Assured Guaranty, Kymera rise; BP, Helen of Troy fall, Tuesday, 7/9/2024

Barrons.com
Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning
Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc. were once large positions at Berkshire and have been eliminated. The risk of further sales appears to be depressing Bank of America stock, which was off 1.5% on Monday afternoon.
The Smart Investor
3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends
Here are three blue-chip stocks that are on the way to raising their dividends. The post 3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends appeared first on The Smart Investor.
MoneySmart
“Investing” in Singapore Lottery? The Math Behind Toto and 4D in Singapore
$13.12 million. That’s how much one lucky punter walked away with in May 2024—the largest prize money won from a single ticket in the history of Singapore lottery. *low whistle*... The post “Investing” in Singapore Lottery? The Math Behind Toto and 4D in Singapore appeared first on MoneySmart Blog.
Simply Wall St.
At S$1.15, Is It Time To Put UMS Holdings Limited (SGX:558) On Your Watch List?
UMS Holdings Limited ( SGX:558 ), is not the largest company out there, but it saw significant share price movement...
The Smart Investor
4 Solid Singapore REITs with Dividend Yields of 4.7% or Higher
Here are four dependable Singapore REITs sporting distribution yields of 4.7% or better. The post 4 Solid Singapore REITs with Dividend Yields of 4.7% or Higher appeared first on The Smart Investor.
The Smart Investor
4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow?
Here are four companies that recently announced business developments. Should they appear on your buy watchlist? The post 4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow? appeared first on The Smart Investor.
The Smart Investor
3 Companies Joined the US$100 Billion Club for the First Time: Are They Attractive Buys?
We will look at some companies that have attained a market capitalisation of US$100 billion for the first time. The post 3 Companies Joined the US$100 Billion Club for the First Time: Are They Attractive Buys? appeared first on The Smart Investor.
Barrons.com
Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion
Berkshire has reduced or eliminated stakes in several banks in recent years, including Wells Fargo, JPMorgan Chase, and Goldman Sachs .
Zacks
Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $28.46, moving -0.42% from the previous trading session.
The Independent
13 celebrities who lost their fortunes: ‘I had zero money’
Francis Ford Coppola and 50 Cent feature on this list of surprising stars who have suffered significant financial difficulties over the years
Yahoo Finance
Stock market news today: US stocks slip as mixed results from Alphabet, Tesla kick off Big Tech earnings
A marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Simply Wall St.
July 2024 Insight Into Three SGX Stocks Estimated As Undervalued
As the global financial landscape evolves, the Singapore market remains a focal point for investors seeking stability and growth opportunities. Recent developments, such as the expansion of innovative payment solutions in Europe by companies like Stables, highlight an increasing integration of traditional finance with digital assets, setting a progressive tone for markets worldwide. In this context, identifying undervalued stocks becomes crucial as they may offer potential for significant...
Yahoo Finance Video
Wall Street bullish on Nvidia, Apple: Price targets raised
Nvidia (NVDA) shares are rallying in Monday's trading session following a price target upgrade from Piper Sandler. The investment firm raised its target for the chipmaker to $140 from $120, maintaining an Overweight rating and citing "extremely strong" demand for the company's products. Similarly, Apple (AAPL) received a boost from Wells Fargo analysts, who raised the tech giant's price target to $275 from $225. The bank highlighted the potential of Apple's artificial intelligence initiatives to drive sales and trigger an upgrade cycle among consumers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Fortune
Warren Buffett’s Berkshire Hathaway cuts its stake in EV giant BYD to under 5%, dropping below Hong Kong’s disclosure threshold
The days of calling BYD a “Buffett-backed” company may soon be coming to a close.
South China Morning Post
US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair
The Federal Reserve is likely to cut interest rates three times this year as inflation heads downward and the labour market cools, according to Richard Clarida, who was vice-chair of the US central bank from 2018 to 2022. Any further improvements in inflation data and increases in the unemployment rate in the US will inform the Fed's decision, Clarida, currently the global economic adviser for asset management giant Pimco, said in an interview in Hong Kong. Pimco's forecast is for two rate cuts,
Reuters
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
As imbalances in China's economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to achieve major breakthroughs in recent years. Faced with deflationary pressures and weak demand at home and increased hostility towards its export dominance abroad, the twice a decade political event, known as a plenum, chose to point towards policy continuity rather than any structural shifts. The plenum "has clearly not been a game changer in terms of the reforms announced, especially given the challenges ahead both externally and domestically," said Alicia Garcia Herrero, chief Asia Pacific economist at Natixis.
Reuters
China firms issue record $14 billion convertible bonds as market revives
China's top companies have raised a record $14 billion in offshore convertible bonds so far this year as they diversify future funding needs while interest rates stay high. Offshore convertible bonds from mainland China accounted for 22% of global deals, LSEG data showed, after Alibaba Group raised $5 billion in May and Ping An Insurance finalised a $3.5 billion transaction last week. The amount raised so far this year from China is up 1,588% on the same period in 2023, the data showed, when just $829.3 million was raised in convertible bonds.
Barrons.com
China Responds to Economic Concerns With Rate Cut. Why That Isn’t Enough.
Chinese officials have tried to be responsive as the economy loses steam, but reforms from last week’s policy confab and the latest rate cut fall short, analysts say.
Reuters
India ed-tech firm Byju's founder faces reckoning as startup implodes
Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test. The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the country's biggest startup, once loved by global investors who valued it at $22 billion, crashed below $2 billion in valuation. The 44-year-old founder last week lost control of the company as a tribunal kick-started an insolvency process.
Reuters
Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market. At a developer conference in May, Google widely rolled out AI-powered summaries in Search and beefed up its Gemini AI model to better compete with services from OpenAI and Microsoft. Google is also launching new Pixel devices with AI capabilities next month, moving forward its unveiling event, typically set in fall, after Apple announced in June a slew of AI capabilities and an integration with ChatGPT in the latest iPhones.

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Assured Guaranty, Kymera rise; BP, Helen of Troy fall, Tuesday, 7/9/2024

Latest stories

Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning

3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends

“Investing” in Singapore Lottery? The Math Behind Toto and 4D in Singapore

At S$1.15, Is It Time To Put UMS Holdings Limited (SGX:558) On Your Watch List?

4 Solid Singapore REITs with Dividend Yields of 4.7% or Higher

4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow?

3 Companies Joined the US$100 Billion Club for the First Time: Are They Attractive Buys?

Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion

Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know

13 celebrities who lost their fortunes: ‘I had zero money’

Stock market news today: US stocks slip as mixed results from Alphabet, Tesla kick off Big Tech earnings

July 2024 Insight Into Three SGX Stocks Estimated As Undervalued

Wall Street bullish on Nvidia, Apple: Price targets raised

Warren Buffett’s Berkshire Hathaway cuts its stake in EV giant BYD to under 5%, dropping below Hong Kong’s disclosure threshold

US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair

Analysis-China faces growing scepticism over its commitment to decade-old policy pledges

China firms issue record $14 billion convertible bonds as market revives

China Responds to Economic Concerns With Rate Cut. Why That Isn’t Enough.

India ed-tech firm Byju's founder faces reckoning as startup implodes

Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus