Wells Fargo & Company Announces Common Stock Dividend

INSIDER
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
The Smart Investor
4 Singapore Stocks That Raised Their Dividends
We highlight four stocks that recently upped their dividends. The post 4 Singapore Stocks That Raised Their Dividends appeared first on The Smart Investor.
The Independent
Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
The Smart Investor
Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar?
Singapore’s flagship carrier delivered an impressive performance, but can its share price reclaim the high achieved earlier this year? The post Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar? appeared first on The Smart Investor.
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
Barrons.com
AMD, Microsoft, Palo Alto Networks, and Other Tech Stocks in Focus Today
Tech stocks began Monday in positive fashion as the sector looked to regain momentum after slipping at the end of last week.
The Smart Investor
Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT
We compare two popular REITs under the CapitaLand banner to see which makes the better investment. The post Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT appeared first on The Smart Investor.
Barrons.com
Bitcoin Falls. What’s Holding Back a Crypto Rally.
Bitcoin and other cryptocurrencies were falling Monday, with the crypto sector’s momentum still highly dependent on flows into exchange-traded funds. The largest cryptocurrency hit a record high near $74,000 in mid-March amid a surge of interest from new spot Bitcoin exchange-traded funds (ETFs) but its price has dropped since then.
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
USA TODAY
Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.
The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
Reuters
Oil falls 1% on sticky US inflation, dampened geopolitical risk premium
HOUSTON (Reuters) -Oil prices settled 1% lower on Tuesday as lingering U.S. inflation looked likely to keep interest rates higher for longer, weighing on fuel demand. Brent crude futures settled down 83 cents, or 1%, to $82.88 a barrel. Ahead of this weekend's Memorial Day holiday, which kicks off the U.S. peak summer driving season, retail gasoline prices fell for the fourth consecutive week to $3.58 per gallon on Monday, the Energy Information Administration (EIA) said in its gasoline and diesel fuel update.
Zacks
New Strong Sell Stocks for May 20th
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
Yahoo Finance
Markets brace for Nvidia earnings: What to know this week
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Barrons.com
XPeng Stock Jumps on Earnings. There’s Hope for China EVs.
XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.
INSIDER
Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.
Truth Social earned $770,500 from advertising, according to the earnings report, which is down from $1.1 million the same time last year.
Futurism
Donald Trump's "Truth Social" Admits It Lost $327 Million This Quarter
How are things going at former President Donald Trump's social media company? Money-wise, astoundingly bad. Trump Media & Technology Group, which owns and operates the breakaway Twitter clone "Truth Social," posted a staggering net loss of over $327.6 million for the first quarter, according to an earnings report filed with the Securities and Exchange Commission […]
Reuters
Nasdaq hits record, S&P ticks higher with Nvidia results eyed
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals.
FX Empire
AUD/USD Forecast – Australian Dollar Continues to See Questions Asked
The Aussie continues to see a lot of noise, as we had recently broke above the top of a major consolidation rectangle form the past several months. However, it seems as if we are continuing to see a lot of hesitation at this point.
Reuters
Solaris ends plan to sell stake to China's Zijin Mining, cites government rules
Solaris Resources has scrapped plans to sell a minority stake to China's Zijin Mining Group because it feared the deal was unlikely to meet Canada's stringent foreign- investment standards in a timely manner, the Canadian company said on Tuesday. In January, Solaris announced plans to sell a 15% stake in the company to state-owned Zijin for C$130 million ($95 million)to help develop its Warintza copper project in Ecuador.

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Wells Fargo & Company Announces Common Stock Dividend

Latest stories

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

4 Singapore Stocks That Raised Their Dividends

Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m

Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar?

Canada's Power Corp shuts down China unit, lays off staff, sources say

AMD, Microsoft, Palo Alto Networks, and Other Tech Stocks in Focus Today

Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT

Bitcoin Falls. What’s Holding Back a Crypto Rally.

TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor

Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

New Strong Sell Stocks for May 20th

Markets brace for Nvidia earnings: What to know this week

Nvidia earnings could spark $200 billion swing in shares, options show

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.

Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

Donald Trump's "Truth Social" Admits It Lost $327 Million This Quarter

Nasdaq hits record, S&P ticks higher with Nvidia results eyed

AUD/USD Forecast – Australian Dollar Continues to See Questions Asked

Solaris ends plan to sell stake to China's Zijin Mining, cites government rules