Stocks close mixed as Fed holds interest rates steady

CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
MoneySmart
Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
Simply Wall St.
3 SGX Dividend Stocks Offering Up To 7.4% Yield
In recent developments, the Singapore market has shown a keen interest in innovative sectors, highlighted by Mastercard's inclusion of Singapore-based peaq in its Start Path program focusing on blockchain and cryptocurrency. This move underscores a broader acceptance and integration of emerging technologies within the local economic landscape. In this context, identifying dividend stocks that not only offer attractive yields but also demonstrate resilience and adaptability to new market...
The Independent
Under Armour is laying off workers as bloodbath of job cuts across US grows
The company made the announcement in its fourth quarter report
The Edge Singapore
Seatrium wins offshore rig integration contract from repeat customer SBM Offshore
Announcement of the contract win came a day after Seatrium and four other counters were removed from a key market index
Zacks
The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend
These product releases just reaffirmed how massively this technology is going to change our lives
Reuters
Grab raises annual profit view after strong first-quarter revenue growth
(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year. In an interview with Reuters, CFO Peter Oey said a surge in Southeast Asian tourism, along with an increase in corporate events and concerts in the last quarter, bolstered the demand for ride-share services.
Yahoo Finance
Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Yahoo Finance
Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
Reuters
Dollar set for weekly drop on US slowdown signs
The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. April's annual U.S. inflation numbers met expectations but, since they were lower than the month before, they encouraged confidence that the Federal Reserve can cut interest rates in September and December - driving rallies in stocks and bonds and pressure on the dollar. At the same time, even though markets price European rate cuts beginning in June, recent data has shown some upside surprises.
AFP News
Japan economy suffers worse-than-expected contraction of 0.5%
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.In the previous quarter, from July to September, GDP suffered a major contraction of 0.9 percent, also revised on Thursday from an earlier reading of minus 0.8 percent.
CoinDesk
Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin
The stock was the second worst performing among crypto stocks on Thursday.
SmartAsset
How Long Will $300,000 Last Me in Retirement?
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
Simply Wall St.
Unveiling 3 SGX Dividend Stocks With Yields Starting At 4.9%
As the Singapore market continues to innovate, with recent developments like the collaboration between Mastercard and Standard Chartered exploring tokenised deposits and carbon credits, there is a growing interest in financial technologies that could reshape investment landscapes. In this dynamic environment, dividend stocks remain a cornerstone for investors looking for stable returns, particularly those yielding starting from 4.9%, which can offer a blend of reliability and potential growth...
Reuters SG
UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Investing.com
Alibaba rallies to 7-mth high as ‘Big Short’ investor Burry increases stake
Investing.com-- Alibaba Group's (HK:9988) (NYSE:BABA) Hong Kong shares rallied to a seven-month high on Friday after Michael Burry’s investment firm hiked its stake in the e-commerce giant and several of its Chinese peers.
Benzinga
Charlie Munger Warned Millennials And Gen Z Are 'Going To Have A Hell Of A Time Getting Rich' — Warned Wealthy And Poor Gap Will Narrow
Charlie Munger, who passed away in November 2023 at nearly 100 years old, lived through a remarkable span of history and economic change. As Warren Buffett’s right-hand man and vice chairman of Berkshire Hathaway, his insights and predictions carry significant weight. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average? In 2021, Munger made some noteworthy comments
Benzinga
Economists React To Inflation, Retail Sales: 'The Soft Landing Narrative Is Still A Possibility But Not A Guarantee'
Traders woke up on Wednesday to new updates on last month’s inflation and retail sales trends, indicating slowing price pressures and a weaker-than-expected consumer spending in the U.S. As a reminder, the headline inflation rate slowed as predicted from 3.5% to 3.4% year-on-year in April 2023, while retail sales showed a flat month-on-month reading, sharply decelerating from the previous 0.6% and the expected 0.4% rise. The data triggered positive market reactions as traders bolstered their rat
Barrons.com
Signs of Cooling Are Everywhere in the Economy. It Isn’t Just CPI.
April’s CPI numbers provided evidence that price pressures are easing again. Other recent economic data point in the same direction.
GOBankingRates
Mark Cuban’s 5 Best Passive Income Ideas
Mark Cuban is well-known for his outspoken views and advice on topics that range from politics to investing. The self-made billionaire doesn't hold back when sharing his two cents on how folks can...

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Stocks close mixed as Fed holds interest rates steady

Latest stories

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500

3 SGX Dividend Stocks Offering Up To 7.4% Yield

Under Armour is laying off workers as bloodbath of job cuts across US grows

Seatrium wins offshore rig integration contract from repeat customer SBM Offshore

The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend

Grab raises annual profit view after strong first-quarter revenue growth

Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI

Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months

Dollar set for weekly drop on US slowdown signs

Japan economy suffers worse-than-expected contraction of 0.5%

Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin

How Long Will $300,000 Last Me in Retirement?

Unveiling 3 SGX Dividend Stocks With Yields Starting At 4.9%

UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro

Alibaba rallies to 7-mth high as ‘Big Short’ investor Burry increases stake

Charlie Munger Warned Millennials And Gen Z Are 'Going To Have A Hell Of A Time Getting Rich' — Warned Wealthy And Poor Gap Will Narrow

Economists React To Inflation, Retail Sales: 'The Soft Landing Narrative Is Still A Possibility But Not A Guarantee'

Signs of Cooling Are Everywhere in the Economy. It Isn’t Just CPI.

Mark Cuban’s 5 Best Passive Income Ideas