Company News For May 15, 2024

The Smart Investor
4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits
Here are four blue-chip stocks that may see their profits rising in due course. The post 4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits appeared first on The Smart Investor.
Barrons.com
Fed Rate Cuts Are Coming. Get Ready for the Stock Market’s Next Phase.
While the Nasdaq Composite is at a record high, some experts believe that a shift is coming in the market.
Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. The potential investment in ST Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence.
Simply Wall St.
City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...
The Smart Investor
5 Singapore Stocks That Increased Their Dividends by 20% or More
Gunning for higher dividends? Here are five stocks that upped their dividends by 20% or more. The post 5 Singapore Stocks That Increased Their Dividends by 20% or More appeared first on The Smart Investor.
The Edge Singapore
Seatrium reports net order book of $25.8 bil in 1QFY2024 business update
Shares in Seatrium closed 18 cents higher or 11.69% up at $1.72 on May 27.
Barrons.com
Bitcoin Slips. Why the Market Is Nervous.
Bitcoin prices slip after a number of wallets linked to Mt. Gox moved billions worth of Bitcoin into a single wallet Tuesday.
Insider Monkey
Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. (NYSE:VST) was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with […]
Reuters
Bond yields climb, stocks under pressure as Fed cut doubts resurface
TOKYO (Reuters) -U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Benchmark U.S. 10-year yields ticked up as high as 4.568% in Tokyo trading hours, a level not seen since May 3, following poorly received two- and five-year Treasury auctions overnight. Investors were also caught off-guard by a sharp improvement in a U.S. consumer confidence measure for May. Economists had predicted a fourth straight month of weaker confidence, particularly after a tepid reading for the University of Michigan's analogous survey result from Friday.
AFP News
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
Simply Wall St.
Exploring Three SGX Dividend Stocks For Stable Income Opportunities
Amidst a landscape where trend-following strategies are demonstrating resilience across various market conditions, investors in Singapore's SGX might consider the stability offered by dividend stocks. These stocks can serve as a strategic component in portfolios, aiming to provide steady income streams even during volatile phases. A good dividend stock typically features robust fundamentals and a consistent payout history, qualities that are particularly appealing in the current environment...
Benzinga
Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win
Jeff Bezos, one of the wealthiest and most successful individuals, often shared valuable lessons in his annual letters to Amazon shareholders before retiring as CEO. While these letters focused on Amazon, they also provided universal insights applicable to investors everywhere. A key piece of advice from Bezos' 2018 letter encapsulates his approach to risk and reward. He wrote, "The good news for shareowners is that a single big winning bet can more than cover the cost of many losers." This stat
Insider Monkey
Is NVIDIA Corporation (NASDAQ:NVDA) The Top Quantum Computing Stock To Buy Now?
We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where NVIDIA Corporation (NVDA) stands against the other quantum computing stocks. These days, artificial intelligence is one of the hottest […]
Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
Simply Wall St.
Olam Group (SGX:VC2) investors are sitting on a loss of 15% if they invested five years ago
Olam Group Limited ( SGX:VC2 ) shareholders should be happy to see the share price up 27% in the last quarter. But if...
The Edge Singapore
The Hour Glass reports lower net profit of $157.6 mil for FY2024, after change in New Zealand's tax regulation
Michael Tay, group managing director said that the FY2024 results reflect a cooling-off period in the high-end watch industry.
Reuters
Rupee lingers in narrow band even as most Asian currencies inch up
The Indian rupee was little changed on Tuesday, unable to gain from an uptick in most Asian peers, with traders anticipating rangebound moves until the outcome of India's general election. The dollar index dipped 0.1% to 104.4 while most Asian currencies rose, with the Korean won up 0.6%, leading gains. Analysts expect the rupee to mostly trade sideways heading into the India's election results, due on June 4.
Benzinga
FED Warns Against Rising Delinquency Rates, Calls It A "Leading Indicator That Things Are About To Get Worse"
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most worrisome economic indicators currently being monitored. His concerns now appear prescient as new data reveal a significant uptick in delinquency rates in the first quarter of 2024. "If the delinquency rate of consumer loans starts rising, that is often a leading indicator that things are about to get worse," Goolsbee stated. Recent figures from the Federal Reserve published
Moneywise
'Let’s punish predatory short selling': RFK Jr. invests $24,000 in GameStop, promises Wall Street reforms
Meme stocks investors have won an unlikely ally.
AFP News
Asian markets fall on US rate concerns, oil rises after attack
Equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their gains after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East.Oil prices rose again on geopolitical concerns after a bulk carrier was attacked in the Red Sea, a key waterway for shipping and particularly crude.

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Company News For May 15, 2024

Latest stories

4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits

Fed Rate Cuts Are Coming. Get Ready for the Stock Market’s Next Phase.

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago

5 Singapore Stocks That Increased Their Dividends by 20% or More

Seatrium reports net order book of $25.8 bil in 1QFY2024 business update

Bitcoin Slips. Why the Market Is Nervous.

Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom

Bond yields climb, stocks under pressure as Fed cut doubts resurface

Oil rises, stock markets mixed before key inflation data

Exploring Three SGX Dividend Stocks For Stable Income Opportunities

Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win

Is NVIDIA Corporation (NASDAQ:NVDA) The Top Quantum Computing Stock To Buy Now?

Alibaba Health surges 13% on strong FY earnings

Olam Group (SGX:VC2) investors are sitting on a loss of 15% if they invested five years ago

The Hour Glass reports lower net profit of $157.6 mil for FY2024, after change in New Zealand's tax regulation

Rupee lingers in narrow band even as most Asian currencies inch up

FED Warns Against Rising Delinquency Rates, Calls It A "Leading Indicator That Things Are About To Get Worse"

'Let’s punish predatory short selling': RFK Jr. invests $24,000 in GameStop, promises Wall Street reforms

Asian markets fall on US rate concerns, oil rises after attack