The New York Times
진보 성향
기타
Balancing Act
The tension between sticking to what we know and seeking out new experiences is one of comfort versus novelty. How can we have both?
"BALANCING" · 총 63건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 87,646건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,284건(4.9%)·중립 81,221건(92.7%)·부정 2,141건(2.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.8(중도 균형)입니다.
The tension between sticking to what we know and seeking out new experiences is one of comfort versus novelty. How can we have both?
FUKUOKA -- Oita Uenogaoka High School, one of the top schools in Oita Prefecture, won the prefectural high school baseball tournament this spring for
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Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline this year after a hot May jobs report fueled fears of a hawkish policy pivot from the US Federal Reserve. Selling was concentrated among chip stocks and other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs. All three major US stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since last year. The S&P 500 ended its nine-week run of Friday-to-Friday gains, its longest weekly winning streak since one that ended in December 2023. “After the record run we’ve seen the last nine weeks in equities, specifically tech and semiconductors, the dam just broke today,” said Ryan Detrick, chief market strategist at Carson Group in Omaha. “Obviously, the stronger-than-expected jobs report puts the Fed in a tough spot regarding any interest rate cut for the rest of the year. And the market is throwing a fit by hitting the big winners so far this year.” Rising interest rates and the Iran war weighed on sentiment heading into the weekend, but many investors said they expected tech stocks to continue rallying. “The market reaction today was more driven by positioning rather than fundamentals,” said Ohsung Kwon, chief equity strategist at Wells Fargo. “The semiconductor sector was way overbought. That’s why we’re seeing the selloff. I don’t think it’s the end of the semi bull market.” The US economy added 172,000 jobs in May, according to the Labor Department, more than double analyst expectations, while the unemployment rate held firm at 4.3 per cent. The robust report was double-edged: it provided reassurance of US economic health, but all but killed any hopes of an interest rate cut from the Fed in the near future. Financial markets are pricing in a growing likelihood of a rate hike at the conclusion of the Fed’s December meeting, according to CME’s FedWatch tool. Fading hopes for a near-term resolution to the Middle East war and reopening the Strait of Hormuz are stirring fears that energy price pressures could morph into wider, systemic inflation. According to preliminary data, the S&P 500 lost 199.64 points, or 2.63pc, to end at 7,384.67 points, while the Nasdaq Composite lost 1,117.38 points, or 4.16pc, to 25,713.58. The Dow Jones Industrial Average fell 684.53 points, or 1.33pc, to 50,877.40. Nvidia, the largest company by market value, fell sharply, as did smaller rivals Intel, Micron, AMD and Broadcom. Lululemon Athletica slumped after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates. Cooper Companies rose after the contact lens maker beat estimates for second-quarter results. Cryptocurrency firms Coinbase and Strategy were pulled lower by bitcoin’s sharp drop. S&P Global said it would not change the eligibility requirements for its major indices, which effectively rules out a swift entry for Elon Musk’s SpaceX to the benchmark S&P 500 after it goes public in what would be the world’s biggest initial public offering. S&P Dow Jones Indices will announce the results following its rebalancing after markets close. Chipmaker Marvell Technology, which boasts over $270 billion in valuation, is among the contenders to be added to the benchmark index.
Wall Street's nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline this year after a hot May jobs report fueled fears of a hawkish policy pivot from the U.S. Federal Reserve.Selling was concentrated among chip stocks and other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs.All three major U.S. stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since last year.The S&P 500 ended its nine-week run of Friday-to-Friday gains, its longest weekly winning streak since one that ended in December 2023."After the record run we've seen the last nine weeks in equities, specifically tech and semiconductors, the dam just broke today," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "Obviously, the stronger-than-expected jobs report puts the Fed in a tough spot regarding any interest rate cut for the rest of the year. And the market is throwing a fit by hitting the big winners so far this year."Rising interest rates and the Iran war weighed on sentiment heading into the weekend, but many investors said they expected tech stocks to continue rallying."The market reaction today was more driven by positioning rather than fundamentals," said Ohsung Kwon, chief equity strategist at Wells Fargo. "The semiconductor sector was way overbought. That's why we're seeing the selloff. I don't think it's the end of the semi bull market." The U.S. economy added 172,000 jobs in May, according to the Labor Department, more than double analyst expectations, while the unemployment rate held firm at 4.3%. The robust report was double-edged: it provided reassurance of U.S. economic health, but all but killed any hopes of an interest rate cut from the Fed in the near future.Financial markets are pricing in a growing likelihood of a rate hike at the conclusion of the Fed's December meeting, according to CME's FedWatch tool.Fading hopes for a near-term resolution to the Middle East war and reopening the Strait of Hormuz are stirring fears that energy price pressures could morph into wider, systemic inflation. Iran reaffirmed its support for Hezbollah and demanded that Israel withdraw its troops from southern Lebanon, further complicating efforts to secure a near-term peace deal that would include the resumption of traffic through the crucial strait. U.S. President Donald Trump's administration has negotiated three truces, and while fighting has been greatly reduced, the two sides continue to trade airstrikes.According to preliminary data, the S&P 500 lost 199.64 points, or 2.63%, to end at 7,384.67 points, while the Nasdaq Composite lost 1,117.38 points, or 4.16%, to 25,713.58. The Dow Jones Industrial Average fell 684.53 points, or 1.33%, to 50,877.40.Nvidia, the largest company by market value, fell sharply, as did smaller rivals Intel, Micron, AMD and Broadcom. Lululemon Athletica slumped after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates. Cooper Companies rose after the contact lens maker beat estimates for second-quarter results.Cryptocurrency firms Coinbase and Strategy were pulled lower by bitcoin's sharp drop. S&P Global said it would not change the eligibility requirements for its major indices, which effectively rules out a swift entry for Elon Musk's SpaceX to the benchmark S&P 500 after it goes public in what would be the world's biggest initial public offering.S&P Dow Jones Indices will announce the results following its rebalancing after markets close. Chipmaker Marvell Technology, which boasts over $270 billion in valuation, is among the contenders to be added to the benchmark index.
Marvell, Reddit and a mortgage “dark horse” could make the cut during the next quarterly rebalancing of the benchmark index.
GQG Partners has pared its holdings in two Adani Group companies through block deals worth about Rs 5,750 crore, with SBI Mutual Fund emerging as the buyer of the entire stake on Friday. According to NSE block deal data, GQG Partners Emerging Markets Equity Fund sold shares in Adani Enterprises and Adani Energy Solutions.The larger transaction involved 1.64 crore shares of Adani Enterprises sold at Rs 2,913.4 apiece, translating into a deal value of about Rs 4,789 crore. In a separate transaction, GQG sold 63.66 lakh shares of Adani Energy Solutions at Rs 1,504.8 per share, amounting to around Rs 958 crore.Together, the two transactions were valued at about Rs 5,747 crore. The shares were acquired by SBI Mutual Fund at the same prices through corresponding block deals.The stake sale comes after a strong run in Adani Group stocks over the past year, during which several group companies recovered sharply from the volatility that followed allegations made by US-based short seller Hindenburg Research in 2023.GQG had emerged as one of the earliest large institutional investors to back the Adani Group following that episode. Beginning in 2023, the fund manager invested billions of dollars across multiple Adani companies, helping restore investor confidence at a time when foreign institutional participation in the group had weakened.Since then, Adani companies have focused on deleveraging, strengthening cash flows and improving operational performance. Several group entities have reported healthy earnings growth, while execution across infrastructure, energy and transport businesses has remained strong.The latest transaction will be viewed by market participants largely as a portfolio rebalancing exercise rather than a change in the fund's broader investment thesis on the group.Adani Enterprises, the flagship incubator of the conglomerate, houses businesses spanning airports, roads, green hydrogen, data centres and mining services. Adani Energy Solutions is one of India's largest private-sector transmission companies and is expanding its presence in smart metering and distribution infrastructure.Shares of both Adani Enterprises and Adani Energy Solutions are likely to remain in focus as investors assess the implications of the stake sale and changes in institutional ownership.
Ohangla musician Prince Indah graduated with a Bachelor’s Degree in Innovation and Creative Arts from TATU, balancing education and his successful music career.
China and Russia have largely moved away from the US dollar in bilateral trade settlement, with most transactions now settled in their own currencies. Yet cross-border payment bottlenecks persist as Chinese banks carefully manage their exposure to Washington’s sanctions regime, according to a senior Russian banker. At the heart of the friction is a stark balancing act facing Chinese lenders: how to ease trade with Russia while safeguarding access to the US dollar-based global financial system –...
Pig farmers in the central state of Selangor have spent years trying to keep their business out of Malaysia’s culture wars. A royal decree has dragged them straight into one. The state’s decision to shut down pig farms, prompted by Sultan Sharafuddin Idris Shah, Selangor’s hereditary ruler, has transformed a long-standing local dispute over pollution and odour into a flashpoint touching on royal influence, the livelihoods of a minority community and the delicate balancing act facing Malaysia’s...
EVERY June, Pakistan’s budget season follows a familiar pattern: business groups repeat their proposals for relief, the government defends its targets, and taxpayers prepare for additional burdens. Yet a more fundamental question is rarely asked — what is the budget ultimately meant to achieve, and does it reflect a clear long-term national purpose? In principle, the budget is the state’s main instrument for promoting growth, improving public services, reducing poverty and raising living standards. In Pakistan, however, it has increasingly come to resemble an accounting exercise: mobilise sufficient revenue to finance a growing state and meet fiscal benchmarks agreed with the IMF. The result is a lopsided process that remains focused on extracting more from those already within the tax net, while paying insufficient attention to the quality of public spending, the need to broaden the base, or the incentives required for investment, employment and productivity. The Tax Policy Office was expected to introduce a longer-term perspective to this debate, but that wider vision is still not evident. The burden continues to fall, predictably, on the formal economy. Corporations, salaried employees, entrepreneurs, exporters, documented businesses and investors remain the most visible and therefore the most easily taxed. What receives much less scrutiny is whether public spending is yielding meaningful improvements in citizens’ lives, particularly in a country where a large share of the population remains below the poverty line. Pakistan has absorbed much of the fiscal cost of devolution without fully realising its potential efficiency gains. This distortion has become more pronounced since the 18th Constitutional Amendment altered Pakistan’s fiscal structure. Health, education, labour welfare and other social services were devolved to the provinces, which now receive a substantial share of national revenues through the National Finance Commission Award. The logic was straightforward: provinces, being closer to citizens, would deliver services more effectively, while the federal government would gradually withdraw from devolved functions and reduce its own size and cost. That second part of the arrangement, however, remains largely unfulfilled. More than a decade later, successive governments have shown limited willingness to undertake the constitutional, administrative and institutional reforms required to right-size the federation. Pakistan has, therefore, absorbed much of the fiscal cost of devolution without fully realising its potential efficiency gains. The results are plain: weak learning, poor healthcare access, child malnutrition, low productivity, millions of children out of school, under-equipped hospitals, inadequate skills training and persistently low female labour-force participation. Yet, even against this backdrop, the provinces are expected to post a combined budget surplus of roughly Rs1.6 trillion. This surplus forms part of the consolidated fiscal framework that enables Pakistan to meet primary surplus targets under the IMF programme. Fiscal discipline is necessary; Pakistan’s record on deficits and debt leaves little room for complacency. But every rupee retained as surplus is also a rupee not directed towards schools, hospitals, technical training and local services. The balance appears to have shifted too far towards meeting accounting targets and too little towards building human capital. The irony is that while existing taxpayers are repeatedly told there is little room for relief, substantial untapped capacity exists elsewhere. Agriculture contributes nearly a quarter of GDP but remains lightly taxed, while property taxation is among the weakest in the region. Large agricultural and urban wealth holdings generate limited recurring revenue because assessment remains weak, enforcement uneven and valuations often disconnected from market reality. Since provinces have constitutional authority over agricultural income and property taxes, meaningful reform in these areas could broaden the base, improve fairness and reduce the state’s dependence on taxing the same formal businesses and individuals year after year. It would also help strengthen the sense that the fiscal burden is being shared more equitably. The next budget should therefore reset fiscal priorities. Rather than treating compliant taxpayers as an inexhaustible source of revenue, policymakers should present a credible path towards relief for documented economic activity: lower excessive tax rates on salaried employees, entrepreneurs and businesses, phase out the Super Tax, remove distortionary levies, reduce cascading taxation and bring greater predictability to policy. Better incentives would support investment, exports, formalisation and job creation — the key objectives of fiscal policy. But relief must be matched by credible efforts to broaden the tax base, improve spending efficiency and mobilise provincial revenues from agriculture and property. Fiscal sustainability cannot rest indefinitely on squeezing a shrinking pool of compliant taxpayers. Provinces, meanwhile, should be judged less by the size of their surpluses than by measurable gains in education, healthcare, skills, productivity and poverty reduction. Pakistan’s fiscal debate remains confined to the narrow question of how to raise more revenue. The more important issue is how public finances can create opportunity, improve living standards and support durable growth. A budget should be more than a balancing exercise between revenue and expenditure; it should also reflect a willingness to reform the structure of the state itself. Unless Pakistan completes the unfinished agenda of devolution, broadens the tax base and channels provincial resources towards human development, it may strive to meet fiscal targets without delivering the broader prosperity its citizens are entitled to expect. The writer is a former CEO of Unilever Pakistan and of the Pakistan Business Council Published in Dawn, June 5th, 2026
Mumbai: Global investors continued to pare equity stake in the financial services sector in the second half of May, however the pace of selling came off.Foreign portfolio investors (FPI) sold shares worth ₹5,181 crore from the sector in the period, significantly lower than the outflow of ₹17,000 crore in first half of the month, according to the data from NSDL. Between January and March, global investors pulled out shares worth over ₹60,000 crore from the sector."Banking stocks offered foreign investors an easy exit from India by virtue of being highly liquid," said U R Bhat, co-founder & director, Alphaniti. "Despite the sell-off, the sector has fared well, barring a few specific exceptions. Now investors are reducing exposure in other sectors."Bank Nifty fell 1% over the past one month compared with a 2.9% drop in the benchmark Nifty 50."Global investors toned down the selling in the banking and financial services sector and bought selectively- mostly smaller banks instead of the large caps which is why the pace of outflows moderated," said Sonam Srivastava, founder and CEO, Wright Research. Overseas investors sold shares worth ₹14,621 crore across 13 sectors in the second half of May, after withdrawing ₹38,443 crore across 19 sectors in the first half of the month.131518952FPIs have continued the selling spree in the current calendar year, offloading equities worth ₹2.6 lakh crore up till June 03. This exceeds their outflow of ₹1.7 lakh crore in the whole of 2025. A sustained selling pressure has intensified this year due to AI disruption and inflationary pressure on account of elevated oil prices given the US-Iran war. In addition, the net outflow of ₹1.3 lakh crore in FY27 so far exceeds the net investment of ₹84,132 crore by FPIs since FY17. The cumulative net foreign investment in Indian equities dropped to the lowest level in 12 years to ₹7.1 lakh crore in FY27.In the second half of May, automobiles and oil and gas sectors reported worth over ₹2,000 crore. On May 29, The MSCI rebalancing led to outflows worth ₹8,000-8,500 crore which also factored in the outflows for this fortnight. "Changes in the MSCI Index shifts the composition of not just index funds that mimic the index but also weighs on decisions of other funds,who largely use MSCI indices as benchmarks" said Bhat.Among sectors that reported net inflows in the second half of May, metals attracted nearly 60% of the inflows -the highest foreign inflows worth ₹4,999 crore for the period. The sector witnessed inflows worth over ₹6,500 crore in May.
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IndiGo has announced the temporary suspension of flights to six international destinations as it adjusts its network amid softer travel demand and rising operational costs.The airline said the move is part of a broader network optimisation strategy aimed at matching capacity with current market conditions while maintaining operational efficiency.Which International Routes Has IndiGo Suspended?According to the airline, services to the following destinations will be temporarily suspended:Hong KongShanghaiHo Chi Minh CityLangkawiKrabiSiem ReapFlights to Hong Kong, Shanghai, Ho Chi Minh City, Langkawi and Krabi will be suspended from July 1, while services to Siem Reap will be paused from July 3.Read more: HSBC says Asia's largest slum could soon have metro stations, green spaces & 125,000 new homesThe suspension is expected to remain in place until September 30.Why Has IndiGo Suspended These Flights?IndiGo said the decision was driven by a combination of softer seasonal demand and a challenging operating environment.The airline noted that the upcoming quarter typically witnesses lower travel demand, especially on certain international routes.At the same time, airlines continue to face increased operational expenses, making it necessary to review network deployment.In a statement, IndiGo said: "These measured changes are designed to align capacity with current market conditions and demand trends, while ensuring the airline maintains reliability and network integrity across its global destinations."Will IndiGo Restart These Routes?Yes. The airline has confirmed that bookings for all affected routes will reopen from October 1, subject to an improvement in market conditions.IndiGo also stated that it remains prepared to restore services earlier if demand improves and operational conditions become more favourable.Airspace Restrictions Continue To Affect AirlinesApart from rising costs, airlines are also dealing with continuing airspace restrictions that have impacted flight operations and route planning.Several carriers globally have been forced to adjust schedules, reroute aircraft and review international networks due to changing geopolitical and operational challenges.IndiGo said it will continue monitoring the situation closely before making further decisions regarding these routes.IndiGo Retains More Than 1,800 Weekly International FlightsDespite the temporary suspension of six destinations, IndiGo said its international network remains largely intact.The airline continues to operate more than 1,800 international flights every week across its global network.This allows the carrier to maintain strong international connectivity while adjusting capacity where demand is currently weaker.What Does This Mean For Travellers?Passengers planning trips to the affected destinations between July and September may need to consider alternative airlines or adjust their travel plans.However, travellers heading to other international destinations served by IndiGo are unlikely to see any major disruption, as the airline has retained the majority of its overseas operations.The move highlights how airlines are increasingly balancing demand, operating costs and network efficiency as global travel patterns continue to evolve.IndiGo Focuses On Network OptimisationThe temporary suspension reflects a broader trend in the aviation industry, where airlines are becoming more flexible in managing capacity.Rather than operating flights with lower demand, carriers are increasingly redeploying aircraft to stronger-performing routes and adjusting schedules based on market conditions.For IndiGo, the strategy is aimed at protecting profitability while ensuring reliable operations across its growing domestic and international network.Inputs from PTI
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