Visa (V) reported better-than-expected second quarter results. Adjusted earnings per share of $2.51 topped estimates of $2.09. Net revenue was $8.78 billion compared to an expectation of $8.62 billion.
Yahoo Finance's Julie Hyman and Jared Blikre break down the report.
For more expert insight and the latest market action, click here to watch this full episode.
This post was written by Stephanie Mikulich.
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.
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
Intel stock continued a 2024 slump in late April after the chip maker provided disappointing guidance. With the shares trading at their lows for this year, CEO Pat Gelsinger bought up Intel stock on the open market. According to forms he filed with the Securities and Exchange Commission, Gelsinger purchased the stock through a family trust that now owns 39,400 shares.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Venture...
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
“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.
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.
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million.
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
We profile five promising US growth stocks that are enjoying increasing profits and dividends. The post 5 US Growth Stocks That Are Growing Their Profits and Dividends appeared first on The Smart Investor.
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
Franco-Nevada ( TSE:FNV ) First Quarter 2024 Results Key Financial Results Revenue: US$256.8m (down 6.9% from 1Q 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.
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.
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
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.
Get a deeper insight into the potential performance of Shopify (SHOP) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
Yahoo Finance