Jefferies CEO Just Sold $65 Million of Company Stock. He’s Buying a Yacht.
CEO Rich Handler said the boat will be a “gift to myself and my family” and that he doesn’t plan to sell any more shares.
CEO Rich Handler said the boat will be a “gift to myself and my family” and that he doesn’t plan to sell any more shares.
Here are three Singapore blue-chip stocks that delivered a robust set of earnings. The post 3 Singapore Blue-Chip Stocks That Reported Solid Earnings appeared first on The Smart Investor.
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei.
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
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.
Warren Buffett’s annual Berkshire Hathaway letters are a breath of fresh air in finance. Packed with investment wisdom, they transcend the trading floor and offer practical advice applicable to anyone seeking success in life. Buffett’s genius lies in his ability to distill complex financial concepts into simple, actionable principles. Whether you’re a seasoned investor or navigating daily decisions, his insights prove valuable. Don't Miss: Are you rich? Here’s what Americans think you need to be
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.
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.
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
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
Japan will likely keep intervening to prop up the yen until the risk of speculators triggering a free fall in the currency has been eliminated, said a former central bank official who was involved in Tokyo's market forays a decade ago. The yen jumped on Thursday on what traders suspect was the second day of intervention following such action on Monday to stem the currency's sharp declines. Japan's Ministry of Finance has declined to confirm whether it had stepped in, leaving markets on edge over the chance of another bout of intervention.
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. Shell's cashflow rose by 6% from the previous quarter to $13.3 billion, reflecting strong operational performance, particularly in the LNG division, which together with trading helped offset a decline in natural gas prices that weighed on earnings of rivals including Exxon Mobil and Chevron last week. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions," CEO Wael Sawan said.
Japan appears to have bought some time and respite for a tumbling yen through its latest bursts of suspected , yet it has also set itself up for a protracted war with a market that views the currency as a compelling sell, analysts say. Traders estimate the Bank of Japan (BOJ) spent nearly $59 billion defending the currency this week, helping to put the yen on track for its best weekly performance in over a year. The yen has swung wildly during the suspected intervention bouts, gaining nearly 5 yen in a matter of minutes and relinquishing part of that speedily.
Drugmaker Novo Nordisk said it’s been increasing supply of its sought-after weight-loss drug Wegovy, with at least 25,000 people now starting to take the medicine each week in the United States.
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
Berkshire Hathaway annual meeting is coming up on Saturday and will likely be a bittersweet event. As many as 30,000 investors will travel to Omaha for what CEO Warren Buffett calls a “Woodstock for Capitalists” to soak up the scene and enjoy the financial insights, humor, and life lessons offered by Buffett. For the morning session, he will be accompanied on stage by Berkshire vice chairmen Greg Abel and Ajit Jain.