Aadi Bioscience First Quarter 2024 Earnings: US$0.68 loss per share (vs US$0.57 loss in 1Q 2023)

The Smart Investor
4 Singapore REITs to Look Out for in June
Here are four Singapore REITs you should keep your eye on in June. The post 4 Singapore REITs to Look Out for in June appeared first on The Smart Investor.
The Smart Investor
SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings
The airline food caterer enjoyed a surge in revenue with the consolidation of WFS. The post SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings appeared first on The Smart Investor.
Insider Monkey
The Richest Country in the World by GDP
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Associated Press
Shares in Trump Media slump after former president convicted in hush money trial
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped before the opening bell Friday after former President Donald Trump was convicted in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.
Yahoo Finance
Fed's stance of higher for longer likely not shaken by new inflation reading
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
Zacks
The Cheapest AI Stocks to Buy Now
All stocks have pullbacks and the AI stocks will too. Which should value investors keep on their watch lists?
Zacks
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Simply Wall St.
An Intrinsic Calculation For Q & M Dental Group (Singapore) Limited (SGX:QC7) Suggests It's 44% Undervalued
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Insider Monkey
Is DraftKings Inc. (NASDAQ:DKNG) the Best Up and Coming Online Betting Stock?
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Yahoo Finance Video
April PCE data is 'pretty meaningful step down' for inflation
Treasury yields (^TYX, ^TNX, ^FVX) are on the decline this morning after inflation data from the PCE (Personal Consumption Expenditures) Index came in line with expectations with April's core PCE rising 0.2% month-over-month and 2.8% year-over-year. As inflation slows but price pressures remain a big risk, what does this print mean for the bond market? JPMorgan US CIO for Fixed Income, Currencies, and Commodities Kay Herr sits down in-studio with Yahoo Finance's Catalysts to look deeper into April's inflation data and what this means for the Federal Reserve's inflation rate target. "If you look underneath in some of the details, if you look on a three-month annualized basis, we've gone from a 4.4% number in March down to 3.46% in April. That's a pretty meaningful step down," Herr explains. "If you look on a month-over-month [basis], in April that was running 0.33%, March we're running 0.249%. And then on an average monthly basis in the first quarter, things were at about 0.36%, for April [it's] 0.25%. So a reasonable step down moving in line with what the Fed thinks." Herr underlines the Fed's dual mandate objective in regulators' decision on cutting interest rates or holding them higher for longer: "We're going to start to see a little bit of softness in in the labor market. And that's going to lead the Fed... to move toward cutting rates, yes."For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Zacks
RTX Secures a $302M Contract to Support F135 Propulsion Systems
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Yahoo Finance
Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech
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Zacks
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Simply Wall St.
SGX Dividend Stocks To Watch In May 2024
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Yahoo Finance
Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003
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Reuters
Oil settles down ahead of OPEC+ meeting, posts weekly loss
NEW YORK (Reuters) -Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts. Brent futures for July delivery were down 24 cents, or 0.3%, to $81.62 a barrel, while the more liquid August contract was down 77 cents, or 0.8%, at $81.11. U.S. West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.2%, at $76.99.
Reuters
Yen weakness persists despite Tokyo's $62 billion intervention
TOKYO (Reuters) -Japanese authorities spent 9.79 trillion yen ($62.23 billion)intervening in the foreign exchange market to support the yen over the past month, in moves that kept the currency from testing new lows but are unlikely to reverse longer-term declines. The Ministry of Finance data released on Friday confirmed the suspicions of traders and analysts that Tokyo entered the market in two rounds of massive dollar-selling intervention shortly after the yen hit a 34-year low of 160.245 per dollar on April 29, and again in the early hours of May 2 in Tokyo. "This was larger than expected, underscoring Japan's resolve to ease the pain of imported inflation," said Daisaku Ueno, chief FX strategist at Mitsubishi UFJ Morgan Stanley Securities.
Reuters
China's factory activity unexpectedly dips as property pain persists
BEIJING (Reuters) -China's manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world's second-largest economy continues to weigh on business, consumer and investor confidence. "I think the data particularly reflects soft domestic demand, the housing sector continued to worsen and retail sales were not strong," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
Reuters
Struggling Dow transport stocks could be economic warning signal
It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot. The Dow Jones Transportation Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark S&P 500 and the 1% rise in the Dow Jones Industrial Average, which topped 40,000 points for the first time this month. While major indexes including the S&P 500, the Nasdaq Composite and the Dow have all set new all-time highs this year, the Dow transports have yet to top their November 2021 record, and are some 12% below that level.
Yahoo Finance Video
Salesforce is still the 'gold standard': Analyst
Salesforce (CRM) shares dipped on Thursday after the company missed revenue estimates and reported a weak outlook. Wedbush Managing Director Dan Ives joins Market Domination to discuss his perspective on the company's future trajectory. Ives notes that the current pressure on Salesforce represents "a bump in the road," characterizing its guidance as conservative to "clear the deck" for the next quarter. He emphasizes that Salesforce remains "a gold-standard tech play" and now is an ideal opportunity for investors to acquire the stock. "This is a situation where they have it all in front of them, and I just view this as a speed bump, not the start of a structural decline," Ives tells Yahoo Finance, expressing confidence in the company's long-term prospects. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

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Aadi Bioscience (NASDAQ:AADI) First Quarter 2024 Results

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