Tue, May 7, 2024 11:25 AM
Dollar weaker on renewed Fed rate cut hopes; yen wobbles
A Flip by Shubhangi Gupta
Sea Limited (NYSE: SE) may finally benefit from its role as the premier e-commerce conglomerate in Southeast Asia.Much like Amazon in the U.S. and MercadoLibre in Latin America, it is the leading e-commerce company in its respective region. That helped the stock peak above $372 at the height of the 2021 bull market.Unfortunately, missteps such as expanding Shopee's e-commerce operations outside.
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The internet has changed how people can work and earn money. And perhaps no other business exemplifies the rise of this so-called gig economy quite like Uber (NYSE: UBER) does. This tech-forward ride-hailing and delivery outfit has become a massive $138 billion business in 15 years.But it hasn't been a smooth journey. Shares are down 20% from their all-time high (as of May 15).
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It's been an incredibly volatile start to the decade for Wall Street, with the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth stock-propelled Nasdaq Composite (NASDAQINDEX: ^IXIC) trading off bear and bull markets in successive years.But it's been nothing short of a green light for the bulls over the last 17 months.
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