Zoetis to sell medicated feed additive portfolio to Phibro in $350 mln deal

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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.
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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.
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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.
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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.
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'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.
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Tesla Stock Is Up Because the EV News From China Isn’t Always Bad
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
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Morning Bid: China clouds darken market mood
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
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TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
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BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
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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.
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.
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.
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Wall Street's biggest bear flips, raises S&P 500 price target by 20%
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Hong Kong stocks retreat as sentiment cools, Li Auto sinks 19% after dismal earnings
Hong Kong stocks declined by the most in five weeks, pulling back from 10-month highs as Li Auto's earnings fell short of market expectations and sparked concerns about corporate financial performances in the world's second largest economy. The Hang Seng Index lost 1.9 per cent to 19,265.74 as of 3.30pm local time, the biggest retreat since April 16. The Tech Index lost 3.8 per cent while the Shanghai Composite Index weakened 0.4 per cent. EV maker Li Auto's plunged 18.7 per cent to HK$81.20, it
Reuters SG
UPDATE 2-Singapore sells 30-year green bond, raising $1.9 billion
Singapore's government sold a S$2.5 billion ($1.9 billion) 30-year green bond on Tuesday after pricing at a yield of 3.30%, according to an announcement on the central bank's website and a term sheet viewed by Reuters. The long-dated bond has an initial price guidance of about 3.46%, an earlier term sheet on Tuesday showed. Coupon rate stood at 3.25%, the website and term sheet showed.
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25 Bad Habits You Must Avoid If You’re Trying To Save Money
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XPeng Stock Soars on Earnings. There’s Hope for China EVs.
XPeng stock was soaring Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about 2 percentage points better than analysts’ forecasts.
Simply Wall St.
Investing in Masterflex (ETR:MZX) five years ago would have delivered you a 98% gain
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Zoetis to sell medicated feed additive portfolio to Phibro in $350 mln deal

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

Tesla Stock Is Up Because the EV News From China Isn’t Always Bad

Morning Bid: China clouds darken market mood

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

New Strong Sell Stocks for May 20th

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

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

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

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

Wall Street's biggest bear flips, raises S&P 500 price target by 20%

Money Expert Paula Pant: 3 Foolproof Ways To Grow Your Net Worth

Hong Kong stocks retreat as sentiment cools, Li Auto sinks 19% after dismal earnings

UPDATE 2-Singapore sells 30-year green bond, raising $1.9 billion

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

XPeng Stock Soars on Earnings. There’s Hope for China EVs.

Investing in Masterflex (ETR:MZX) five years ago would have delivered you a 98% gain