Company News for May 3, 2024

CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
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.
Simply Wall St.
3 SGX Dividend Stocks Offering Up To 7.4% Yield
In recent developments, the Singapore market has shown a keen interest in innovative sectors, highlighted by Mastercard's inclusion of Singapore-based peaq in its Start Path program focusing on blockchain and cryptocurrency. This move underscores a broader acceptance and integration of emerging technologies within the local economic landscape. In this context, identifying dividend stocks that not only offer attractive yields but also demonstrate resilience and adaptability to new market...
The Smart Investor
4 Singapore Industrial REITs with Dividend Yields of 6.6% or More
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.
The Edge Singapore
SIA promotes Scoot CEO to executive vice president
Thng, 50, joined SIA in 1999. He was formerly the CEO of SilkAir and later, Vistara.
The Independent
Under Armour is laying off workers as bloodbath of job cuts across US grows
The company made the announcement in its fourth quarter report
Investing.com
Alibaba rallies to 7-mth high as ‘Big Short’ investor Burry increases stake
Investing.com-- Alibaba Group's (HK:9988) (NYSE:BABA) Hong Kong shares rallied to a seven-month high on Friday after Michael Burry’s investment firm hiked its stake in the e-commerce giant and several of its Chinese peers.
Reuters
Dollar mostly flat as market mulls inflation outlook
NEW YORK/LONDON (Reuters) -The dollar retreated against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve interest rate cuts amid signs of cooling yet persistent inflation and a softening U.S. economy. The euro rose 0.06% against the dollar to $1.0872.
Reuters
China unveils 'historic' steps to stabilise crisis-hit property sector
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.
GOBankingRates
Here’s Why You Should Consider Investing in Intel Today
In 2022, Congress passed the CHIPS Act to promote semiconductor development within the United States, rather than from foreign providers. Specifically, the act appropriated $39 billion to help wean...
Barrons.com
Cisco’s Revenue Fall Wasn’t as Bad as Feared. What Drove the Outperformance.
The networking gear provider said that customers were now working through a glut of routers and switches.
Associated Press
Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
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.
The Telegraph
Boeing supplier cuts 450 jobs after losses fuelled by 737 blowout
A major Boeing supplier is to make up to 450 workers redundant after its biggest customer was forced to cut aeroplane production.
Reuters
China stimulus, US rate cut bets lift gold, silver soars above $30 mark
Gold prices, aided by China's stimulus measures, looked poised to clock their second consecutive weekly gain on Friday on renewed hopes for U.S. interest rate cuts, with silver breaking the $30 barrier to hit an 11-year high. Spot gold rose 1.5% to $2,412.83 per ounce by 1745 GMT, closing in towards an all-time high of $2,431.29 hit on April 12. The market was lifted after China, a major consumer of industrial metals as well as gold, announced "historic" steps to stabilise the crisis-hit property sector.
Benzinga
How Much Money Will A $200,000 Annuity Pay Me Each Month?
Amid volatile market conditions, annuities have become increasingly popular as investors seek reliable income sources for their retirement. Think of an annuity as a personalized pension plan that delivers a consistent income stream, helping mitigate the risk of outliving your savings. An annuity, particularly one purchased with a $200,000 investment, can provide substantial supplemental income, enhancing financial stability in your later years. For example, a $200,000 fixed annuity with a 5% ann
Reuters
Reddit stock jumps after OpenAI partnership
(Reuters) -Shares of Reddit rose 13% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to boost advertising income for the social media platform. The partnership, announced on Thursday, allows Reddit to leverage OpenAI's technology to build tools and features, and OpenAI's ChatGPT platform to integrate Reddit's content in a "real-time, structured" manner. OpenAI will also become an advertising partner for Reddit.
AFP News
Stocks waver after hitting record highs
Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation.Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year and sending Wall Street to record heights on Wednesday.
Yahoo Finance
Stock market today: Stocks pull back from records after Dow touches 40,000 for first time
Signs inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
The Guardian
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing
Zacks
Here's How Much You'd Have If You Invested $1000 in Alphabet a Decade Ago
Holding on to popular or trending stocks for the long-term can make your portfolio a winner.
Zacks
Here's How Much You'd Have If You Invested $1000 in Applied Materials a Decade Ago
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

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Company News for May 3, 2024

Latest stories

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

3 SGX Dividend Stocks Offering Up To 7.4% Yield

4 Singapore Industrial REITs with Dividend Yields of 6.6% or More

SIA promotes Scoot CEO to executive vice president

Under Armour is laying off workers as bloodbath of job cuts across US grows

Alibaba rallies to 7-mth high as ‘Big Short’ investor Burry increases stake

Dollar mostly flat as market mulls inflation outlook

China unveils 'historic' steps to stabilise crisis-hit property sector

Here’s Why You Should Consider Investing in Intel Today

Cisco’s Revenue Fall Wasn’t as Bad as Feared. What Drove the Outperformance.

Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week

Boeing supplier cuts 450 jobs after losses fuelled by 737 blowout

China stimulus, US rate cut bets lift gold, silver soars above $30 mark

How Much Money Will A $200,000 Annuity Pay Me Each Month?

Reddit stock jumps after OpenAI partnership

Stocks waver after hitting record highs

Stock market today: Stocks pull back from records after Dow touches 40,000 for first time

China to cut mortgage rates as part of plan to prop up property market

Here's How Much You'd Have If You Invested $1000 in Alphabet a Decade Ago

Here's How Much You'd Have If You Invested $1000 in Applied Materials a Decade Ago