Engie sees more losses from EV charging unit it is struggling to sell

Reuters
China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry.
The Smart Investor
Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue?
These three stocks have performed impressively this year, but could there be more upside for the remainder of 2024? The post Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue? appeared first on The Smart Investor.
Simply Wall St.
Should You Investigate Genting Singapore Limited (SGX:G13) At S$0.87?
Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it saw its share price hover around a small...
The Edge Singapore
OCBC's final offer of $25.60 for GEH is 'not fair but reasonable' says EY; advises shareholders to accept
EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.
Yahoo Finance Video
Tesla is biggest market bubble in world history: Short seller
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
Fortune
Bank of America says Broadcom could be the next trillion-dollar company—but rival Nvidia would still be 3 times larger
While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.
Simply Wall St.
Here's Why Old Chang Kee (Catalist:5ML) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Barrons.com
Nvidia Is 2024’s Best-Performing Chip Stock. These 4 Are Next.
Micron Technology, Taiwan Semiconductor Manufacturing, Coherent, and Qualcomm have also done well this year.
South China Morning Post
Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform
Huawei Technologies' mobile platform HarmonyOS has overtaken Apple's iOS to become the second-biggest mobile operating system in mainland China in the first quarter, according to the latest market data from Counterpoint Research. HarmonyOS accounted for a 17 per cent share in the first quarter to surpass iOS for the first time in the world's biggest smartphone market, as strong domestic demand for Huawei's latest 5G handsets drove up adoption of the Shenzhen-based company's self-developed mobile
Insider Monkey
Is Alphabet Inc. (NASDAQ:GOOG) Billionaire Bill Ackman’s Best AI Stock Pick in 2024?
We recently published a list entitled Billionaire Bill Ackman’s 2024 Portfolio: 6 Best Stocks to Buy in 2024. Since Alphabet Inc. (NASDAQ:GOOG) ranks 4th in the list, it deserves a deeper look. Billionaire Bill Ackman recently made headlines after reports suggested he plans to take his investment firm public as soon as next year. A Wall Street […]
The Edge Singapore
Starhill Global REIT enters amendment and restatement agreement with bank that granted it three-year loan of $50 mil
The agreement involves extending the loan agreement for five years from Sept 30.
Zacks
5 Hot Growth Stocks: Buy on the Highs or Wait for a Pullback?
These 5 stocks are red hot and hitting new all-time highs. Have you missed the trade?
MoneySmart
Here’s Everything You Should Know About the Supplementary Retirement Scheme (SRS) Account
In Singapore, retirement is always something we crave. While not all of us will be FIRE fanatics, we do want to plan for having more of that cash money when... The post Here’s Everything You Should Know About the Supplementary Retirement Scheme (SRS) Account appeared first on MoneySmart Blog.
Reuters
Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.
Yahoo Finance
Stock market today: Stocks extend record-setting rally, Tesla rises ahead of Musk pay decision
Investors are continuing to weigh signs of cooling inflation and a hawkish shift in the Fed's view on rate cuts.
Yahoo Finance Video
Fed's December rate cut would come 'too late': Mohamed El-Erian
On Wednesday, the Federal Reserve announced its monetary policy decision to hold interest rates steady. However, the central bank's dot plot, which outlines projections for future rate movements, pointed toward a potential rate cut in December. To delve deeper into the outlook on Fed rate cuts, Allianz chief economic advisor Mohamed El-Erian joins Catalysts. El-Erian notes that the Fed is targeting a "soft landing" but acknowledges that "there are two tails" to this scenario, with "risks on both sides." He emphasizes that the Fed must strike a delicate balance between these risks, and the problem lies in the fact that this balance is "in favor" of the Fed pushing rate cuts out. El-Erian states that a rate cut in December would be "too late." He explains that "by that time, the lagged effects of what was a significant increase in rates would be biting even more." El-Erian also highlights that individuals continue to be strained under high inflation in the aftermath of the pandemic, and the Fed's current timing for rate cuts is heightening that issue. Watch Yahoo Finance's full interview with Mohamed El-Erian. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Catch up on Yahoo Finance's coverage and reporting of the Fed's interest rate decision from Wednesday, and the central bank's policy outlook for 2024: How to read the Fed's updated dot plot The Fed isn't really taking 2 rate cuts off the table Fed 'dot plot' suggests central bank will cut interest rates one time in 2024, down from 3 cuts in March Fed trying not to get 'stuck' in inflation: Evercore ISI's Guha Fed 'dot plot' has 'enormous' utility: Fmr. Dallas Fed pres. Fed's unanimity, 'lack of debate' is 'troubling': Economist Fed's December rate cut would come 'too late': Mohamed El-Erian A September rate cut is 'too close' to election: Strategist Inflation was the day's real market mover, not Fed policy
Simply Wall St.
Why Marvell Technology, Inc. (NASDAQ:MRVL) Could Be Worth Watching
Let's talk about the popular Marvell Technology, Inc. ( NASDAQ:MRVL ). The company's shares saw a double-digit share...
Reuters
New York recovers $50 million for defrauded Gemini Earn crypto investors
NEW YORK (Reuters) -New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program, she said on Friday. Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more than 230,000 Earn investors, including 29,000 in New York, and agreed to a ban on operating crypto lending programs in the state. The payout is in addition to James' related $2 billion settlement with crypto lender Genesis Global Capital, which she announced on May 20.
Insider Monkey
Analyst Sees a New $25 Billion “Opportunity” for NVIDIA Corp (NASDAQ:NVDA)
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since NVIDIA Corp (NASDAQ:NVDA) ranks 3rd on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has been calmer-than-expected, […]
GOBankingRates
Do You Really Want To Retire Early? Ask Yourself These Questions
In recent years, especially since the pandemic, early retirement has become a growing trend. Many people don't want to wait until the full retirement age to hang up their working hat. Check Out:...

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Engie sees more losses from EV charging unit it is struggling to sell

Latest stories

China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue?

Should You Investigate Genting Singapore Limited (SGX:G13) At S$0.87?

OCBC's final offer of $25.60 for GEH is 'not fair but reasonable' says EY; advises shareholders to accept

Tesla is biggest market bubble in world history: Short seller

Bank of America says Broadcom could be the next trillion-dollar company—but rival Nvidia would still be 3 times larger

Here's Why Old Chang Kee (Catalist:5ML) Has Caught The Eye Of Investors

Nvidia Is 2024’s Best-Performing Chip Stock. These 4 Are Next.

Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform

Is Alphabet Inc. (NASDAQ:GOOG) Billionaire Bill Ackman’s Best AI Stock Pick in 2024?

Starhill Global REIT enters amendment and restatement agreement with bank that granted it three-year loan of $50 mil

5 Hot Growth Stocks: Buy on the Highs or Wait for a Pullback?

Here’s Everything You Should Know About the Supplementary Retirement Scheme (SRS) Account

Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows

Stock market today: Stocks extend record-setting rally, Tesla rises ahead of Musk pay decision

Fed's December rate cut would come 'too late': Mohamed El-Erian

Why Marvell Technology, Inc. (NASDAQ:MRVL) Could Be Worth Watching

New York recovers $50 million for defrauded Gemini Earn crypto investors

Analyst Sees a New $25 Billion “Opportunity” for NVIDIA Corp (NASDAQ:NVDA)

Do You Really Want To Retire Early? Ask Yourself These Questions