Johnson & Johnson on Wednesday unveiled its latest effort to put to rest the sweeping litigation it has faced over alleged injuries caused by its talc products, offering deals under which it would pay roughly $11 billion to various groups of plaintiffs. The talc lawsuits have dogged Johnson & Johnson for years. Earlier efforts to settle the claims involving complex maneuverings in bankruptcy court system have repeatedly failed.
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.
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
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.
As Singapore continues to embrace technological advancements, the recent unveiling of a Web3 digital banking platform by Alchemy Pay highlights the market's progressive adaptation to the evolving landscape of digital finance. In this dynamic environment, high-yield dividend stocks on the SGX offer investors potential stability and consistent returns, qualities that are particularly appealing amid the rapid changes in financial technology and payment systems.
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
Mega-wealthy Japanese will contribute to a more than 30% surge in the value of assets they invest by the end of the decade as cash-heavy households deploy more in markets, according to an analysis by Morgan Stanley.
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.
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
Key Insights Given the large stake in the stock by institutions, Sea's stock price might be vulnerable to their trading...
If you're nearing retirement age or freshly retired, it's critical to understand how to manage your financial life, and how it differs from when you were making a salary. For You: 7 Bills You Never...
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.
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.
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.
Analysts raised their price target for the computer maker’s stock to $170 from $125, and maintained a Buy rating on the stock.
JPMorgan Chase CEO Jamie Dimon has bumped up his retirement plans, the longtime head of America’s largest bank said Monday.
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.
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
The U.S. dollar edged up against the euro on Tuesday, as Federal Reserve policymakers said it is prudent for the U.S. central bank to wait several more months to ensure that inflation really is back on a path to the 2% target before commencing interest rate cuts. Fed Governor Christopher Waller told the Peterson Institute for International Economics in Washington, on Tuesday, he would need to see several more months of good inflation data before he would be comfortable supporting an easing in the stance of monetary policy. Waller, however, did put a pin in any speculation that interest rates may need to rise again for demand to soften enough to ease price pressures further, saying the latest inflation data is "reassuring" and the probability of a rate hike is "very low."
President Biden announced new tariffs against China last week in an effort to strengthen American manufacturers. One of those industries is solar energy — the tariffs raised taxes on imported solar panels to 50% — and First Solar (FSLR) CEO Mark Widmar joins Market Domination to discuss how he expects the sector to be impacted. "The tariffs that were announced last week were just another step in trying to create a stable policy environment to ensure that there's a level playing field here in the US to make meaningful investments," Widmar explains. He says that a stable policy environment will spur innovation and ensure a return on invested capital. "99% of the product that is going into Europe is supplied from China, and we all know that China also has a tendency towards retaliation," Widmar adds. He goes on to say that the US needs to ensure long-term energy independence and security, as the solar sector remains competitive: "I don't see why we, as a country, or really any country, should have that ripple effect come into their domestic market. If China wants to create significant overcapacity three or four times their domestic demand, let them do that and let the bloodbath stay in China." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
The CEO of JPMorgan Chase made it clear Monday he now envisions a day when he will no longer run the largest US bank in fewer than five years.
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