Deciphera Pharmaceuticals to Present at the Stifel 2024 Virtual Targeted Oncology Forum

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Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
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An interim dividend of 54 cents has been declared.
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Reuters
DBS quarterly results trounce forecasts, another record year expected
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year's record result. Underpinned by robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), beating market expectations for a 3.5% decline. Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year's net interest income to be around 2023 levels.
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The Smart Investor
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2 days ago
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Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
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a day ago
Yahoo Finance
Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments
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Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts
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Starbucks shares hit two-year low as China, US demand clouds outlook
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China. Price hikes taken last year have forced customers to ditch cafes and restaurants and instead drink coffee at home, hurting business for chains such as Starbucks. "The inability to stop the traffic leakage from the early signs of pull-back in November to date and the worsening macro and competitive dynamics in China may suggest prolonged challenges and no evidence of light at the end of the tunnel," Danilo Gargiulo, senior analyst at Bernstein, wrote in a note.
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a day ago
Reuters
Gold climbs over 1% as dollar, yields fall after Fed's interest-rate decision
Gold prices climbed over 1% on Wednesday as the dollar and U.S. Treasury yields tumbled lower after the Federal Reserve's interest-rate decision and Chair Powell's speech. Spot gold was up 1.7% at $2,323.38 per ounce as of 15:15 p.m. ET (1915 GMT), after hitting its lowest level since April 5 earlier in the session. Benchmark U.S. 10-year bond yields also crept lower.
2 days ago
Reuters
Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. Though Powell on Wednesday acknowledged a lack of recent progress in the Fed’s battle against rising consumer prices, he reiterated the view that interest rates are likely headed lower this year. That was a relief for those worried the Fed could be eyeing more rate increases after three straight months of stronger-than-expected inflation.
17 hours ago
Reuters
Crypto washout sends bitcoin below $58,000 ahead of Fed decision
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
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Reuters
Shell smashes forecasts with $7.7 billion quarterly profit
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. Shell's cashflow rose by 6% from the previous quarter to $13.3 billion, reflecting strong operational performance, particularly in the LNG division, which together with trading helped offset a decline in natural gas prices that weighed on earnings of rivals including Exxon Mobil and Chevron last week. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions," CEO Wael Sawan said.
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If You Invested $1000 in Skechers a Decade Ago, This is How Much It'd Be Worth Now
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.
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Reuters
Stocks, dollar decline after Fed holds rates steady
A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and indicated it is still leaning toward eventual rate cuts. The Fed also announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of such a shift. "As expected, the Federal Open Market Committee decided to keep its key interest rate, the federal funds rate, unchanged," said Matthais Scheiber, global head of portfolio management for the systematic edge team at Allspring Global Investments in London.
2 days ago

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Deciphera Pharmaceuticals to Present at the Stifel 2024 Virtual Targeted Oncology Forum

Latest stories

Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.

5 Singapore Stocks Paying Out Dividends in May

5 High-Yielding Singapore REITs Backed by Strong Sponsors

DBS reports record 1QFY2024 net profit of $2.96 bil, 15% higher y-o-y

Seagate Earnings Could Grow 10 Times in Just 2 Years, Analyst Says. Here’s Why.

DBS quarterly results trounce forecasts, another record year expected

Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings

Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says

Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

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Starbucks shares hit two-year low as China, US demand clouds outlook

Dollar steady and London shares higher before Fed update on rates

Gold climbs over 1% as dollar, yields fall after Fed's interest-rate decision

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Crypto washout sends bitcoin below $58,000 ahead of Fed decision

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Stocks, dollar decline after Fed holds rates steady