Carvana posts a surprise first-quarter profit, Fastly stock sinks after the company issues guidance well below Wall Street estimates, and Peloton’s CEO is stepping down. Apple is scheduled to report fiscal second-quarter earnings after the closing bell Thursday.
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
In recent developments, the Singapore market has shown a keen interest in innovative sectors, highlighted by Mastercard's inclusion of Singapore-based peaq in its Start Path program focusing on blockchain and cryptocurrency. This move underscores a broader acceptance and integration of emerging technologies within the local economic landscape. In this context, identifying dividend stocks that not only offer attractive yields but also demonstrate resilience and adaptability to new market...
The company made the announcement in its fourth quarter report
Announcement of the contract win came a day after Seatrium and four other counters were removed from a key market index
(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year. In an interview with Reuters, CFO Peter Oey said a surge in Southeast Asian tourism, along with an increase in corporate events and concerts in the last quarter, bolstered the demand for ride-share services.
These product releases just reaffirmed how massively this technology is going to change our lives
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. April's annual U.S. inflation numbers met expectations but, since they were lower than the month before, they encouraged confidence that the Federal Reserve can cut interest rates in September and December - driving rallies in stocks and bonds and pressure on the dollar. At the same time, even though markets price European rate cuts beginning in June, recent data has shown some upside surprises.
As the Singapore market continues to innovate, with recent developments like the collaboration between Mastercard and Standard Chartered exploring tokenised deposits and carbon credits, there is a growing interest in financial technologies that could reshape investment landscapes. In this dynamic environment, dividend stocks remain a cornerstone for investors looking for stable returns, particularly those yielding starting from 4.9%, which can offer a blend of reliability and potential growth...
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.In the previous quarter, from July to September, GDP suffered a major contraction of 0.9 percent, also revised on Thursday from an earlier reading of minus 0.8 percent.
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
In 2022, Congress passed the CHIPS Act to promote semiconductor development within the United States, rather than from foreign providers. Specifically, the act appropriated $39 billion to help wean...
BEIJING (Reuters) -Shares of Chinese property developers rose on Friday as investors expected authorities to announce more measures to stabilise the crisis-hit sector, with fresh data showing the fastest drop in new home prices in more than nine years. Waves of property market support measures over the past two years have failed to turn a sector which accounted for a fifth of economic activity at its peak and remains a drag on growth, but markets are betting on more decisive action later in the day. China's housing ministry, central bank, the National Financial Regulatory Administration and the Ministry of Natural Resources will hold a news briefing on Friday afternoon about policies to ensure completion of housing projects.
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Traders woke up on Wednesday to new updates on last month’s inflation and retail sales trends, indicating slowing price pressures and a weaker-than-expected consumer spending in the U.S. As a reminder, the headline inflation rate slowed as predicted from 3.5% to 3.4% year-on-year in April 2023, while retail sales showed a flat month-on-month reading, sharply decelerating from the previous 0.6% and the expected 0.4% rise. The data triggered positive market reactions as traders bolstered their rat
Vanguard’s new leader, Salim Ramji, vows to honor the company’s decision not to launch a Bitcoin ETF.
Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation.Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year and sending Wall Street to record heights on Wednesday.
BENGALURU (Reuters) -Indian automaker Mahindra & Mahindra said on Thursday it would invest $1.44 billion over the next three years in its electric vehicle (EV) unit to boost growth, even though it is now also closely looking at hybrid technology. Mahindra, India's third-biggest EV maker, currently sells just one model, the XUV400, but it is slated to launch a new range of EVs next year. "At this point in time, we feel good about the focus on EVs," Mahindra Managing Director Anish Shah said in a post-earnings press conference.
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