Company News for Apr 22, 2024

The Telegraph
China’s gold-buying spree could be the straw that breaks the dollar’s back
Some commentators have spent decades predicting the imminent demise of the US dollar’s special status as the world’s international reserve currency.
Barrons.com
Palantir Earnings Crush Estimates. The Stock Still Falls Following Big Run.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, were down 9.8% at $22.74 in premarket trading Tuesday. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
Simply Wall St.
Is It Time To Consider Buying Hutchison Port Holdings Trust (SGX:NS8U)?
Hutchison Port Holdings Trust ( SGX:NS8U ), is not the largest company out there, but it received a lot of attention...
The Hill
Starbucks needs to refocus on coffee, former CEO says
Former Starbucks CEO Howard Schultz urged his successors to get back to basics as the company sees falling sales. Schultz said in a LinkedIn post that leaders should focus on spending time in stores and on providing good coffee rather than other management strategies. “At any company that misses badly, there must be contrition and…
Simply Wall St.
Is Thai Beverage Public Company Limited's (SGX:Y92) Recent Stock Performance Influenced By Its Financials In Any Way?
Thai Beverage's (SGX:Y92) stock is up by 3.2% over the past week. We wonder if and what role the company's financials...
Barrons.com
Buy Apple Stock Ahead of AI News at Developers Conference, Analyst Says
Citi analyst Atif Malik is advising investors to buy Apple shares in advance of the company’s Worldwide Developers Conference, which starts on June 10. The event is expected to feature a rollout of the company’s strategy for artificial intelligence software. CEO Tim Cook provided some hints about what is coming on a conference call to discuss Apple’s earnings last week.
Fortune
$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
Barrons.com
Nvidia Stock Is a Good AI Bet, but AMD Might Be Better, Says Analyst
Nvidia is the dominant provider of chips to train artificial-intelligence systems, with AMD in second. The latter's shares may have more upside, says Melius Research.
Yahoo Finance
Stock market today: Stocks climb as S&P 500 notches best 3-day run of 2024
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
Simply Wall St.
Palantir Technologies (NYSE:PLTR) Shareholders Will Want The ROCE Trajectory To Continue
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
The Edge Singapore
Singapore reviewing proposal by SVCA to revive local stock market: FT
'There has been a shift in thinking by the government that this is not just an SGX problem'
Reuters
Exclusive-Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion. Shell declined to comment on the talks but said Malaysia is an important country to the company. Saudi Aramco also declined to comment.
Reuters
Gold gains on soft dollar, rate cut hopes
Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year. Spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). "The downside that we've seen over the last few weeks might actually be running out of steam, opening (the) door for gold prices to resume their upward trajectory," said Daniel Ghali, commodity strategist at TD Securities.
Simply Wall St.
Meta Platforms Insiders Sell US$15m Of Stock, Possibly Signalling Caution
The fact that multiple Meta Platforms, Inc. ( NASDAQ:META ) insiders offloaded a considerable amount of shares over the...
Simply Wall St.
3 Growth Companies With High Insider Ownership And At Least 12% Revenue Growth
Amid a buoyant U.S. stock market, bolstered by robust first-quarter earnings and the anticipation of interest rate cuts, investors are keenly observing various factors that could influence their investment decisions. In this context, growth companies with high insider ownership and significant revenue growth present an interesting opportunity for those looking to align with the confidence insiders are showing in their own companies.
Simply Wall St.
Trimble First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Trimble ( NASDAQ:TRMB ) First Quarter 2024 Results Key Financial Results Revenue: US$953.3m (up 4.1% from 1Q 2023). Net...
Yahoo Finance
The biggest risk to investing in Mag 7 stocks like Nvidia and Amazon, according to top CEOs
It's good practice for investors to think beyond the Mag Seven, say the CEOs of Apollo and Avenue Capital Group.
Benzinga
AMD Positions for AI Leadership with Expanded Portfolio, Quadrupled R&D Investment Ahead of Major Computex Announcements
Advanced Micro Devices, Inc (NASDAQ:AMD) is strategically preparing to address the growing demand for AI computing by leveraging its extensive product range. CTO Mark Papermaster emphasized AMD’s robust portfolio of compute engines, strong relationships with customers across diverse markets, and open software capabilities. He reflected on AMD’s 55-year history, highlighting its shift to a modular IP portfolio unified by a comprehensive AI software stack, which will enable the company to adapt mo
Reuters
FOREX-Yen drops despite intervention threat, Aussie slides after RBA
The yen continued to slide against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar fell from near a two-month high versus its U.S. counterpart after the Reserve Bank of Australia refrained from ramping up hawkish signals, as some traders had anticipated. In her press conference after the central bank's widely-expected decision to keep rates unchanged, governor Michele Bullock said the board believes monetary policy is at the right level to return inflation to target.
Moneywise
What ‘super wealthy’ in retirement looks like — how do your savings stack up to the top 1%, 5% and 10% of retirees?
It's a pretty nice view from the top.

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Company News for Apr 22, 2024

Latest stories

China’s gold-buying spree could be the straw that breaks the dollar’s back

Palantir Earnings Crush Estimates. The Stock Still Falls Following Big Run.

Is It Time To Consider Buying Hutchison Port Holdings Trust (SGX:NS8U)?

Starbucks needs to refocus on coffee, former CEO says

Is Thai Beverage Public Company Limited's (SGX:Y92) Recent Stock Performance Influenced By Its Financials In Any Way?

Buy Apple Stock Ahead of AI News at Developers Conference, Analyst Says

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says

Nvidia Stock Is a Good AI Bet, but AMD Might Be Better, Says Analyst

Stock market today: Stocks climb as S&P 500 notches best 3-day run of 2024

Palantir Technologies (NYSE:PLTR) Shareholders Will Want The ROCE Trajectory To Continue

Singapore reviewing proposal by SVCA to revive local stock market: FT

Exclusive-Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say

Gold gains on soft dollar, rate cut hopes

Meta Platforms Insiders Sell US$15m Of Stock, Possibly Signalling Caution

3 Growth Companies With High Insider Ownership And At Least 12% Revenue Growth

Trimble First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

The biggest risk to investing in Mag 7 stocks like Nvidia and Amazon, according to top CEOs

AMD Positions for AI Leadership with Expanded Portfolio, Quadrupled R&D Investment Ahead of Major Computex Announcements

FOREX-Yen drops despite intervention threat, Aussie slides after RBA

What ‘super wealthy’ in retirement looks like — how do your savings stack up to the top 1%, 5% and 10% of retirees?