Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K

Yahoo Finance
Under Armour is collapsing — And Kevin Plank has to take the blame
The Under Armour meltdown continues.
The Edge Singapore
DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month
His remaining 2.3 million shares are worth more than $80 million
Reuters
Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit
MOSCOW (Reuters) -A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions. The St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.
Investing.com
The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs
Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.
Insider Monkey
Jim Cramer’s Latest Stock Picks in May 2024
Jim Cramer on Friday analyzed the market rally following the latest CPI data which showed inflation was easing in April. Cramer said bears are clearly fighting an “uphill” battle and unless they could get any clear sign that inflation is heating up, he expects the rally to continue. Cramer Thinks The Market is “Outrageously Bullish” […]
Reuters
Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says
Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on the most actively shorted stocks tracked by a Goldman Sachs index. Most hedge fund short covering, when investors have to buy back stock borrowed for bearish bets, came from stocks tracked in the Goldman Sachs index, the bank's note said.
Yahoo Finance
Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks
Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Moneywise
Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves
Consumers still have some control where their money goes.
The Smart Investor
Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI
We review the latest earnings from Singapore’s flagship carrier and look at the latest technological updates from a software giant. The post Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI appeared first on The Smart Investor.
BBC
Post Office: Fujitsu sacked top boss at height of Horizon scandal
Global president Rod Vawdrey then returned to Australia and made millions in a "train wreck" float.
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.
Reuters
Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
The companies are, however, backing away from an initial plan to make an all-cash $26 billion offer for Paramount, the newspaper said. Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings.
Barrons.com
Gold Is at Record Levels. Its Future Still Looks Bright.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
Barrons.com
World’s Largest Hedge Fund Bet Big on Apple, Nvidia, and Microsoft Stock
Bridgewater Associates bought shares of Apple, Nvidia, and Microsoft in the first quarter, and halved a stake in NIO.
Yahoo Finance Video
The story behind the surge in silver, copper, and gold
Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
SmartAsset
Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With?
I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.
Reuters Videos
CIO detects 'whiff' of stagflation but no 'stench'
STORY: Chatter of stagflation had been fanned by news of a sharp moderation in economic growth and a surge in inflation in the first quarter.Asked earlier this month about the risk the U.S. was entering a period of stagflation, Federal Reserve Chair Jerome Powell said current conditions are nothing like those seen in the late 1970s when prices were rising more than 10% annually at one point alongside high unemployment.Rathbun said that since the risk of stagflation is low, the Fed should start lowering interest rates "sooner rather than later" to help sectors that have been hit hard by higher borrowing costs, such as the housing market."If housing activity resumes toward normalization, I do think that rent prices and inflation on the rent side, may start to come down," said Rathbun. "Ironically, lowering rates could actually help with the inflationary scenario."
AFP News
Dow finishes above 40,000 for first time as rally pauses in Europe
The Dow scored its first-ever finish above 40,000 points Friday in a flourishing end to a week of records after a subdued session in Europe and a rally in some Asian markets.But European markets were hit Friday by a round of profit-taking.
Zacks
Defensive Stocks to Consider Amid Jamie Dimon's Concern for a Large Market Correction
Often asked for his economic opinion and outlook, JPMorgan Chase (JPM) CEO Jamie Dimon alluded to concerns of a broader economic slowdown and the possibility of a large stock market correction while speaking with Bloomberg on Thursday.
South China Morning Post
China is key market for Singaporean biotech start-up's stomach cancer early diagnosis kit
Mainland China will become the largest single market for Singaporean diagnostics start-up Mirxes' core product, a stomach cancer detection kit that was key to the company's development, according to Zhou Lihan, its CEO and co-founder. The biotechnology firm, which launched the world's first molecular diagnostic kit for early detection of gastric cancer in 2019, refiled its draft prospectus for a Hong Kong initial public offering in April with the target of raising at least US$100 million for a v

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Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K

Latest stories

Under Armour is collapsing — And Kevin Plank has to take the blame

DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month

Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit

The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs

Jim Cramer’s Latest Stock Picks in May 2024

Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says

Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks

Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves

Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI

Post Office: Fujitsu sacked top boss at height of Horizon scandal

Markets brace for Nvidia earnings: What to know this week

Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports

Gold Is at Record Levels. Its Future Still Looks Bright.

World’s Largest Hedge Fund Bet Big on Apple, Nvidia, and Microsoft Stock

The story behind the surge in silver, copper, and gold

Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With?

CIO detects 'whiff' of stagflation but no 'stench'

Dow finishes above 40,000 for first time as rally pauses in Europe

Defensive Stocks to Consider Amid Jamie Dimon's Concern for a Large Market Correction

China is key market for Singaporean biotech start-up's stomach cancer early diagnosis kit