bloomberg
The world of investment is a complex labyrinth filled with myriad opportunities and pitfalls. One of the most common misconceptions is the belief in the ability to time the market perfectly. However, an old Wall Street adage states, “The stock market timing hall of fame has zero members.” This statement underscores the futility of predicting market movements with absolute certainty. A compelling case against market timing was presented in a Bloomberg article published 19 months ago. The article reported a survey of 112 professional economists, all predicting a recession within the next 12 mont...
Due
The Hong Kong government has condemned Britain’s public service broadcaster over “smearing” the Beijing-imposed security law in an article about the sentencing of 12 Hongkongers convicted of rioting. Published on Saturday, the news piece from the British Broadcasting Corporation (BBC) reported on the sentencing of 12 Hongkongers over the 2019 storming of the city’s legislature, a milestone event during the protests and unrest that year. They received jail terms ranging between 54 and 82 months on Saturday morning. After covering the court case, the article mentioned the national security law, ...
Hong Kong Free Press
Beijing has condemned an editorial by US newspaper The Washington Post on Hong Kong’s “painful descent into authoritarian repression” with the legislation of a new security law, accusing the outlet of “ignorance and double-standards” on Hong Kong affairs. In an editorial published on Monday, The Washington Post mentioned the landmark national security trial involving 47 high-profile Hong Kong democrats. The 47 were charged under a Beijing-imposed security law on February 28, 2021, over their roles in an opposition primary in July 2020 to select candidates who would help the pro-democracy camp ...
Hong Kong Free Press
International news outlet Bloomberg has admitted an error in reporting that Hong Kong planned to ban some social media under its new security law, as the government condemned the “false report” and denied any such intention. The government on Wednesday night issued a statement saying it “strongly disapproves of and condemns false reports by Bloomberg” on Basic Law Article 23 legislation – a homegrown security law now being drafted that is separate from the Beijing-imposed national security law already in force. The government said Bloomberg’s headlines published earlier on Wednesday – which it...
Hong Kong Free Press
Bloomberg is in the spotlight for an article published Saturday that suggested American people should spend more and borrow money. The piece was ridiculed on Twitter by Sen. Ted Cruz’s advisor Omni Ceren and by other users on the social media platform. Q3 2021 hedge fund letters, conferences and more Bloomberg GaffeAn article titled “For Americans Shocked by Inflation, Argentines Have Some Advice,” written by reporters Ignacio Olivera Doll and Patrick Gillespie, incensed a set of Twitter users after suggesting that people should spend their paycheck straightaway on food and other family basket...
ValueWalk
A new analysis revealed that former President Donald Trump’s net work has decreased from $3 billion to $2.3 billion over the last few years. That’s approximately $700 million in the years between becoming president to losing his re-election bid. What’s Trump’s Net Worth?According to Bloomberg, the pandemic has hurt his hospitality and real estate business. Even though Trump’s properties are valued at $1.7 billion, he has more than $256 million in commercial real estate debt. Bloomberg called The Trump Organization’s financial stake in resorts and hotels to be in “sad” shape. It has dropped 42 ...
uInterview.com
Nintendo could model their future success on Apple's iPhone.Rather than bring out a new console every five years, the gaming company are considering building on their ever popular Switch console for future releases.Toan Tran, investment manager at 10 West Advisors, told Bloomberg: "With every console generation, the install base resets to zero and their earnings power essentially resets to zero. They can continuously have an install base of say 100 million consoles out there, that just moves along over time."It comes after it was claimed Nintendo would "need never again reset to zero".Back in ...
BANG Showbiz English
Washington (AFP) - Billionaire Mike Bloomberg will spend at least $100 million to boost Democratic candidate Joe Biden's prospects in Florida, a battleground state that could sway the presidential election's outcome, US media reported Sunday.The former New York mayor made the decision after President Donald Trump announced earlier in the week he is prepared to spend part of his own fortune on his reelection campaign, according to The Washington Post which cited Bloomberg advisors.Trump, who won Florida in 2016, is counting on strong Republican turnout in his adopted home state this go-around."...
AFP
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