Advanced Micro Devices stock was heading lower in premarket trading Wednesday after the company reported first-quarter results that slightly edged guidance and Street estimates. Adjusted profits of 62 cents a share matched Street estimates. AMD CEO Lisa Su noted in a statement that the company saw strong growth in its data center business with revenue up 80% from a year ago, and client revenue up 85%.
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.
We feature four attractive industrial REITs sporting distribution yields of 6.6% or higher. The post 4 Singapore Industrial REITs with Dividend Yields of 6.6% or More appeared first on The Smart Investor.
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...
Thng, 50, joined SIA in 1999. He was formerly the CEO of SilkAir and later, Vistara.
The company made the announcement in its fourth quarter report
(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.
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.
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Here are five reliable US growth stocks that also pay out higher dividends. The post 5 Dependable US Growth Stocks That Pay Increasing Dividends appeared first on The Smart Investor.
The dollar traded little changed against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve rate cuts amid signs of cooling yet persistent inflation and a softening U.S. economy. While consumer prices rose less than expected in April, leading to a risk-on flavor in equity markets, various Fed officials have sounded a word of caution about when rates may fall, limiting the dollar's decline this week. Futures markets are pricing in almost 46 basis points, or about two 25 bps of Fed rate cuts by December, but the likelihood of a cut as early as September has slipped.
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.
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.The moves are some of Beijing's most ambitious yet in seeking to reverse a chronic crisis in the housing market.
In 2022, Congress passed the CHIPS Act to promote semiconductor development within the United States, rather than from foreign providers. Specifically, the act appropriated $39 billion to help wean...
Financial Analyst and YouTuber Kevin Paffrath joins Market Domination to discuss Tesla’s (TSLA) stock valuation and what to expect from the company by the end of the year. “My rule of thumb this year is patience for 2024,” Paffrath says, pointing to factors like the election and CEO Elon Musk’s posts on X that make Tesla a “tough” stock. “I’d like to get past not only the election — because then I think we’re going to see politics cool a little bit from the Elon point of view — but we’ll also have gotten past the shareholder vote. We’ll have gotten past the robotaxi event. We'll see how much adoption we actually get for full self-driving, ” he explains. Paffrath also says he’ll be closely watching how much cash Tesla will have by the end of the year: “I think there’s definitely a massive cash problem and that’s why I’m just saying patience this year.” 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
(Reuters) -Gold prices, aided by China's stimulus measures, looked poised to clock their second consecutive weekly gain on Friday on renewed hopes for U.S. interest rate cuts, with silver breaking the $30 barrier to hit an 11-year high. Spot gold rose 1.3% to $2,407.65 per ounce by 1443 GMT, its highest since April 19. The market was lifted after China announced "historic" steps to stabilise the crisis-hit property sector, a major consumer of industrial metals as well as gold.
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.
U.S. stocks are drifting near their records Friday as Wall Street heads for the finish of another winning week. Wall Street’s frenzy around artificial-intelligence technology has continued to build despite some warnings of a potential bubble. On the losing end was GameStop, which gave back more of its massive gains won at the start of the week.
A major Boeing supplier is to make up to 450 workers redundant after its biggest customer was forced to cut aeroplane production.
April’s CPI numbers provided evidence that price pressures are easing again. Other recent economic data point in the same direction.
The jump pushed the stock up at $64.80, within striking distance of the record closing price of $65.11 hit in late-March, and added $1.38 billion to the company's market value. The partnership, announced on Thursday, allows Reddit to leverage OpenAI's technology to build tools and features, and OpenAI's ChatGPT platform to integrate Reddit's content in a "real-time, structured" manner. OpenAI will also become an advertising partner for Reddit.
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