The Japanese yen fell to fresh 34-year lows against the U.S. dollar after the Bank of Japan decided to keep interest rates on hold. The currency briefly spiked to 154.97 per dollar at one point, perhaps in hope that authorities may finally intervene to support the embattled yen. Not only did the BOJ dash hopes that rate hikes may be around the corner, but economic data compounded that assessment.
We highlight four solid blue-chip names that you can buy and safely own for the rest of your life. The post 4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever appeared first on The Smart Investor.
As the Singapore market continues to navigate through global economic challenges, including inflation and interest rate adjustments, investors are increasingly looking for stable returns. Dividend stocks, known for their potential to provide regular income, become particularly appealing in such uncertain times.
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 more than 14% to $21.56 in midday 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.
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UBS took over Credit Suisse in a government-backed rescue last year in what was the biggest merger of banks of systemic importance since the 2007-2009 financial crisis. Korner, who was appointed CEO of Credit Suisse during turbulent times in 2022, joined the board of UBS after the takeover. UBS is working to complete the merger of its legal entities with those of Credit Suisse by late May, the Financial Times said, citing people familiar with the plans.
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...
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
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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.
Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
It's a pretty nice view from the top.
Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break. MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.
China's average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same holiday period, according to a private survey on Monday. Home sales fell in 19 of 22 surveyed cities during the five-day May Day compared to the same period of 2023, and were down more than 60% in mega cities of Guangzhou and Shanghai, according to data from the China Index Academy, one of the country's largest independent real estate researchers. "The new housing market is still under adjustment pressures," said the research firm, adding "there is more room for lowering the downpayment ratio, reducing mortgage interest rates and transaction taxes and fees."
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.
Hotel G is undergoing rebranding and asset enhancements measures after it was acquired in January for $180 million. (Picture: Samuel Isaac Chua / EdgeProp Singapore)Inflows of foreign investment accounted for 45.6% of real estate investment value in Singapore for 1Q2024, according to a report by Knight Frank. Institutional investors injected a total $1.226 billion of investment into Singapore last quarter.This is the highest proportion of incoming cross-border investment compared to other Asia P
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.
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
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