French reinsurer Scor shares slide after quarterly net income misses estimates

The Smart Investor
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Here are four Singapore REITs you should keep your eye on in June. The post 4 Singapore REITs to Look Out for in June appeared first on The Smart Investor.
The Smart Investor
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The airline food caterer enjoyed a surge in revenue with the consolidation of WFS. The post SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings appeared first on The Smart Investor.
Insider Monkey
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Associated Press
Shares in Trump Media slump after former president convicted in hush money trial
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped before the opening bell Friday after former President Donald Trump was convicted in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.
Yahoo Finance
Fed's stance of higher for longer likely not shaken by new inflation reading
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
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The Cheapest AI Stocks to Buy Now
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Simply Wall St.
An Intrinsic Calculation For Q & M Dental Group (Singapore) Limited (SGX:QC7) Suggests It's 44% Undervalued
Key Insights The projected fair value for Q & M Dental Group (Singapore) is S$0.43 based on 2 Stage Free Cash Flow to...
Insider Monkey
Is DraftKings Inc. (NASDAQ:DKNG) the Best Up and Coming Online Betting Stock?
We recently compiled a list of the 12 Best Up and Coming Stocks To Buy According to Hedge Funds and in this article, we discuss whether DraftKings Inc. (NASDAQ:DKNG) is the best up-and-coming online gambling stock to buy now. Despite the concerns surrounding the market over the last few years, the broader market has performed […]
Zacks
RTX Secures a $302M Contract to Support F135 Propulsion Systems
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Yahoo Finance Video
April PCE data is 'pretty meaningful step down' for inflation
Treasury yields (^TYX, ^TNX, ^FVX) are on the decline this morning after inflation data from the PCE (Personal Consumption Expenditures) Index came in line with expectations with April's core PCE rising 0.2% month-over-month and 2.8% year-over-year. As inflation slows but price pressures remain a big risk, what does this print mean for the bond market? JPMorgan US CIO for Fixed Income, Currencies, and Commodities Kay Herr sits down in-studio with Yahoo Finance's Catalysts to look deeper into April's inflation data and what this means for the Federal Reserve's inflation rate target. "If you look underneath in some of the details, if you look on a three-month annualized basis, we've gone from a 4.4% number in March down to 3.46% in April. That's a pretty meaningful step down," Herr explains. "If you look on a month-over-month [basis], in April that was running 0.33%, March we're running 0.249%. And then on an average monthly basis in the first quarter, things were at about 0.36%, for April [it's] 0.25%. So a reasonable step down moving in line with what the Fed thinks." Herr underlines the Fed's dual mandate objective in regulators' decision on cutting interest rates or holding them higher for longer: "We're going to start to see a little bit of softness in in the labor market. And that's going to lead the Fed... to move toward cutting rates, yes."For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Simply Wall St.
SGX Dividend Stocks To Watch In May 2024
As global markets navigate through various economic challenges, the Singapore market remains a focal point for investors looking for stable returns, particularly through dividend stocks. In light of current market conditions, selecting stocks with robust dividend yields and strong fundamentals is crucial for those looking to enhance their investment portfolios in May 2024.
Yahoo Finance
Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech
Lingering concerns about higher-for-longer interest rates and a Salesforce sell-off put a damper on investors' spirits.
Yahoo Finance
Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003
Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.
Reuters
Oil settles down ahead of OPEC+ meeting, posts weekly loss
NEW YORK (Reuters) -Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts. Brent futures for July delivery were down 24 cents, or 0.3%, to $81.62 a barrel, while the more liquid August contract was down 77 cents, or 0.8%, at $81.11. U.S. West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.2%, at $76.99.
Associated Press
Stock market today: Wall Street rallies to close out a bloom-filled May
An already verdant May for Wall Street finished with another push higher as stocks rallied Friday after a report showed inflation is at least not worsening. The main measure of the U.S. stock market’s health set an all-time high late in the month after clawing back all its losses from a rough April. The Dow Jones Industrial Average jumped nearly 575 points, or 1.5%, while sagging prices for some big technology stocks held back the Nasdaq composite.
Reuters
Yen weakness persists despite Tokyo's $62 billion intervention
TOKYO (Reuters) -Japanese authorities spent 9.79 trillion yen ($62.23 billion)intervening in the foreign exchange market to support the yen over the past month, in moves that kept the currency from testing new lows but are unlikely to reverse longer-term declines. The Ministry of Finance data released on Friday confirmed the suspicions of traders and analysts that Tokyo entered the market in two rounds of massive dollar-selling intervention shortly after the yen hit a 34-year low of 160.245 per dollar on April 29, and again in the early hours of May 2 in Tokyo. "This was larger than expected, underscoring Japan's resolve to ease the pain of imported inflation," said Daisaku Ueno, chief FX strategist at Mitsubishi UFJ Morgan Stanley Securities.
Zacks
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exxon Mobil (XOM) have what it takes? Let's find out.
Barrons.com
Bitcoin Gains. Why the Largest Crypto Will Continue to Dominate Over Ether.
Bitcoin and other cryptocurrencies were mostly rising on Friday. The largest crypto has lost the limelight to Ether this month but that could be short-lived. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Reuters
China's factory activity unexpectedly dips as property pain persists
BEIJING (Reuters) -China's manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world's second-largest economy continues to weigh on business, consumer and investor confidence. "I think the data particularly reflects soft domestic demand, the housing sector continued to worsen and retail sales were not strong," said Xu Tianchen, senior economist at the Economist Intelligence Unit.

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French reinsurer Scor shares slide after quarterly net income misses estimates

Latest stories

4 Singapore REITs to Look Out for in June

SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings

The Richest Country in the World by GDP

Shares in Trump Media slump after former president convicted in hush money trial

Fed's stance of higher for longer likely not shaken by new inflation reading

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3 Stocks to Buy for Big Growth

An Intrinsic Calculation For Q & M Dental Group (Singapore) Limited (SGX:QC7) Suggests It's 44% Undervalued

Is DraftKings Inc. (NASDAQ:DKNG) the Best Up and Coming Online Betting Stock?

RTX Secures a $302M Contract to Support F135 Propulsion Systems

April PCE data is 'pretty meaningful step down' for inflation

SGX Dividend Stocks To Watch In May 2024

Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003

Oil settles down ahead of OPEC+ meeting, posts weekly loss

Stock market today: Wall Street rallies to close out a bloom-filled May

Yen weakness persists despite Tokyo's $62 billion intervention

Are You Looking for a High-Growth Dividend Stock?

Bitcoin Gains. Why the Largest Crypto Will Continue to Dominate Over Ether.

China's factory activity unexpectedly dips as property pain persists