• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

孟加里八百里急报:米国好象已终Huat Big Big 了

The stars are perfectly aligned as world top 3 has loosen economic momentum de woh
 

UK Police Make at Least 100 Arrests Over Public Disorder​

  • Rioters have clashed with police, damaged public property
  • Violence presents challenge to month-old Labour government


Police officers face off with protesters in Bristol, on Aug. 3

Police officers face off with protesters in Bristol, on Aug. 3Photographer: Justin Tallis/AFP/Getty Images
By Lucca De Paoli
August 4, 2024 at 5:36 PM GMT+8
Updated on
August 4, 2024 at 7:29 PM GMT+8
Save

At least 100 people have been arrested after far-right protests descended into rioting this weekend in England and Northern Ireland, with police warning that the violence may not be over.

Disturbances have broken out in towns and cities including Blackpool, Belfast and Bristol since Friday night, with a number of police officers attacked and injured. The riots represent one of the biggest challenges facing the month-old Labour government, as it struggles to rein in the unrest.
It is summer. UK riots season normally during summer.
 

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple​

Published Sat, Aug 3 20248:22 AM EDTUpdated Moments Ago
thumbnail

Yun Li@YunLi626
WATCH LIVE
In this article
Follow your favorite stocksCREATE FREE ACCOUNT
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.
David A. Grogan
Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor.
The Omaha-based conglomerate disclosed in its earnings filing that its holding in the iPhone maker was valued at $84.2 billion at the end of the second quarter, suggesting that the Oracle of Omaha offloaded a little more than 49% of the tech stake. Even after the selling Apple remains the largest stock stake by far for Berkshire.

The Apple share sale comes amid a broader pattern of selling by Buffett in the second quarter as Berkshire unloaded more than $75 billion in equities in the period, raising the conglomerate’s cash fortress to a record $277 billion.
Buffett had trimmed the Apple stake by 13% in the first quarter and hinted at the Berkshire annual meeting in May that it was for tax reasons. Buffett noted that selling “a little Apple” this year would benefit Berkshire shareholders in the long run if the tax on capital gains is raised down the road by a U.S. government wanting to plug a climbing fiscal deficit.
 
The stars are perfectly aligned as world top 3 has loosen economic momentum de woh
US is destroying the world Economic order by ordering its allies not to deal with rival hegemon.
China is a super huge market but western. Companies have been asked to withdraw from it. European companies particularly made huge profits last 30 years dealing with china.
 

Intel has worst day on Wall Street in 50 years, falls to lowest price in over a decade​

Published Fri, Aug 2 20244:38 AM EDTUpdated Fri, Aug 2 20244:15 PM EDT
thumbnail

Jordan Novet@jordannovet
thumbnail

Arjun Kharpal@ArjunKharpal
WATCH LIVE
Key Points
  • Intel shares had their biggest drop since 1974 on Friday after the chipmaker reported a big miss on earnings in the June quarter and said it would lay off more than 15% of its employees.
  • The stock is trading at its lowest since 2013.
  • Asian names including Samsung and TSMC closed lower, with European chip firms such as ASML also dropping.
 
US is destroying the world Economic order by ordering its allies not to deal with rival hegemon.
China is a super huge market but western. Companies have been asked to withdraw from it. European companies particularly made huge profits last 30 years dealing with china.
Creative Destruction...顺便throw Nippon Kia under the bus...time to cut the rope :)
 

Hamas’s leader is dead, Iran vows revenge: can anything stop all-out war in the Middle East?​

The assassination of a Hamas leader in Tehran humiliated Iran’s leaders, dashed hopes of a ceasefire and left the heavily armed nations of the Middle East moving inexorably closer to an all-out war they all claim not to want
Simon Tisdall
Sun 4 Aug 2024 01.00 EDT

If Iran’s newly elected president, Masoud Pezeshkian, was hoping for a honeymoon period after his inauguration last week, he must be sadly disappointed. Less than 12 hours after Pezeshkian was sworn in, an explosion, reportedly caused by a remotely controlled bomb, shook an Islamic Revolutionary Guard Corps (IRGC) compound in central Tehran. The target: Ismail Haniyeh, Hamas’s political leader, an honoured guest at the inauguration, and one of the Middle East’s most wanted. The bomb under the bed killed Haniyeh instantly. Honeymoon over.
 
Pezeshkian was the surprise winner of last month’s presidential election. Edging out a conservative hardliner favoured by Ayatollah Ali Khamenei, Iran’s supreme leader, he promised to repair tattered ties with the US and Europe. Many hoped his victory would herald a more open, more progressive era and defuse social tensions, especially over the enforced wearing of the hijab, which triggered huge unrest under his predecessor, Ebrahim Raisi.

The Haniyeh assassination, attributed to Israel and not denied in Jerusalem, has scrambled all those hopes. Pezeshkian finds himself in the eye of an international storm that analysts warn could lead to all-out war, engulfing the Middle East.

Infuriated by an audacious attack that humiliated him, his country and its elite armed forces, Khamenei – Iran’s ultimate authority – is said to have ordered preparations for direct military retaliation against Israel. Avenging Haniyeh’s death was “our duty”, Khamenei said. Pezeshkian had no choice but to meekly go along. Now the world waits to see what Iran will do. So much for a fresh start.

The Middle East has frequently tottered on the brink of catastrophe in the fraught months since Hamas’s 7 October attacks, launched on Israel from Gaza, that killed about 1,200 people.

In April, after Israel assassinated top IRGC commanders at Iran’s consulate in Damascus, Iran fired hundreds of missiles and drones in its first head-on attack on Israel since the 1979 revolution.

An ad hoc international coalition comprising the US, UK, French, Saudi and Jordanian airforces helped Israel intercept and destroy most of the projectiles, but it was a close-run thing.
 

Israel-Iran Conflict LIVE: Foreign Citizens Urged To Leave Lebanon As US, Israeli Officials Warn Of Potential Iranian Attack​

Curated By: Rohit
News18.com
Last Updated: August 04, 2024, 16:57 IST

Israel-Iran Conflict LIVE Updates: Tensions soared in the Middle East as Iran and its allies readied their response to the assassination of Hamas leader Ismail Haniyeh, spurring fears of a regional war.

The US said it would move warships and fighter jets to the region, while the West called on their citizens to leave Lebanon — where the powerful Iran-backed Hezbollah movement is based — and airlines cancelled flights.

The killing of Haniyeh this week in Tehran, hours after the Israeli assassination of Hezbollah’s military chief in Beirut, has triggered vows of vengeance from Iran and its allies. Iran-backed groups from Lebanon, Yemen, Iraq and Syria have already been drawn into the nearly 10-month war between Israel and Hamas in Gaza.

Israel on Saturday again traded fire with Hezbollah, carried out a deadly raid in the occupied West Bank, and struck a school compound in Gaza City in an attack that the Hamas-ruled territory’s civil defence agency said killed at least 17 people.

Hezbollah said it had launched dozens of Katyusha rockets on Beit Hillel in northern Israel in response to attacks on Kfar Kela and Deir Siriane in Lebanon.
 

Netanyahu warns Iran: We are ready, we’ll exact a heavy price for any aggression​

PM tells cabinet Israel striking hard against Iranian’s ‘axis of evil,’ is prepared for any offensive or defensive scenario; Gallant: Israel is ‘prepared very strongly’ for any attack​

By ToI StaffToday, 4:36 pmUpdated at 4:49 pm
Prime Minister Benjamin Netanyahu speaks from the IDF Kirya headquarters in Tel Aviv, July 31, 2024. (Screenshot)
Prime Minister Benjamin Netanyahu speaks from the IDF Kirya headquarters in Tel Aviv, July 31, 2024. (Screenshot)


As Israel waits for an expected strike by Iran, Prime Minister Benjamin Netanyahu on Sunday declared that the country is ready for anything and will hit back hard if attacked.

“We are prepared for any scenario – both offensively and defensively,” Netanyahu said at the start of the weekly cabinet meeting at the Prime Minister’s Office in Jerusalem, according to a statement from his office.

Iran has threatened to respond after Hamas terror group leader Ismail Haniyeh was assassinated in Tehran on Wednesday, a day after senior Hezbollah commander Fuad Shukr was killed in Beirut.
 
Iran has already launched a direct attack on Israel in April following the killing of two senior Iranian generals in a strike on Damascus that Tehran blamed on Israel. The Iranian attack was thwarted by Israeli air defense in cooperation with US-coordinated regional forces. The US is reportedly trying to again build the alliance to fend off the expected Iranian attack.
 

Report: Iran plans to carry out retaliatory strike on Israel on Tisha B’Av, August 12-13​

By Gianluca Pacchiani
Follow
Today, 4:00 pm

Unnamed Western intelligence sources quoted by the UAE-owned Sky News Arabia indicate that Iran and Hezbollah plan to launch their retaliatory strike against Israel on Tisha B’av, the day of mourning for the destruction of the two Jewish temples, which begins this year at sunset on August 12 and ends on August 13 at nightfall.

The sources indicate that the choice of the day is due to several psychological and tactical considerations. It may aim to revive historical traumas for Jews of destruction and uprooting, thereby amplifying the psychological impact of the attack on Israeli society.

To Muslim audiences receptive to Iran and Hezbollah’s narrative, an attack on Tisha B’Av would signal that Israel is vulnerable to destruction, the way Jews have historically been, the sources add.

A large-scale attack on a day of religious significance may also exploit Israel’s lowered defenses and “increase the state of chaos,” the way Egypt did with its surprise attack on Yom Kippur in 1973, the sources add.
 

U.S. to send more warships, fighter jets to Middle East to bolster defenses​

By Phil Stewart and Idrees Ali
August 3, 202410:14 PM GMT+8Updated a day ago



A F/A-18E Super Hornet fighter jet is catapulted off the flight deck of the USS Dwight D. Eisenhower (CVN 69) aircraft carrier in Southern Red Sea, Middle East




Item 1 of 2 File photo: A F/A-18E Super Hornet fighter, USS Dwight D. Eisenhower, Red Sea, February 13, 2024. REUTERS/Hamad I Mohammed
[1/2]File photo: A F/A-18E Super Hornet fighter, USS Dwight D. Eisenhower, Red Sea, February 13, 2024. REUTERS/Hamad I Mohammed Purchase Licensing Rights, opens new tab

WASHINGTON, Aug 2 (Reuters) - The U.S. military will deploy additional fighter jets and Navy warships to the Middle East, the Pentagon said on Friday, as Washington seeks to bolster defenses following threats from Iran and its allies Hamas and Hezbollah.

The U.S. is bracing for Iran to make good on its vow to respond to the killing of Hamas leader Ismail Haniyeh two days ago in Tehran - one in a series of killings of senior figures in the Palestinian militant group as the war between Israel and Hamas in Gaza rages.
 
Many people told me that USA F-35 is very powerful. I want to know whether Singapore has any of them
 
Many people told me that USA F-35 is very powerful. I want to know whether Singapore has any of them
F35 is stealth fighter...so it is normal that people cannot see de woh, right Boss John?
 
Private Credit Boom:
Why It’s BoomingHow It Got So BigBanking Escapees Make BillionsJPMorgan’s TradesFlawed Valuations
-1x-1.jpg

Illustration: Patrick Leger
Business
The Big Take

Private Credit Fund Burned by Risky Bets Is Bleeding Cash​

As Prospect Capital faces a surge in troubled borrowers paying interest with more debt, concerns over the fund’s finances are growing louder.


By John Sage and Ellen Schneider
August 7, 2024 at 5:00 AM GMT+8
Save
Prospect Capital, a little-known New York firm that helped pioneer the private credit boom, has come up with an unusual technique to keep dividends flowing out of an $8 billion fund it runs.

For years now, it’s sold financial instruments to retail investors and handed over the proceeds to shareholders.

The sales helped the fund deliver hefty payouts even as the performance of its investments — mostly corporate loans to mid-size companies and real estate — deteriorated markedly.

But they’ve also long raised concerns among some analysts who say the strategy obfuscates returns and is unsustainable.
https://www.bloomberg.com/tips/
 

DBS’s Next CEO Won’t Enjoy the View From the Peak​

The June quarter profit may be as good as it gets. Tan Su Shan will ride the rates rollercoaster down.

August 7, 2024 at 6:30 PM GMT+8
Updated on
August 8, 2024 at 9:05 AM GMT+8
By Andy Mukherjee

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.


It won’t last.

It won’t last.
Photographer: Suhaimi Abdullah/Bloomberg
Save

DBS Group Holdings Ltd.’s better-than-expected profit is a snapshot of the global interest-rate rollercoaster at its highest point. Investors should savor the sight from the peak. It won’t last.

The net interest income on commercial lending rose to almost as high as S$3.8 billion ($2.8 billion) in the June quarter. That’s 88% more than what the Singapore-based lender was making on advances before the US Federal Reserve began increasing interest rates in March 2022 from nearly zero. The target fed funds rate is currently 5.25% to 5.5%.
 
Back
Top