Company News For May 9, 2024

Fortune
Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during glitch will have their deals canceled by the NYSE
In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share.
The Smart Investor
5 Singapore Blue-Chip Stocks That Can Propel the Straits Times Index to a New High
With indices in the US hitting new highs, these five stocks could push Singapore’s Straits Times Index to a new record. The post 5 Singapore Blue-Chip Stocks That Can Propel the Straits Times Index to a New High appeared first on The Smart Investor.
The Telegraph
Modi ally suffers £9.7bn stock crash as Indian election landslide fails to materialise
A billionaire ally of Narendra Modi has seen the value of his industrial empire crash by one trillion rupees (£9.7bn) after initial counts indicated that the result of the Indian general election was closer than expected.
The Edge Singapore
Seatrium commences share buybacks, paid $1.77 each for just over a million shares
Seatrium on April 29 announced a $100 million share buyback programme
The Smart Investor
3 Singapore Aviation Stocks That Could Be Perfect for Your Portfolio
If you are looking for exposure to the booming aviation sector, these three stocks could be the ones for your portfolio. The post 3 Singapore Aviation Stocks That Could Be Perfect for Your Portfolio appeared first on The Smart Investor.
Bloomberg
Tencent moves into Singapore tower to consolidate office space
Chinese tech giant Tencent Holdings has moved into a new space at a prime office tower in Singapore to bring together more employees in the city-state.
Fortune
Elon Musk can’t just ask ‘his brother and his besties’ at Tesla to pay him $46 billion, NYC comptroller says
Comptroller Brad Lander said the Tesla CEO’s pay package is “outrageously large and insufficiently governed” at a meeting of investors on Tuesday.
Bloomberg
China’s Tiger Brokers eyes Singapore’s riches to propel growth
China’s Tiger Brokers is setting its sights on Singapore’s riches for a revenue boost as it continues to shift away from its home market after a regulatory crackdown.
Simply Wall St.
Exploring Three SGX Dividend Stocks For Your Portfolio
In recent developments within the Singapore market, innovative financial services like Banking-as-a-Service (BaaS) are gaining traction, reflecting a broader trend towards digitalization and enhanced financial offerings. This evolving landscape underscores the importance of stability and consistent returns, qualities that make dividend stocks particularly appealing for investors looking to balance growth with income in their portfolios.
Yahoo Finance Video
Microsoft to initiate layoffs, Google reportedly to follow suit
The tech industry is undergoing a round of layoffs. Microsoft (MSFT) has confirmed it will be introducing a workforce reduction, and Alphabet's Google (GOOG, GOOGL) is reportedly looking to follow suit. Yahoo Finance's Dan Howley explains the motive for the job cuts despite strong balance sheets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Yahoo Finance
Stock market today: Stocks eke out gains as labor market cools, rate-cut bets rise
Investors are weighing signs the surprising resilience in the US economy might be starting to show cracks.
Reuters
US dollar to weaken, but Fed rate cuts are required, say strategists
The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who generally agreed the dollar was overvalued. At the beginning of the year, forecasters and financial markets had predicted the U.S. Federal Reserve would have cut rates at least once by now. With latest interest rates futures pricing showing the Fed would start easing policy in September, analysts in the May 31-June 4 poll of 75 forex strategists forecast the dollar to give up some its gains in coming months.
Simply Wall St.
Here's Why Abundante (SGX:570) Has Caught The Eye Of Investors
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
CNN Business
YOLO is dying. That could be bad news for the economy
Five years after the onset of the pandemic, the free-spending cabaret is coming to an end.
Yahoo Finance Video
Elon Musk ordered Nvidia to prioritize chips for X, xAI: CNBC
Tesla (TSLA) CEO Elon Musk reportedly ordered Nvidia (NVDA) to ship out and divert AI chips originally meant for Tesla to X and Musk's xAI startup, according to emails obtained by CNBC. The Morning Brief team reports on this. 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.
Reuters
Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says
Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia and Salesforce Ventures, as well as new investors including Cisco and Canadian pension fund PSP Investments, according to a source familiar the matter. This concludes the first tranche of Cohere's monthslong fundraising efforts, while the company is still in talks to raise more in the same round at $5 billion valuation, added the source, speaking on condition of anonymity. The funding marks a jump in valuation from Cohere's last private raise, when it was valued at $2.2 billion from investors including Inovia Capital last June.
GOBankingRates
If You Had Invested $1,000 in Gold 10 Years Ago, Here’s How Much Money You’d Have Today
Like most market-based investments, the price of gold gyrates in all directions. So how has it performed over the last ten years? If you invested $1,000 in gold a decade ago, how much would it be...
FX Empire
USD/JPY Forecast – US Dollar Continues to Look For Floor
The US Dollar has fallen hard to kick off the session on Tuesday as the market is still looking for the floor. This is a pair that still pays a positive swap at the end of each session, and this is something that needs to be paid attention to.
Reuters
Morning Bid: Rate cut wagers fire up (again)
A softening labour market and a cooling economy have traders perking up with expectations of a September rate cut from the Federal Reserve, lifting stocks and keeping the dollar under pressure. European stock markets are set for a higher open, futures indicate, with the continent-wide STOXX 600 hoping to shrug off Tuesday's drop ahead of PMI data from the euro zone, France and Germany. The European Central Bank's policy meeting on Thursday will likely keep risk appetite in check as traders await comments to get clarity on how the central bank will follow up after a widely expected rate cut this week.
Barrons.com
GameStop, AMC Stock Are Up 50% Since the Meme Rally Reignited—and Keep on Rolling
It remains to be seen if prices settle around current levels, which are about 50% higher than before the latest frenzy started. GameStop jumped more than 100% at times earlier this week.

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Company News For May 9, 2024

Latest stories

Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during glitch will have their deals canceled by the NYSE

5 Singapore Blue-Chip Stocks That Can Propel the Straits Times Index to a New High

Modi ally suffers £9.7bn stock crash as Indian election landslide fails to materialise

Seatrium commences share buybacks, paid $1.77 each for just over a million shares

3 Singapore Aviation Stocks That Could Be Perfect for Your Portfolio

Tencent moves into Singapore tower to consolidate office space

Elon Musk can’t just ask ‘his brother and his besties’ at Tesla to pay him $46 billion, NYC comptroller says

China’s Tiger Brokers eyes Singapore’s riches to propel growth

Exploring Three SGX Dividend Stocks For Your Portfolio

Microsoft to initiate layoffs, Google reportedly to follow suit

Stock market today: Stocks eke out gains as labor market cools, rate-cut bets rise

US dollar to weaken, but Fed rate cuts are required, say strategists

Here's Why Abundante (SGX:570) Has Caught The Eye Of Investors

YOLO is dying. That could be bad news for the economy

Elon Musk ordered Nvidia to prioritize chips for X, xAI: CNBC

Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says

If You Had Invested $1,000 in Gold 10 Years Ago, Here’s How Much Money You’d Have Today

USD/JPY Forecast – US Dollar Continues to Look For Floor

Morning Bid: Rate cut wagers fire up (again)

GameStop, AMC Stock Are Up 50% Since the Meme Rally Reignited—and Keep on Rolling