CommScope to Release First Quarter 2024 Financial Results on May 9

The Smart Investor
3 Singapore Blue-Chip Stocks That Reported Solid Earnings
Here are three Singapore blue-chip stocks that delivered a robust set of earnings. The post 3 Singapore Blue-Chip Stocks That Reported Solid Earnings appeared first on The Smart Investor.
Fortune
Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
The Telegraph
Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones
Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei.
Yahoo Finance
Apple CEO Tim Cook boasts of future AI plans after earnings beat
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Reuters
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
BBC
Apple sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.
CNN Business
Apple plans record $110 billion share buyback amid challenging earnings report
Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain economic environment.
Benzinga
Warren Buffett Shares A Secret Weapon For Success — 'We've Done Better By Avoiding Dragons Than By Slaying Them'
Warren Buffett’s annual Berkshire Hathaway letters are a breath of fresh air in finance. Packed with investment wisdom, they transcend the trading floor and offer practical advice applicable to anyone seeking success in life. Buffett’s genius lies in his ability to distill complex financial concepts into simple, actionable principles. Whether you’re a seasoned investor or navigating daily decisions, his insights prove valuable. Don't Miss: Are you rich? Here’s what Americans think you need to be
Yahoo Finance
Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
Zacks
Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
Reuters Videos
Japanese yen surges on suspected intervention
STORY: The Japanese yen surged against the dollar in the early hours of Thursday. Traders said it looked like another round of intervention by Tokyo authorities to prop up the ailing currency. The dollar fell to 153 against the yen, from over 157 earlier, though it later clawed back much of the losses. It comes after the Japanese currency slid to multi-decade lows against the greenback. Speaking earlier in the week there was a hint of action from Vice Finance Minister Masato Kanda, who overseas yen policy: “The extreme and abnormal fluctuation caused by speculation and its negative impact on the national economy cannot be overlooked. Therefore, we would like to continue to take appropriate actions when necessary.”On Thursday there was no confirmation from the government that intervention had taken place. However, it’s thought a similar move also happened on Monday. Money market data the following day suggest Japan’s finance ministry spent $35 billion propping up the currency. The yen has been pummelled by factors including Japan’s very low interest rates compared to the U.S. Though the Bank of Japan did finally do a hike in March, a gulf remains. That’s likely to remain the case for some time, with stubbornly high inflation in the U.S. seen delaying rate cuts by the Federal Reserve. Such factors have seen the yen fall around 10% versus the dollar just this year.
Barrons.com
Bitcoin Nurses Its Wounds After Its Worst Stretch This Year. What Comes Next.
Bitcoin fell more than 10% in the first three days of this week, the worst three-day stretch since August 2023.
The Smart Investor
5 US Growth Stocks That Are Growing Their Profits and Dividends
We profile five promising US growth stocks that are enjoying increasing profits and dividends. The post 5 US Growth Stocks That Are Growing Their Profits and Dividends appeared first on The Smart Investor.
Benzinga
Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts
This story was first published on the Benzinga India portal. As part of a significant cost-cutting strategy, Alphabet Inc's Google (NASDAQ: GOOGL) recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed nearly 50 engineering roles stationed at its California headquarters. According to internal documents obtained by CNBC, Google intends to recruit new staff in India and Mexico to fill these vacated roles. The cor
GOBankingRates
Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
Reuters
Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. Though Powell on Wednesday acknowledged a lack of recent progress in the Fed’s battle against rising consumer prices, he reiterated the view that interest rates are likely headed lower this year. That was a relief for those worried the Fed could be eyeing more rate increases after three straight months of stronger-than-expected inflation.
Reuters
Credit Suisse may face $36 million fine over South Korea short-selling, says Chosun Ilbo
South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo daily reported on Thursday, citing industry sources. The Financial Supervisory Service (FSS) is set to announce on Friday the mid-term findings from its investigation of short-selling by global investment banks. The FSS declined to comment on the Chosun Ilbo report.
Reuters
Shell smashes forecasts with $7.7 billion quarterly profit
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. Shell's cashflow rose by 6% from the previous quarter to $13.3 billion, reflecting strong operational performance, particularly in the LNG division, which together with trading helped offset a decline in natural gas prices that weighed on earnings of rivals including Exxon Mobil and Chevron last week. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions," CEO Wael Sawan said.
CNN
At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says
Drugmaker Novo Nordisk said it’s been increasing supply of its sought-after weight-loss drug Wegovy, with at least 25,000 people now starting to take the medicine each week in the United States.
Reuters
Analysis-Japan faces a tough tug-of-war with yen bears
Japan appears to have bought some time and respite for a tumbling yen through its latest bursts of suspected , yet it has also set itself up for a protracted war with a market that views the currency as a compelling sell, analysts say. Traders estimate the Bank of Japan (BOJ) spent nearly $59 billion defending the currency this week, helping to put the yen on track for its best weekly performance in over a year. The yen has swung wildly during the suspected intervention bouts, gaining nearly 5 yen in a matter of minutes and relinquishing part of that speedily.

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CommScope to Release First Quarter 2024 Financial Results on May 9

Latest stories

3 Singapore Blue-Chip Stocks That Reported Solid Earnings

Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?

Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones

Apple CEO Tim Cook boasts of future AI plans after earnings beat

Global hedge funds chase Hong Kong stocks rally, UBS says

Apple sales fall in nearly all countries

Apple plans record $110 billion share buyback amid challenging earnings report

Warren Buffett Shares A Secret Weapon For Success — 'We've Done Better By Avoiding Dragons Than By Slaying Them'

Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%

Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?

Japanese yen surges on suspected intervention

Bitcoin Nurses Its Wounds After Its Worst Stretch This Year. What Comes Next.

5 US Growth Stocks That Are Growing Their Profits and Dividends

Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts

Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends

Analysis-Powell's soothing tone may not be enough for inflation-spooked markets

Credit Suisse may face $36 million fine over South Korea short-selling, says Chosun Ilbo

Shell smashes forecasts with $7.7 billion quarterly profit

At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says

Analysis-Japan faces a tough tug-of-war with yen bears