SAP extends CEO Klein's contract until 2028

Simply Wall St.
Shareholders in Suntec Real Estate Investment Trust (SGX:T82U) are in the red if they invested five years ago
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
The Edge Singapore
Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan
Singtel is increasing dividend for the third year
Yahoo Finance
'Demand is just so strong': Nvidia CEO Jensen Huang tells Yahoo Finance supply can't keep up
Nvidia's quarterly results blew away estimates again on Wednesday, and as the company moves to its next-generation chips its CEO sees supply, not demand, serving as its biggest challenge.
GOBankingRates
If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
AFP News
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
The Independent
Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
The Smart Investor
Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns
Over the past five years, there were three US stocks that beat the 93% return of the SPDR S&P 500 ETF (NYSE: SPY). And no, they are not any of the Magnificent 7 stocks. The post Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns appeared first on The Smart Investor.
Reuters
Fed shifts talk to 'scenarios' as policy grows less certain
Federal Reserve Chair Jerome Powell said in a May 1 press conference he didn't want to talk about economic "hypotheticals," but that's what he and other U.S. central bank officials have shifted towards in discussing monetary policy that has hit an uncertain juncture in the effort to tame inflation. Dropping what had been explicit guidance about the likelihood of interest rate cuts this year, Powell and other Fed officials are instead focusing attention on broadly different near-term paths the economy might follow, and their likely reaction to each case. Former Fed officials and staffers with experience attending meetings of the policy-setting Federal Open Market Committee say that's a sign of just how uncertain policymakers feel right now and is meant to shift attention from the detailed economic and policy projections they produce each quarter and onto a wider array of potential outcomes.
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
Reuters
Gold prices drift lower on hawkish Fed minutes
Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates. Spot gold fell 0.3% at $2,370.74 per ounce, as of 0335 GMT, after falling more than 1% in the previous session. "Gold did take a bruising after the Fed minutes reminded investors that interest rate cuts are far from imminent," said Tim Waterer, chief market analyst at KCM Trade.
Reuters
Analysis-Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market. "To some extent, I think what's been announced isn't yet of a scale that is going to start putting a meaningful kind of tens of percentage points onto GDP," said Sunil Krishnan, head of multi-asset funds at Aviva Investors in London.
Reuters
Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm
TOKYO (Reuters) -The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. The New Zealand dollar continued its climb as an unexpected rise in local retail sales added to hawkish guidance from the central bank a day earlier to push back bets for rate cuts. Fed officials at their April 30-May 1 session indicated they still had faith that price pressures would ease, if only slowly, but the meeting summary also reflected discussion of possible tightening.
Reuters
VinFast sued in the US for not paying rent for showroom
Vietnam's electric vehicle maker VinFast is being sued in a California court for not having paid rent for a store, according to a complaint filed by real estate services firm SPG Center LLC, which VinFast said was inaccurate. SPG Center said VinFast had rented the premises in a shopping centre in Palo Alto from the end of March 2023, but had stopped paying since May 2023 through last month, with the total amount due of nearly $356,000, equal to twelve months of rent, according to the complaint it filed on May 14 with California's Superior Court for the county of Santa Clara. "The allegation that VinFast has not paid rent from May 1, 2023, to April 1, 2024, is inaccurate," VinFast said in a statement to Reuters.
Simply Wall St.
Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy
Key Insights Given the large stake in the stock by institutions, Sea's stock price might be vulnerable to their trading...
AFP News
US Fed's rate meeting minutes show growing inflation concerns
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.The minutes of the two-day Federal Open Market Committee (FOMC) meeting show that policymakers generally felt that "recent data had not increased their confidence that inflation was moving sustainably toward two percent."
Insider Monkey
Billionaire Ray Dalio is Selling These Tech Stocks in 2024
When billionaire Ray Dalio left his empire Bridgewater Associates in 2022, the inflation storm and economic uncertainties were pummeling the financial markets. While the fund had started 2022 on a positive note, its returns came crashing down it the last quarter of the year. According to a Bloomberg report, The Pure Alpha fund of Bridgewater […]
Simply Wall St.
Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others
As global markets navigate through technological advancements and heightened cybersecurity measures, the Singapore Exchange (SGX) remains a focal point for investors looking for stability and potential growth. Amidst these evolving dynamics, dividend stocks like DBS Group Holdings offer a particular appeal due to their potential for regular income and relative resilience in fluctuating markets.
HuffPost
Smartmatic Accuses Newsmax Of 'Cover-Up' In Lawsuit Over 2020 Election Lies
The voting software company filed a defamation lawsuit against the right-wing network in 2021.
Reuters
Schneider Electric ends deal talks with Bentley Systems
(Reuters) -Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential "strategic transaction" have ended. "Those discussions are now mutually terminated and no transaction was agreed upon," Schneider said in a statement. Bentley's shares fell more than 5% on the news, giving the company a market value of $16 billion.
Barrons.com
Dell Stock Has Nearly Doubled This Year. Why It Can Head Even Higher.
Analysts raised their price target for the computer maker’s stock to $170 from $125, and maintained a Buy rating on the stock.

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SAP extends CEO Klein's contract until 2028

Latest stories

Shareholders in Suntec Real Estate Investment Trust (SGX:T82U) are in the red if they invested five years ago

Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan

'Demand is just so strong': Nvidia CEO Jensen Huang tells Yahoo Finance supply can't keep up

If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now

Nvidia profits soar on demand for AI power

Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m

Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns

Fed shifts talk to 'scenarios' as policy grows less certain

Canada's Power Corp shuts down China unit, lays off staff, sources say

Gold prices drift lower on hawkish Fed minutes

Analysis-Bulls beat a path to China stock shop but foreigners dare not go in

Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm

VinFast sued in the US for not paying rent for showroom

Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy

US Fed's rate meeting minutes show growing inflation concerns

Billionaire Ray Dalio is Selling These Tech Stocks in 2024

Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others

Smartmatic Accuses Newsmax Of 'Cover-Up' In Lawsuit Over 2020 Election Lies

Schneider Electric ends deal talks with Bentley Systems

Dell Stock Has Nearly Doubled This Year. Why It Can Head Even Higher.