European stock markets posted modest growth while Wall Street turned negative. Markets were dominated by expectations of Fed Chairman Jerome Powell’s next rate cuts on Friday at the Jackson Hole symposium. The prevailing bet is that a moderate approach will be adopted, without any cuts.
Frankfurt closed up 0.24%, Paris ended just below parity (-0.01%), London just above (+0.06%).
On Monday, August 5, Foro Penal reported that 1,010 arrests and 11 deaths have been documented since July 29 to date.
Tropical wave number 27 is moving through Venezuela during the morning of Monday, August 5, with a 30% probability of becoming a tropical cyclone in the next seven days.
Aurora Silva, wife of Freddy Superlano, went to the headquarters of the Bolivarian National Intelligence Service (Sebin) located in El Helicoide (in Caracas) to demand proof of life of the opposition leader
In international news, the German government expressed concern about the situation in Venezuela and called for an end to repression of post-election protests.
Below are the most important news from Monday, August 5:
Foro Penal reported on Monday, August 5, that 1,010 arrests have been documented, of which 91 are teenagers, and 11 deaths in the context of post-election protests since July 29.
The non-governmental organization (NGO) published the update of the figures on its X account. The image of the report indicates that where there were more arrests was in the Capital District, Carabobo and Anzoátegui.
Likewise, the Penal Forum reported that the deaths were recorded in the Capital District (5) and the states of Yaracuy (2), Zulia (2), Aragua (1) and Táchira (1).
The German government expressed its concern on Monday, August 5, about the situation in Venezuela and called for an end to the repression of post-election protests. It also reiterated its desire for the publication of the minutes of the results of the presidential elections of July 28.
“The German government is very concerned about the situation in Venezuela and signed a declaration with its partners from Italy, France, Spain and Portugal on 3 August calling on the Venezuelan authorities to respect the right of Venezuelan citizens to peacefully demonstrate,” said deputy government spokesman Wolfgang Büchner at a press conference on 5 August.
Alongside him, Sebastian Fischer, spokesman for the Ministry of Foreign Affairs, reiterated the request for “transparency” from the Venezuelan authorities. He also called for an end to the repression against protesters who doubt the the results of the elections given by the National Electoral Council (CNE), which declared Nicolás Maduro the winner.
Tropical wave number 27 is moving through Venezuela during the morning of Monday, August 5, with a 30% probability of becoming a tropical cyclone in the next seven days.
The National Institute of Meteorology and Hydrology (INAMEH) explained that the tropical wave was located in the north of Essequibo and is moving at a speed of 27 kilometers per hour, heading west of the country.
According to the meteorological agency, this wave will cause “disorganized” rain and thunderstorms in its path.
Aurora Silva, wife of Freddy Superlano, went to the Sebin headquarters located in El Helicoide (in Caracas) on Monday, August 5, to demand proof of life of the opposition leader, who was arrested on July 30 by agents of the Venezuelan State.
“It has been six days since my husband, Freddy Superlano, was kidnapped. He is a fighter for this country. He has worked hard to recover freedom and democracy through elections, as was demonstrated on July 28. (…) I demand proof of life for Freddy Superlano and for all those unjustly detained in our country,” Silva said in a video posted on the social network X.
The wife of the national coordinator of the Voluntad Popular party said that she had not received a response from the officials assigned to that Sebin headquarters and denounced that the government of Nicolás Maduro has undertaken an escalation of arrests after the presidential elections.
On Monday, August 5, Venezuelan Robeilys Peinado made it to the pole vault final at the Paris 2024 Olympic Games.
Peinado achieved a record of 4.40 meters, which allowed him to enter the Olympic final that will be held on Wednesday, August 7.
Venezuelan Raiber Rodriguez faced Cao Liguo in the round of 16 of wrestling and failed to secure his place in the semi-finals. Meanwhile, in women’s wrestling, Japanese Nonoka Ozaki defeated Venezuelan Soleymi Caraballo in the round of 16.
Venezuelan Joselyn Brea finished her participation in the 5000-meter flat final with a time of 15:17.04, which left her in 14th position.
On the other hand, Venezuelan Leslie Romero, who represents Spain, advanced to the quarterfinals of the speed climbing.
Venezuelan Foreign Minister Yvan Gil published a statement on Monday, August 5, in which he confirmed that the Brazilian government will guard the Peruvian Embassy in the country. He also reported on the same measure in the Embassy of Argentina in Caracas.
The document indicates that the safeguarding of the diplomatic headquarters also includes the care of the assets, archives and interests of the Peruvian government. Likewise, the Brazilian diplomatic corps must look after Peruvian citizens in Venezuelan territory.
Gil explained that this measure is taken in accordance with the provisions of the Vienna Convention on Diplomatic Relations of 1961 and the Vienna Convention on Consular Relations of 1963.
Fears of a recession in the United States, disappointing results from some major technology companies and the effects of rising interest rates in Japan dragged down stock markets around the world on Monday, August 5, from Asia to Wall Street.
Market nervousness began on Thursday, August 2, after the publication of worse-than-expected data on employment and industrial activity in the US, and intensified on Friday, August 3, when the cooling of the US labor market became apparent, reported the EFE news agency.
This factor is compounded by the rise in interest rates in Japan, which has led investors who had borrowed in yen to invest in other more profitable assets (‘carry trade’) to sell them to settle their debt.
In The newspaper We present you a summary of the most important information of the day, which you should know at the national and international level.
#Venezuela #news #summary #Monday #August
2024-08-06 18:15:08
WALL Street is regarding to witness one of the most anticipated IPOs of the year. The social media platform Reddit, which has been around for almost two decades, will go public, scheduled for Thursday.
Reddit was founded one year following Facebook, in 2005, by Steve Huffman and Alexis Ohanian, two computer science graduates from the University of Virginia. The site was originally planned much the same as it is today: as a way to share and discuss interesting content from around the web.
The name “Reddit” is a play on the words “read it,” reflecting the site’s initial focus on link sharing and discussion.
The site’s appearance is an unadorned return to the early days of the internet, when message boards, forums, and blogging dominated online conversation.
Not long following its launch, Reddit was acquired by Conde Nast Publications, publisher of high-end glossy magazines such as Vogue and The New Yorker. The site’s community approach and low-key moderation ethos have gradually attracted a loyal user base, especially among the tech-savvy who avoid Facebook or Twitter.
But unsure what to do with the loss-making (and off-brand) platform, Conde Nast spun off Reddit in 2011, effectively giving it back to venture capitalists.
Also read: Reddit Wants to Raise US$500 Million in Stock Market Debut
The company is attracting new investors such as Tencent, China’s digital giant. Future ChatGPT star Sam Altman led a fundraising round in 2014 and only briefly became CEO.
Reddit is essentially run through thousands of “subreddits” – forums moderated by their creators. The largest subreddits have tens of millions of subscribers, including r/funny, r/games, and r/music.
Some customs on Reddit have become social media standards, including AMAs, or Ask Anything sessions where users can ask any source during a certain window of time.
Also read: Technology Sector Shares Rise, Why?
Subjects who have participated in the AMA include some of the world’s most influential politicians, famous scientists and athletes, as well as ordinary people with interesting jobs. In 2012, then-President Barack Obama nearly crashed the site during his AMA.
Subreddits are so important to the experience of the site that Reddit allocated eight percent of shares to subreddit moderators and top users, so they might participate in the IPO.
Reddit made headlines when in 2021 a group of small-time traders on the subreddit r/wallstreetbets helped push up the share price of GameStop, a video game retailer — squeezing some of Wall Street’s savviest investors who had bet once morest, or shorted, the company.
Also read: 17 Companies Queuing for IPO on the Indonesian Capital Market
The event was made into a Hollywood movie, “Dumb Money,” and made Wall Street wary of the volatility of so-called “meme” stocks and the power of social media to shake up financial institutions.
In its IPO filing, Reddit warned that due to the whims of r/wallstreetbets investors, who may one day decide to blame Reddit itself, the stock price “might experience extreme volatility.”
Despite being almost 20 years old, Reddit has never turned a profit and many Wall Street observers are wary that the company’s stock is not a safe place to put your money.
Also read: Taking the floor on the stock exchange, the Homeco Living market is considered promising
According to its financial report, Reddit experienced losses of US$90.8 million last year and US$158.6 million the year before.
For most of its history, the company wasn’t particularly interested in making money, and Reddit’s CEO and founder, Huffman, said it wasn’t until he returned to Reddit in 2018 that he began to set a path to making a profit.
This is not always easy, considering that the user base of this site tends to be independent and does not like other social media sites that are full of advertisements such as Facebook or Instagram.
To appease advertisers, in 2020, Huffman broke with company dogma and implemented stricter content moderation policies, much to the annoyance of some of the site’s loyal users. (AFP/Z-3)
#Buying #Reddit #Shares
So according to Beauvais: “The dollar is over as the world’s reserve currency.” Among other things, the analyst argued that it is certain that the Chinese economy will exceed the size of the American one and for this, among other things, the American companies that transfer their production to other countries are responsible.
According to him, this trend has given other countries more control over international production, the global economy and global financial flows. On the topic of cryptocurrencies, Bovet believes that digital currencies like bitcoin can fill the void that the dollar’s declining influence in the global economy will and already leaves.
Just because Bovet was unconventional in his career (he has worked for 17 financial institutions and brokerage firms), in the west of his career he argued that analysts no longer tell things like they are because “they are like monks who pray to money” and thus do not they want to speak out once morest the dominant financial system they live off of.
Characteristic of the depth of his analysis is that when in the distant 2005 everyone believed that the real estate market in the USA was not facing any problem, Bovet had described it as a “dustbin” and just two years later… it was confirmed in the worst possible way.
His prediction regarding the dollar, which has also made the biggest splash, comes as alternative analyzes of the issue, which talk regarding the “de-dollarization” of the global economy, are increasingly being sidelined. of public dialogue.
According to the IMF, currently around 60% of global reserves are in dollars, but the trend is for this to decline, particularly following the US response to the war in Ukraine and sanctions once morest Russia.
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#dollar #explains #era
