Billionaire Gautam Adani's family raises Ambuja Cement stake with $799 million infusion

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.
The Smart Investor
4 Singapore Stocks That Raised Their Dividends
We highlight four stocks that recently upped their dividends. The post 4 Singapore Stocks That Raised Their Dividends appeared first on The Smart Investor.
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.
The Independent
Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
Bloomberg
Japan’s rich will invest US$1.4 trillion more by 2030, report says
Mega-wealthy Japanese will contribute to a more than 30% surge in the value of assets they invest by the end of the decade as cash-heavy households deploy more in markets, according to an analysis by Morgan Stanley.
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
Oil falls 1% on sticky US inflation, dampened geopolitical risk premium
HOUSTON (Reuters) -Oil prices settled 1% lower on Tuesday as lingering U.S. inflation looked likely to keep interest rates higher for longer, weighing on fuel demand. Brent crude futures settled down 83 cents, or 1%, to $82.88 a barrel. Ahead of this weekend's Memorial Day holiday, which kicks off the U.S. peak summer driving season, retail gasoline prices fell for the fourth consecutive week to $3.58 per gallon on Monday, the Energy Information Administration (EIA) said in its gasoline and diesel fuel update.
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...
USA TODAY
Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.
The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
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.
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.
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
XPeng Stock Jumps on Earnings. There’s Hope for China EVs.
XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.
CNN Business
Jamie Dimon could step down sooner than expected. Here’s who could run the country’s biggest bank
JPMorgan Chase CEO Jamie Dimon has bumped up his retirement plans, the longtime head of America’s largest bank said Monday.
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.
Zacks
Tap into Bitcoin's Bull Market with these 3 Crypto Stocks
Bitcoin is in a raging bull market and is likely to move much higher. Stock Strategist Andrew Rocco shows you how to tap into Bitcoin's performance with 3 leading crypto stocks.
FX Empire
AUD/USD Forecast – Australian Dollar Continues to See Questions Asked
The Aussie continues to see a lot of noise, as we had recently broke above the top of a major consolidation rectangle form the past several months. However, it seems as if we are continuing to see a lot of hesitation at this point.
Yahoo Finance
Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earnings
Investors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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.
Barrons.com
DJT Earnings Report Shows Trump Media Loss. The Stock Is Falling.
The company reported revenue of $770,500 in the January-March period, most of which came from “the company’s nascent advertising initiative.”

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Billionaire Gautam Adani's family raises Ambuja Cement stake with $799 million infusion

Latest stories

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

4 Singapore Stocks That Raised Their Dividends

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

Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m

Japan’s rich will invest US$1.4 trillion more by 2030, report says

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

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

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

Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.

New Strong Sell Stocks for May 20th

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

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

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.

Jamie Dimon could step down sooner than expected. Here’s who could run the country’s biggest bank

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

Tap into Bitcoin's Bull Market with these 3 Crypto Stocks

AUD/USD Forecast – Australian Dollar Continues to See Questions Asked

Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earnings

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

DJT Earnings Report Shows Trump Media Loss. The Stock Is Falling.