Company News for May 23, 2024

Simply Wall St.
Discover 3 SGX Dividend Stocks With Yields Up To 6.1%
In recent times, the Singapore market has faced a backdrop of global financial uncertainties, highlighted by significant events such as the collapse of Terraform Labs which reverberated through the cryptocurrency and broader financial sectors. Such turbulent conditions underscore the importance of stability and reliability in investment choices, qualities often attributed to high-yield dividend stocks.
Simply Wall St.
Wilmar International (SGX:F34) investors are sitting on a loss of 24% if they invested three years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Yahoo Finance
Latest inflation data provides potential for 'even greater upside' in the stock market rally
Positive developments in inflation data have Wall Street feeling more positive about the outlook for stocks into the end of the year.
Benzinga
Elon Musk Sends Shockwaves Through Wall Street With A Bold Embrace Of This "All-Weather" Asset Class
Elon Musk's investments in AI have already netted him billions, but another, more traditional asset class is gaining traction. This year, AI provided a significant, albeit potentially fleeting, boost to the stock market, especially benefiting tech giants like Nvidia and Google. However, amid the hype surrounding AI companies, Elon Musk is turning his attention to a more established segment of the market. He’s not alone in this shift; recently, the Rothschilds sold this asset to the Dutch governm
Reuters
Adidas shares fall on investigation into China corruption allegation
"Adidas takes allegations of possible compliance violations very seriously and is clearly committed to complying with legal and internal regulations and ethical standards in all markets where we operate," it said in a statement. Adidas shares were down 4% at 216 euros by 1030 GMT. The claims "highlight the challenges many companies face in maintaining consistent oversight and control of their digital operations in the Chinese market," said Jacques Roizen, managing director of China consulting at Digital Luxury Group in Shanghai.
Insider Monkey
Is Arm Holdings Plc (NASDAQ:ARM) the Best AI PC Stock to Buy Now?
We recently published a list of the 8 Best AI PC Stocks to Buy Now. Since Arm Holdings Plc (NASDAQ:ARM) ranks 8th on the list, it deserves a deeper look. When the AI revolution began with the launch of ChatGPT, no one would have thought that down the road it would bring a huge growth […]
Reuters
China's factory output disappoints, property sector stuck in doldrums
BEIJING (Reuters) -China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth. Apart from retail sales that beat forecasts due to a holiday boost, the flurry of data on Monday was largely downbeat, underscoring a bumpy recovery for the world's second-largest economy. May industrial output grew 5.6% from a year earlier, National Bureau of Statistics (NBS) data showed, slowing from the 6.7% pace in April and below expectations for a 6.0% increase in a Reuters poll of analysts.
Insider Monkey
NVIDIA Corporation (NYSE:NVDA) VS AMD: Who Will Win the AI PC Race?
We recently published a list of the 8 Best AI PC Stocks to Buy Now. Since NVIDIA Corporation (NYSE:NVDA) ranks 2nd in the list, it deserves a deeper look. When the AI revolution began with the launch of ChatGPT, no one would have thought that down the road it would bring a huge growth catalyst […]
Yahoo Finance
Stocks enter shortened trading week near record highs: What to know this week
Markets will kick off a holiday-shortened trading week after ending last week at record highs.
Insider Monkey
Why is Adobe (ADBE) a Powerful Player in the Market?
Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500 index had the best first-quarter performance since 2019—enthusiasm over AI, robust corporate earnings, and anticipation of rate cuts fueling the rise in stock prices. […]
Reuters
Goldman Sachs raises S&P 500 year-end target to 5,600
Microsoft, Nvidia, Google, Amazon.com, and Meta Platforms have collectively surged by 45% and now comprise 25% of the S&P 500 equity cap, the brokerage wrote in a note after markets closed on Friday. The upgraded target reflects an upside of about 3.1% to the index's last close of 5,431.60. The brokerage expects roughly unchanged real yields by the year-end and strong earnings growth to support a 15x P/E for the equal-weight S&P 500 Index.
Fortune
The U.S. economy is the most dynamic it’s ever been as AI and infrastructure overpower Fed rate hikes, ‘Big Short’ investor Steve Eisman says
"Definitely hold on to your Apple position," he said. "It's too central a figure in the whole story."
Reuters
Dollar slips against euro as European political jitters subside
The dollar slipped against the euro on Monday, as the common currency recovered from the more than one-month lows hit last week amid political turmoil in Europe. The euro was up 0.25% to $1.07305 on Monday, after touching a six-week low of $1.066775 last week following news of a snap parliamentary election in France. European markets have been under pressure after President Emmanuel Macron called for the snap election after his ruling centrist party was trounced by Marine Le Pen's eurosceptic National Rally in the European Parliament elections.
Insider Monkey
The Most Powerful Brand in the US
We recently compiled a list of the 25 most powerful brands in the US and in this article we will talk about the Top Most Powerful Brand in the US. Tech Titans Lead the Charge in Global Brand Value Growth The global powerful brands market is dominated by technology giants, with Apple Inc. (NASDAQ:APPL) leading […]
Reuters
Morning Bid: Bracing for Chinese data deluge
The monthly Chinese 'data dump' kicks off the global trading week on Monday, with the slew of top-tier indicators likely to give investors a measure of how much the world's second largest economy is struggling to gain momentum. Producer and consumer prices last week confirmed that the threat of deflation still hangs over China, and retail sales, business investment, industrial production, and house price figures on Monday will give a clearer picture of economic activity. China's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans on Monday, with worsening interest margins and a weakening currency hampering authorities' ability to ease policy.
Simply Wall St.
Dollar General's (NYSE:DG) Dividend Will Be $0.59
The board of Dollar General Corporation ( NYSE:DG ) has announced that it will pay a dividend on the 23rd of July, with...
Reuters
UBS sets aside $900 million to repay investors in collapsed Greensill funds
ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounting for 90% of what they are owed, UBS said on Monday. The bank has been seeking to resolve issues it inherited when it acquired Credit Suisse last year after a string of financial problems brought down its long-time rival. Among them, was a 1.6 billion Swiss franc ($1.80 billion) loss due to the collapse of $10 billion in supply chain finance funds linked to Greensill in 2021.
GOBankingRates
6 Ways Middle Class Retirees Are Bleeding Money Every Month
Retirement should be relaxing and stress-free. But, retirees are not immune to rising costs. Once you've paid for all your necessary expenses, you might have less money for discretionary expenses than...
CNN Business
Elon Musk’s multi-billion paycheck just got approved by stockholders. That could be a fraction of what’s coming
Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. The question now is, how much will he get going forward?
Benzinga
Warren Buffett's Berkshire Hathaway Disclosed A Major Stake In Chubb — Valuing $6.7 billion
The long-awaited stock-related mystery has been revealed. American business owner and philanthropist Warren Buffett has finally unveiled his business's significant stake in a well-known insurance company. Here's all you need to know about Berkshire Hathaway's mystery stake. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. The average American couple has saved this much money for retirement — How do you compare? Buffett, the CEO of Berkshire Hathaway, a mul

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Company News for May 23, 2024

Latest stories

Discover 3 SGX Dividend Stocks With Yields Up To 6.1%

Wilmar International (SGX:F34) investors are sitting on a loss of 24% if they invested three years ago

Latest inflation data provides potential for 'even greater upside' in the stock market rally

Elon Musk Sends Shockwaves Through Wall Street With A Bold Embrace Of This "All-Weather" Asset Class

Adidas shares fall on investigation into China corruption allegation

Is Arm Holdings Plc (NASDAQ:ARM) the Best AI PC Stock to Buy Now?

China's factory output disappoints, property sector stuck in doldrums

NVIDIA Corporation (NYSE:NVDA) VS AMD: Who Will Win the AI PC Race?

Stocks enter shortened trading week near record highs: What to know this week

Why is Adobe (ADBE) a Powerful Player in the Market?

Goldman Sachs raises S&P 500 year-end target to 5,600

The U.S. economy is the most dynamic it’s ever been as AI and infrastructure overpower Fed rate hikes, ‘Big Short’ investor Steve Eisman says

Dollar slips against euro as European political jitters subside

The Most Powerful Brand in the US

Morning Bid: Bracing for Chinese data deluge

Dollar General's (NYSE:DG) Dividend Will Be $0.59

UBS sets aside $900 million to repay investors in collapsed Greensill funds

6 Ways Middle Class Retirees Are Bleeding Money Every Month

Elon Musk’s multi-billion paycheck just got approved by stockholders. That could be a fraction of what’s coming

Warren Buffett's Berkshire Hathaway Disclosed A Major Stake In Chubb — Valuing $6.7 billion