Pinterest stock jumps on Q1 earnings beat

INSIDER
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.
The Smart Investor
Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar?
Singapore’s flagship carrier delivered an impressive performance, but can its share price reclaim the high achieved earlier this year? The post Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar? appeared first on The Smart Investor.
The Smart Investor
4 Singapore Stocks That Raised Their Dividends
We highlight four stocks that recently upped their dividends. The post 4 Singapore Stocks That Raised Their Dividends appeared first on The Smart Investor.
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
Reuters
'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.
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.
Barrons.com
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.
Barrons.com
XPeng Stock Jumps on Earnings. There’s Hope for China EVs.
XPeng stock rose 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 two percentage points better than analysts’ forecasts.
USA TODAY
Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.
The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
Reuters
Oil falls 1% on sticky US inflation, dampened geopolitical risk premium
HOUSTON (Reuters) -Oil prices settled 1% lower on Tuesday as lingering U.S. inflation looked likely to keep interest rates higher for longer, weighing on fuel demand. Brent crude futures settled down 83 cents, or 1%, to $82.88 a barrel. Ahead of this weekend's Memorial Day holiday, which kicks off the U.S. peak summer driving season, retail gasoline prices fell for the fourth consecutive week to $3.58 per gallon on Monday, the Energy Information Administration (EIA) said in its gasoline and diesel fuel update.
Zacks
New Strong Sell Stocks for May 20th
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
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
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.
CNN Business
Jamie Dimon could step down sooner than expected. Here’s who could run the country’s biggest bank
JPMorgan Chase CEO Jamie Dimon has bumped up his retirement plans, the longtime head of America’s largest bank said Monday.
Futurism
Donald Trump's "Truth Social" Admits It Lost $327 Million This Quarter
How are things going at former President Donald Trump's social media company? Money-wise, astoundingly bad. Trump Media & Technology Group, which owns and operates the breakaway Twitter clone "Truth Social," posted a staggering net loss of over $327.6 million for the first quarter, according to an earnings report filed with the Securities and Exchange Commission […]
The Smart Investor
Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT
We compare two popular REITs under the CapitaLand banner to see which makes the better investment. The post Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT appeared first on The Smart Investor.
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.
Barrons.com
DJT Earnings Report Shows Trump Media Loss. The Stock Is Falling.
The company reported revenue of $770,500 in the January-March period, most of which came from “the company’s nascent advertising initiative.”
Barrons.com
Inflation Might Not Be as Bad as It Looks. Why Stocks Could Head Even Higher.
Since the summer of 2023, the consumer price index has been at or above 3%, notably higher than the Federal Reserve’s annual inflation target of 2%. Slowing inflation could even make rate cuts a reality, which would add juice for sustained economic growth. In April, core CPI, which strips out food and energy, gained 3.6%.
FX Empire
AUD/USD Forecast – Australian Dollar Continues to See Questions Asked
The Aussie continues to see a lot of noise, as we had recently broke above the top of a major consolidation rectangle form the past several months. However, it seems as if we are continuing to see a lot of hesitation at this point.

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Pinterest stock jumps on Q1 earnings beat

Latest stories

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

Singapore Airlines Reported Record Profits for FY2024: Can its Share Price Soar?

4 Singapore Stocks That Raised Their Dividends

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

'Perfect storm' steers gold to another record high; silver jumps

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

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

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

Should the Fed relax its 2% inflation goal and cut interest rates? Yes, some experts say.

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

New Strong Sell Stocks for May 20th

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

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

Jamie Dimon could step down sooner than expected. Here’s who could run the country’s biggest bank

Donald Trump's "Truth Social" Admits It Lost $327 Million This Quarter

Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT

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

DJT Earnings Report Shows Trump Media Loss. The Stock Is Falling.

Inflation Might Not Be as Bad as It Looks. Why Stocks Could Head Even Higher.

AUD/USD Forecast – Australian Dollar Continues to See Questions Asked