Nvidia stock edged lower on Tuesday. Shares should get a jump-start late this year when the chip maker’s new Blackwell hardware is expected to debut, UBS analysts said. The stock was off 0.1% at $876.61 in morning trading.
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.
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.
We highlight four stocks that recently upped their dividends. The post 4 Singapore Stocks That Raised Their Dividends appeared first on The Smart Investor.
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
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.
Tech stocks began Monday in positive fashion as the sector looked to regain momentum after slipping at the end of last week.
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
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The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
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.
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.
Truth Social earned $770,500 from advertising, according to the earnings report, which is down from $1.1 million the same time last year.
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 […]
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.
We compare two popular REITs under the CapitaLand banner to see which makes the better investment. The post Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT appeared first on The Smart Investor.
British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a market once seen as the engine of global growth. The British Chamber of Commerce in China said in its position paper that the 48 measures Beijing has introduced since August to restore investor confidence fell short of "meaningful opening up" and that geopolitical tensions weighed heavy on the minds of British investors. While foreign direct investment represents only 3% of total investment in China, it has been falling for two consecutive years and had been seen as a signal of confidence in the world's second-largest economy and a way to sharpen the competitiveness of Chinese firms.
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals.
The Aussie continues to see a lot of noise, as we had recently broke above the top of a major consolidation rectangle form the past several months. However, it seems as if we are continuing to see a lot of hesitation at this point.
Morgan Stanley chief investment officer Mike Wilson believes an improving growth outlook and an earnings rebound will drive the S&P 500 higher over the next year.
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