Closing prices for crude oil, gold and other commodities

The Smart Investor
4 Reliable Singapore Dividend Stocks That I Never Intend to Sell
There are good reasons not to let go of a great dividend-paying stock. Here are four of them I plan to hold for the rest of my life. The post 4 Reliable Singapore Dividend Stocks That I Never Intend to Sell appeared first on The Smart Investor.
Reuters
BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances
Thailand's consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected. Wang gave assurances that future pricing would be appropriate and affected customers would receive support, according to a government spokesman.
Moneywise
Tennessee man goes from janitor to driving a $3 million Bugatti, calls this asset 'better' than real estate
It can be done.
Reuters
Bitcoin set for worst week in nearly a year on Mt. Gox liquidation fears
NEW YORK/SINGAPORE/LONDON (Reuters) -Bitcoin was set for its biggest weekly fall in nearly a year on Friday, as traders fretted over the likely dumping of tokens from defunct Japanese exchange Mt. Gox and further selling by leveraged players after the cryptocurrency's strong run. The price of the world's largest cryptocurrency slid as much as 8% on the day to $53,523, its lowest since late February. Media reports said Mt. Gox, the world's leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token's worth was only hundreds of dollars in 2014.
Fortune
Wall Street’s biggest bear—once dubbed ‘Gandalf’ for his market foresight—is out of a job after predicting a U.S. recession that never happened
JPMorgan’s Marko Kolanovic made a name for himself as a contrarian during the pandemic, but too many wrong-footed calls finally caught up with him.
Insider Monkey
Jim Cramer Says Palantir Technologies Inc (NYSE:PLTR) is like a ‘Giant Black Box’
We recently published a list of Jim Cramer’s Latest Stock Portfolio: Top 10 Recommendations. Since Palantir Technologies Inc (NYSE:PLTR) ranks 4th on the list, it deserves a deeper look. Jim Cramer in a latest program talked about the concept of “suitability” of stocks in investing, which emphasizes the importance of picking individual stocks based on your […]
The Hill
Nvidia’s rapid rise hits ‘bumps in the road’
After blowing past a $3 trillion market capitalization and briefly becoming the most valuable company in the world last month, Nvidia has lost and regained hundreds of billions of dollars in value in recent days. While the chipmaker’s volatility has sparked some concerns about the sustainability of the stock market’s artificial intelligence (AI) boom, experts…
Insider Monkey
Here are the Reasons Why You Should Hold NVIDIA Corporation (NVDA) for the Long Term
Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]
Simply Wall St.
Is Keppel Infrastructure Trust's (SGX:A7RU) 6.0% ROE Better Than Average?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Reuters
China's central bank has hundreds of billions of yuan of bonds at its disposal to cool long rally
China's central bank has hundreds of billions of yuan worth of bonds at its disposal to borrow, and will sell them depending on market conditions, the bank told Reuters on Friday, part of a plan markets see as an effort to cool a powerful bond rally. The People's Bank of China (PBOC) will borrow the medium- and long-term bonds on an open-ended unsecured basis and sell them depending on market conditions, as it has signed agreements with several major financial institutions regarding bond borrowing, according to the bank. The official remarks come at a time China's sovereign bonds have performed strongly this year, with yields hitting record lows, as a wobbly economy and volatile stock markets pushed savers into fixed-income safe haven investments.
The Guardian
Shell to take hit of up to $2bn on Rotterdam and Singapore sites
Oil firm’s warning comes after it had to halt work on Europe’s largest biofuel project and sell refinery in Asia
Reuters
China steps up pressure with EU brandy probe hearing as EV tariffs begin
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
Reuters Videos
China's BYD opens first EV factory in Southeast Asia
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
Reuters
Japan household spending falls unexpectedly, clouds BOJ rate path
TOKYO (Reuters) -Japanese household spending fell unexpectedly in May as higher prices continued to squeeze consumers' purchasing power, data showed on Friday, complicating the central bank's decision on how soon to raise interest rates. Many analysts expect consumption to rebound in the coming months as big wage hikes offered by companies and a tax break aimed at cushioning the blow from rising living costs reach households. The Bank of Japan (BOJ) will highlight how pay increases are spreading, including at smaller firms, in a report due later this month, sources have told Reuters, a trend that strengthens the case for a near-term interest rate hike.
The Smart Investor
Top Stock Market Highlights of the Week: SK Hynix, Tencent, BlackRock and City Developments Limited
The chip sector receives another boost while an e-commerce player’s latest game release is performing very well. The post Top Stock Market Highlights of the Week: SK Hynix, Tencent, BlackRock and City Developments Limited appeared first on The Smart Investor.
SETHLUI.COM
1.5 million Singaporeans to get up to S$850 GST vouchers as cash in Aug
The post 1.5 million Singaporeans to get up to S$850 GST vouchers as cash in Aug appeared first on SETHLUI.com.
AFP News
Why are Chinese electric cars in EU crosshairs?
The European Union will impose additional provisional duties of up to 38 percent on Chinese electric cars from Friday after concluding manufacturers in China benefited from unfair state support.The EU will now impose provisional duties between 20 and 38 percent on top of the current 10 percent tariff on Chinese electric cars.
Simply Wall St.
Exploring July 2024's SGX Stocks Estimated To Be Below Intrinsic Value
As of July 2024, the Singapore market continues to present varied opportunities for investors, with certain sectors showing resilience amidst global economic fluctuations. In this context, identifying stocks that are trading below their intrinsic value could offer potential for those looking to invest wisely in undervalued assets.
AFP News
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
CoinDesk
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.

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Closing prices for crude oil, gold and other commodities

Latest stories

4 Reliable Singapore Dividend Stocks That I Never Intend to Sell

BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances

Tennessee man goes from janitor to driving a $3 million Bugatti, calls this asset 'better' than real estate

Bitcoin set for worst week in nearly a year on Mt. Gox liquidation fears

Wall Street’s biggest bear—once dubbed ‘Gandalf’ for his market foresight—is out of a job after predicting a U.S. recession that never happened

Jim Cramer Says Palantir Technologies Inc (NYSE:PLTR) is like a ‘Giant Black Box’

Nvidia’s rapid rise hits ‘bumps in the road’

Here are the Reasons Why You Should Hold NVIDIA Corporation (NVDA) for the Long Term

Is Keppel Infrastructure Trust's (SGX:A7RU) 6.0% ROE Better Than Average?

China's central bank has hundreds of billions of yuan of bonds at its disposal to cool long rally

Shell to take hit of up to $2bn on Rotterdam and Singapore sites

China steps up pressure with EU brandy probe hearing as EV tariffs begin

China's BYD opens first EV factory in Southeast Asia

Japan household spending falls unexpectedly, clouds BOJ rate path

Top Stock Market Highlights of the Week: SK Hynix, Tencent, BlackRock and City Developments Limited

1.5 million Singaporeans to get up to S$850 GST vouchers as cash in Aug

Why are Chinese electric cars in EU crosshairs?

Exploring July 2024's SGX Stocks Estimated To Be Below Intrinsic Value

EU slaps Chinese electric cars with tariffs of up to 38%

As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool