ACCO Brands Corporation Announces First Quarter 2024 Earnings Webcast

The Smart Investor
DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?
It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy? appeared first on The Smart Investor.
MoneySmart
Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
Benzinga
Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
Simply Wall St.
Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%
As the Singapore market embraces innovation, exemplified by Deutsche Bank joining the Monetary Authority of Singapore's Project Guardian to explore asset tokenization, investors are witnessing a dynamic shift in financial technologies and investment possibilities. In this evolving landscape, dividend stocks remain appealing for their potential to offer steady income streams, particularly when navigating through periods of technological transformation and market adaptation.
The Smart Investor
OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?
OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared first on The Smart Investor.
Reuters Videos
Beijing may buy unsold homes to help market: report
STORY: China is considering a plan for local governments nationwide to buy millions of unsold homes. That’s according to Bloomberg on Wednesday, after Communist Party leaders called for efforts to clear mounting housing inventory at a meeting in late April. China’s property sector has been in a deep slump for years, hit by a debt crisis among developers. Cash-strapped private developers, like Country Garden, have halted construction on a large number of new homes that were pre-sold but now cannot be delivered on time. The buyers of these homes, meanwhile, are continuing to pay off their mortgages. Analysts agree there are tens of millions of uncompleted apartments across China. Policy measures since 2022 have failed to turn around the sector, which represents around a fifth of the country’s economy, and the slump remains a major drag on consumer spending and confidence. According to the Bloomberg report, local state-owned enterprises, using loans provided by state banks, would be asked to help purchase unsold homes from distressed developers at steep discounts, many of which would then be converted into affordable housing. Citing people familiar with the matter, the report said that officials in China are currently debating the plan's details and feasibility. China's housing ministry did not respond to Reuters request for comment.
Yahoo Finance
Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Yahoo Finance
Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
The Edge Singapore
Seatrium wins offshore rig integration contract from repeat customer SBM Offshore
Announcement of the contract win came a day after Seatrium and four other counters were removed from a key market index
Reuters
Japan's economy skids, complicating BOJ's rate hike plans
TOKYO (Reuters) -Japan's economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to lift interest rates away from near-zero levels. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan's economy shrank 2.0% annualised in January-March from the prior quarter, faster than the 1.5% drop seen in a Reuters poll of economists. The reading translates into a quarterly contraction of 0.5%, versus a 0.4% decline expected by economists.
Zacks
Compared to Estimates, Sea Limited (SE) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Sea Limited (SE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Yahoo Finance
Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation data
Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
Reuters SG
UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Reuters
Strong services fan US producer inflation in April
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
CNN Business
GameStop, AMC shares skyrocket after meme stock trader posts for first time in 3 years
The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader, nicknamed Roaring Kitty, shared on X.
Reuters
US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets
Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record highs with technology stocks leading the charge.
Reuters
China's Tencent Q1 revenue tops forecasts as ad sales, business services shine
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. It's the fifth straight quarter of revenue growth as the company recovers from a regulatory crackdown by Beijing in 2022.
AFP News
Stock markets set records, dollar slides as US inflation cools
Stock markets struck record highs Wednesday after official data showed US inflation cooled slightly in April, raising hopes that the Federal Reserve will cut interest rates in the coming months.Given the inflation data "combined with Powell's reiteration yesterday that the bar to rate hikes remains very high, it looks like stocks have a clear path to make another run at record highs," said IG analyst Chris Beauchamp.
Barrons.com
Berkshire Hathaway’s Mystery Stock Purchase Could Be Revealed on Wednesday
That stock likely is a financial stock based on disclosures in Berkshire Hathaway’s regulatory filings
Reuters
Big-name funds pile into real estate debt as banks retreat
LONDON (Reuters) -Some of the world's largest investors are making deeper inroads into lending to commercial property, as they snap up market share from retreating banks and bet on an end to the sharp drops in real estate prices. U.S. fund firms PGIM, LaSalle and Nuveen, Canada's Brookfield and QuadReal, Britain's M&G, Schroders and Aviva, and France's AXA all told Reuters they plan to increase their credit exposure to property. "If I look at our strongest bet currently, it's probably real estate debt," said Isabelle Scemama, who heads up AXA's 183 billion euro ($198 billion) alternative investments arm.

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ACCO Brands Corporation Announces First Quarter 2024 Earnings Webcast

Latest stories

DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?

Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500

Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion

Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%

OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?

Beijing may buy unsold homes to help market: report

Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI

Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months

Seatrium wins offshore rig integration contract from repeat customer SBM Offshore

Japan's economy skids, complicating BOJ's rate hike plans

Compared to Estimates, Sea Limited (SE) Q1 Earnings: A Look at Key Metrics

Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation data

UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro

Strong services fan US producer inflation in April

GameStop, AMC shares skyrocket after meme stock trader posts for first time in 3 years

US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine

Stock markets set records, dollar slides as US inflation cools

Berkshire Hathaway’s Mystery Stock Purchase Could Be Revealed on Wednesday

Big-name funds pile into real estate debt as banks retreat