Tesla lays off more workers, including 2 execs.: Report

Yahoo Finance
Under Armour is collapsing — And Kevin Plank has to take the blame
The Under Armour meltdown continues.
Fortune
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.
AFP News
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.
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.
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.
Moneywise
Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves
Consumers still have some control where their money goes.
Reuters
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.
Yahoo Finance
Markets brace for Nvidia earnings: What to know this week
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
GOBankingRates
25 Bad Habits You Must Avoid If You’re Trying To Save Money
A lot can influence how much you save, including your income level, debt load, cost of living and financial habits. If you're trying to up your savings, one way to start is by taking a look at your...
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
Barrons.com
Bitcoin Falls. What’s Holding Back a Crypto Rally.
Bitcoin and other cryptocurrencies were falling Monday, with the crypto sector’s momentum still highly dependent on flows into exchange-traded funds. The largest cryptocurrency hit a record high near $74,000 in mid-March amid a surge of interest from new spot Bitcoin exchange-traded funds (ETFs) but its price has dropped since then.
The Independent
Who is Roaring Kitty, the 2021 GameStop stock booster, and why did he suddenly return?
Why did Roaring Kitty return, and what — if anything — does it mean for the future of GameStop’s stock prices?
Reuters
Dollar edges higher as investors await Fed guidance
NEW YORK (Reuters) -The dollar edged up against the euro on Monday as investors awaited further clues on the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling. Federal Reserve officials are not ready to say inflation is heading to the U.S. central bank's 2% target after data last week showed a welcome easing in consumer price pressures in April, with several on Monday calling for continued policy caution. Atlanta Fed President Raphael Bostic said on Monday it will take a while for the Federal Reserve to be confident that inflation is on track back to its goal.
Yahoo Finance
Wall Street's biggest bear flips, raises S&P 500 price target by 20%
Morgan Stanley chief investment officer Mike Wilson believes an improving growth outlook and an earnings rebound will drive the S&P 500 higher over the next year.
Simply Wall St.
Exploring Top Dividend Stocks In Hong Kong For May 2024
As of May 2024, the Hong Kong market has shown resilience with the Hang Seng Index gaining 3.11%, reflecting a positive sentiment among investors despite broader global economic uncertainties. This backdrop creates an interesting scenario for dividend-seeking investors, as stable, high-yield stocks could be particularly appealing in such an environment where steady returns are prized amidst fluctuating markets.
Reuters
Jabil replaces CEO after investigation, pulls 2025 forecast
Dastoor, who has worked at Jabil for 24 years, was named interim CEO on April 18 while Wilson was placed on paid leave since April 15 pending completion of the investigation. Jabil reiterated the investigation does not relate to, and does not impact the company's financial statements or financial reporting, but did not provide further details. "In order to respect the privacy and confidentiality of the individuals involved, we will not be speaking about the details of the investigation or the results," the company said in a statement to Reuters.
Zacks
If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
The Edge Singapore
Southern Capital Group makes 36 cents per share offer for RE&S
A group of RE&S shareholders controlling 84.1% of the shares have already agreed to sell.
Yahoo Finance
Trading stocks all day and all night might be an 'inevitability' for investors
Around-the-clock stock trading is likely the future, executives at several trading platforms say, thanks to increased demand from international markets and a new generation of investors who expect constant online access.
The Telegraph
How much does car insurance cost in the UK?
If you’ve had to renew your car insurance recently, the likelihood is it’s become more expensive.

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Tesla lays off more workers, including 2 execs.: Report

Latest stories

Under Armour is collapsing — And Kevin Plank has to take the blame

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

New Strong Sell Stocks for May 20th

Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves

Morning Bid: China clouds darken market mood

Markets brace for Nvidia earnings: What to know this week

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

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

Bitcoin Falls. What’s Holding Back a Crypto Rally.

Who is Roaring Kitty, the 2021 GameStop stock booster, and why did he suddenly return?

Dollar edges higher as investors await Fed guidance

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

Exploring Top Dividend Stocks In Hong Kong For May 2024

Jabil replaces CEO after investigation, pulls 2025 forecast

If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now

Southern Capital Group makes 36 cents per share offer for RE&S

Trading stocks all day and all night might be an 'inevitability' for investors

How much does car insurance cost in the UK?