Company News for June 4, 2024

Insider Monkey
The Wealthiest Person in Singapore
We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. An Outlook of the Singaporean Economy According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP […]
The Smart Investor
Share Prices of These 4 Singapore Stocks Are Hitting Their 52-Week Highs: Can They Continue Their Run?
These four Singapore stocks are seeing their share prices shooting up, but can they continue to do so? The post Share Prices of These 4 Singapore Stocks Are Hitting Their 52-Week Highs: Can They Continue Their Run? appeared first on The Smart Investor.
The Smart Investor
4 Singapore Blue-Chip Stocks Delivering Dividend Yields of 5.6% or More
If you desire a mix of stability and high yield, these four blue-chip stocks should be suitable for your portfolio. The post 4 Singapore Blue-Chip Stocks Delivering Dividend Yields of 5.6% or More appeared first on The Smart Investor.
PC Gamer
Nvidia loses $500 billion in the biggest short term loss in company value in all of recorded history. A year ago that would have killed it yet today it will barely notice
After briefly becoming the world's most valuable company Nvidia has now experienced the biggest three-day loss in value of any company ever.
The Smart Investor
Sheng Siong’s Share Price is Languishing Near its 52-Week Low: Can the Retailer Find its Mojo Again?
The supermarket retailer’s share price has stayed stagnant in recent months. Can Sheng Siong see a recovery on the horizon? The post Sheng Siong’s Share Price is Languishing Near its 52-Week Low: Can the Retailer Find its Mojo Again? appeared first on The Smart Investor.
Barrons.com
Nvidia CEO Jensen Huang Sold $95 Million of Stock. Other Chip CEOs Are Selling.
Nvidia stock has rocketed 156% so far in 2024, and Jensen Huang has been selling stock through a trading plan. His peers are also selling.
Simply Wall St.
Shareholders in SATS (SGX:S58) are in the red if they invested five years ago
SATS Ltd. ( SGX:S58 ) shareholders should be happy to see the share price up 13% in the last quarter. But over the last...
Barrons.com
This Stock Is Beating Nvidia—and It’s Set to Climb Even More
Abercrombie & Fitch’s stock has smoked Nvidia’s in the past year. A strategic makeover under CEO Fran Horowitz is winning fans on Wall Street and Main.
Simply Wall St.
Unveiling Three SGX Stocks That Might Be Trading Below Their Estimated Fair Value
As the Singapore market continues to evolve, investors are keenly observing trends and shifts that could signal new opportunities. Amidst these developments, identifying stocks that may be trading below their estimated fair value could offer potential for those looking to diversify or optimize their portfolios in current market conditions.
Bloomberg
Singapore raises home supply to decade high as market cools
Singapore is moving forward with a plan to release the most private housing supply since 2013 even as interest from developers cools.
USA TODAY
Stock splits make Nvidia and Chipotle shares more affordable. Should you buy them?
Stocks splits from the likes of Nvidia and Chipotle and others make shares more affordable for people to buy. Should you? What to know.
Benzinga
What's Going On With Broadcom Stock On Tuesday?
Broadcom Inc (NASDAQ:AVGO) recently announced significant updates to its VMware Cloud Foundation (VCF), aiming to enhance digital innovation with faster infrastructure modernization, improved developer productivity, and better cybersecurity at a low total cost of ownership. The latest advancements in VCF support customers’ needs by integrating enterprise-class computing, networking, storage, management, and security across various environments. The new VCF Import functionality allows seamless in
Reuters
US dollar's dominance secure, BRICS see no progress on de-dollarization -report
The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council's GeoEconomics Center shows. The group's "Dollar Dominance Monitor" said the dollar continued to dominate foreign reserve holdings, trade invoicing, and currency transactions globally and its role as the primary global reserve currency was secure in the near and medium term. Dollar dominance — the outsized role of the U.S. dollar in the world economy — has been strengthened recently given the robust U.S. economy, tighter monetary policy and heightened geopolitical risks, even as economic fragmentation has strengthened a push by BRICS countries to shift into other international and reserve currencies.
Simply Wall St.
While private equity firms own 45% of Singapore Airlines Limited (SGX:C6L), individual investors are its largest shareholders with 48% ownership
Key Insights The considerable ownership by individual investors in Singapore Airlines indicates that they collectively...
Barrons.com
Bitcoin Price Steadies After Mt. Gox Fall. This Could Get Crypto Rising Again.
Bitcoin and other cryptocurrencies were mixed early Tuesday after a steep selloff the previous day. The market is still digesting the pending refund of assets from the collapsed Mt. Gox crypto exchange. Bitcoin fell sharply from levels of around $64,000 on Monday after news that Mt. Gox’s trustee will begin to return more than $8.5 billion of the crypto owed to creditors from the beginning of July.
Yahoo Finance
Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 points
Stocks are hoping to add a punchline to what's been a high-flying quarter thus far.
GOBankingRates
Dollar-Cost Averaging: Pros, Cons, and When To Use This Investment Strategy
Dollar-cost averaging is when you dedicate a consistent amount of money toward your investments on a regular basis. Find out if this investment strategy is right for you.
Benzinga
The $150 Billion Opportunity SoftBank Lost By Selling Nvidia Shares Too Soon
In 2019, SoftBank’s Vision Fund decided to sell all of its Nvidia shares, which comprised 4.9% of the company. Although back then this seemed like a smart move because SoftBank had originally spent around $700 million to buy the shares and ended up making a huge profit of $3.3 billion from the sale, now it’s clear: had Softbank held onto those shares, they would be worth more than $150 billion just a couple of days ago. By selling in 2019, SoftBank missed out on a gain of more than $150 billion.
Reuters
European shares gain, Aussie jumps, yen teeters near 160
European stock markets were higher on Wednesday as the market braced for a French election and a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for possible intervention. Risk sentiment in Europe was broadly positive after a rebound in Nvidia shares on Tuesday, following three straight days of selling, and as investors focus on the monetary policy outlook and the prospect of further rate cuts. "Fears of a big imminent market wobble are now receding," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
GOBankingRates
I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have
Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...

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Company News for June 4, 2024

Latest stories

The Wealthiest Person in Singapore

Share Prices of These 4 Singapore Stocks Are Hitting Their 52-Week Highs: Can They Continue Their Run?

4 Singapore Blue-Chip Stocks Delivering Dividend Yields of 5.6% or More

Nvidia loses $500 billion in the biggest short term loss in company value in all of recorded history. A year ago that would have killed it yet today it will barely notice

Sheng Siong’s Share Price is Languishing Near its 52-Week Low: Can the Retailer Find its Mojo Again?

Nvidia CEO Jensen Huang Sold $95 Million of Stock. Other Chip CEOs Are Selling.

Shareholders in SATS (SGX:S58) are in the red if they invested five years ago

This Stock Is Beating Nvidia—and It’s Set to Climb Even More

Unveiling Three SGX Stocks That Might Be Trading Below Their Estimated Fair Value

Singapore raises home supply to decade high as market cools

Stock splits make Nvidia and Chipotle shares more affordable. Should you buy them?

What's Going On With Broadcom Stock On Tuesday?

US dollar's dominance secure, BRICS see no progress on de-dollarization -report

While private equity firms own 45% of Singapore Airlines Limited (SGX:C6L), individual investors are its largest shareholders with 48% ownership

Bitcoin Price Steadies After Mt. Gox Fall. This Could Get Crypto Rising Again.

Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 points

Dollar-Cost Averaging: Pros, Cons, and When To Use This Investment Strategy

The $150 Billion Opportunity SoftBank Lost By Selling Nvidia Shares Too Soon

European shares gain, Aussie jumps, yen teeters near 160

I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have