First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles

Benzinga
Charlie Munger Said He And Warren Buffett Always Self-Insure — You Should Too If You Can Afford It: 'Don't Pay For The Other Fellow's Fraud'
Just months before his passing at the ripe old age of 99, Charlie Munger, the ever-sharp vice chairman of Berkshire Hathaway, shared some valuable insights with the public. During the 2023 Daily Journal shareholder meeting, Munger responded to a question from CNBC's Becky Quick about the trend of large companies, including Meta, opting for self-insurance against various liabilities. Quickly inquired about the potential systemic issues this trend could cause and sought Munger's thoughts. Don't Mi
The Smart Investor
Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?
The share prices of these five blue-chip stocks are touching a year-low. Could they be worth your attention? The post Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain? appeared first on The Smart Investor.
Fortune
Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor
Ballmer was employee No. 30 at Microsoft but got most of his wealth from a sweetheart deal.
The Smart Investor
4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio?
These four stocks are hitting their 52-week highs but should they be included in your investment portfolio? The post 4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio? appeared first on The Smart Investor.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
INSIDER
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
CNN Business
The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
The Smart Investor
Homegrown Wealth: 5 Singapore REITs to Consider for Your Watchlist
Due to unfavourable foreign exchange conversions, economic slowdowns, and home bias, investors prefer to invest in Singapore REITs that generate most or all of their income locally. Here are five to consider for your portfolio. The post Homegrown Wealth: 5 Singapore REITs to Consider for Your Watchlist appeared first on The Smart Investor.
Simply Wall St.
Avoid Metro Holdings On SGX And Explore This One Attractive Dividend Stock Instead
Dividend-paying stocks are often sought after for their potential to provide a steady income stream. However, it's crucial to examine the sustainability of these dividends. Companies like Metro Holdings, with high payout ratios, may indicate that their dividends could be at risk, making them less attractive for long-term investment stability.
Yahoo Finance
Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%
Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
Reuters Videos
Japan's new banknotes spell pain for small firms
STORY: Japan is getting its first new banknotes in 20 years. The fresh designs entered circulation on Wednesday, featuring technology meant to beat counterfeiters. Some 7.5 billion of the bills will be printed this fiscal year. But they won’t be a welcome sight for many small businesses. Because Japan is a country that still loves cash, and payment by machine. It’s the usual way at places like this Tokyo noodle joint. Boss Shintaro Sekiguchi has had to upgrade the payment machines at his three branches, and he says that’s a big cost for a small business: "The unit price of a bowl of ramen is not that high, so running the shop for a day or two would hardly pay for the replacement. It’s a huge burden for me to have to upgrade the ticket machines like this.”In all, he says it’s cost him about 600,000 yen, or around $3,700, while doing nothing to boost sales. Sekiguchi says upgrading to machines that also allow card payments was even more costly, and beyond his budget. Such factors mean only around half of restaurant ticket systems are ready for the change. Japan is a land of vending machines too. It’s thought around 80% of the country’s 2.2 million drink dispensers will need an upgrade. However, most ATMs, train ticket machines and retail cash registers are ready. And some companies definitely aren’t complaining. Takemori Kawanami is an executive at Elcom, which makes ticket machines. He says it could take until the end of the year to meet all the demand.
Simply Wall St.
Singapore SGX Showcases Three Key Dividend Stocks
As global markets navigate through varying economic climates, the Singapore Exchange (SGX) remains a focal point for investors seeking stability and consistent returns. In this context, dividend stocks often emerge as attractive options due to their potential to provide steady income streams. In light of current market conditions, a good dividend stock typically features robust fundamentals and a history of resilient performance across economic cycles, aligning well with the needs of...
CoinDesk
Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarket
Supporters are calling on the vice president to step up following boss Biden's doddering debate debacle.
Thomson Reuters StreetEvents
Q1 2024 Polestar Automotive Holding Uk Plc Earnings Call
Q1 2024 Polestar Automotive Holding Uk Plc Earnings Call
WSJ
Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
Barrons.com
Crypto Pain for Bitcoin and Ether as Strong Dollar and Markets Take Toll
The largest cryptocurrency fell back below $61,000 early Wednesday. It hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds.
Barrons.com
Lennar and D.R. Horton Stocks Get Downgrades. Rate Cuts Might Not Help Home Builders.
Now isn’t the time to buy home builder stocks, says a Citi analyst who downgraded shares of Lennar and D.R. Horton on Tuesday. Anthony Pettinari moved his ratings on shares of Lennar and D.R. Horton to Neutral from Buy. The analyst wrote in a research note that these downgrades reflect a “slowing housing market.”
Yahoo Finance Video
Cooling inflation has 'propelled' revenue growth in S&P 500
With inflation seeming to cool in some areas of the economy, the tailwind may have helped some businesses as many earnings reports from S&P 500 companies (^GSPC) has been positive. Northern Trust CIO Katie Nixon joins Catalysts to discuss the recent market rallies focused on tech and how the market can continue to develop. Nixon speaks on the ways cooling inflation has helped companies with their margins, affecting growth: "I do think pricing power has propelled, a lot of revenue growth, certainly for many companies in the S&P 500. And we actually see margins remaining pretty stable at around 12%, even after sort of this pricing power has waned a bit. So margins are expected to be strong." She continues with: "We know that companies are being very, very careful about how they spend their money in order to really preserve margins in the absence of that really broad-based pricing power. But I will say, as inflation comes down, that will allow the Fed [Federal Reserve] to start easing policy. And I think that would be a nice tailwind for, again, the other 493 in the S&P 500." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Simply Wall St.
Possible Bearish Signals With Salesforce Insiders Disposing Stock
Over the past year, many Salesforce, Inc. ( NYSE:CRM ) insiders sold a significant stake in the company which may have...
Reuters
Wall Street indexes end higher, helped by Tesla, megacap growth stocks
(Reuters) -Wall Street's main stock indexes closed higher on Tuesday, boosted by gains in Tesla and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday. The Dow Jones Industrial Average rose 162.33 points, or 0.41%, to close at 39,331.85, the S&P 500 gained 33.92 points, or 0.62%, to 5,509.01 and the Nasdaq Composite gained 149.46 points, or 0.84%, to 18,028.76.

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