- Straits Times Index
3,207.39 -0.01% - S&P 500
4,205.45 +1.30% - Dow
33,093.34 +1.00% - Nasdaq
12,975.69 +2.19% - Bitcoin USD
27,566.94 +2.94% - CMC Crypto 200
594.83 +1.30% - FTSE 100
7,627.20 +0.74% - Gold
1,964.90 +0.13% - Crude Oil
72.87 +1.45% - 10-Yr Bond
3.8100 -0.10% - Nikkei
30,916.31 +0.37% - Hang Seng
18,746.92 -1.93% - FTSE Bursa Malaysia
1,402.98 +0.04% - Jakarta Composite Index
6,687.00 -0.26% - PSE Index
6,530.20 -0.46%
ReutersAnalysis-Why a US debt deal may only provide short-term relief for markets
Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting an economically destabilizing default. "This will be pretty good for the market," said Amo Sahota, director at KlarityFX, adding that it may give more reason for the U.S. Federal Reserve to feel confident about raising rates again.
The Smart InvestorTop Stock Market Highlights of the Week: Nvidia’s Share Price Soars, SGX and the Japanese Stock Market
We write about the blowout forecast from an advanced microchip maker and witness the recovery of one of the world’s major stock markets. The post <strong>Top Stock Market Highlights of the Week: Nvidia’s Share Price Soars, SGX and the Japanese Stock Market</strong> appeared first on The Smart Investor.
AFP NewsGlobal stocks climb on debt deal hopes
Global stock markets advanced Friday on hopes of progress in negotiations to avert a calamitous US debt default and a continued rally in tech stocks over enthusiasm for firms involved in artificial intelligence."The market is rising on the hope that they probably will be announcing very soon that we avert the default," Peter Cardillo from Spartan Capital Securities told AFP, referring to the negotiations between the White House and Republicans in Congress.
Yahoo FinanceStocks rise as investors await debt deal, AI hype lifts tech: Stock market news today
Stocks were higher on Friday as a wave of AI-related hype pushed the Nasdaq higher and optimism a debt ceiling deal is getting closer in Washington boosted sentiment ahead of a long weekend.
ReutersParamount Global shares rise as major shareholder gets $125 million investment deal
Shares of Paramount Global rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm. National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday. BDT Capital Partners, which is a private equity firm backed by Dell Inc founder Michael Dell and billionaire investment banker Byron Trott, will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
- Investing.com
Stock market today: Dow ends week lower despite rally on debt-ceiling optimism
Investing.com -- The Dow ended the week lower despite rallying on Friday as optimism grows that negotiators in Washington are closing in on a debt-ceiling agreement that is needed to prevent the U.S. from defaulting on its debt payments.
ReutersCummins engine filter unit valued at $1.8 billion in strong market debut
(Reuters) -Atmus Filtration Technologies Inc, the filtration business of U.S. diesel engine maker Cummins Inc, fetched a valuation of $1.8 billion in a strong market debut on Friday. Shares of Atmus opened at $21.67, up 11% from their initial public offering price of $19.5 a share. The company had previously guided the IPO could be priced at between $18 and $21 per share.
ReutersMexico president eyes 'half' of Citi unit amid IPO plan
Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of its Mexican unit, known as Banamex, for an IPO, prompting Lopez Obrador to announce that the government could invest in the business and had up to $3 billion to do so. The president, who said the government had expected to earn around $2 billion in taxes from the estimated $7 billion sale of Banamex, returned on Friday to the possibility of taking a large stake alongside Mexican shareholders.
TechCrunchDaylight's sunset and Meta's year of focus
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Mary Ann and Alex were a dynamic duo this week, taking on a blizzard of tech news, startup updates, and questions that linger over hundreds of billions of dollars worth of venture capital investments. The fascinating backers of Checkmate and the future of online shopping: Mary Ann covered a very interesting Series A for Checkmate, a startup that not only has shown real legs on the competitive App Store, but also on social media platforms far and wide.
- Investing.com
Midday movers: Marvell Technology, Ford Motor, Gap and more
Investing.com -- Stocks are surging on Friday as investor optimism rose about lawmakers reaching an agreement on the debt ceiling in the next few days. Here are the market movers for May 26.
ReutersToronto market pares weekly decline as financials rebound
(Reuters) -Canada's main stock market rallied on Friday, helped by gains for financial and technology shares as well as signs of progress in U.S. debt ceiling talks, but the index still posted its fifth straight weekly decline. The Toronto Stock Exchange's S&P/TSX composite index ended up 146.23 points, or 0.7%, at 19,920.31. For the week, the index was down 2.1% as Canada's major banks reported quarterly earnings.
- Investing.com
U.S. stocks are rising as debt ceiling deal comes into focus; Marvell pops
U.S. stocks are rising as investors await the outcome of debt ceiling negotiations. At 10:50 ET (14:50 GMT), the Dow Jones Industrial Average was up 332 points or 1%, while the S&P 500 was up 1.1% and the NASDAQ Composite was up 1.6%. Lawmakers appear close to announcing a framework for an agreement, though the debt ceiling deadline of early June is still looming as Congress takes a break for the Memorial Day weekend.
ReutersWall Street indexes end sharply higher on optimism about debt ceiling
U.S. stocks finished sharply higher on Friday as talks on raising the U.S. debt ceiling progressed, while chip stocks surged for a second straight day on optimism about artificial intelligence. After several rounds of talks, U.S. President Joe Biden and top congressional Republican Kevin McCarthy appeared to be nearing a deal to increase the government's $31.4 trillion debt limit for two years, while capping spending on most items, a U.S. official told Reuters. The Dow Jones Industrial Average ended a five-day losing streak, while the Nasdaq Composite Index and S&P 500 closed at their highest levels since August 2022, with the S&P 500 above 4,200 points.
- Reuters
ParshipMeet IPO not realistic in 2023 - ProsiebenSat.1 CEO
An initial public offering (IPO) of the dating group ParshipMeet will not be possible this year due to the investor climate, the chief executive of majority shareholder ProsiebenSat.1 told Reuters in an interview on Friday.
- Investing.com
Gap, Marvell, Workday rise premarket; Ulta Beauty falls
Investing.com -- Stocks in focus in premarket trade on Friday, May 26th. Please refresh for updates.
- Investing.com
4 big analyst cuts: Snowflake downgraded twice on guidance miss
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Snowflake, MongoDB , Digital Turbine, and Annexon. Snowflake (NYSE:SNOW) was downgraded at two Wall Street firms after reporting its Q1 earnings, resulting in a share price drop of more than 16% yesterday, as InvestingPro reported in real-time. While Q1 results came in better than expected, the company’s outlook disappointed investors.
- Investing.com
Dow futures rise 45 pts; debt negotiations, core PCE data in focus
U.S. stocks are seen opening marginally higher Friday, with investors awaiting more news over the negotiations to lift the U.S. debt ceiling as well as the release of the Federal Reserve's favorite gauge of inflation. At 07:00 ET (11:00 GMT), the Dow Futures contract was up 45 points, or 0.1%, S&P 500 Futures traded 7 points, or 0.2%, higher and Nasdaq 100 Futures climbed 40 points, or 0.3%. The tech-heavy Nasdaq Composite closed 1.7% higher Thursday, boosted by Nvidia (NASDAQ:NVDA), the world's most valuable semiconductor firm, projecting a record quarter because of surging demand for chips that help power artificial intelligence technology.
EdgePropKeppel Corp and Keppel Vietnam Fund to take stake in two residential projects near Ho Chi Minh City
Keppel Corp and Keppel Vietnam Fund take 49% stake in 2 residential projects with Khang Dien Group in Ho Chi Minh City.SINGAPORE (EDGEPROP) - Keppel Corporation, together with Keppel Vietnam Fund (jointly, the Keppel Consortium), have entered into binding agreements to acquire from the Khang Dien Group a 49% interest in two adjacent residential projects in Thu Duc City, Ho Chi Minh City, Vietnam, for VND3,180 billion ($187.1 million). The Keppel Consortium and Khang Dien Group plan to jointly de
- Investing.com
Debt ceiling progress, PCE due, OPEC+ output cut debate - what's moving markets
Investing.com -- U.S. President Joe Biden says lawmakers are carrying out productive talks over raising the debt ceiling, but a final deal remains elusive with a possible default now only days away. Elsewhere, a gauge of inflation closely watched by the Federal Reserve is due out, while debate swirls around whether OPEC+ will slash oil production at its next meeting.
ReutersAnalysis-Wall Street prepares for Treasuries mess as default looms
Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt that comes due in June and others preparing to deal with securities at risk of default. U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items, as a June 1 "X date" approaches for when the Treasury Department has said it could run out of money to pay its bills. Treasury securities are used widely as collateral across markets.
The TelegraphThis trust’s reliable dividend growth track record appeals in times of economic uncertainty
“Keep it simple” is arguably the most useful adage in the world of income investing. Indeed, in Questor’s view, a diverse portfolio of dividend-paying stocks offers the simplest route to a generous and growing income over the long run.
ReutersWall Street rallies, European shares see biggest gain in 2 months
NEW YORK/LONDON (Reuters) -Wall Street's main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U.S. debt ceiling progressed. Treasury yields climbed as investors rethought how long interest rates were likely to keep rising. Democratic and Republican negotiators were still struggling to reach a deal to raise the U.S. government's debt ceiling with the deadline looming.
The Edge SingaporeKeppel Corp and Keppel Vietnam Fund to take stake in two residential projects in Ho Chi Minh City
Keppel Corp and Keppel Vietnam Fund take 49% stake in 2 residential projects with Khang Dien Group in Ho Chi Minh City
TechCrunchElectric truck maker Nikola at risk of being delisted from Nasdaq
Nikola, the beleaguered electric truck developer, is at risk of being delisted from Nasdaq, the company disclosed Thursday in a regulatory filing. Nikola said that on May 24 it received a delisting notice from the public exchange because its share price has been below $1 for the past 30 days. The company has until November 20 to comply with Nasdaq's minimum price rule, which requires the share price to be above $1 for 10 consecutive business days.
Yahoo FinanceNasdaq surges as Nvidia soars: Stock market news today
Stocks were mixed on Thursday as Nvidia led a tech rally despite debt ceiling concerns hanging over broader markets.