Company News for Jul 2, 2024

The Smart Investor
Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?
The share prices of these five blue-chip stocks are touching a year-low. Could they be worth your attention? The post Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain? appeared first on The Smart Investor.
Barrons.com
Nvidia Is the Fifth Most Profitable Company in the S&P 500. Here Are the 4 That Beat It.
Net income margin, which is calculated by dividing net income by revenue, shows how much money a company is making from its sales
Fortune
Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor
Ballmer was employee No. 30 at Microsoft but got most of his wealth from a sweetheart deal.
The Edge Singapore
DBS buys 1 mil units in CLINT for $990,000
After the transaction, DBS now owns 0.656% of the units in the REIT.
BBC
Jeff Bezos to sell another $5bn of Amazon shares
In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.
Benzinga
Palantir's Peter Thiel Says It's 'Very Strange' That Most Money In AI Is Being Made By Only One Company
Last week, while appearing at the Aspen Ideas Festival, Palantir Technologies (NYSE:PLTR) co-founder Peter Thiel shared his insights on artificial intelligence, Nvidia Corp. (NASDAQ:NVDA), and ChatGPT-parent OpenAI. Don't Miss: Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. What Happened: During the fes
INSIDER
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
WSJ
Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
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.
Singapore SGX Showcases Three Key Dividend Stocks
As global markets navigate through varying economic climates, the Singapore Exchange (SGX) remains a focal point for investors seeking stability and consistent returns. In this context, dividend stocks often emerge as attractive options due to their potential to provide steady income streams. In light of current market conditions, a good dividend stock typically features robust fundamentals and a history of resilient performance across economic cycles, aligning well with the needs of...
Barrons.com
12 Stocks to Buy Before the Fed Cuts Rates
The next move is almost certainly lower, which should benefit dividend payers, home builders, and auto makers.
Insider Monkey
Here’s Why Billionaire Leon Cooperman Loves Sea Limited (NYSE:SE)
We recently published a list of the 10 Best Stock Picks of Billionaire Leon Cooperman in 2024. Since Sea Limited (NYSE:SE) ranks 10th on the list, it deserves a deeper look. Billionaire Leon Cooperman predicted in April that the US is headed for a financial crisis. Cooperman said that the Federal Reserve kept interest rates near zero, but […]
Investing.com
Japanese yen fragile as USDJPY nears 162; intervention in focus
Investing.com-- The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation over government intervention.
Simply Wall St.
SGX Stocks Estimated To Be Undervalued In July 2024
The Singapore stock market has shown resilience amidst global economic uncertainties, maintaining a steady trajectory that captures the attention of investors looking for stability. As the market navigates through these conditions, identifying undervalued stocks becomes crucial for those aiming to capitalize on potential opportunities for growth and value.
CoinDesk
Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarket
Supporters are calling on the vice president to step up following boss Biden's doddering debate debacle.
Reuters
BNP, UBS said to show Interest in HSBC’s German Wealth Unit, Bloomberg News reports
Julius Baer is also among potential bidders for the wealth-management business which could be valued at 300 million euros to 600 million euros ($324.36 million to $648.72 million) in a deal, the report added. In a separate report by German newspaper Boersenzeitung, Dutch Bank ABN Amro was also said to be nearing a deal for HSBC's German wealth management unit, formerly known as Trinkaus & Burkhardt. The Bloomberg report also added that HSBC is working with Bank of America Corp. on the potential divestment of Inka, its German fund administration business.
Associated Press
Stock market today: Asian shares are mostly higher after Wall Street hits more records
Shares were mostly higher in Asia on Thursday after Wall Street’s record-breaking rally powered on. Shares fell in Chinese markets but rose in the rest of the region. U.S. futures were nearly unchanged and oil prices fell.
Simply Wall St.
Exploring Alternatives To Frasers Property With One Superior SGX Dividend Stock
In the quest for reliable dividend stocks, understanding the trajectory of a company's dividend payouts is essential. In Singapore, where dividends on average increased by 3.7% last year, it's important to identify stocks that consistently maintain or increase their dividends. However, companies like Frasers Property present a cautionary tale with their declining dividend trends, signaling potential risks for income-focused investors.
Zacks
BlackRock's (BLK) Outlook Lowered by Moody's on Debt Concern
BlackRock's (BLK) outlook is downgraded to negative by Moody's. The move is triggered by the high debt concern as the company plans to fund the two recent acquisitions through debt.
Zacks
Estee Lauder (EL) on Track With Profit Recovery Amid Hurdles
Estee Lauder (EL) is on track to operationalize the Profit Recovery Plan to focus on rebuilding stronger and more sustainable profitability alongside supporting sales growth.

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Company News for Jul 2, 2024

Latest stories

Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?

Nvidia Is the Fifth Most Profitable Company in the S&P 500. Here Are the 4 That Beat It.

Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor

DBS buys 1 mil units in CLINT for $990,000

Jeff Bezos to sell another $5bn of Amazon shares

Palantir's Peter Thiel Says It's 'Very Strange' That Most Money In AI Is Being Made By Only One Company

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs

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

Singapore SGX Showcases Three Key Dividend Stocks

12 Stocks to Buy Before the Fed Cuts Rates

Here’s Why Billionaire Leon Cooperman Loves Sea Limited (NYSE:SE)

Japanese yen fragile as USDJPY nears 162; intervention in focus

SGX Stocks Estimated To Be Undervalued In July 2024

Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarket

BNP, UBS said to show Interest in HSBC’s German Wealth Unit, Bloomberg News reports

Stock market today: Asian shares are mostly higher after Wall Street hits more records

Exploring Alternatives To Frasers Property With One Superior SGX Dividend Stock

BlackRock's (BLK) Outlook Lowered by Moody's on Debt Concern

Estee Lauder (EL) on Track With Profit Recovery Amid Hurdles