Chinese stocks notched a mixed performance on Tuesday after economic data releases that did little to inspire confidence in a sustained recovery in the world’s second-largest economy. Hong Kong’s Hang Seng Index gained less than 0.1% with the Shanghai Composite down 0.3%. Chinese economic data out Tuesday in the form of April purchasing-managers indexes (PMIs) were a mixed bag.
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry.
These three stocks have performed impressively this year, but could there be more upside for the remainder of 2024? The post Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue? appeared first on The Smart Investor.
Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it saw its share price hover around a small...
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
Huawei Technologies' mobile platform HarmonyOS has overtaken Apple's iOS to become the second-biggest mobile operating system in mainland China in the first quarter, according to the latest market data from Counterpoint Research. HarmonyOS accounted for a 17 per cent share in the first quarter to surpass iOS for the first time in the world's biggest smartphone market, as strong domestic demand for Huawei's latest 5G handsets drove up adoption of the Shenzhen-based company's self-developed mobile
While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Retiring in your 50s doesn't require a superpower, a trust fund, or the lottery, but it does require discipline. Since your investments will have less money to compound, you'll need to contribute...
We look at the latest software updates from a technology giant and the latest moves by the US central bank. The post Top Stock Market Highlights of the Week: Apple, US Federal Reserve and DBS Group appeared first on The Smart Investor.
Investors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since NVIDIA Corp (NASDAQ:NVDA) ranks 3rd on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has been calmer-than-expected, […]
NEW YORK (Reuters) -New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program, she said on Friday. Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more than 230,000 Earn investors, including 29,000 in New York, and agreed to a ban on operating crypto lending programs in the state. The payout is in addition to James' related $2 billion settlement with crypto lender Genesis Global Capital, which she announced on May 20.
The Paris stock exchange plunged to its worst weekly performance in more than two years on Friday, dragging down other European markets and the euro as investors fret over France's looming snap election.In another sign of investors' concerns about the snap election, the yield, or interest, on 10-year French sovereign bonds rose and the difference with Germany's own borrowing costs widened the most in years.
The Federal Reserve held interest rates at a 23-year high while reducing its rate cut estimate from three to one. Yahoo Finance's Kerry Hannon joins Wealth! to discuss how the Fed's interest rate decision could impact your savings. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Elon Musk's pay deal — worth up to $56 billion -—has now been approved by Tesla shareholders. Yet investors and analysts Yahoo Finance spoke to are feeling mixed about the future of the electric car company.
BM GreenTech Berhad ( KLSE:BMGREEN ), might not be a large cap stock, but it received a lot of attention from a...
Annuities are often recommended by advisors as good options for retirees, and in some cases, they can be appropriate. The positive features of annuities include the potential for lifelong income,...
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks 6th on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has […]
Does Broadcom Inc. (AVGO) have what it takes to be a top stock pick for momentum investors? Let's find out.
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