Chip stocks fall after Taiwan suffers deadly earthquake, Hollywood’s Endeavor Group is returning to the private realm, and other news to start your day.
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For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
Key Insights Insiders appear to have a vested interest in Boustead Singapore's growth, as seen by their sizeable...
As the stock market continues to scale upward, it's prudent to invest in growth stocks such as Agnico Eagle Mines (AEM), Abercrombie & Fitch (ANF), Amazon (AMZN), Alphabet (GOOGL) and Hess (HES).
Nvidia stock is still tops for aJefferies analyst with a little more than a week to go before the chip titan reports earnings. “We believe it’s too early to sift out winners and losers in the AI basket yet, but Nvidia is our favorite,” wrote Jefferies analyst Blayne Curtis in a Sunday research note. “Nvidia maintains control over the entire ecosystem and is taking more pieces of the pie,” he said.
Alibaba's (BABA) fiscal fourth-quarter results are likely to reflect strength in the International commerce, logistics, local services and cloud businesses despite macroeconomic concerns in China.
Homebuyers with means are turning to an old strategy to get around a new crop of high mortgage rates: all-cash deals.
Stifel's Bannister expects the S&P 500 to drop 10% by the end of the third quarter because the 'pseudo recession' that helped tame inflation is now over.
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
UBS on Monday said almost $5 billion worth of Additional Tier 1 (AT1) bonds, a form of debt, have been made available for equity conversion following a decision by shareholders of the Swiss bank last month. The bank said that as of May 10, the decision covers four outstanding AT1 issuances made since November 2023, three worth a total of $4.5 billion and one more with a value of 650 million Singapore dollars ($480 million). "As a result, as from such date, these instruments are subject to equity conversion (and no longer subject to write-down) upon the occurrence of a trigger event or a viability event," UBS said in a statement.
The company hopes to grow its trading team in Singapore from the current four to 15 to 20, said its general manager Eric Hu.
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. It's the fifth straight quarter of revenue growth as the company recovers from a regulatory crackdown by Beijing in 2022.
The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader, nicknamed Roaring Kitty, shared on X.
Only 10% of family wealth makes it to the third generation, according to a landmark Williams Group wealth consultancy study reported by Reuters in 2015. But a handful of families throughout history...
Marchex, Inc. (NASDAQ:MCHX) Q3 2024 Earnings Call Transcript May 12, 2024 Marchex, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello all and welcome to the Marchex First Quarter 2024 Earnings Call. My name is Lydia [ph] and I’ll […]
Shares of GameStop and AMC Entertainment exploded Monday, up close to 80% and 50%, respectively, as Roaring Kitty, aka Keith Gill, the trader and Reddit celebrity who sparked the so-called meme stock revolution on Wall Street starting in early 2021, posted on X (formerly Twitter) for the first time in almost three years. Gill, a …
(Reuters) -The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March’s 3% while they expect inflation three years from now at 2.8%. This followed a University of Michigan report on Friday that showed U.S. consumer sentiment sagged to a six-month low in May as households worried about the cost of living.
Gold and silver have both enjoyed a nice pop this year. Bulls see more upside, but there is also growing skepticism.
NEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter. The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for the Federal Reserve to cut interest rates in September after the report.
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