Sherwin-Williams’ Earnings Fall Short on ‘Demand Choppiness’
The company says sales at its consumer brands operation fell 7% from a year earlier as sales volume declined.
The company says sales at its consumer brands operation fell 7% from a year earlier as sales volume declined.
Here are three Singapore blue-chip stocks that delivered a robust set of earnings. The post 3 Singapore Blue-Chip Stocks That Reported Solid Earnings appeared first on The Smart Investor.
Singapore has plenty of high-yielding REITs. Having a strong sponsor will make a difference. The post 5 High-Yielding Singapore REITs Backed by Strong Sponsors appeared first on The Smart Investor.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Venture...
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.
Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain economic environment.
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
STORY: The Japanese yen surged against the dollar in the early hours of Thursday. Traders said it looked like another round of intervention by Tokyo authorities to prop up the ailing currency. The dollar fell to 153 against the yen, from over 157 earlier, though it later clawed back much of the losses. It comes after the Japanese currency slid to multi-decade lows against the greenback. Speaking earlier in the week there was a hint of action from Vice Finance Minister Masato Kanda, who overseas yen policy: “The extreme and abnormal fluctuation caused by speculation and its negative impact on the national economy cannot be overlooked. Therefore, we would like to continue to take appropriate actions when necessary.”On Thursday there was no confirmation from the government that intervention had taken place. However, it’s thought a similar move also happened on Monday. Money market data the following day suggest Japan’s finance ministry spent $35 billion propping up the currency. The yen has been pummelled by factors including Japan’s very low interest rates compared to the U.S. Though the Bank of Japan did finally do a hike in March, a gulf remains. That’s likely to remain the case for some time, with stubbornly high inflation in the U.S. seen delaying rate cuts by the Federal Reserve. Such factors have seen the yen fall around 10% versus the dollar just this year.
This surpasses the company’s FY2023 profit before tax of $10.82 million.
Bitcoin fell more than 10% in the first three days of this week, the worst three-day stretch since August 2023.
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. Shell's cashflow rose by 6% from the previous quarter to $13.3 billion, reflecting strong operational performance, particularly in the LNG division, which together with trading helped offset a decline in natural gas prices that weighed on earnings of rivals including Exxon Mobil and Chevron last week. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions," CEO Wael Sawan said.
This story was first published on the Benzinga India portal. As part of a significant cost-cutting strategy, Alphabet Inc's Google (NASDAQ: GOOGL) recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed nearly 50 engineering roles stationed at its California headquarters. According to internal documents obtained by CNBC, Google intends to recruit new staff in India and Mexico to fill these vacated roles. The cor
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
The evening disruption comes just hours after DBS announced yet another record net profit of $2.96 billion for 1QFY2024.
Berkshire Hathaway annual meeting is coming up on Saturday and will likely be a bittersweet event. As many as 30,000 investors will travel to Omaha for what CEO Warren Buffett calls a “Woodstock for Capitalists” to soak up the scene and enjoy the financial insights, humor, and life lessons offered by Buffett. For the morning session, he will be accompanied on stage by Berkshire vice chairmen Greg Abel and Ajit Jain.
Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.
Drugmaker Novo Nordisk said it’s been increasing supply of its sought-after weight-loss drug Wegovy, with at least 25,000 people now starting to take the medicine each week in the United States.
South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo daily reported on Thursday, citing industry sources. The Financial Supervisory Service (FSS) is set to announce on Friday the mid-term findings from its investigation of short-selling by global investment banks. The FSS declined to comment on the Chosun Ilbo report.