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applelatest

  • Joined: December 23, 2022
  • Articles: 997

Korea's market watchdog urges companies to listen to shareholders seriously

The Financial Supervisory Commission of Korea (FSC) said Thursday that companies should pay more attention to the voices of shareholders as the government seeks to boost the domestic stock market through reforms to encourage higher shareholder returns. "I ask companies to seriously listen to the voices of shareholders and actively communicate with them to understand their legitimate demands," said Lee Bok-hyun, director of the Financial Supervisory Commission. "I ask that companies actively share with their shareholders as they continue their efforts to enhance shareholder value and establish a sound governance structure," Mr. Li said at a meeting with activist funds, representatives of listed companies and market experts.

Most S&P 500 Stocks No Longer Trade Above Their 50-Day Averages: A Healthy Correction or the End of a Bull Market?

For the first time since early November 2023, fewer than 30% of S&P 500 stocks are trading above their 50-day moving averages, a clear indicator of the poor breadth of the market since then. The dramatic drop from 85% at the end of March and 92% at the beginning of January underscores the sharp reversal in market dynamics. 50-day moving averages are often used as a barometer of a stock's short-term health. A drop below this level indicates that the majority of stocks in the market are declining.

Asian Stocks Under Pressure, Chipmakers Concerned: Market Roundup

(Bloomberg) -- Asian stocks opened under pressure after U.S. stocks extended their longest losing streak since January. Bloomberg's top readsDubai Stalled as Cloudy Rainfall Worsens FloodingTesla Again Asks Investors to Approve Mas Resonance's $56 Billion SalaryRed Lobster Considers Bankruptcy to Address Lease and Labor CostsBanker Charged Millions in Breakup Fee for Giving Up New JobChina Says Carburetor Deal with Iran Will Continue After Israel AttackStock Index Futures Scam

New York Concerns About Competition, Smoking and Internet Gaming Disrupt Northeast U.S. Gaming Markets

Casinos in the northeastern U.S. are taking on a number of challenges as they prepare for the arrival of new competitors in New York City. At a major casino conference in Atlantic City on Wednesday, attendees raised a number of challenges, including a possible smoking ban in Atlantic City, the ongoing debate over whether Internet gambling is hurting or helping the bottom line of brick-and-mortar casinos, and the loss of illegal online business. At the East Coast Gaming Congress at Hard Rock casino, experts discussed the upheaval in the industry, particularly as it prepares for the influx of three downstate New York casinos that are widely expected to redefine the region's gaming market.
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