PCE inflation data, ExxonMobil earnings: What to Watch

Reuters
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Singapore as part of a broader strategic review globally to become a lower-carbon operator.
Simply Wall St.
Unveiling 3 Top Dividend Stocks In Singapore With Yields Up To 8.5%
As the Singapore market continues to navigate through global economic challenges, including inflation and interest rate adjustments, investors are increasingly looking for stable returns. Dividend stocks, known for their potential to provide regular income, become particularly appealing in such uncertain times.
GOBankingRates
Warren Buffett Invested $74 Billion in This Stock — Should You Invest Too?
Known as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...
Barrons.com
Palantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.
Palantir, a data analytics software company, continued to gain traction with its artificial-intelligence tools in the quarter ended in March. Palantir shares, which rallied 8.1% in Monday’s regular session, fell more than 15% on Tuesday. Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers.
Benzinga
George Soros' Ex-Employee Just Sold A Large Nvidia Stake: DruckenMiller Says It Was A 'Hell Of A Run'
Billionaire investor Stanley Druckenmiller, who runs the Duquesne Family Office, has tapped the brakes on his Nvidia Corp (NASDAQ:NVDA) investment as he believes the artificial intelligence revolution has gone too far too fast. What To Know: Druckenmiller has been betting on AI for more than a year with positions in Nvidia, Microsoft Corp (NASDAQ:MSFT) and other tech leaders. Recent quarterly filings show that he even bought call options in Nvidia stock to help boost his investment exposure. Tue
The Smart Investor
UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings
UOB is the second Singapore bank to report its earnings. The post UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings appeared first on The Smart Investor.
BBC
FTX says it has billions more than owed to victims
The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.
The Edge Singapore
UOB reports 1Q2024 net profit of $1.49 billion, up q-o-q but down y-o-y and 6.4% above estimate
UOB announces net profit of $1.49 billion including Citi integration costs, higher q-o-q, lower y-o-y, and 6% above estimates.
Reuters SG
Singapore's DBS appoints Ping An Technology CEO as chief information officer
Singapore's biggest bank DBS Group said on Wednesday that it has appointed Ping An Technology's chairman and CEO Eugene Huang as its chief information officer (CIO) effective Friday. Huang, who is joining from Ping An Group, has over 36 years of technology and banking experience and will report to DBS Group CEO Piyush Gupta in his new role, DBS said in a statement on Wednesday. "His immediate focus will be to build on the work the bank has done since last year to strengthen our technology resiliency," Gupta said in the statement.
Yahoo Finance
The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
Reuters
Stocks and bonds wobble as global economy throws off mixed signals
LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along. European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates. Many analysts said this would be the year U.S. growth buckled, after the same predictions proved woefully wrong in 2023.
Robb Report
Defrauded FTC Customers Are Getting All of Their Money Back—Plus Interest
Sam Bankman-Fried's failed company has come up with the $8 billion that clients lost when the crypto exchange went bankrupt.
Barrons.com
‘Please, For the Love of God, Take Down Your Gold Exposure.’ What to Buy Instead.
Bear Traps Report’s Larry McDonald recommends investors swap their gold holdings for platinum now. That’s pushed the ratio of gold prices to platinum over 2 to 1. Gold has been hot this year, so hot that one market watcher says it’s time to sell some and buy platinum instead.
CoinDesk
Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.
The Telegraph
Global debt surges to new record high in blow for world economy
Global debt has surged to a record high of $315 trillion (£250 trillion) as China and India continued their borrowing binge despite the risks posed by geopolitical tensions and higher interest rates.
Yahoo Finance
The meme stock surge doesn't appear to be the ominous signal it has been
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.
MoneySmart
The Ultimate List of Credit Card Reviews in Singapore (2024)
In today’s dynamic world of personal finance, selecting the perfect credit card has become an essential skill. With a myriad of options available, each promising unique benefits and rewards, navigating... The post The Ultimate List of Credit Card Reviews in Singapore (2024) appeared first on MoneySmart Blog.
The Telegraph
Addiction to debt has left the global economy one shock away from disaster
How much debt is too much? After three economic shocks in a row – the financial crisis, the pandemic and the energy price spike – the world economy is drowning in the stuff, with little sign of any life raft to the rescue.
Zacks
Marathon Digital (MARA) to Post Q1 Earnings: What's in Store?
Marathon Digital's (MARA) first-quarter 2024 earnings and revenues are expected to increase year over year.
INSIDER
The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
Not just China, but other central banks including Turkey and India are loading up on gold, amid a stronger US dollar.

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PCE inflation data, ExxonMobil earnings: What to Watch

Latest stories

Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore

Unveiling 3 Top Dividend Stocks In Singapore With Yields Up To 8.5%

Warren Buffett Invested $74 Billion in This Stock — Should You Invest Too?

Palantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.

George Soros' Ex-Employee Just Sold A Large Nvidia Stake: DruckenMiller Says It Was A 'Hell Of A Run'

UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings

FTX says it has billions more than owed to victims

UOB reports 1Q2024 net profit of $1.49 billion, up q-o-q but down y-o-y and 6.4% above estimate

Singapore's DBS appoints Ping An Technology CEO as chief information officer

The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs

Stocks and bonds wobble as global economy throws off mixed signals

Defrauded FTC Customers Are Getting All of Their Money Back—Plus Interest

‘Please, For the Love of God, Take Down Your Gold Exposure.’ What to Buy Instead.

Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom

Global debt surges to new record high in blow for world economy

The meme stock surge doesn't appear to be the ominous signal it has been

The Ultimate List of Credit Card Reviews in Singapore (2024)

Addiction to debt has left the global economy one shock away from disaster

Marathon Digital (MARA) to Post Q1 Earnings: What's in Store?

The US dollar is so strong that China's central bank, among others, just keeps loading up on gold