InnovestX believes that Fed interest rates will remain the same. Not decreasing – not increasing during this period. Including the announcement of starting to reduce QT measures by reducing the sale of bonds from $60 billion per month to $250 billion, but MBS remains the same, a de facto sign of relaxation to the market. This is because long-term bond yields will begin to decline. As a result, the costs of the business sector began to fall. And it can be a positive impact on investment.
However, InnovestX is concerned about three risks: (1) Inflation will not come down easily. This is because high energy prices are starting to raise inflation. And as a result, demand inflation (Demand withdrawal) began to increase. This can be seen from the cost of employment which has started to increase (2) The economy and employment are likely to slow down, including worsening GDP in 1Q21 and the ISM manufacturing sector index which has returned to negative territory. and new job openings (JOLT) which continue to decline, and (3) that US inflation is not easily reduced amid faster falling inflation elsewhere. causing US interest rates It must remain high amid interest rate cuts by other central banks,
Big Rise In Index, Increased Trading 2024-05-06 21:10:45
Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) ended the first working day of the week on Sunday (May 5) with rising indices. On this day, the amount of money traded in DSE and CSE has slightly increased compared to the previous working day. At the same time, the share price of most of the companies and mutual fund units traded on both the stock exchanges rose.
This information is known from DSE and CSE sources.
At the end of the day, the main index of DSE, DSEX, increased by 76.41 points from the previous day and stands at 5,692 points. The DSE Shariah index rose 18.56 points to 1,250 points and the DS30 index rose 25.59 points to 2,333 points.
A total of 401 shares and units of companies were traded on DSE. Among them, the share and unit prices of 259 companies increased, 98 decreased and 44 remained unchanged.
A total of 817 crore 76 lakh shares and units were traded in DSE on this day. Shares and units worth Tk 710 crore 62 lakh were traded on the previous working day.
On the other hand, Chittagong Stock Exchange (CSE) CSCX increased by 108.92 points to 9773 points.
Bowlero Cleared By EEOC In Age Discrimination Case,…
Bowlero Faces Age Discrimination Lawsuits Despite EEOC Case Closure
Despite the Equal Employment Opportunity Commission (EEOC) closing its age discrimination case, Bowlero, the company that owns AMF and Lucky Strike bowling centers, is expected to face lawsuits from former employees. Complaints were filed after Bowlero dismissed employees during a transformation of its locations to more upmarket settings with food and drink offerings. The plaintiffs allege that they were fired because they were too old for the new image the company was trying to portray.
Bowlero denies these allegations but announced in a recent press release that it has received closure notices from the EEOC on individual age discrimination charges that had been filed years earlier. This means claimants have been given an individual right to sue but does not exonerate Bowlero of wrongdoing. The closure does not affect other aggrieved persons’ rights to file private lawsuits or interfere with any potential future civil action by the EEOC.
The EEOC’s investigation showed reasonable cause for 58 complaints out of many pending against Bowlero before it closed its case. Although efforts by the agency last year attempted a $60 million settlement offer which failed in April this year,
The Works Of The Bioceanic Bridge Are More…
Photo Ministry of Public Works and Communications
Assumption, IP Agency.- The Bioceanic Bridge that will connect the cities of Carmelo Peralta, in Paraguay, with the town of Puerto Murtinho, Brazil, has registered a progress of 60.8% to date. The work focuses on the execution of the main structures.
According to the report from the Ministry of Public Works and Communications (MOPC), currently, the work is concentrated on the main piles 13 and 14, as well as the execution of concrete in the piles on the Brazilian side and the completion of piles 12 and 10. on the Paraguayan side.
Soon, the assembly of the beams on the Brazilian side will begin and work will be done to complete the last span in order to complete the deck on the Paraguayan side.
In addition, the work on the access embankment and the collection of materials for the assembly of the segments of the cable-stayed part of the bridge will continue.
This new step is considered the key link of the Bioceanic Route because it will connect two oceans across the Paraguayan Chaco, from the border with Brazil to the border area with Argentina,
OIL COMPANY Madagascar Oil Undermined By Lawsuits
The Tsimiroro heavy oil exploitation site of Madagascar oil
Information is pouring in regarding the completion of the financial restructuring of Madagascar Oil SA. According to our sources, the Supreme Court of the Bermuda Islands approved, on April 2, the financial restructuring proposal presented by the shareholder Benchmark Group. This decision also authorizes the acquisition by the latter of all the shares of Madagascar Oil Ltd, based in Mauritius, holder of 99% of the shares of Madagascar Oil SA. According to information, this Court had already ordered this financial restructuring in February 2023 following a request from a creditor of the parent company of Madagascar Oil SA.
These same sources indicate that during the company’s General Assembly, held a few days later, among the first decisions taken unanimously was the replacement of the General Administrator. Willy Ranjatoelina and Charlie Thurnston are appointed to this function, in accordance with the provisions of the Companies Law in Madagascar. The person concerned is immediately notified by an officer appointed by the Supreme Court of Bermuda, but immediately contests his dismissal and takes the matter to the Commercial Court. Madagascar Oil is far from coming out of the woods.
And as if that were not enough,
New Turbulence In International Trade
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Collective Layoffs And Layoffs Are Soaring, Businesspeople Talk…
#Collective #layoffs #layoffs #soaring #businesspeople #talk #deterioration #economic #situation
These are warning signs that need to be monitored closely. In the first three months of the year, the number of workers covered by collective layoffs almost doubled compared to the same period in 2023, covering 1,549 workers. And in the ‘layoff’ (mechanism that allows companies in difficult situations to temporarily suspend the contract or reduce workers’ hours) the scenario is no longer encouraging. In March this year, 10,827 workers were covered by layoff, more than double the number registered in the same month last year.
Sector associations talk about the impact of war, inflation, and the decline in consumption on day-to-day factory life. “When orders fail and there is no work, companies only have two chances of survival: reduce the number of workers or resort to ‘layoff’”, comments the president of ATP – Associação Têxtil e Vestuário de Portugal, Mário Jorge Machado, in expectation of March export numbers to understand “if there are already some signs of improvement in the near future”.
In the case of footwear,
Interim Managing Director Announced For Einbeck Marketing GmbH:…
Einbeck. In the middle of April, Christoph Bajohr and the Mayor Dr. Sabine Michalek, as chairman of the Einbeck Marketing enterprise community and as chairman of the board of directors as well as deputy chief executive, announced that there would be a change in management at Einbeck Marketing GmbH on July 1. Managing director Sven Schröder has already left the company, Rebecca Siemoneit-Barum will do so in the middle of the year.
It is planned to fill an interim position until December 31 of this year to allow a parallel structural reorientation in the joint development of the city, the economy and politics. The staff are now named.
»We are very happy that we were able to win Christiane Folttmann for this role. Ms. Folttmann has supported Einbeck Marketing for over seven years in the past. She was also the managing director of Einbeck Marketing GmbH recently, so she will bring the necessary experience to support the second half of 2024,” according to a press release from yesterday.
Christiane Folttmann will take up the position on a voluntary basis – in addition to her role as management consultant at Lebenshilfe Einbeck, where she has been working since the end of 2022.
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