Hilton Grand Vacations to Report First Quarter 2024 Results

INSIDER
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
Simply Wall St.
3 SGX Dividend Stocks Offering Yields From 5.8% To 7.5%
As the digital transformation accelerates, with a significant shift towards online banking as evidenced by widespread branch closures in the UK, investors might look for stability and consistent returns in their portfolios. In this context, high-yield dividend stocks listed on the SGX present an appealing option for those seeking to generate regular income from their investments amidst changing economic landscapes.
Fortune
AI chip giant Nvidia is about to report first-quarter earnings: Here’s what Wall Street expects as growth looks set to cool
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
AFP News
Nasdaq and gold hit record highs
The Nasdaq hit a fresh record Monday as leading bourses mostly rose, while gold also scored a new all-time high as the shock death of Iranian President Ebrahim Raisi helped bolster the haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Reuters
'Perfect storm' steers gold to another record high; silver jumps
Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak. Spot gold rose 0.9% to $2,435.96 per ounce as of 2:26 p.m. ET (1826 GMT) after hitting a record high of $2,449.89 earlier in the session. Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
Barrons.com
Bitcoin Falls. What’s Holding Back a Crypto Rally.
Bitcoin and other cryptocurrencies were falling Monday, with the crypto sector’s momentum still highly dependent on flows into exchange-traded funds. The largest cryptocurrency hit a record high near $74,000 in mid-March amid a surge of interest from new spot Bitcoin exchange-traded funds (ETFs) but its price has dropped since then.
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
SmartAsset
Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax Issue With the IRS?
How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.
GOBankingRates
10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs
Retirement comes with many expenses, including healthcare, long-term care, housing, food, transportation and entertainment -- to name a few. As someone in the middle class, if your goal is to maintain...
Reuters
Oil falls 1% on sticky US inflation, dampened geopolitical risk premium
HOUSTON (Reuters) -Oil prices settled 1% lower on Tuesday as lingering U.S. inflation looked likely to keep interest rates higher for longer, weighing on fuel demand. Brent crude futures settled down 83 cents, or 1%, to $82.88 a barrel. Ahead of this weekend's Memorial Day holiday, which kicks off the U.S. peak summer driving season, retail gasoline prices fell for the fourth consecutive week to $3.58 per gallon on Monday, the Energy Information Administration (EIA) said in its gasoline and diesel fuel update.
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Zacks
New Strong Sell Stocks for May 20th
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
Yahoo Finance
Markets brace for Nvidia earnings: What to know this week
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
INSIDER
Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.
Truth Social earned $770,500 from advertising, according to the earnings report, which is down from $1.1 million the same time last year.
CNN Business
Jamie Dimon could step down sooner than expected. Here’s who could run the country’s biggest bank
JPMorgan Chase CEO Jamie Dimon has bumped up his retirement plans, the longtime head of America’s largest bank said Monday.
Zacks
If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
GOBankingRates
25 Bad Habits You Must Avoid If You’re Trying To Save Money
A lot can influence how much you save, including your income level, debt load, cost of living and financial habits. If you're trying to up your savings, one way to start is by taking a look at your...
Reuters
Nasdaq hits record, S&P ticks higher with Nvidia results eyed
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals.
Reuters Videos
China's property support measures disappoint
STORY: Shares of Chinese developers wobbled on Monday (May 20).Investors were worried about China's major steps to stabilize its crisis-hit property sector.They feared the moves fell short of what was needed to bring a sustainable turnaround in demand and confidence.Hong Kong's Hang Seng Mainland Properties Index dropped 0.7%.It had gained around 18% so far this month after the Politburo said in April it would work to clear housing inventory.A number of top developers saw shares drop Monday - with the likes of Kaisa and Shimao down more than 10% each.China unveiled measures Friday (May 17) to facilitate up to $138 billion in funding and ease mortgage rules, with local governments set to buy "some" apartments.The central bank said it would set up a near $41.5 billion relending facility for state-owned enterprises.That's to help them buy completed and unsold homes at "reasonable prices" for affordable housing.The central bank expects the relending program would result in $69.1 billion worth of bank financing.Friday's announcement came after waves of policy support measures over the past two years failed to revive the sector.It once made up for a quarter of national GDP and remains a major drag on the economy.A housing ministry publication described the latest policies as an "historic moment" for the industry.But many China watchers were more wary in their assessment.Analysts said the central government's decision to step in as a buyer marked an important step.But they noted the size of financing on offer pales compared to the estimated trillions of yuan worth of housing inventory across the country.Analyst say reviving homebuyer confidence is still the key to a property recovery.However, one market watcher warned few entities will be motivated by Friday's measures under current market conditions.They argued demand for property is weak with many potential buyers concerned about jobs and incomes in future.
Reuters
Fed's Barr: Inflation data 'disappointing,' tight policy needs more time
U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy. "We will need to allow our restrictive policy some further time to continue its work," Barr said, reinforcing the Fed's overarching message that rate cuts, highly anticipated by markets, are on hold until it is clear inflation will return to the Fed's 2% target.

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Hilton Grand Vacations to Report First Quarter 2024 Results

Latest stories

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

3 SGX Dividend Stocks Offering Yields From 5.8% To 7.5%

AI chip giant Nvidia is about to report first-quarter earnings: Here’s what Wall Street expects as growth looks set to cool

Nasdaq and gold hit record highs

'Perfect storm' steers gold to another record high; silver jumps

Bitcoin Falls. What’s Holding Back a Crypto Rally.

TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor

Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax Issue With the IRS?

10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

Nvidia earnings could spark $200 billion swing in shares, options show

New Strong Sell Stocks for May 20th

Markets brace for Nvidia earnings: What to know this week

Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

Jamie Dimon could step down sooner than expected. Here’s who could run the country’s biggest bank

If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now

25 Bad Habits You Must Avoid If You’re Trying To Save Money

Nasdaq hits record, S&P ticks higher with Nvidia results eyed

China's property support measures disappoint

Fed's Barr: Inflation data 'disappointing,' tight policy needs more time