Google antitrust case: Closing arguments underway

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 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
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.
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
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.
CNN Business
Billionaires Jamie Dimon and Ray Dalio sound the alarm on soaring US government debt
The chorus of voices warning about the dangers of record US government debt is growing louder.
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...
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
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.
Yahoo Finance
Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks
Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Fortune
GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares
Meme stock pump appears to be dying out as GameStop and retail traders cash in on their winnings.
CoinDesk
Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
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.
USA TODAY
Roth 401(k) employer matches may trigger a tax bill for you. Here's what you need to know.
SECURE Act 2.0, which passed in December 2022, allowed employers for the first time to match Roth 401(k) contributions directly into a Roth account.
GOBankingRates
Mark Cuban’s 5 Best Passive Income Ideas
Mark Cuban is well-known for his outspoken views and advice on topics that range from politics to investing. The self-made billionaire doesn't hold back when sharing his two cents on how folks can...
Reuters
Japan inflation likely slowed again, may ease cost pressure - Reuters poll
Japan's core consumer inflation probably slowed for a second straight month in April from a year earlier, a Reuters poll of 18 economists showed on Friday, likely easing cost-push pressure. The core consumer prices index (CPI) is expected to decelerate to 2.2% from 2.6% in March, the lowest level in three months, but still at or above the central bank's 2% target for more than two years. The data will be key to further decisions on rate hikes by the Bank of Japan (BOJ), which wants to push interest rates higher albeit gradually, saying it should keep accommodative conditions for the time being due to a fragile economy.
Reuters
Analysis-BOJ may face more pressure to hike rates as weak yen hits consumer spending
Japan's weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen's declines blamed for hurting households via higher import costs. Such pressure will likely prod Bank of Japan Governor Kazuo Ueda to keep dropping hawkish signals on the policy outlook, but with plenty of caveats to hedge against the chance consumption may take longer than expected to rebound, analysts say. The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates, as markets focused on the still-huge divergence between U.S. and Japanese interest rates.

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Google antitrust case: Closing arguments underway

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

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

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

Boeing supplier cuts 450 jobs after losses fuelled by 737 blowout

Dollar mostly flat as market mulls inflation outlook

Billionaires Jamie Dimon and Ray Dalio sound the alarm on soaring US government debt

Here’s Why You Should Consider Investing in Intel Today

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

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

Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks

GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares

Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows

Reddit stock jumps after OpenAI partnership

Roth 401(k) employer matches may trigger a tax bill for you. Here's what you need to know.

Mark Cuban’s 5 Best Passive Income Ideas

Japan inflation likely slowed again, may ease cost pressure - Reuters poll

Analysis-BOJ may face more pressure to hike rates as weak yen hits consumer spending