Amazon, AMD Can Follow Tesla With an AI Boost, Why Stocks Need It. And 5 Other Things to Know Before the Market Opens.
Paramount Global names 3 to CEO role, regulators investigate Ford’s hands-free driving system, and other news to start your day.
Paramount Global names 3 to CEO role, regulators investigate Ford’s hands-free driving system, and other news to start your day.
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
We feature four attractive industrial REITs sporting distribution yields of 6.6% or higher. The post 4 Singapore Industrial REITs with Dividend Yields of 6.6% or More appeared first on The Smart Investor.
MOSCOW (Reuters) -A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions. The St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.
Manjot Singh Mann, who has been CEO of M1 since 2018, will be appointed Keppel’s CEO of connectivity with effect from June 1.
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.
Elon Musk had another post go viral on his platform, X, with this one eliciting more laughs than controversy. Taking a screenshot from the rule page of the game of Monopoly, about how "the bank never goes bankrupt" as the "banker may also issue ‘new' money," Elon Musk reposted it with the added caption "how the Federal Reserve works." Don't Miss: Startup behind ‘the #1 free contractor app' grows 162% YoY, opens its doors for investors at a $100 minimum. Invest in time-tested solution that aims t
BEIJING/HONG KONG (Reuters) -China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments. Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes. Since the property market began its steep downturn in 2021, a string of developers have defaulted, leaving scores of idle construction sites behind, and sapping confidence in what had for decades been the preferred savings instrument for the Chinese population.
The Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while closing out their latest winning week. The Dow rose 134.21 points, or 0.3%, to 40,003.59, a day after briefly topping the 40,000 level for the first time. It and other indexes on Wall Street have been climbing since the autumn of 2022 as the U.S. economy and corporate profits have managed to hold up despite high inflation, the punishing effects of high interest rates and worries about a recession that seemed inevitable but hasn’t arrived.
Lesser-known small-cap stocks took part in the meme craze this week, outperforming flagship names.
The US dollar has gone back and forth during the course of the trading week against the Japanese yen, but has recaptured the ¥155 level, which of course is a very bullish sign.
Financial influencer Tony Robbins spoke in a recent NewsNation interview about how the average Joe now has access to investment opportunities that were available only to rich investors and hedge funds...
Meme stock pump appears to be dying out as GameStop and retail traders cash in on their winnings.
We review the latest earnings from Singapore’s flagship carrier and look at the latest technological updates from a software giant. The post Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI appeared first on The Smart Investor.
If you’re new to investing, you might think that certain days of the week are better than others to buy and sell.
Inflation isn’t conquered yet. If it does start trending up again, many of the pillars of the current rally would fall.
Copper (HG=F) prices have risen this year amid a supply squeeze. Wells Fargo Head of Real Asset Strategy John LaForge joins The Morning Brief to discuss what is driving copper prices higher and the commodity's outlook. "We, frankly, are not producing enough copper, and yet, there are buyers everywhere right now for copper," LaForge says. However, he explains that the recent rise "was much more speculator-based and wasn't about fundamentals." He adds that commodities have been among the "best-performing major assets out there" since the coronavirus pandemic despite often being overlooked. "Decade after decade, mankind uses more and more commodities, so you have demand going up all the time," he explains. Major factors that impact commodities usually boil down to underlying fundamentals rather than geopolitical roadblocks, LaForge notes. "We were running dry on refined product. And you had some speculators come in and take advantage of that on a futures basis," LaForge says. He adds that despite this bump in the road, demand will continue to surpass supply, driving prices higher. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Local authorities will be allowed to turn unsold homes from developers into affordable housing
The companies are, however, backing away from an initial plan to make an all-cash $26 billion offer for Paramount, the newspaper said. Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings.
European stock markets retreated marginally Friday, ahead of the release of key inflation data amid uncertainty over future interest rate moves. The main European indices closed lower Thursday, breaking a nine-day winning streak, after a series of Federal Reserve officials said interest rates may need to stay higher for longer, puncturing some of the exuberance that following the milder than expected U.S. CPI release. There is more inflation data to study Friday, with the final eurozone CPI reading for April due later in the session.