Macy’s Buyout Bid Gets Raised Again: Report
The group of investors looking to purchase the department store increased its offer by about $300 million.
The group of investors looking to purchase the department store increased its offer by about $300 million.
The Oracle of Omaha has a simple solution.
Boustead Singapore Limited ( SGX:F9D ) will increase its dividend from last year's comparable payment on the 27th of...
The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are ideological and not based on facts, and they are set to continue. Wennink left in April after a ten year term at the helm of ASML that saw it become Europe's largest technology firm. Since 2018, the U.S. has imposed increasing restrictions on what tools the company can export to China, its second-largest market after Taiwan, citing security concerns.
We are in the early innings of a bull market despite several years of big gains, says one veteran market strategist.
Shares of headphone maker Koss Corp. soared for the second session in a row on Friday, closing at $13.35 a share, after trading as high as $18.50 early in the day, as social media posts speculated that a post by meme stock influencer Keith Gill indicated his interest in the company. Some followers of Gill, known to his online followers as 'Roaring Kitty', on social media pointed to cryptic images he posted in May of a microphone posted against the backdrop of the U.S. flag. That led to speculation on Reddit, such as Otherwise-Category42's post on the sub-Reddit devoted to GameStop that has been tracking Gill's return, that 'Roaring Kitty' would become a buyer of Koss shares on or around July 4, the U.S. Independence Day holiday.
The Financial Times reported last month that the digital finance app is working with bankers on the share sale, including shares held by employees, which could value it at more than $40 billion. The size of Storonsky's stake in the company is unclear, the report added, and the scale of any disposal would depend on the valuation that Revolut is able to attract from new investors as well as final allocation decisions by the company. Revolut declined to comment when contacted by Reuters.
According to data from Morningstar Direct, just 18.2% of actively managed funds whose primary prospectus benchmark is the S&P 500 are outperforming the index in the first half of this year.
The late billionaire didn’t hold his punches.
The South Korean tech giant is benefiting from the AI boom which has lifted the prices of advanced chips.
The chip sector receives another boost while an e-commerce player’s latest game release is performing very well. The post Top Stock Market Highlights of the Week: SK Hynix, Tencent, BlackRock and City Developments Limited appeared first on The Smart Investor.
It's generally a good rule of personal finance to never charge more than you can afford to pay off when your bill comes due. Learning how to manage your credit responsibly so you don't overspend takes...
The stock’s gains have left shares about 26% higher than the average analyst target price complied by FactSet. That’s nothing new for the EV-maker’s shares.
Tesla (TSLA) stock continues its upward trajectory, buoyed by the company's second quarter delivery performance that surpassed analyst expectations. Tesla shares have surged approximately 20% over just five trading days. This rally comes as anticipation builds for Tesla's upcoming robotaxi event, scheduled for August 8. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
The post 1.5 million Singaporeans to get up to S$850 GST vouchers as cash in Aug appeared first on SETHLUI.com.
On today's edition of Market Domination Overtime, Jared Blikre and Josh Lipton break down the market close and key stories from the June jobs report to the state of the auto industry. Friday's session marked across-the-board gains for all three of the major US indexes (^DJI, ^IXIC, ^GSPC). Meanwhile, the S&P 500 and Nasdaq Composite set new record highs to close out July's first trading week. State Street Global Markets macro multi-asset strategist Cayla Seder breaks down the markets' movement as June's jobs report marked the latest sign of economic cooling. She explains, "We have this kind of moderation that's going on... but the actual level is still quite strong. And so I think what that means is as we're assessing this data, we have to put some of this moderation into context. And so, yes, you have a headline figure in the NFP [nonfarm payroll] print today that was still above pre-COVID norms. But then you do see some signs of weakness underneath." Automakers continue to report sales growth, prompting investors to question whether this trend can persist into the second half of 2024. Cox Automotive executive analyst and senior director of economic and industry insights Erin Keatin calls the auto industry's performance "pretty good" in 2024 despite economic uncertainty that pointed to a potential slowdown. Addressing the electric vehicle (EV) sector, she notes that "a lot of the decline" in the EV market "is coming out of the Tesla (TSLA) share," noting Tesla's former position as the sole competitor in the market. Looking ahead, Keating tells Yahoo Finance that 'the automotive market will have to balance itself out." This post was written by Melanie Riehl
Investors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.
Credit Suisse's collapse was caused by the bank's management, not by Swiss financial authorities, Swiss National Bank Chairman Thomas Jordan was quoted as saying on Friday. "It was the result of bad decisions by the bank's management," Jordan told newspaper Le Temps in an interview. "The Swiss authorities were well prepared, and we took the necessary measures to avoid a global financial crisis."
The June employment report beat Wall Street projections, with the economy adding 206,000 jobs. RiverFront Global Fixed Income CIO Kevin Nicholson joins Market Domination to discuss the implications for markets and Federal Reserve policy. Nicholson has a muted response to the jobs data, noting there is "a lot of mixed data" in recent economic indicators. He emphasizes that the Federal Reserve is likely more focused on the core Personal Consumption Expenditures (PCE) index, forecasted to rise 0.21% month-over-month in June. "I think that's where their focus is going to be," Nicholson adds that the PCE print is "more important to the Fed than the Jobs report right now." Regarding his market outlook, particularly for bonds (^TYX, ^TNX, ^FVX), Nicholson predicts, "Right now, I think that the ten-year [Treasury yield] is pretty much range-bound between four and four and a half percent for the second half of the year." He dives into potential scenarios: "If we get the Fed to pull back and delay their rate cuts, we'll see the ten-year go back into that 4.35 to 4.50 range." However, he suggests that if the Fed implements rate cuts, the yield could potentially drop closer to 4%. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
We think intelligent long term investing is the way to go. But unfortunately, some companies simply don't succeed. To...
Bitcoin (BTC-USD) prices fell sharply in Friday's trading session, triggered by Mt. Gox's initiation of customer repayments, which has sparked fears of a potential sell-off in crypto markets. Token Bay Capital Founder and Managing Partner Lucy Gazmararian offers her insights on the outlook for the cryptocurrency. Gazmararian notes that the Mt. Gox repayment event has been "tracked quite thoroughly in Bitcoin circles" and was largely "anticipated." She suggests that "any selling [in bitcoin] is likely to be staggered" rather than occurring all at once. Moreover, she questions whether significant selling will materialize at all, stating, "people are likely to hold bitcoin for the longer term." Entering the summer season, Gazmararian predicts "a quieter" trading period, particularly for bitcoin. However, she emphasizes that the real test lies ahead: "The big question is what's bitcoin going to do when everyone comes back to work in the fall, and the markets start picking up again. That's really when we can actually tell if bitcoin's going to be in a deeper correction than is actually typical for most of the cycle." For more expert insight and the latest market action, click here to watch this full episode of the Morning Brief. This post was written by Angel Smith