U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion federal debt ceiling and as a rebound in regional bank shares eased concerns about an escalation in the sector's troubles.
President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday reiterated their determination to strike a deal soon to raise the debt ceiling and avoid an economically catastrophic default.
If an agreement is not reached by June 1, the U.S. Treasury has said it could begin to run out of funds to pay the government's bills, potentially igniting a recession.
A jump in regional bank shares lifted sentiment, led by a 10.19% surge in Western Alliance Bancorp a day after the bank said deposits grew by more than $2 billion in the quarter ended May 12.
May 18 (Reuters) - Grab Holdings Ltd beat first-quarter revenue estimates on Thursday, driven by growth in its core rideshare and food-delivery businesses.
Revenue more than doubled to $525 million in the quarter ended March, inching past analysts' estimate of $504.3 million, according to Visible Alpha.
While Grab shares dropped more than 3% in premarket trading.
Grab dropped coz 1Q23 results showed confirmed future impairment due to reduction in partner and customer incentives.
Cut incentives and cut advertising means cut kuku means Grab in future 100% sure die. Thats why most investors dumped Grab immediately. Investors dumped huge drop of 12% due to Grab bleak future.
Ohhh Ular, you Sifu i3 lurker said why Grab prices were dropping… Ular Sifu i3 lurker very Panlai ahhhh.
Posted by i3lurker > May 19, 2023 12:40 AM | Report Abuse
Grab dropped coz 1Q23 results showed confirmed future impairment due to reduction in partner and customer incentives.
Cut incentives and cut advertising means cut kuku means Grab in future 100% sure die. Thats why most investors dumped Grab immediately. Investors dumped huge drop of 12% due to Grab bleak future.
You all see Sslee, said Insas is worth keeping for long term. Bla bla bla… Now his true colours already shown here… he sold a few Insas to buy Petronm. Haha Insas 29 top shareholders acting no much confidence in Insas??? DO NOT JUDGE A PERSON BASED ON HIS WORDS. YOU JUDGE A PERSON BASED ON HIS ACTIONS…
Posted by Sslee > May 19, 2023 6:01 AM | Report Abuse 静而不争,得之我幸,失之我命,万事随缘。 Sold some of my Insas to buy Petronm.
Hahaha... Mikey cannot sleep ke? Feeling the heat after being revealed your lies and con. Cut and paste and post so many times ke? And then accused me of seeking attention? Who? You or me? Yesterday, I have a good evening and night with family and friends. While you were frantic spewing garbage trying to act as if you were smart and desperately seeking attention. Your actions speak louder than your words. Hahaha.
One JSB enough to make more than your three PA, JKGLand and RGTech. I don't even need to promote. Unlike you... Ang pow lah. Casio King lah. Lose until naked? Who? You kah? Hahaha. Zelan is only 0.03 now. Call others to buy so you can sell. Pity those get con by you. What a con man. Hahaha
The 27 Jul 2023 getting closer. Mikey, you better use all your tricks to convince others to help you push that 3 counters up loh. PA, JKGLand and RGTech. Don't con others like Zelan. You can keep repeating by cutting and pasting all your others comments. But that will not change the fact that you are still behind. Now I understand why you keep posting many comments. Just to push others comments away that reveal your con. Hahaha.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UlarSawa
35,552 posts
Posted by UlarSawa > 2023-05-18 15:43 | Report Abuse
U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion federal debt ceiling and as a rebound in regional bank shares eased concerns about an escalation in the sector's troubles.
President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday reiterated their determination to strike a deal soon to raise the debt ceiling and avoid an economically catastrophic default.
If an agreement is not reached by June 1, the U.S. Treasury has said it could begin to run out of funds to pay the government's bills, potentially igniting a recession.
A jump in regional bank shares lifted sentiment, led by a 10.19% surge in Western Alliance Bancorp a day after the bank said deposits grew by more than $2 billion in the quarter ended May 12.