On an unadjusted basis, the company reported a loss for the quarter and said the sale of its logistics business would weigh on revenue growth in the second quarter.
While the Nasdaq Composite is at a record high, some experts believe that a shift is coming in the market.
Mapletree Investments, a real estate firm owned by Singapore state investor Temasek Holdings, recorded a loss for the first time in two decades, after bearing the brunt of a global commercial property downturn.
A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. The potential investment in ST Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence.
Stock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate cuts.Among individual stocks, Anglo American shares fell 5.2 percent in London after the mining giant rejected a request from BHP to extend a Wednesday deadline for takeover talks, with BHP saying later it would not be making another offer.
The increase of AI investment has continued to boost optimism over Nvidia's growth as the chipmaker continues its record-setting stock rally.
Bitcoin prices slip after a number of wallets linked to Mt. Gox moved billions worth of Bitcoin into a single wallet Tuesday.
Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country. The news follows Microsoft's recent announcement that it would put $2.2 billion over the next four years into building Malaysia’s new cloud and artificial intelligence infrastructure. Prime Minister Anwar Ibrahim hailed Google’s investment as a sign of faith in Malaysia’s governance and economy.
Apple stock has been making a comeback lately, and the artificial-intelligence upgrade coming for iPhones will drive shares even higher, said BofA Securities. Shares of Apple had a challenging start to the year as investors digested reports of weak demand in China and awaited for generative artificial-intelligence updates. It seemed that every other tech company was releasing its plans to get ahead in the GenAI race, but Apple has yet to announce any major updates.
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. (NYSE:VST) was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with […]
A spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.
Having unneeded money in the financial system could exacerbate inflation just as Fed officials await evidence that price gains are slowing down before cutting interest rates.
NEW YORK/LONDON (Reuters) -A global equities gauge fell on Wednesday while U.S. Treasury yields rose after a third weak government debt auction in a row, and investors worried about higher interest rates while they waited for a key U.S. inflation report due on Friday. The dollar index gained as it was bolstered by higher bond yields across the board and the greenback rose to a four-week high against the Japanese yen. "On the equity market side we're getting close to month-end" so people may be taking profit, said Charlie Ripley, senior investment strategist for Alliance Investment Management, also citing a weak 7-year U.S. Treasuries note auction following similar results for Tuesday's 2-year and 5-year note auctions.
The Dow Jones Industrial Average (^DJI) fell a whopping 411 points in a challenging day for the market indices. The Nasdaq Composite (^IXIC) fell 99 points, below its landmark 17,000, and the S&P 500 (^GSPC) slipped back under 5,300. Market Domination Overtime's Julie Hyman reviews the day's market performance and its relationship with 10-year Treasury yields (^TNX), joined by Senior Markets Reporter Jared Blikre who examines the widespread sector losses seen in Wednesday's session. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Nelson Peltz cashed out his shares of Disney shortly after the activist investor lost his bid to win seats on the Mouse House’s board, according to a CNBC report Wednesday. Peltz sold all of his Disney stock at “close to $120 dollars a share,” making about $1 billion on the sale, CNBC reported, citing an …
Revenue grew by 78.6% y-o-y, reaching a record US$220.8 million in FY2024.
Normally, when Nvidia stock goes up, so does the market. That wasn't the case this past earnings season.
Earnings season is winding down and a strange confluence of events is occurring – the economy is softening, but corporate profits are accelerating.
As the Singapore market continues to evolve, major financial institutions are increasingly leveraging blockchain technology to enhance security and efficiency in international transactions. This trend underscores a broader movement towards innovation and trust in global financial interactions, characteristics also valued in high-yield dividend stocks. In the current economic landscape, investors may find that companies with robust technological adoption and strong governance practices can...
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where NVIDIA Corporation (NVDA) stands against the other quantum computing stocks. These days, artificial intelligence is one of the hottest […]
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