Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at $26.46 apiece

The Smart Investor
3 Singapore Blue-Chip Stocks That Reported Solid Earnings
Here are three Singapore blue-chip stocks that delivered a robust set of earnings. The post 3 Singapore Blue-Chip Stocks That Reported Solid Earnings appeared first on The Smart Investor.
Fortune
Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
Barrons.com
Intel CEO Pat Gelsinger Picks Up Stock Near 2024 Low
Intel stock continued a 2024 slump in late April after the chip maker provided disappointing guidance. With the shares trading at their lows for this year, CEO Pat Gelsinger bought up Intel stock on the open market. According to forms he filed with the Securities and Exchange Commission, Gelsinger purchased the stock through a family trust that now owns 39,400 shares.
Simply Wall St.
Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Venture...
Benzinga
Warren Buffett Shares A Secret Weapon For Success — 'We've Done Better By Avoiding Dragons Than By Slaying Them'
Warren Buffett’s annual Berkshire Hathaway letters are a breath of fresh air in finance. Packed with investment wisdom, they transcend the trading floor and offer practical advice applicable to anyone seeking success in life. Buffett’s genius lies in his ability to distill complex financial concepts into simple, actionable principles. Whether you’re a seasoned investor or navigating daily decisions, his insights prove valuable. Don't Miss: Are you rich? Here’s what Americans think you need to be
Yahoo Finance
Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
Reuters
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
Yahoo Finance
Apple CEO Tim Cook boasts of future AI plans after earnings beat
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Zacks
Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
The Edge Singapore
Venture Corp reports net profit of $60.1 mil for 1QFY2024, 18.3% lower y-o-y
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million.
Simply Wall St.
HRnetGroup (SGX:CHZ) Will Pay A Larger Dividend Than Last Year At SGD0.0213
The board of HRnetGroup Limited ( SGX:CHZ ) has announced that it will be increasing its dividend by 14% on the 24th of...
Barrons.com
DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
Reuters
GLOBAL MARKETS-Stocks jump, yields drop as Fed cut hopes bloom
A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would keep interest rates higher for longer. Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the 243,000 estimate of economists polled by Reuters. Recent data on inflation and the labor market had fueled concerns the Fed could would be forced to keep rates higher for longer than the market was anticipating, or even raise rates again.
Reuters
Credit Suisse China securities JV says staff down 46% in 2023
Credit Suisse's securities brokerage joint venture in China said its staff numbers sank 46% in 2023, a year the Swiss authorities arranged a takeover to keep the firm from collapsing. Credit Suisse Securities (China) Ltd said in an annual report dated Tuesday that employee numbers were 126 at the end of December, down from 234 a year earlier. The Swiss authorities hastily arranged the takeover of Credit Suisse by cross-town rival UBS in the biggest bank merger since the 2008 global financial crisis.
CNN
At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says
Drugmaker Novo Nordisk said it’s been increasing supply of its sought-after weight-loss drug Wegovy, with at least 25,000 people now starting to take the medicine each week in the United States.
Reuters
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
Zacks
Seeking Clues to Shopify (SHOP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Shopify (SHOP) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Reuters
Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake
Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger who died last year and outlining Berkshire's goal to grow earnings. The meeting is the 60th for Buffett, 93, since he took over Berkshire in 1965. The shareholder meeting is the first since Charlie Munger, Buffett's longtime friend, business partner and foil, died in November at age 99.
Reuters
US STOCKS-Wall St ends sharply higher, jobs data strengthens case for rate cuts
Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic resilience. The tech-heavy Nasdaq led the pack, rising 2% with an assist from Apple shares following the iPhone maker's record share buyback announcement. All three indexes notched their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision.
Reuters
RBA to hold rates in May, only cut once by end-year- Reuters poll
Australia's central bank will hold its key policy rate at 4.35% for a fourth straight meeting on Tuesday and at least until end-September, according to a Reuters poll of economists who forecast just one interest rate cut this year. That change in expectations from two 25 basis point cuts in an April survey follows news inflation fell less than expected last quarter and the labour market remains tight. Although inflation slowed to 3.6% from 4.1% previously, it was not expected to fall below the Reserve Bank of Australia's 2-3% target range until 2025, suggesting the central bank will have to hold rates higher for longer.

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Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at $26.46 apiece

Latest stories

3 Singapore Blue-Chip Stocks That Reported Solid Earnings

Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?

Intel CEO Pat Gelsinger Picks Up Stock Near 2024 Low

Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days

Warren Buffett Shares A Secret Weapon For Success — 'We've Done Better By Avoiding Dragons Than By Slaying Them'

Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%

Global hedge funds chase Hong Kong stocks rally, UBS says

Apple CEO Tim Cook boasts of future AI plans after earnings beat

Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?

Venture Corp reports net profit of $60.1 mil for 1QFY2024, 18.3% lower y-o-y

HRnetGroup (SGX:CHZ) Will Pay A Larger Dividend Than Last Year At SGD0.0213

DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’

GLOBAL MARKETS-Stocks jump, yields drop as Fed cut hopes bloom

Credit Suisse China securities JV says staff down 46% in 2023

At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says

Rivian receives $827 million in incentives to expand Illinois facility, shares jump

Seeking Clues to Shopify (SHOP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake

US STOCKS-Wall St ends sharply higher, jobs data strengthens case for rate cuts

RBA to hold rates in May, only cut once by end-year- Reuters poll