Is he Boeing’s next CEO?

Moneywise
Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'
It's all about where the returns come from.
The Smart Investor
3 Singapore REITs I Plan to Buy When the Market Crashes
Should there be a market crash, here are three Singapore REITs that I am eyeballing for my portfolio. The post 3 Singapore REITs I Plan to Buy When the Market Crashes appeared first on The Smart Investor.
Simply Wall St.
Here's Why We're Wary Of Buying SIA Engineering's (SGX:S59) For Its Upcoming Dividend
SIA Engineering Company Limited ( SGX:S59 ) is about to trade ex-dividend in the next 3 days. The ex-dividend date is...
The Smart Investor
Southeast Asia’s First-Ever Fortune 500 Ranking: 3 Companies You Should Keep Your Eye On
Here are three companies that made it to Southeast Asia’s first-ever Fortune 500 list. The post Southeast Asia’s First-Ever Fortune 500 Ranking: 3 Companies You Should Keep Your Eye On 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 .
Simply Wall St.
SGX Dividend Stocks To Watch In July 2024
As we approach July 2024, the Singapore market continues to show resilience, with stable performance across various sectors. This stability provides a conducive environment for investors looking at dividend stocks as a potential avenue for steady income. In considering dividend stocks, it's important to focus on companies with strong fundamentals and consistent payout histories, especially in the current economic landscape.
Simply Wall St.
Haw Par (SGX:H02) investors are sitting on a loss of 15% if they invested five years ago
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some...
AFP News
Trial starts for Vietnam tycoon in $146 million graft case
A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country's business elite.In April, a top Vietnamese property tycoon sentenced to death in a $27 billion fraud case, launched an appeal against her conviction.
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
Insider Monkey
Alibaba Group Holding Limited (BABA): The Best Undervalued Stock According to Reddit?
We recently compiled a list of the 10 Best Undervalued Stocks to Buy According to Reddit. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against the other undervalued stocks. If interested, read our recent piece on the 10 Most Undervalued Stocks to Buy for Under […]
AFP News
Asian markets drop as Biden drops out of White House race
Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared unmoved by China's decision to cut interest rates in a bid to boost its stuttering economy.The developments out of Washington have overshadowed optimism that the Federal Reserve will cut interest rates as soon as September and possibly again before January.
Benzinga
Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'
Cryptocurrency analyst Kevin Svenson has predicted a potential 83% surge for Bitcoin (CRYPTO: BTC) but noted that this is contingent upon the stability of the stock market. Svenson suggested that the digital currency is on the verge of a significant increase. In a video on YouTube posted this week, he asserted that Bitcoin is within a bullish structure that began in early 2023 and could potentially rise by 72% to 83% from its current standing. Don’t Miss: 1 in 4 Americans own a share of Bitcoin
Insider Monkey
Intel Corporation (INTC): One of the Best Undervalued Stocks to Buy Now According to Reddit
We recently compiled a list of the 10 Best Undervalued Stocks to Buy According to Reddit. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other undervalued stocks. If interested, read our recent piece on the 10 Most Undervalued Stocks to Buy for Under $20. Retail […]
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
Europe's STOXX 600 regains some ground after last week's battering
European shares closed up on Monday, recouping some of the steep losses clocked last week with technology and financials leading gains, while Ryanair led a rout amongst airlines after reporting a quarterly profit slump. The pan-European STOXX 600 index closed 0.9% higher, coming off a five-day losing run, a streak last seen in October 2023. Most sectoral indexes closed higher, with technology shares adding 1.8%, coming off their worst weekly drop in over three years, as some chip stocks rebounded following the global selloff seen last week when investors fretted over the prospects of possible U.S. trade restrictions.
Associated Press
China moves to pep up its slowing economy, lays out roadmap for its future
China's ruling Communist Party released a 50-page roadmap addressing long-term challenges confronting the world's second-largest economy, while the central bank cut key interest rates Monday in a surprise move to pep up the struggling property sector. The action by the People's Bank of China was a short-term adjustment that appeared to signal a recognition that the economy needs immediate help to complement the party's broader ambitions of following leader Xi Jinping's vision for transforming China into a “high-standard socialist market economy in all respects” by 2035. “If we are to break new ground in advancing Chinese modernization on the new journey in the new era, we must continue to rely on reform and opening up,” Xi said in a written explanation of reforms endorsed last week at a four-day policy-setting meeting.
Reuters
Fed may be on cusp of emerging from 'elevated' inflation blues
In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and policymakers shifted from their more passive tone about inflation and began describing it as "elevated." Triggered after the personal consumption expenditures price index used by the Fed to set its inflation target topped 4% in May, June and July of that year, the elevated inflation description remains in the rate-setting Federal Open Market Committee's policy statement to this day, even with the PCE now down to 2.6% and, it seems, still falling. The Fed's policy meeting next week may finally usher the word out the door.
Reuters Videos
Nvidia prepping new China chip in line with export curbs
STORY: Nvidia is working on a new version of its flagship AI chips that is meant to avoid U.S. restrictions on sales to China. That’s according to Reuters sources. They say the new silicon will be compatible with Washington’s export controls. There was no comment on the report from the company. The AI chip champion unveiled its “Blackwell” semiconductors in March. It’s thought the new product for China will be a derivative. The U.S. tightened controls on the export of chips to China in 2023. It wants to prevent breakthroughs in supercomputing that could help the country’s military. Recent reports claim more controls are likely, with Washington pressuring allies like Japan to impose further controls too. Since the U.S. curbs were introduced, Chinese tech giants including Huawei have sought to develop their own alternative semiconductors. That’s a challenge Nvidia would like to defeat, with China accounting for over a quarter of its sales before the recent tensions began.
Yahoo Finance Video
Hugh Hendry warns: 'The money system is dying'
“Something is going to break,” says Hugh Hendry, “and it’s going to feel really, really scary and there’s going to be a big correction.” The famed former global macro hedge fund manager, in a discussion about the yen, raises the red flag on the money system of the world. Hendry shares his insights with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts.This post was written by Jimi Corpuz
Reuters Videos
Ryanair profit misses target, shares tumble
STORY: Ryanair reported a huge fall in after-tax earnings on Monday (July 22).The budget airline said profit was down 46% for the April to June quarter from the previous year at $392 million.It was well below analyst forecasts of around $586 million.CEO Michael O'Leary said average fares per passenger fell 15% in the quarter from a year earlier.He added the airline was forced to engage in "more price stimulation than expected."And he further warned fares for its key summer months would be lower than last year.That's not great news for investors, as Ryanair usually makes most of its profit during the July-September quarter.O'Leary said it was too early to forecast profit for the full financial year, which ends on March 31.Ryanair said it thought the weakness in fares was due to consumers being "more frugal, a bit more cautious."Investors were alarmed by Monday's update, and shares dropped around 12% in early trade. The Irish airline has seen its shares tumble over recent months, in large part due to fare weakness.

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Is he Boeing’s next CEO?

Latest stories

Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'

3 Singapore REITs I Plan to Buy When the Market Crashes

Here's Why We're Wary Of Buying SIA Engineering's (SGX:S59) For Its Upcoming Dividend

Southeast Asia’s First-Ever Fortune 500 Ranking: 3 Companies You Should Keep Your Eye On

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

SGX Dividend Stocks To Watch In July 2024

Haw Par (SGX:H02) investors are sitting on a loss of 15% if they invested five years ago

Trial starts for Vietnam tycoon in $146 million graft case

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

Alibaba Group Holding Limited (BABA): The Best Undervalued Stock According to Reddit?

Asian markets drop as Biden drops out of White House race

Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'

Intel Corporation (INTC): One of the Best Undervalued Stocks to Buy Now According to Reddit

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

Europe's STOXX 600 regains some ground after last week's battering

China moves to pep up its slowing economy, lays out roadmap for its future

Fed may be on cusp of emerging from 'elevated' inflation blues

Nvidia prepping new China chip in line with export curbs

Hugh Hendry warns: 'The money system is dying'

Ryanair profit misses target, shares tumble