from market rally: T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted ...
reuters.com/business/t-rowes-quarterly-profit-beats-estimates-tailwinds-market-rally-2024-04-26/
Chinese Bond Funds Are Limiting Inflows Amid Buying Frenzy: A growing number of fixed-income funds in China is setting limits on investor inflows ...
bloomberg.com/news/articles/2024-04-26/china-funds-step-up-efforts-to-cool-bond-buying-as-yields-slide
New ASML boss Fouquet must navigate US/China chip war: ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech ...
reuters.com/technology/new-asml-boss-fouquet-must-navigate-uschina-chip-war-2024-04-25/
Spain's Bankinter takes on Irish banks with deposit move: Bankinter said on Friday it was applying for a full Irish banking licence and entering the deposit ...
reuters.com/business/finance/spains-bankinter-takes-irish-banks-with-deposit-move-2024-04-26/
Beijing auto show: Themes and highlights: China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs) ...
reut.rs/3Wbqi6f
Electrolux Q1 loss nearly triples on weak demand but beats expectations: Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor ...
reuters.com/business/retail-consumer/electrolux-q1-loss-nearly-triples-weak-demand-beats-expectations-2024-04-26/
Vietnam delays launch of new stock trading system: Vietnam will delay the launch of the much-expected new stock trading system initially slated for next week ...
reuters.com/markets/asia/vietnam-delays-launch-new-stock-trading-system-2024-04-26/
Hong Kong March home prices up 1.1%, first rise in nearly a year: Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1 ...
reuters.com/markets/asia/hong-kong-march-home-prices-up-11-first-rise-nearly-year-2024-04-26/
Quick Glance: Hong Kong Real Estate Market: Price Recovery in March
- In March, Hong Kong's real estate market saw a price recovery after the financial city lifted restrictions to boost the ailing market.
- Prices dropped by 1.8% in the first quarter, following a 20% decline from their 2021 peak due to higher mortgage rates and a weak market outlook.
- Nevertheless, prices are expected to remain subdued as property developers rushed to introduce new sales with discounts of up to 30%, attracting buying interest from the secondary market.
- A recent report by real estate agency Ricacorp revealed that 30% of transactions for second-hand homes were sold at a loss in the first quarter, with this trend likely continuing into the second quarter.
Q1 US GDP shows surprise slowing and uncomfortable inflation: U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot ...
reuters.com/markets/us/view-q1-us-gdp-shows-surprise-slowing-uncomfortable-inflation-2024-04-25/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Beijing auto show: Themes and highlights: China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs) ...
reuters.com/business/autos-transportation/beijing-auto-show-themes-highlights-2024-04-26/
Oil prices on track to snap two-week losing streak: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U ...
reuters.com/markets/commodities/oil-prices-rise-us-official-eases-market-concerns-over-economic-headwinds-2024-04-26/
BHP’s Bold $39 Billion Bid to Transform the Mining Landscape: BHP, the world's largest mining firm, has launched a $39 billion acquisition bid for its ...
riotimesonline.com/bhps-bold-39-billion-bid-to-transform-the-mining-landscape/
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Intel forecasts second-quarter revenue below estimates: Intel forecast second-quarter revenue below market estimates on Thursday, as it faces weak demand for its ...
reuters.com/technology/intel-forecasts-second-quarter-revenue-below-estimates-2024-04-25/
Microsoft Smashes Earnings Expectations—Stock Up 5%: The world’s largest company continues to impress Wall Street.
forbes.com/sites/dereksaul/2024/04/25/microsoft-smashes-earnings-expectations-stock-up-5/
Toronto market ends higher as commodity prices climb: Canada's main stock index ended higher on Thursday, clawing back its earlier losses ...
reuters.com/markets/tsx-futures-fall-downbeat-earnings-2024-04-25/
Quick Glance: Toronto Market Rises with Surging Commodity Prices
- The Toronto Stock Exchange ended higher as higher commodity prices offset earlier losses.
- The Toronto Stock Exchange's S&P/TSX composite index rose by 11.66 points, or 0.1%, to 21,885.38.
- The materials group, including metal miners and fertilizer companies, surged by 2.2% as gold and copper prices climbed.
- Bombardier obtained an exemption from recent Canadian sanctions on Russian titanium, leading to an 8.3% increase in shares.
Comcast tops revenue estimates on streaming growth, strong park attendance: Comcast beat quarterly revenue estimates on Thursday driven by higher-than-expected ...
reuters.com/business/media-telecom/comcast-tops-revenue-estimates-streaming-growth-strong-park-attendance-2024-04-25/
In Michael Kors, Coach merger challenge, FTC’s case is not in the bag: When it comes to handbags, there’s a sweet spot for sensible middle-aged people like me: ...
reuters.com/legal/government/column-michael-kors-coach-merger-challenge-ftcs-case-is-not-bag-2024-04-25/
Toyota pilots EV pickup trucks in key Thai market: Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in ...
reuters.com/business/autos-transportation/toyota-pilots-ev-pickup-trucks-key-thai-market-2024-04-25/
These law schools dominated the federal clerk hiring market in 2023: The University of Chicago Law School is back at No. 1 on the list of law schools that sent ...
reuters.com/legal/government/these-law-schools-dominated-federal-clerk-hiring-market-2023-2024-04-25/
AstraZeneca leaps after smashing first-quarter forecasts: AstraZeneca sailed past market expectations for quarterly revenue and profit on Thursday ...
reuters.com/business/healthcare-pharmaceuticals/astrazeneca-beats-first-quarter-revenue-profit-estimates-2024-04-25/
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labor market conditions. Show more
The US Treasury Secretary Janet Yellen said the outright seizure of Russian assets is justifiable but is only one possibility ...
reut.rs/4aNryAX
Cathrin Bökenfeld brings a breath of fresh air to the weekly market at the castle park
gn-online.de/bentheim/cathrin-boekenfeld-bringt-frischen-wind-in-wochenmarkt-am-schlosspark-535806.html
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates
- The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.
- GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.
- Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.
- Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.
A brutal elimination round is reshaping the world’s biggest market for electric cars
cnn.com/2024/04/24/business/china-ev-industry-competition-analysis-intl-hnk/
PROF FRANCIS PETERSEN | Expand post-school choices: university should not be the only path to success
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-04-24-prof-francis-petersen-expand-post-school-choices-university-should-not-be-the-only-path-to-success/
Chipotle: California minimum wage increased menu prices about 7 percent: Chipotle increased menu prices by about 7% because of the minimum wage increase in ...
businessinsider.com/chipotle-california-minimum-wage-pushed-menu-prices-2024-4
Paid articlePaidQuick Glance: Chipotle lifts annual sales forecast despite uncertainties
- Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.
- The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.
- Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.
- Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
TikTok ban puts jobs of thousands of US workers in jeopardy, California senator warns
politico.com/news/2024/04/24/tiktok-ban-california-butler-00154258
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Tesla plans huge Bay Area job cuts, including at Fremont car factory: Tesla has decided to slash well over 2,700 Bay Area jobs, including layoffs at the ...
mercurynews.com/2024/04/24/tesla-economy-jobs-layoff-electric-car-green-energy-tech-economy-musk/
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
Saying goodbye to the Burger Pit, another classic San Jose joint: As the last restaurant of the once-large chain closes its doors after 71 years ...
mercurynews.com/2024/04/23/saying-goodbye-to-the-burger-pit-another-classic-san-jose-joint/
Quick Glance: Farewell to Burger Pit: A Final Day of Memories
- Kevin Ashford arrived at 9 a.m. on Tuesday, the first in line for the Burger Pit's last day on Blossom Hill Road.
- The Burger Pit, the last location of the iconic South Bay chain, ran out of takeout containers, milkshakes, and phone service on Monday.
- Over 30 people had gathered in line by 11 a.m., an hour before the final opening, eager to witness the depletion of supplies.
- Memories made at family restaurants like these are not listed next to steaks, salads, and burgers on the menu. They are the true main courses.
Is California really a high-tax state? New findings question that claim
sacbee.com/news/business/personal-finance/article287936195.html
Two Powerball players just miss $103 million jackpot — but still win big in US
sacbee.com/news/nation-world/national/article287879820.html
Gov. Gavin Newsom introduces bill to allow Arizona doctors to perform abortions in California
nbcnews.com/politics/politics-news/gov-gavin-newsom-introduces-bill-allow-arizona-doctors-preform-abortio-rcna149226
Bay Area Olympic champion Kristi Yamaguchi gets her own Barbie doll: Kristi Yamaguchi, a figure skating star from the Bay Area, has inspired a Barbie doll in her ...
sfchronicle.com/entertainment/article/kristi-yamaguchi-barbie-doll-19420317.php
Quick Glance: Olympian Kristi Yamaguchi Honored with Barbie Doll for AAPI Heritage Month
- Mattel has released a new doll in the famed figure skater Kristi Yamaguchi's likeness that pays homage to her victorious performance at the 1992 Olympics.
- Timed for Asian American and Pacific Islander Heritage Month in May, the doll features details like Yamaguchi's gold ribbon in her hair, her celebratory bouquet, and white skates.
- Kristi Yamaguchi, the first Asian American woman to win an Olympic gold medal in figure skating, has transitioned her success into becoming a bestselling author and advocate for children's literacy.
- The toymaker's latest launch is part of its Inspiring Women Series, honoring remarkable heroines and empowering young girls to dream bigger.
Disneyland adds another potential themed land to the mix: Encanto: A themed land based on the charmed and hidden mountain town of Encanto in Colombia is the ...
ocregister.com/2024/04/24/disneyland-adds-another-potential-themed-land-to-the-mix-encanto/
California’s largest state development unveiled in Sacramento, honors legendary state worker
sacbee.com/news/local/article287984050.html
Tesla Devil’s Slide crash: Hearing begins over accused driver’s potential admission into mental health diversion program
mercurynews.com/2024/04/24/tesla-devils-slide-crash-hearing-begins-over-accused-drivers-potential-admission-into-mental-health-diversion-program/
Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Microsoft's AI lead puts Amazon cloud dominance on watch: Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on ...
reuters.com/technology/microsofts-ai-lead-puts-amazon-cloud-dominance-watch-2024-04-24/
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Shopping for ‘the classics’: Why the pre-owned luxury watch market is thriving: What’s old is new again, and the longstanding phrase couldn’t be more apropos ...
cnn.com/2024/04/24/style/luxury-pre-owned-watches/
Meta shares sink on higher AI spending, light revenue forecast: Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and ...
reut.rs/44hescF
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Microsoft-backed Rubrik prices US IPO above range at $32/shr: Rubrik , the cybersecurity software startup that counts Microsoft among its investors ...
reuters.com/markets/deals/microsoft-backed-rubrik-prices-ipo-above-range-32-per-share-source-says-2024-04-24/
VinFast chief plans to invest $1 billion more from his fortune in EV maker: Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 ...
reuters.com/markets/asia/vinfast-chief-planning-invest-another-1-billion-his-fortune-ev-maker-2024-04-25/
South Korea prepares new monitoring system to detect illegal stock short selling: South Korea's financial market watchdog said on Thursday it had prepared a new ...
reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
Quick Glance: South Korea introduces monitoring system to curb illegal stock short selling
- South Korea's financial market watchdog has developed a new monitoring mechanism to detect illegal short-selling transactions in the stock market. Institutional investors will be electronically processed and filtered through a central detection system to prevent illegal trades.
- South Korea has made various reform efforts to address the 'Korea discount' in the stock market, where domestic companies have lower valuations compared to global peers due to factors like low dividend payouts and opaque governance structures.
- Last November, South Korea imposed a sudden ban on short selling of shares for the first half of the year after discovering illegal trades by foreign investment banks. Authorities stated that the ban would remain until adequate measures are in place to prevent such practices.
- The FSS aims to implement the new monitoring system swiftly after finalizing it, although no specific date was provided for the implementation.
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics