MONEY MASTER

  Hasbro reported a smaller-than-expected decline in second-quarter sales on Thursday, thanks to steady digital gaming demand that offset a slump in toy sales, while effective cost-control strategies helped the toymaker exceed profit expectations. Shares of Hasbro rose 6% in premarket trading as the company saw its margins improve to 21.3% from a decline of 15.6% a year earlier. The maker of Nerf toy guns has implemented a turnaround strategy focused on limiting expenses and maintaining a tight inventory amidst an industrywide slowdown in toy demand, boosting its overall performance. Quarterly Revenue: Dropped 18% to US$995.3 million (RM4.6 billion), beating the analyst estimate of a 22.02% drop according to LSEG data. Adjusted Earnings: Hasbro earned US$1.22 per share in the second quarter, surpassing estimates of 78 cents. Full-Year Forecast: Consumer Products Segment Revenue: Now expected to decline by 7% to 11%, compared with a previous forecast of a 7% to 12% decline made i...

It felt like it's the same story everyday.  And that's probably what the bear market looks like....making everyone run and too afraid to invest. I felt that the picture below as captured from Microsoft's Money app described the current market in a very simple and clear manner. It's almost painful to watch the daily decline The oil rallied but this time, another bad news. Apparently, disappointing services data raised the risk that weakness in manufacturing is spreading. The Standard & Poor’s 500 Index fell a third day after data showed service industries expanded at the slowest pace in nearly two years. Banks led losses in America and dragged European equities to a third day of declines. The dollar plunged to a three-month low versus the euro. The plunge happens even as the oil market rallies.  The S&P 500 fell 1.2 percent at 11:08 a.m. in New York, headed for a third straight drop after a 1.9 percent slide Tuesday. The index is looking for its f...

The good news is that the stocks continue to edge up with S&P 500 closes 1.80 higher to 2,090.57, a record high. S&P 500 edge up slightly despite oil price slump and Greece concern This happened even as there is a flight to safety triggered by a sell-off in Greek bonds, while crude oil prices tumbled after a short-lived bounce. Stocks in Athens plunged as much as 11.3 percent before closing down 3.9 percent, while yields on 10-year Greek bonds touched their highest since September 2013. On the other hand, the EURO touched the lowest in nearly 29 months against the U.S. dollar.  As for Dow Jones, there is an average down of 15.48 pts to 18,038.23 while the Nasdaq composite added 0.05 points to 4,806.91. As for the oil, the slump continues with Brent crude futures fell 2.4 percent to $58 per barrel after hitting a high of $60.43. U.S. crude lost 1.9 percent to $53.72 a barrel.  Crude oil continues to drop It is worth...