Apple loses top spot in China market with shipments down 6.6% in Q1, data shows

The Smart Investor
3 Singapore Blue-Chip Stocks That Reported Solid Earnings
Here are three Singapore blue-chip stocks that delivered a robust set of earnings. The post 3 Singapore Blue-Chip Stocks That Reported Solid Earnings appeared first on The Smart Investor.
Fortune
Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
Twentytwo13
US$1.7b in Indonesia, Azure data centre in Thailand, US$2.2b in Malaysia: All eyes on spillover effect as Microsoft goes big in SEA
Microsoft's series of investments in Indonesia, Thailand, and Malaysia are not surprising, as the tech giant had earlier announced a US$10 billion investment in AI abroad. All eyes are now on the upskilling of the local workforce and the creation of economic opportunities for governments, businesses, and communities in the region. The post US$1.7b in Indonesia, Azure data centre in Thailand, US$2.2b in Malaysia: All eyes on spillover effect as Microsoft goes big in SEA appeared first on Twentytw
The Independent
Tesla suing Indian company for using its name
Elon Musk’s electric vehicle company is seeking unspecified damages and a permanent injunction from the company from a judge in New Delhi
Simply Wall St.
Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Venture...
Benzinga
Warren Buffett Shares A Secret Weapon For Success — 'We've Done Better By Avoiding Dragons Than By Slaying Them'
Warren Buffett’s annual Berkshire Hathaway letters are a breath of fresh air in finance. Packed with investment wisdom, they transcend the trading floor and offer practical advice applicable to anyone seeking success in life. Buffett’s genius lies in his ability to distill complex financial concepts into simple, actionable principles. Whether you’re a seasoned investor or navigating daily decisions, his insights prove valuable. Don't Miss: Are you rich? Here’s what Americans think you need to be
Yahoo Finance
Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
Reuters
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
Fortune
It’s ‘just what the Fed chair wanted’ as the economy adds fewer jobs and unemployment rises to 3.9%
“For those grappling with renewed stagflation fears, this payrolls report supports what Powell said earlier this week about not seeing the ‘stag’ or the ‘-flation’ right now,” J.P. Morgan’s Elyse Ausenbaugh noted.
Yahoo Finance
Apple CEO Tim Cook boasts of future AI plans after earnings beat
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Zacks
Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
The Edge Singapore
Venture Corp reports net profit of $60.1 mil for 1QFY2024, 18.3% lower y-o-y
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million.
Simply Wall St.
HRnetGroup (SGX:CHZ) Will Pay A Larger Dividend Than Last Year At SGD0.0213
The board of HRnetGroup Limited ( SGX:CHZ ) has announced that it will be increasing its dividend by 14% on the 24th of...
Barrons.com
DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
Reuters
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
Reuters
Credit Suisse China securities JV says staff down 46% in 2023
Credit Suisse's securities brokerage joint venture in China said its staff numbers sank 46% in 2023, a year the Swiss authorities arranged a takeover to keep the firm from collapsing. Credit Suisse Securities (China) Ltd said in an annual report dated Tuesday that employee numbers were 126 at the end of December, down from 234 a year earlier. The Swiss authorities hastily arranged the takeover of Credit Suisse by cross-town rival UBS in the biggest bank merger since the 2008 global financial crisis.
Reuters
GLOBAL MARKETS-Stocks jump, yields drop as Fed cut hopes bloom
A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would keep interest rates higher for longer. Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the 243,000 estimate of economists polled by Reuters. Recent data on inflation and the labor market had fueled concerns the Fed could would be forced to keep rates higher for longer than the market was anticipating, or even raise rates again.
The Telegraph
Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
CNN
At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says
Drugmaker Novo Nordisk said it’s been increasing supply of its sought-after weight-loss drug Wegovy, with at least 25,000 people now starting to take the medicine each week in the United States.
The Telegraph
How Putin’s gas empire crumbled
Vladimir Putin is throwing everything he has got at ramping up Russia’s war machine.

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Apple loses top spot in China market with shipments down 6.6% in Q1, data shows

Latest stories

3 Singapore Blue-Chip Stocks That Reported Solid Earnings

Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?

US$1.7b in Indonesia, Azure data centre in Thailand, US$2.2b in Malaysia: All eyes on spillover effect as Microsoft goes big in SEA

Tesla suing Indian company for using its name

Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days

Warren Buffett Shares A Secret Weapon For Success — 'We've Done Better By Avoiding Dragons Than By Slaying Them'

Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%

Global hedge funds chase Hong Kong stocks rally, UBS says

It’s ‘just what the Fed chair wanted’ as the economy adds fewer jobs and unemployment rises to 3.9%

Apple CEO Tim Cook boasts of future AI plans after earnings beat

Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?

Venture Corp reports net profit of $60.1 mil for 1QFY2024, 18.3% lower y-o-y

HRnetGroup (SGX:CHZ) Will Pay A Larger Dividend Than Last Year At SGD0.0213

DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’

Rivian receives $827 million in incentives to expand Illinois facility, shares jump

Credit Suisse China securities JV says staff down 46% in 2023

GLOBAL MARKETS-Stocks jump, yields drop as Fed cut hopes bloom

Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise

At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says

How Putin’s gas empire crumbled