AXIS Capital to Host Investor Day on May 30, 2024

Yahoo Finance
Under Armour is collapsing — And Kevin Plank has to take the blame
The Under Armour meltdown continues.
The Edge Singapore
DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month
His remaining 2.3 million shares are worth more than $80 million
Reuters
Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit
MOSCOW (Reuters) -A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions. The St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.
Investing.com
The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs
Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.
Insider Monkey
Jim Cramer’s Latest Stock Picks in May 2024
Jim Cramer on Friday analyzed the market rally following the latest CPI data which showed inflation was easing in April. Cramer said bears are clearly fighting an “uphill” battle and unless they could get any clear sign that inflation is heating up, he expects the rally to continue. Cramer Thinks The Market is “Outrageously Bullish” […]
Reuters
Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says
Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on the most actively shorted stocks tracked by a Goldman Sachs index. Most hedge fund short covering, when investors have to buy back stock borrowed for bearish bets, came from stocks tracked in the Goldman Sachs index, the bank's note said.
Yahoo Finance
Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks
Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Fortune
GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares
Meme stock pump appears to be dying out as GameStop and retail traders cash in on their winnings.
Moneywise
Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves
Consumers still have some control where their money goes.
Barrons.com
The Stock Market Celebrated Inflation Too Soon. Why an Exhausted S&P 500 Is Set to Drop.
Inflation isn’t conquered yet. If it does start trending up again, many of the pillars of the current rally would fall.
Yahoo Finance
These stocks ripped even higher than GameStop in the meme rally
Lesser-known small-cap stocks took part in the meme craze this week, outperforming flagship names.
The Smart Investor
Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI
We review the latest earnings from Singapore’s flagship carrier and look at the latest technological updates from a software giant. The post Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI appeared first on The Smart Investor.
BBC
Post Office: Fujitsu sacked top boss at height of Horizon scandal
Global president Rod Vawdrey then returned to Australia and made millions in a "train wreck" float.
Reuters
Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut
After two dismal years, the U.S. IPO market is staging a strong comeback as not only new private companies are listing their stocks, but foreign companies are also choosing U.S. exchanges to debut in the market. Market participants are expecting a strong pipeline of new entrants as the current year progresses on rising hopes of a rate cut in the second half of the year, which is expected to boost sentiment around IPOs. Haidilao, which started in a small town in Sichuan in 1994, has become one of the most popular Chinese cuisine brands in the world.
Barrons.com
Gold Is at Record Levels. Its Future Still Looks Bright.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
Reuters
Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
The companies are, however, backing away from an initial plan to make an all-cash $26 billion offer for Paramount, the newspaper said. Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings.
Yahoo Finance Video
The story behind the surge in silver, copper, and gold
Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
Barrons.com
World’s Largest Hedge Fund Bet Big on Apple, Nvidia, and Microsoft Stock
Bridgewater Associates bought shares of Apple, Nvidia, and Microsoft in the first quarter, and halved a stake in NIO.
FX Empire
USD/JPY Weekly Price Forecast – US Dollar Continues to Show Support And Strength
The US dollar has gone back and forth during the course of the trading week against the Japanese yen, but has recaptured the ¥155 level, which of course is a very bullish sign.
Zacks
Equinor's (EQNR) Empire Wind 1 Gets Final Approval in New York
Equinor (EQNR) receives the final approval from New York State to begin construction of the 810 MW Empire Wind 1 offshore wind farm, supporting the state's 9,000 MW wind power goal by 2035.

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

AXIS Capital to Host Investor Day on May 30, 2024

Latest stories

Under Armour is collapsing — And Kevin Plank has to take the blame

DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month

Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit

The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs

Jim Cramer’s Latest Stock Picks in May 2024

Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says

Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks

GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares

Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves

The Stock Market Celebrated Inflation Too Soon. Why an Exhausted S&P 500 Is Set to Drop.

These stocks ripped even higher than GameStop in the meme rally

Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI

Post Office: Fujitsu sacked top boss at height of Horizon scandal

Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut

Gold Is at Record Levels. Its Future Still Looks Bright.

Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports

The story behind the surge in silver, copper, and gold

World’s Largest Hedge Fund Bet Big on Apple, Nvidia, and Microsoft Stock

USD/JPY Weekly Price Forecast – US Dollar Continues to Show Support And Strength

Equinor's (EQNR) Empire Wind 1 Gets Final Approval in New York