Skechers USA stock was climbing Friday after the sneaker maker raised its full-year financial guidance and posted strong first-quarter financial results. Shares of Skechers were up 14% Friday, which would be their largest percentage increase since April 23, 2021, according to Dow Jones Market Data. The stock was also on pace to hit a record closing high as shares hit $67.31.
SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Singapore as part of a broader strategic review globally to become a lower-carbon operator.
Palantir, a data analytics software company, continued to gain traction with its artificial-intelligence tools in the quarter ended in March. Palantir shares, which rallied 8.1% in Monday’s regular session, fell more than 15% on Tuesday. Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers.
Billionaire investor Stanley Druckenmiller, who runs the Duquesne Family Office, has tapped the brakes on his Nvidia Corp (NASDAQ:NVDA) investment as he believes the artificial intelligence revolution has gone too far too fast. What To Know: Druckenmiller has been betting on AI for more than a year with positions in Nvidia, Microsoft Corp (NASDAQ:MSFT) and other tech leaders. Recent quarterly filings show that he even bought call options in Nvidia stock to help boost his investment exposure. Tue
Known as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...
UOB is the second Singapore bank to report its earnings. The post UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings appeared first on The Smart Investor.
We profile three Singapore businesses that announced acquisitions to grow their top and bottom lines. The post 3 Singapore Companies That Conducted Acquisitions to Grow Their Business appeared first on The Smart Investor.
The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.
UOB announces net profit of $1.49 billion including Citi integration costs, higher q-o-q, lower y-o-y, and 6% above estimates.
Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
Singapore's biggest bank DBS Group said on Wednesday that it has appointed Ping An Technology's chairman and CEO Eugene Huang as its chief information officer (CIO) effective Friday. Huang, who is joining from Ping An Group, has over 36 years of technology and banking experience and will report to DBS Group CEO Piyush Gupta in his new role, DBS said in a statement on Wednesday. "His immediate focus will be to build on the work the bank has done since last year to strengthen our technology resiliency," Gupta said in the statement.
Sam Bankman-Fried's failed company has come up with the $8 billion that clients lost when the crypto exchange went bankrupt.
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along. European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates. Many analysts said this would be the year U.S. growth buckled, after the same predictions proved woefully wrong in 2023.
Global debt has surged to a record high of $315 trillion (£250 trillion) as China and India continued their borrowing binge despite the risks posed by geopolitical tensions and higher interest rates.
Bear Traps Report’s Larry McDonald recommends investors swap their gold holdings for platinum now. That’s pushed the ratio of gold prices to platinum over 2 to 1. Gold has been hot this year, so hot that one market watcher says it’s time to sell some and buy platinum instead.
Marathon Digital's (MARA) first-quarter 2024 earnings and revenues are expected to increase year over year.
Looking for capital gains? These four growth stocks may just be right for your portfolio. The post 4 US Growth Stocks That Can Lift Your Portfolio to New Heights appeared first on The Smart Investor.
As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, dividend stocks remain a focal point for those seeking steady income streams in a landscape marked by ongoing global economic adjustments. In light of current market conditions, a good dividend stock typically combines reliable payouts with strong business fundamentals, making it an appealing...
Imagine having a reliable source of income you can count on throughout your retirement. That’s the promise of an annuity. These insurance products have been designed to turn your savings into a steady stream of monthly payments. They guarantee peace of mind and financial security in your golden years. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. An
How much debt is too much? After three economic shocks in a row – the financial crisis, the pandemic and the energy price spike – the world economy is drowning in the stuff, with little sign of any life raft to the rescue.
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