May 1 (Reuters) - US Federal prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter.
Block did not immediately respond to a Reuters request for comment. Its shares fell more than 7% in early trading.
(Reporting by Pritam Biswas in Bengaluru)
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy? appeared first on The Smart Investor.
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
As the Singapore market embraces innovation, exemplified by Deutsche Bank joining the Monetary Authority of Singapore's Project Guardian to explore asset tokenization, investors are witnessing a dynamic shift in financial technologies and investment possibilities. In this evolving landscape, dividend stocks remain appealing for their potential to offer steady income streams, particularly when navigating through periods of technological transformation and market adaptation.
OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared first on The Smart Investor.
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
Amidst the dynamic landscape of the Singapore stock market, investors continue to seek stable and potentially lucrative opportunities, particularly in high-yield dividend stocks. In this context, understanding what constitutes a robust dividend stock can be crucial, especially when navigating through varying economic conditions that influence market performance.
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
Key Insights Insiders appear to have a vested interest in Boustead Singapore's growth, as seen by their sizeable...
Analysts carry a great deal of weight on Wall Street and help to shape investor sentiment. Analyst upgrades & price target increases are great motivations for investors to buy a stock. Consequently, when an analyst upgrades or maintains a previous rating while increasing the price target, investors may anticipate a boost to the share price. Analysts will often review a particular subsector and then increase price targets on more than one stock within a certain sector. Other times when one analys
Today we're going to take a look at the well-established Advanced Micro Devices, Inc. ( NASDAQ:AMD ). The company's...
While the top- and bottom-line numbers for Sea Limited (SE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Everybody loves credit card sign-up promotions, but not many of us realise the promotions don’t end with a welcome gift. Banks actually shower us with tons of lifestyle deals and... The post Best Bank Offers in Singapore (May 2024): $158 Singapore Airlines Flights, Win $12,000 NTUC shopping vouchers, and More appeared first on MoneySmart Blog.
NEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter. The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for the Federal Reserve to cut interest rates in September after the report.
The Biden administration has enacted a new set of tariffs against China that will hit up to $18 billion in imported goods, including quadrupling the duties imposed on electric vehicles (EVs) and doubling tariffs on solar panels and semiconductors to 50% each. Bernstein Managing Director and Senior Analyst Stacy Rasgon joins The Morning Brief to elaborate on whether or not these trade policies will have any lasting effects on the United States, its demand for semiconductor imports, and the new avenues China is approaching to acquire more AI chips. "The US just doesn't import a lot of direct semiconductors from China... it's maybe a few billion dollars, it's not any more than that. So there's no direct impact," Rasgon says. "Now the indirect impact, you know again risks of further escalation... like counter like actions from China... those have been the issues that we've been dealing with over the last several years. By and large, they have been manageable." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
These product releases just reaffirmed how massively this technology is going to change our lives
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
Berkshire Hathaway Inc. (NYSE:BRK) had its annual meeting earlier this month, and Warren Buffett continued to share his wealth of knowledge on the company, investing, and modern events. At one point, the legendary investor talked about leading electric vehicle maker Tesla Inc., commenting specifically on their recent pivot to releasing robotaxis and a true fully self-driving technology. While Tesla isn't the only company that has self-driving software, it is one of the most advanced. But it's st
With artificial intelligence being the hot buzzwords now, we feature five AI-related growth stocks that you can consider adding to your portfolio. The post 5 AI-Related Growth Stocks to Supercharge Your Investment Portfolio appeared first on The Smart Investor.
The company hopes to grow its trading team in Singapore from the current four to 15 to 20, said its general manager Eric Hu.
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