Merck raises 2024 guidance on cancer drug demand

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.
Fortune
It’s ‘just what the Fed chair wanted’ as the economy adds fewer jobs and unemployment rises to 3.9%
“For those grappling with renewed stagflation fears, this payrolls report supports what Powell said earlier this week about not seeing the ‘stag’ or the ‘-flation’ right now,” J.P. Morgan’s Elyse Ausenbaugh noted.
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.
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
BBC
Apple sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.
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.
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.’
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...
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.
Simply Wall St.
Franco-Nevada First Quarter 2024 Earnings: Beats Expectations
Franco-Nevada ( TSE:FNV ) First Quarter 2024 Results Key Financial Results Revenue: US$256.8m (down 6.9% from 1Q 2023...
Reuters
Ping An votes against reappointment of HSBC CEO as director, source says
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.
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.
The Telegraph
Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
Benzinga
Charlie Munger And A Friend Each Made $70,000 Per Year From A $1,000 Investment 60 Years Ago — Raking In Millions Together
At his final Berkshire Hathaway Inc. meeting in 2023, months before his 100th birthday, Charlie Munger surprised investors with a story about a brilliant investment he made over 60 years ago alongside a golfing buddy. The story traces back to 1962 when Munger, then a real estate lawyer, struck an unlikely partnership with Al Marshall, an unemployed golfer with a keen eye for investments. Their encounter on the green led to a pivotal decision: pooling their resources to invest $1,000 each in oil
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
Simply Wall St.
Astronics Corporation's (NASDAQ:ATRO) CEO Compensation Is Looking A Bit Stretched At The Moment
Key Insights Astronics to hold its Annual General Meeting on 8th of May CEO Peter Gundermann's total compensation...
CoinDesk
Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
Both equities and gold have been trading lower since reaching highs in mid-April, the report said.

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Merck raises 2024 guidance on cancer drug demand

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?

It’s ‘just what the Fed chair wanted’ as the economy adds fewer jobs and unemployment rises to 3.9%

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

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

Apple sales fall in nearly all countries

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

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

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

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

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

Franco-Nevada First Quarter 2024 Earnings: Beats Expectations

Ping An votes against reappointment of HSBC CEO as director, source says

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

Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise

Charlie Munger And A Friend Each Made $70,000 Per Year From A $1,000 Investment 60 Years Ago — Raking In Millions Together

US stands to lose Canadian natural gas when LNG Canada terminal starts up

Astronics Corporation's (NASDAQ:ATRO) CEO Compensation Is Looking A Bit Stretched At The Moment

Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says