Company News for Apr 19, 2024

Barrons.com
Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
a day ago
The Smart Investor
5 Singapore Stocks Paying Out Dividends in May
Here are five stocks that will be dishing out dividends in May. The post 5 Singapore Stocks Paying Out Dividends in May appeared first on The Smart Investor.
21 hours ago
The Smart Investor
5 High-Yielding Singapore REITs Backed by Strong Sponsors
Singapore has plenty of high-yielding REITs. Having a strong sponsor will make a difference. The post 5 High-Yielding Singapore REITs Backed by Strong Sponsors appeared first on The Smart Investor.
17 hours ago
The Edge Singapore
DBS reports record 1QFY2024 net profit of $2.96 bil, 15% higher y-o-y
An interim dividend of 54 cents has been declared.
a day ago
Reuters
DBS quarterly results trounce forecasts, another record year expected
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year's record result. Underpinned by robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), beating market expectations for a 3.5% decline. Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year's net interest income to be around 2023 levels.
22 hours ago
Barrons.com
Seagate Earnings Could Grow 10 Times in Just 2 Years, Analyst Says. Here’s Why.
Seagate stock got a ringing endorsement Wednesday that included a robust earnings forecast. Wedbush analyst Matt Bryson lifted his rating on the disk-drive provider to Outperform from Neutral and set a price target of $100. Seagate Technology Holdings stock was 0.5% higher on Wednesday at $86.22.
a day ago
The Smart Investor
Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings
The logistics REIT also warns of further headwinds that will exert pressure on its distributions. The post Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings appeared first on The Smart Investor.
2 days ago
Fortune
The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it
Goldman Sachs, International Monetary Fund, and the Congressional Budget Office are the latest to warn it’s a looming problem.
a day ago
GOBankingRates
Suze Orman Says This Is the Only Way To Be Investing in the Stock Market
Given her no nonsense approach to building wealth, it's not surprising that financial guru, Emmy-winning TV host and popular podcaster Suze Orman recommends certain risk-averse investments to her...
a day ago
CoinDesk
Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the report said.
a day ago
Yahoo Finance
Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
a day ago
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
8 hours ago
Reuters
Starbucks shares hit two-year low as China, US demand clouds outlook
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China. Price hikes taken last year have forced customers to ditch cafes and restaurants and instead drink coffee at home, hurting business for chains such as Starbucks. "The inability to stop the traffic leakage from the early signs of pull-back in November to date and the worsening macro and competitive dynamics in China may suggest prolonged challenges and no evidence of light at the end of the tunnel," Danilo Gargiulo, senior analyst at Bernstein, wrote in a note.
a day ago
AFP News
Dollar steady and London shares higher before Fed update on rates
The dollar steadied and London shares were slightly higher in holiday-thinned trading Wednesday as investors awaited clarity on the outlook for US interest rates.The dollar, which has gained in recent days against other currencies on interest rate differentials, was largely flat Wednesday as many investors were either away for the May Day holidays or on hold ahead of the Fed's announcements.
a day ago
Reuters
Gold climbs over 1% as dollar, yields fall after Fed's interest-rate decision
Gold prices climbed over 1% on Wednesday as the dollar and U.S. Treasury yields tumbled lower after the Federal Reserve's interest-rate decision and Chair Powell's speech. Spot gold was up 1.7% at $2,323.38 per ounce as of 15:15 p.m. ET (1915 GMT), after hitting its lowest level since April 5 earlier in the session. Benchmark U.S. 10-year bond yields also crept lower.
2 days ago
Zacks
If You Invested $1000 in Skechers a Decade Ago, This is How Much It'd Be Worth Now
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.
8 hours ago
GOBankingRates
Robert Kiyosaki: 7 Ways To Become Wealthy Beyond the 9-to-5
In our pursuit of financial success, we often find ourselves locked into the 9-to-5 grind, convinced that there's no other realistic path to wealth. But what if there were alternative strategies and...
2 days ago
Reuters
Ex-BOJ official predicts Japan will keep intervening to prevent yen free-fall
Japan will likely keep intervening to prop up the yen until the risk of speculators triggering a free fall in the currency has been eliminated, said a former central bank official who was involved in Tokyo's market forays a decade ago. The yen jumped on Thursday on what traders suspect was the second day of intervention following such action on Monday to stem the currency's sharp declines. Japan's Ministry of Finance has declined to confirm whether it had stepped in, leaving markets on edge over the chance of another bout of intervention.
12 hours ago
Reuters
Crypto washout sends bitcoin below $58,000 ahead of Fed decision
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
2 days ago
Fortune
PayPal CEO nods to ‘compelling’ stablecoin potential as total Q1 payments rise 14%
PayPal's quarterly earnings were up, but its CEO stayed relatively quiet on the company's new stablecoin.
2 days ago

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Company News for Apr 19, 2024

Latest stories

Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.

5 Singapore Stocks Paying Out Dividends in May

5 High-Yielding Singapore REITs Backed by Strong Sponsors

DBS reports record 1QFY2024 net profit of $2.96 bil, 15% higher y-o-y

DBS quarterly results trounce forecasts, another record year expected

Seagate Earnings Could Grow 10 Times in Just 2 Years, Analyst Says. Here’s Why.

Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says

Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments

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

Starbucks shares hit two-year low as China, US demand clouds outlook

Dollar steady and London shares higher before Fed update on rates

Gold climbs over 1% as dollar, yields fall after Fed's interest-rate decision

If You Invested $1000 in Skechers a Decade Ago, This is How Much It'd Be Worth Now

Robert Kiyosaki: 7 Ways To Become Wealthy Beyond the 9-to-5

Ex-BOJ official predicts Japan will keep intervening to prevent yen free-fall

Crypto washout sends bitcoin below $58,000 ahead of Fed decision

PayPal CEO nods to ‘compelling’ stablecoin potential as total Q1 payments rise 14%