Sea Limited (SE) Rose on Stabilized Competitive Environment

Moneywise
Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'
It's all about where the returns come from.
The Smart Investor
3 Singapore REITs I Plan to Buy When the Market Crashes
Should there be a market crash, here are three Singapore REITs that I am eyeballing for my portfolio. The post 3 Singapore REITs I Plan to Buy When the Market Crashes appeared first on The Smart Investor.
The Smart Investor
3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends
Here are three blue-chip stocks that are on the way to raising their dividends. The post 3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends appeared first on The Smart Investor.
The Smart Investor
Southeast Asia’s First-Ever Fortune 500 Ranking: 3 Companies You Should Keep Your Eye On
Here are three companies that made it to Southeast Asia’s first-ever Fortune 500 list. The post Southeast Asia’s First-Ever Fortune 500 Ranking: 3 Companies You Should Keep Your Eye On appeared first on The Smart Investor.
Barrons.com
Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion
Berkshire has reduced or eliminated stakes in several banks in recent years, including Wells Fargo, JPMorgan Chase, and Goldman Sachs .
Benzinga
Nvidia Could Be Worth Nearly $50 Trillion In A Decade, Says Early Tesla, Amazon Investor: Nearly 2X That Of US Or 3X Of China's Current GDP
A prominent tech investor predicted that NVIDIA Corp. (NASDAQ:NVDA) could achieve a market capitalization of nearly $50 trillion within the next decade. What Happened: James Anderson, an early investor in companies like Tesla Inc (NASDAQ:TSLA) and Amazon.com Inc (NASDAQ:AMZN), expressed his bullish outlook on Nvidia’s future potential, reported the Financial Times on Sunday. He suggested that the chipmaker’s market cap could potentially surpass the combined value of the current S&P 500. Don't Mi
Reuters Videos
Nvidia prepping new China chip in line with export curbs
STORY: Nvidia is working on a new version of its flagship AI chips that is meant to avoid U.S. restrictions on sales to China. That’s according to Reuters sources. They say the new silicon will be compatible with Washington’s export controls. There was no comment on the report from the company. The AI chip champion unveiled its “Blackwell” semiconductors in March. It’s thought the new product for China will be a derivative. The U.S. tightened controls on the export of chips to China in 2023. It wants to prevent breakthroughs in supercomputing that could help the country’s military. Recent reports claim more controls are likely, with Washington pressuring allies like Japan to impose further controls too. Since the U.S. curbs were introduced, Chinese tech giants including Huawei have sought to develop their own alternative semiconductors. That’s a challenge Nvidia would like to defeat, with China accounting for over a quarter of its sales before the recent tensions began.
Barrons.com
Stock Futures Climb After Biden Quits Campaign. Here’s What to Watch Next.
U.S. stocks are poised for a higher open on Monday, offering the first glimpse of the markets’ reaction to President Joe Biden’s decision not to seek reelection and endorsement of Vice President Kamala Harris to become the Democratic presidential candidate. At 6:30 p.m. Eastern Time on Sunday, Dow Jones Industrial Average futures had gained 40 points, or 0.1%, S&P 500 futures had risen 0.2%, and Nasdaq Composite futures had advanced 0.3%. Polls had shown Donald Trump’s lead over Biden widening since the president’s poor debate, the failed assassination attempt on former President Trump, and the Republican convention.
The Independent
13 celebrities who lost their fortunes: ‘I had zero money’
Francis Ford Coppola and 50 Cent feature on this list of surprising stars who have suffered significant financial difficulties over the years
Reuters
Oil drops as investors look past Biden exit, focus on weak fundamentals
NEW YORK (Reuters) -Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden's decision to end his reelection bid and focused on rising stockpiles and signs of weak demand. Biden ended his campaign on Sunday and endorsed Vice President Kamala Harris as the Democrat who should face Republican Donald Trump in the November election. Traders took Biden's decision in stride while shrugging off escalating tensions in the Middle East, U.S. fuel distributor TACenergy's trading desk wrote on Monday.
Reuters
Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift
The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China's move to cut several key interest rates, while the dollar was little changed as it awaited fresh impetus. China on Monday surprised markets by cutting major short and long-term interest rates in its first such broad move since last August, signalling intent to boost growth in the world's second-largest economy. The two Antipodean currencies, often used as liquid proxies for the Chinese yuan, were flat after slumping in the previous session in the wake of the news.
South China Morning Post
US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair
The Federal Reserve is likely to cut interest rates three times this year as inflation heads downward and the labour market cools, according to Richard Clarida, who was vice-chair of the US central bank from 2018 to 2022. Any further improvements in inflation data and increases in the unemployment rate in the US will inform the Fed's decision, Clarida, currently the global economic adviser for asset management giant Pimco, said in an interview in Hong Kong. Pimco's forecast is for two rate cuts,
Reuters
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
As imbalances in China's economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to achieve major breakthroughs in recent years. Faced with deflationary pressures and weak demand at home and increased hostility towards its export dominance abroad, the twice a decade political event, known as a plenum, chose to point towards policy continuity rather than any structural shifts. The plenum "has clearly not been a game changer in terms of the reforms announced, especially given the challenges ahead both externally and domestically," said Alicia Garcia Herrero, chief Asia Pacific economist at Natixis.
Simply Wall St.
July 2024 Insight Into Three SGX Stocks Estimated As Undervalued
As the global financial landscape evolves, the Singapore market remains a focal point for investors seeking stability and growth opportunities. Recent developments, such as the expansion of innovative payment solutions in Europe by companies like Stables, highlight an increasing integration of traditional finance with digital assets, setting a progressive tone for markets worldwide. In this context, identifying undervalued stocks becomes crucial as they may offer potential for significant...
Reuters
Founder of South Korea's Kakao arrested for suspected stock manipulation
SEOUL (Reuters) -The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year. The case is the latest legal twist for Kakao, which runs South Korea's largest chat app, after the company and another executive went on trial last year for alleged wrongdoing during the same acquisition. Kim, who is also known as Brian Kim, is seen as a visionary in South Korea's digital industry for building Kakao's group of affiliates - worth 86 trillion won ($62 billion) by assets - from the ground up since launching the chat app in 2010.
Benzinga
Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'
Cryptocurrency analyst Kevin Svenson has predicted a potential 83% surge for Bitcoin (CRYPTO: BTC) but noted that this is contingent upon the stability of the stock market. Svenson suggested that the digital currency is on the verge of a significant increase. In a video on YouTube posted this week, he asserted that Bitcoin is within a bullish structure that began in early 2023 and could potentially rise by 72% to 83% from its current standing. Don’t Miss: 1 in 4 Americans own a share of Bitcoin
Reuters
CrowdStrike shares tumble 13% on IT outage impact
CrowdStrike's glitchy update to its security software crashed computers powered by Microsoft's Windows operating system, disrupting internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare. Microsoft said on Saturday about 8.5 million Windows devices, or less than 1% of all Windows machines, were affected. While analysts largely expect CrowdStrike to recover from the incident given its leading position in the industry, concerns around reputational damage, a hit to new customer contracts, competition and possible legal tussles remain.
Reuters
Rupee ends little changed after touching record low; budget in focus
The Indian rupee closed nearly flat on Monday after slipping to its weakest level on record earlier in the session amid a decline in the Chinese yuan, although dollar sales by state-run banks helped cap further losses in the domestic currency. Foreign investors have poured $5 billion into Indian equities and debt so far this month, per NSDL data, but the Reserve Bank of India likely absorbed a large part of the inflows, spurring a jump in foreign exchange reserves to a record high of $667 billion. Asian currencies were mostly weaker on Monday, with the offshore Chinese yuan down 0.1% at 7.29 after the country's central bank unexpectedly cut interest rates.
Yahoo Finance Video
Wall Street bullish on Nvidia, Apple: Price targets raised
Nvidia (NVDA) shares are rallying in Monday's trading session following a price target upgrade from Piper Sandler. The investment firm raised its target for the chipmaker to $140 from $120, maintaining an Overweight rating and citing "extremely strong" demand for the company's products. Similarly, Apple (AAPL) received a boost from Wells Fargo analysts, who raised the tech giant's price target to $275 from $225. The bank highlighted the potential of Apple's artificial intelligence initiatives to drive sales and trigger an upgrade cycle among consumers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Reuters
Europe's STOXX 600 regains some ground after last week's battering
European shares closed up on Monday, recouping some of the steep losses clocked last week with technology and financials leading gains, while Ryanair led a rout amongst airlines after reporting a quarterly profit slump. The pan-European STOXX 600 index closed 0.9% higher, coming off a five-day losing run, a streak last seen in October 2023. Most sectoral indexes closed higher, with technology shares adding 1.8%, coming off their worst weekly drop in over three years, as some chip stocks rebounded following the global selloff seen last week when investors fretted over the prospects of possible U.S. trade restrictions.

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Sea Limited (SE) Rose on Stabilized Competitive Environment

Latest stories

Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'

3 Singapore REITs I Plan to Buy When the Market Crashes

3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends

Southeast Asia’s First-Ever Fortune 500 Ranking: 3 Companies You Should Keep Your Eye On

Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion

Nvidia Could Be Worth Nearly $50 Trillion In A Decade, Says Early Tesla, Amazon Investor: Nearly 2X That Of US Or 3X Of China's Current GDP

Nvidia prepping new China chip in line with export curbs

Stock Futures Climb After Biden Quits Campaign. Here’s What to Watch Next.

13 celebrities who lost their fortunes: ‘I had zero money’

Oil drops as investors look past Biden exit, focus on weak fundamentals

Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift

US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair

Analysis-China faces growing scepticism over its commitment to decade-old policy pledges

July 2024 Insight Into Three SGX Stocks Estimated As Undervalued

Founder of South Korea's Kakao arrested for suspected stock manipulation

Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'

CrowdStrike shares tumble 13% on IT outage impact

Rupee ends little changed after touching record low; budget in focus

Wall Street bullish on Nvidia, Apple: Price targets raised

Europe's STOXX 600 regains some ground after last week's battering