Stocks stabilize following measured US response to Iran attack
After Iranian forces attacked US bases in Iraq to avenge the US assassination of Qassem Soleimani, the S&P 500 fell by 1.7 percent in the span of a few hours, but with the United States' measured response, no US casualties and no further escalations from Iran, the market appears to have stabilized, and is on the upturn again.
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Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
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Starbucks stock soars after re-opening news
Starbucks stock rose 3% in extended trading Monday after the coffee giant announced plans to reopen more than 85% of its U.S. stores by the end of this week. By early June, the Seattle-based company expects to have more than 90% of its stores open with limited hours. The Seattle-based company expects mobile pay to play an even more prominent role in transactions.
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Marketwatch
Mackenzie Bezos becomes richer than Mukesh Ambani
MacKenzie Bezos made a fortune out of divorce settlement with former husband Jeff Bezos. As Jeff Bezos works hard to grow the company, MacKenzie Bezos is reaping the benefits. Her decision to keep Amazon stocks made her the world's 17th richest person. Her total wealth stands at around $46.6 billion thanks to the Amazon stock. She just crossed India’s richest person Mukesh Ambani whose net worth stands at $44.3 billion
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3M CEO tells Trump mask demand too great
Mike Roman, the CEO of US-based mask and worker safety equipment manufacturing company 3M, has stated amid US President Donald Trump's invocation of the Defense Production Act that his company cannot meet the demand for masks in the country. Roman revealed that the industry only has the capacity to make 50 million N95 masks each month, while healthcare workers need 300 million to fight the coronavirus pandemic.
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