Company News for Apr 23, 2024

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.
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.
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.
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.
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.
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.
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.
The Edge Singapore
Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale
This surpasses the company’s FY2023 profit before tax of $10.82 million.
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.
MoneySmart
More Than Just a Pit Stop: 5 Hidden Gems at Your Local Petrol Station
Petrol stations are always the reliable, dependable stops that you can count on when you’re in need of some juice for your car, no matter the hour. But beyond their... The post More Than Just a Pit Stop: 5 Hidden Gems at Your Local Petrol Station appeared first on MoneySmart Blog.
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...
Barrons.com
10 Tough Questions for Warren Buffett at Berkshire’s Annual Meeting
Berkshire Hathaway annual meeting is coming up on Saturday and will likely be a bittersweet event. As many as 30,000 investors will travel to Omaha for what CEO Warren Buffett calls a “Woodstock for Capitalists” to soak up the scene and enjoy the financial insights, humor, and life lessons offered by Buffett. For the morning session, he will be accompanied on stage by Berkshire vice chairmen Greg Abel and Ajit Jain.
The Edge Singapore
DBS, POSB internet banking services down for some, two days after MAS’s suspension was lifted
The evening disruption comes just hours after DBS announced yet another record net profit of $2.96 billion for 1QFY2024.
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
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.
Yahoo Finance
AI investments are showing signs of a payoff, but the price is steep
Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.

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Company News for Apr 23, 2024

Latest stories

3 Singapore Blue-Chip Stocks That Reported Solid Earnings

5 High-Yielding Singapore REITs Backed by Strong Sponsors

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

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

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

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

Japanese yen surges on suspected intervention

Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale

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

More Than Just a Pit Stop: 5 Hidden Gems at Your Local Petrol Station

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

10 Tough Questions for Warren Buffett at Berkshire’s Annual Meeting

DBS, POSB internet banking services down for some, two days after MAS’s suspension was lifted

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

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

AI investments are showing signs of a payoff, but the price is steep