Shares of Zuora spiked 14% on Wednesday after a media report that said the provider of subscription management software has received acquisition offers. The company has hired investment bank Qatalyst Partners “after receiving acquisition interest from potential suitors,” including private equity firms, Reuters reported. Zuora didn’t immediately respond to a request for comment.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
“We have no direct interest in stimulating Great Eastern liquidity or share price.”
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.
An interim dividend of 54 cents has been declared.
Seagate stock got a ringing endorsement Wednesday that included a robust earnings forecast. Wedbush analyst Matt Bryson lifted his rating on the disk-drive provider to Outperform from Neutral and set a price target of $100. Seagate Technology Holdings stock was 0.5% higher on Wednesday at $86.22.
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year's record result. Underpinned by robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), beating market expectations for a 3.5% decline. Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year's net interest income to be around 2023 levels.
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.
Goldman Sachs, International Monetary Fund, and the Congressional Budget Office are the latest to warn it’s a looming problem.
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.
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the report said.
Given her no nonsense approach to building wealth, it's not surprising that financial guru, Emmy-winning TV host and popular podcaster Suze Orman recommends certain risk-averse investments to her...
The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.For months, the US central bank has held its benchmark lending rate at a high level to cool demand and rein in price increases -- with a slowdown in inflation last year fueling optimism that the first cuts were on the horizon.
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Stocks like Coinbase Global, Inc. (COIN), Robinhood Markets, Inc. (HOOD) and NVIDIA Corporation (NVDA) are likely to benefit in the near term as the Bitcoin rally is poised to resume.
Bitcoin fell more than 10% in the first three days of this week, the worst three-day stretch since August 2023.
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China. Price hikes taken last year have forced customers to ditch cafes and restaurants and instead drink coffee at home, hurting business for chains such as Starbucks. "The inability to stop the traffic leakage from the early signs of pull-back in November to date and the worsening macro and competitive dynamics in China may suggest prolonged challenges and no evidence of light at the end of the tunnel," Danilo Gargiulo, senior analyst at Bernstein, wrote in a note.
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
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Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. Though Powell on Wednesday acknowledged a lack of recent progress in the Fed’s battle against rising consumer prices, he reiterated the view that interest rates are likely headed lower this year. That was a relief for those worried the Fed could be eyeing more rate increases after three straight months of stronger-than-expected inflation.
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
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