Company News for Apr 30, 2024

CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
MoneySmart
Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
The Edge Singapore
Seatrium wins offshore rig integration contract from repeat customer SBM Offshore
Announcement of the contract win came a day after Seatrium and four other counters were removed from a key market index
Reuters
Grab raises annual profit view after strong first-quarter revenue growth
(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year. In an interview with Reuters, CFO Peter Oey said a surge in Southeast Asian tourism, along with an increase in corporate events and concerts in the last quarter, bolstered the demand for ride-share services.
Zacks
The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend
These product releases just reaffirmed how massively this technology is going to change our lives
Yahoo Finance
Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Yahoo Finance
Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
Simply Wall St.
Unveiling 3 SGX Dividend Stocks With Yields Starting At 4.9%
As the Singapore market continues to innovate, with recent developments like the collaboration between Mastercard and Standard Chartered exploring tokenised deposits and carbon credits, there is a growing interest in financial technologies that could reshape investment landscapes. In this dynamic environment, dividend stocks remain a cornerstone for investors looking for stable returns, particularly those yielding starting from 4.9%, which can offer a blend of reliability and potential growth...
Simply Wall St.
Is Advanced Micro Devices, Inc. (NASDAQ:AMD) Potentially Undervalued?
Today we're going to take a look at the well-established Advanced Micro Devices, Inc. ( NASDAQ:AMD ). The company's...
The Independent
Under Armour is laying off workers as bloodbath of job cuts across US grows
The company made the announcement in its fourth quarter report
AFP News
Japan economy suffers worse-than-expected contraction of 0.5%
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.In the previous quarter, from July to September, GDP suffered a major contraction of 0.9 percent, also revised on Thursday from an earlier reading of minus 0.8 percent.
SmartAsset
How Long Will $300,000 Last Me in Retirement?
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
Reuters SG
UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Zacks
Here's How Much You'd Have If You Invested $1000 in Alphabet a Decade Ago
Holding on to popular or trending stocks for the long-term can make your portfolio a winner.
GOBankingRates
Here’s Why You Should Consider Investing in Intel Today
In 2022, Congress passed the CHIPS Act to promote semiconductor development within the United States, rather than from foreign providers. Specifically, the act appropriated $39 billion to help wean...
Reuters
FTSE 100 ends lower on disappointing corporate updates, BT Group soars
(Reuters) -Britain's FTSE 100 closed slightly lower on Thursday, as disappointing news from EasyJet and Sage Group offset a surge in BT Group after the telecoms group's new boss unveiled steps to boost its cash flow. BT Group's shares surged a record 17.2% after CEO Allison Kirkby set out a path to more than double free cash flow over the next five years and potentially dispose of its global enterprise business. Helping counter those gains, shares of EasyJet slid 6.0% after the budget airline said CEO Johan Lundgren will step down in early 2025 and reported first-half losses in line with its expectations.
AFP News
Stock markets set records, dollar slides as US inflation cools
Stock markets struck record highs Wednesday after official data showed US inflation cooled slightly in April, raising hopes that the Federal Reserve will cut interest rates in the coming months.Given the inflation data "combined with Powell's reiteration yesterday that the bar to rate hikes remains very high, it looks like stocks have a clear path to make another run at record highs," said IG analyst Chris Beauchamp.
Reuters
US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets
Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record highs with technology stocks leading the charge.
The Smart Investor
5 Dependable US Growth Stocks That Pay Increasing Dividends
Here are five reliable US growth stocks that also pay out higher dividends. The post 5 Dependable US Growth Stocks That Pay Increasing Dividends appeared first on The Smart Investor.
Barrons.com
Baidu Stock Jumps as Earnings Top Estimates and AI Boosts Cloud Revenue
Baidu reports earnings and revenue above analysts’ expectations as the Chinese tech company says its AI technology continues to propel growth in cloud revenue.

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Company News for Apr 30, 2024

Latest stories

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500

Seatrium wins offshore rig integration contract from repeat customer SBM Offshore

Grab raises annual profit view after strong first-quarter revenue growth

The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend

Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPI

Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months

Unveiling 3 SGX Dividend Stocks With Yields Starting At 4.9%

Is Advanced Micro Devices, Inc. (NASDAQ:AMD) Potentially Undervalued?

Under Armour is laying off workers as bloodbath of job cuts across US grows

Japan economy suffers worse-than-expected contraction of 0.5%

How Long Will $300,000 Last Me in Retirement?

UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro

Here's How Much You'd Have If You Invested $1000 in Alphabet a Decade Ago

Here’s Why You Should Consider Investing in Intel Today

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

Stock markets set records, dollar slides as US inflation cools

US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets

5 Dependable US Growth Stocks That Pay Increasing Dividends

Baidu Stock Jumps as Earnings Top Estimates and AI Boosts Cloud Revenue