Aker BP: Minutes of Annual General Meeting

INSIDER
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
Simply Wall St.
3 SGX Dividend Stocks Offering Yields From 5.8% To 7.5%
As the digital transformation accelerates, with a significant shift towards online banking as evidenced by widespread branch closures in the UK, investors might look for stability and consistent returns in their portfolios. In this context, high-yield dividend stocks listed on the SGX present an appealing option for those seeking to generate regular income from their investments amidst changing economic landscapes.
The Smart Investor
Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar?
Singapore’s flagship carrier delivered an impressive performance, but can its share price reclaim the high achieved earlier this year? The post Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar? appeared first on The Smart Investor.
AFP News
Nasdaq and gold hit record highs
The Nasdaq hit a fresh record Monday as leading bourses mostly rose, while gold also scored a new all-time high as the shock death of Iranian President Ebrahim Raisi helped bolster the haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Barrons.com
Tesla Stock Is Up Because the EV News From China Isn’t Always Bad
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
Reuters
'Perfect storm' steers gold to another record high; silver jumps
Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak. Spot gold rose 0.9% to $2,435.96 per ounce as of 2:26 p.m. ET (1826 GMT) after hitting a record high of $2,449.89 earlier in the session. Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
Reuters
Morning Bid: China clouds darken market mood
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
GOBankingRates
10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs
Retirement comes with many expenses, including healthcare, long-term care, housing, food, transportation and entertainment -- to name a few. As someone in the middle class, if your goal is to maintain...
GOBankingRates
Money Expert Paula Pant: 3 Foolproof Ways To Grow Your Net Worth
Paula Pant was able to escape the 9-to-5 grind by taking on side hustles to boost her savings and investing her funds wisely. Now, she teaches others how to grow their net worth so that they, too, can...
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Zacks
New Strong Sell Stocks for May 20th
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
INSIDER
Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.
Truth Social earned $770,500 from advertising, according to the earnings report, which is down from $1.1 million the same time last year.
Barrons.com
AMD, Microsoft, Palo Alto Networks, and Other Tech Stocks in Focus Today
Tech stocks began Monday in positive fashion as the sector looked to regain momentum after slipping at the end of last week.
Zacks
If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
Reuters
Nasdaq hits record, S&P ticks higher with Nvidia results eyed
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals.
Reuters Videos
China's property support measures disappoint
STORY: Shares of Chinese developers wobbled on Monday (May 20).Investors were worried about China's major steps to stabilize its crisis-hit property sector.They feared the moves fell short of what was needed to bring a sustainable turnaround in demand and confidence.Hong Kong's Hang Seng Mainland Properties Index dropped 0.7%.It had gained around 18% so far this month after the Politburo said in April it would work to clear housing inventory.A number of top developers saw shares drop Monday - with the likes of Kaisa and Shimao down more than 10% each.China unveiled measures Friday (May 17) to facilitate up to $138 billion in funding and ease mortgage rules, with local governments set to buy "some" apartments.The central bank said it would set up a near $41.5 billion relending facility for state-owned enterprises.That's to help them buy completed and unsold homes at "reasonable prices" for affordable housing.The central bank expects the relending program would result in $69.1 billion worth of bank financing.Friday's announcement came after waves of policy support measures over the past two years failed to revive the sector.It once made up for a quarter of national GDP and remains a major drag on the economy.A housing ministry publication described the latest policies as an "historic moment" for the industry.But many China watchers were more wary in their assessment.Analysts said the central government's decision to step in as a buyer marked an important step.But they noted the size of financing on offer pales compared to the estimated trillions of yuan worth of housing inventory across the country.Analyst say reviving homebuyer confidence is still the key to a property recovery.However, one market watcher warned few entities will be motivated by Friday's measures under current market conditions.They argued demand for property is weak with many potential buyers concerned about jobs and incomes in future.
Yahoo Finance
Wall Street's biggest bear flips, raises S&P 500 price target by 20%
Morgan Stanley chief investment officer Mike Wilson believes an improving growth outlook and an earnings rebound will drive the S&P 500 higher over the next year.
Reuters
Nasdaq, gold scale all-time highs amid cautious Fed comments
NEW YORK (Reuters) -The Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday. The S&P 500 finished the session with a modest gain, while the blue-chip Dow dipped below 40,000 after closing on Friday above that level for the first time.
Barrons.com
Buy 3M Stock, Says Analyst. The Catalyst Is the Dividend Cut.
CFRA analyst Jonathan Sakraida upgraded 3M stock to Buy from Hold, and lifted the price target to $115 from $100.

https://mb.cision.com/Main/1629/3969793/2771323.pdf	Release
https://mb.cision.com/Public/1629/3969793/965506462a84d927.pdf	minutes-AGM-2024

Straits Times Index

Nikkei

Hang Seng

FTSE 100

Bitcoin USD

CMC Crypto 200

S&P 500

Dow

Nasdaq

Gold

Crude Oil

10-Yr Bond

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Aker BP: Minutes of Annual General Meeting

Latest stories

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

3 SGX Dividend Stocks Offering Yields From 5.8% To 7.5%

Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar?

Nasdaq and gold hit record highs

Tesla Stock Is Up Because the EV News From China Isn’t Always Bad

'Perfect storm' steers gold to another record high; silver jumps

Morning Bid: China clouds darken market mood

TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor

10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs

Money Expert Paula Pant: 3 Foolproof Ways To Grow Your Net Worth

Nvidia earnings could spark $200 billion swing in shares, options show

New Strong Sell Stocks for May 20th

Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

AMD, Microsoft, Palo Alto Networks, and Other Tech Stocks in Focus Today

If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now

Nasdaq hits record, S&P ticks higher with Nvidia results eyed

China's property support measures disappoint

Wall Street's biggest bear flips, raises S&P 500 price target by 20%

Nasdaq, gold scale all-time highs amid cautious Fed comments

Buy 3M Stock, Says Analyst. The Catalyst Is the Dividend Cut.