Yahoo Finance Buy AutoNation and Sell CarMax, Analyst Says. It’s a Tale of 2 Markets.
“Our recent channel checks indicate that the sourcing environment for used cars is still challenging,” BofA Securities analyst John Murphy wrote.
“Our recent channel checks indicate that the sourcing environment for used cars is still challenging,” BofA Securities analyst John Murphy wrote.
If you have some money to spare, you can turn your attention to these four interesting Singapore stocks. The post Got S$10,000 to Spare? These 4 Singapore Stocks Could Be Ripe for the Picking appeared first on The Smart Investor.
If you are looking for dependable blue-chip stocks, you should turn your attention to these four. The post Searching for Solid Singapore Blue-Chip Stocks? These 4 Could be Perfect for Your Portfolio appeared first on The Smart Investor.
Seatrium is under probe by CAD and MAS in connection to potential breaches under Securities and Futures Act
Nvidia has overtaken Microsoft and Apple to become the world’s most valuable company for the first time.
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Mooreast acquires from Seatrium a shipyard facility for $13.5 mil.
In recent years, the Singapore market has reflected broader global economic trends, with varying impacts on publicly traded corporations and privately held companies. As interest rates have trended downward globally, financing costs for businesses have decreased, yet this has not uniformly translated into higher profit rates across all sectors. When considering dividend stocks in this environment, a good stock typically offers a stable yield that can provide investors with consistent returns...
SHANGHAI/BEIJING/BERLIN (Reuters) -Chinese automakers have urged Beijing to hike tariffs on imported European gasoline-powered cars in retaliation for Brussels' curbs on exports of Chinese-made EVs, the state-backed Global Times newspaper said on Wednesday. In a closed-door meeting on Tuesday also attended by European car companies, China's auto industry "called on the government to adopt firm countermeasures (and) suggested that positive consideration be given to raising the provisional tariff on gasoline cars with large-displacement engines," according to the report. The meeting, organised by China's Ministry of Commerce, was held in Beijing and attended by SAIC, BYD , BMW, Volkswagen and its Porsche division, two people with direct knowledge of the matter said.
AMD competes with Nvidia, the AI darling. Commentary about the outlook for its AI chip business has put pressure on the shares.
In a recent prediction, analysts at AllianceBernstein have projected that Bitcoin could hit the $200,000 mark by 2025. This forecast is driven by the unprecedented demand for Bitcoin following the launch of Bitcoin ETFs. Many bitcoin experts such as Anthony Pompliano, the founder and partner at Pomp Investments, had also previously voiced their belief that bitcoin can go as high as $100,000 within the next year. Don’t Miss: 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many pe
Office rental rates could also remain flattish in 2024, with some downside risks in 2H2024, says analyst Ken Foong.
STORY: Tesla has begun the legal battle to get approval for Elon Musk’s $56 billion pay deal. Shareholders last week approved the package - a record sum in U.S. corporate history. But the firm still has to convince the court that first voided the payout. Delaware judge Kathaleen McCormick ruled that the process leading up to package had been controlled by Musk. She said Tesla also concealed from shareholders key details about the targets he had been required to hit. Now the EV maker says it has fixed those problems. Besides the vote, the pay deal was reviewed by a special committee of the board, and the firm has provided hundreds of pages of added information. Though the sum seems enormous, WealthWise Financial boss Noreen Gilbert says Musk should have been paid: “The pay package had actually been agreed upon years prior, based on metrics that Elon Musk had to make good on, and he had made good on all of those metrics. So the fact is he should have been paid that amount, he jumped through all the hoops to make that happen”. Tesla has now written to judge McCormick, asking that parties to the legal dispute over the pay now set out their takes on the shareholder approval. One shareholder who brought the case against the package has already said he thinks the vote has “no legal effect”.
(Reuters) -A consortium of U.S. investment firm KKR and Singapore Telecommunications will invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres, one of Asia's biggest data centre providers, the parties said on Tuesday. Reuters reported in late May that the KKR-SingTel consortium had emerged as the frontrunner to buy a minority stake worth some $1 billion in Singapore-based ST Telemedia Global Data Centres (STT GDC).
Singapore's global investment company Temasek said on Tuesday it has agreed to sell 100% of its shares in liquefied natural gas (LNG) trading firm Pavilion Energy to Shell. The announcement confirmed a Reuters' report last Thursday saying Temasek was finalising the Pavilion Energy sale to Shell in the coming days in a deal worth hundreds of millions of U.S. dollars. Temasek did not disclose financial details of the sale in the statement.
Billionaire investor Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates, has warned that US and China will continue to "press up against the other's red lines" as the US election nears, and smart money should prepare for heightened volatility by diversifying investments. The two great powers are "on the brink of a much worse economic or military war" but neither wants to cross that line, as a major deterioration from current conditions could be disastrous, Dalio said in
STORY: This car can fly for 25 minutes with a maximum speed of around 80 miles per hour. That’s according to Chinese EV maker Xpeng’s affiliate, Xpeng AeroHT. ::Xpeng handoutThe company flew its latest experimental drone car during a short test on Tuesday (June 18).It aimed to demonstrate what the future of transportation could look like in China.As people looked on, the two-seater EV, called the Voyager X2, performed a vertical takeoff and landing in the Hebei province.AeroHT said test flights do not involve passengers sitting in the car. A flight engineer at the company said the public response has been “really positive”.“Our product can operate both autonomously and manually. It is very simple to operate. Even for a beginner, after about an hour of training, you should have a grasp of the basic controls aboard the aircraft. So our autopilot feature requires no manual operation, which eliminates the traditional learning curve associated with conventional aircraft, because a conventional aircraft typically require extensive hands-on training."The model is intended for short trips within a city area. And the company says it does not emit any carbon dioxide during flight.As for whether it’d be available to buy, AeroHT said the X2 is an “iterative product that is not intended for sale to the public.”
Saving for retirement is non-negotiable and a 401(K) is an excellent tool for building a sizable nest egg and securing your financial future. However, too much of a good thing has its downsides, and...
More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and political uncertainty despite high prices for the precious metal, the World Gold Council (WGC) said in its annual survey. Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves. "Despite record demand from the official sector in the last two years, coupled with climbing gold prices, many reserve managers still maintain their enthusiasm for gold," Shaokai Fan, WGC head of central banks sector, said in a statement.
In a recent development, Bitcoin, the world’s premier cryptocurrency, witnessed a substantial drop, leading to the liquidation of over $420 million in long positions within a span of 24 hours, as reported by CryptoNews on Tuesday. Data from Coinglass reveals that 190,144 traders were liquidated, with total liquidations reaching $480.93 million. Out of this, $420 million were long positions. Major cryptocurrency exchanges such as Binance, OKX, and HTX witnessed approximately $372 million in long