In a sign of trouble for Apple iPhone business, the chip maker Skyworks Solutions provided a warning to investors about softening demand for smartphones. Skyworks makes analog and mixed-signal chips used by Apple and other handset makers. Skyworks in its September 2023 fiscal year generated 66% of revenue from a single customer—Apple.
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its position in the high-end smartphone market, where it faces increasing competition from local rivals such as Huawei. Running from May 20 to May 28, it is more substantial than the one Apple offered in February.
Singapore’s flagship carrier delivered an impressive performance, but can its share price reclaim the high achieved earlier this year? The post Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar? appeared first on The Smart Investor.
Apple’s mid-range tablet gets larger screen option and more power, being ‘pro’ enough for most
We highlight four stocks that recently upped their dividends. The post 4 Singapore Stocks That Raised Their Dividends appeared first on The Smart Investor.
Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak. Spot gold rose 0.9% to $2,435.96 per ounce as of 2:26 p.m. ET (1826 GMT) after hitting a record high of $2,449.89 earlier in the session. Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
Despite a strong start to the year for stock markets, investors in Starbucks (NASDAQ:SBUX) have been left bitterly disappointed with its shares down by approximately 20% at the time of this writing. After the earnings miss, Laxman Narasimhan, the new CEO of Starbucks, appeared on Jim Cramer's Mad Money to try and explain both the results and the company's path forward. Don't Miss: Startup behind ‘the #1 free contractor app' grows 162% YoY, opens its doors for investors at a $100 minimum. Invest
HOUSTON (Reuters) -Oil prices settled 1% lower on Tuesday as lingering U.S. inflation looked likely to keep interest rates higher for longer, weighing on fuel demand. Brent crude futures settled down 83 cents, or 1%, to $82.88 a barrel. Ahead of this weekend's Memorial Day holiday, which kicks off the U.S. peak summer driving season, retail gasoline prices fell for the fourth consecutive week to $3.58 per gallon on Monday, the Energy Information Administration (EIA) said in its gasoline and diesel fuel update.
XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.
Analysts raised their price target for the computer maker’s stock to $170 from $125, and maintained a Buy rating on the stock.
Tech stocks began Monday in positive fashion as the sector looked to regain momentum after slipping at the end of last week.
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Hong Lai Huat has received shareholder approval to sell its HLHI and HLHA assets in Cambodia.
Truth Social earned $770,500 from advertising, according to the earnings report, which is down from $1.1 million the same time last year.
Company is perceived as having missed boom in generative artificial intelligence
How are things going at former President Donald Trump's social media company? Money-wise, astoundingly bad. Trump Media & Technology Group, which owns and operates the breakaway Twitter clone "Truth Social," posted a staggering net loss of over $327.6 million for the first quarter, according to an earnings report filed with the Securities and Exchange Commission […]
Senua’s Saga: Hellblade II, Ninja Theory’s latest narrative action-adventure game, arrived on May 21, 2024 for Xbox and PC. While many may be divided over its simple combat and lengthy puzzles, there’s no denying that Hellblade 2 is a visually stunning game, especially on a PC with the horsepower to push the game to near-photorealistic levels of detail.
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