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Investopedia

E-Commerce Growth Lifted This Tech Giant's Earnings, And Its Stock Jumped 12%

~1.3 mins read

Shares of Sea Limited (SE), the Singapore tech conglomerate that runs online shopping website Shopee, soared Tuesday after the company reported double-digit revenue growth in all its business segments for the second quarter.

Sea posted second-quarter adjusted earnings per share of $0.54, with revenue up 23.0% to $3.8 billion. Both exceeded estimates.

The biggest driver of revenue growth was e-commerce sales that soared 40% to $2.5 billion. Shopee has a significant presence in South Asia, Taiwan and Latin America.

CEO Forrest Li said because of its strong first half results, Sea expects Shopee's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be positive starting in the third quarter. The company is also is raising its full-year outlook for gross merchandise value (GMV) to mid-20% growth.

Sea also owns Garena, the gaming business behind popular game Free Fire and other digital entertainment such as publishing and e-sports. SeaMoney, is the company's digital finance subsidiary offering mobile wallets and process payments in Southeast Asia and Brazil.

Digital financial revenue increased 21.4% to $519.3 million, while digital entertainment revenue climbed 21.1% to $536.8 million.

"Garena delivered a strong quarter, with more than 20% year-on-year growth in bookings, mainly contributed by Free Fire," said Mr. Li, adding that the game had more than 100 million active players.

Sea Limited's American Depositary Shares rose 11.9% to finish Tuesday's session at $74.85. The stock has risen 85% since the beginning of the year.

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Instablog9ja

Just In: EndBadGovernance: Protesters Carted Away Ganduje’s Corr¥ption Trial Documents – Gov. Yusuf

~1.9 mins read

Governor Abba Kabir Yusuf of Kano State has said that all the alleged corruption cases filed by the APC National Chairman, Ganduje, residing at the State High Court, have been carted away by the violent Protesters.

Kano State High Court of Justice was among hundreds of other places vandalized and set ablaze by the End Bad Government Protesters when they came out in their hundreds against hunger and starvation in the country.

However, Governor Yusuf who paid an assessment visit to the State High Court, on Wednesday, expressed worry that the corruption charges case files of former Governor Ganduje have been taken away from the court. The Governor, who was conducted around the court premises by the Attorney General and Commissioner of Justice, Haruna Isah Dederi, Chief Registrar of the High Court, Abdullahi Ado Bayero, and other High Court Judges of the state, was furious at what had happened at the court.

This was contained in a press statement made available to newsmen in Kano by the Governor’s Spokesperson, Mr Sanusi Bature Dawakin Tofa today. The statement described the vandalization as a master-minded and staged-managed mission in which the hired miscreants carted away corruption charges documents on former governor of Kano State, Abdullahi Umar Ganduje who has been facing multiple charges before the state High Court.

“It is very unfortunate that enemies of Kano State hired undesirable elements to vandalise one of the historic public buildings with a mission of averting corruption charges against the Ag. National Chairman of APC and former governor of the state Dr Abdullahi Umar Ganduje, his family and aides.”

The statement added that the miscreants destr3yed virtually all units of the High Court including the office of the state Chief Judge with a loss of more than one billion naira through the stealing of office equipment, destrying offices, b3rning cars and other relevant materials crucial to the dispensation of justice.

Governor Kabir called on the youths in the state to desist from being used by detractors to engage in vilence, rather they should concentrate on skills acquisition for a better future, emphasizing that the government will not relent in securing the lives and property of the people of Kano State.

The Governor assured that the judiciary as the last hope of the common man must be protected at all costs, he directed the immediate rehabilitation of the building and deployment of adequate security for effective justice delivery. He commiserated with the Chief Judge, Dije Abdu Aboki and the entire Judiciary family for the ugly incident urging them to brace up to cover what was lost in the court proceedings for the benefit of the common man.

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Investopedia

A Cooling Housing Market Is Pushing Down Inflation. Here's Why That's Important

~1.4 mins read

Shelter costs were once a main driver of inflation. That may finally be changing, with Wednesday's CPI report for July set to offer fresh clues that could inform the outlook for interest rates.

Home prices and rent soared during the pandemic as high demand for housing ran headlong into consumers relatively flush with cash because of government stimulus programs and ultra-low mortgage rates.

Rental increases stabilized in early 2022 after the Federal Reserve started raising interest rates to combat inflation. That change was slow to be reflected in the widely-watched Consumer Price Index since changes in asking rents typically take a year or more to show up in CPI measures of housing costs.Shelter costs rose 0.17% in July, the smallest increase since January 2021 according to last month’s CPI report. Because housing is such an important part of the overall measure of inflation, that moderation helped push the annual rate down to 3%.

Many economists expect the trend to continue in Wednesday’s highly anticipated report on July inflation.

If official inflation measures continue to show a cooling of rent prices, it could augment the case for the Fed to lower its benchmark fed funds rate at its next meeting in September.“Given the sharp deceleration in rental inflation, much of the focus will be on whether or not the more normal prints in the June data will repeat themselves,” Justin Weidner and other economists at Deutsche Bank wrote in a commentary. “Given that the regional rent data did not seem to exhibit any anomalies and leading indicators are constructive, we expect that to be the case.”

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Practicing validation

Validation teaches your children that feeling and expressing their emotions is okay.

"When parents use validation, they are affirming to their child that it's fine to feel emotions and they should not be suppressed," says Dr. Chase Samsel with the Department of Psychiatry and Behavioral Sciences at Harvard-affiliated Boston Children's Hospital. "It shows them you understand their feelings and point of view, and it establishes trust. This, in turn, can help a child feel supported and open to discussing solutions."

Start with acknowledgement

Acknowledge their emotions with comments like, "It sounds like you are frustrated or angry," or "I can see that you've had a tough day at school."

But which emotion — or emotions — is your child feeling? "It can be difficult for parents to recognize the genuine emotion their child is battling," says Dr. Samsel. "Many times, kids have an emotional reaction but can't explain what's going on, or don't want to, or express various emotions at once."

Other times, different emotions lie underneath the one being shown. This is especially common among teenagers where they display anger, but often the real emotion is fear, anxiety, or sadness. "In these incidences, just recognizing they are going through something difficult is enough," says Dr. Samsel.

Practice validation often

A child may not respond to validation at first — they may not want to talk about their emotions or may ignore your interest. But consistent validation will eventually pay off.

"By repeating validation when emotional crises arise, the child soon will become more comfortable expressing their emotion," says Dr. Samsel. "Once they recognize that their parents welcome this and will not be reprimanded, they will be open to sharing details."

Building a coping skills toolbox

Coping skills are ways parents can teach their children to manage emotional problems when they arise.

Try a breathing exercise together

Breathing exercises are a popular strategy, as they are easy to learn and quick to use. Dr. Samsel recommends any of the following: three-part breathing, ujjayi breathing, and belly breathing.

Other coping skills include guided meditation, visualization, squeezing a ball for stress relief, taking a walk or playing outside, and reading together (ideal for preschool and elementary-age children).

"Sometimes just giving children alone time in their room or "taking space" works well," says Dr. Samsel.

Tap into coping skills yourself

It's also vital for parents to adopt these strategies when dealing with their own emotions, says Dr. Samsel. Not only will this help you feel calmer, but it's a great way to model that coping skills help everyone — adults, too!

For example, try telling your kids when you feel upset or frustrated about something that happens during your day. Announce that you plan to take a walk to de-stress or do a breathing exercise. Later, share your strategies for problem-solving.

"Kids watch what their parents do and will often mimic their behavior," says Dr. Samsel. "If they see you constructively working through your emotions, they will be more open to doing the same."

Be flexible

Never insist on having older kids use a coping mechanism, even when situations call for it. That could feel like punishment and trigger an automatic resistance.

Instead, Dr. Samsel suggests parents expose their children to different types of coping skills and then let them decide which ones they want to try. "They may need to experiment to find techniques they can easily follow and that work for them," says Dr. Samsel.

Source: Harvard Health Publishing

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