Company News for Apr 18, 2024

Barrons.com
Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
a day ago
The Smart Investor
5 Singapore Stocks Paying Out Dividends in May
Here are five stocks that will be dishing out dividends in May. The post 5 Singapore Stocks Paying Out Dividends in May appeared first on The Smart Investor.
a day ago
The Smart Investor
5 High-Yielding Singapore REITs Backed by Strong Sponsors
Singapore has plenty of high-yielding REITs. Having a strong sponsor will make a difference. The post 5 High-Yielding Singapore REITs Backed by Strong Sponsors appeared first on The Smart Investor.
22 hours ago
Barrons.com
Seagate Earnings Could Grow 10 Times in Just 2 Years, Analyst Says. Here’s Why.
Seagate stock got a ringing endorsement Wednesday that included a robust earnings forecast. Wedbush analyst Matt Bryson lifted his rating on the disk-drive provider to Outperform from Neutral and set a price target of $100. Seagate Technology Holdings stock was 0.5% higher on Wednesday at $86.22.
a day ago
Reuters
DBS quarterly results trounce forecasts, another record year expected
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year's record result. Underpinned by robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), beating market expectations for a 3.5% decline. Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year's net interest income to be around 2023 levels.
a day ago
Fortune
The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it
Goldman Sachs, International Monetary Fund, and the Congressional Budget Office are the latest to warn it’s a looming problem.
a day ago
Zacks
Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
4 hours ago
CoinDesk
Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the report said.
a day ago
GOBankingRates
Suze Orman Says This Is the Only Way To Be Investing in the Stock Market
Given her no nonsense approach to building wealth, it's not surprising that financial guru, Emmy-winning TV host and popular podcaster Suze Orman recommends certain risk-averse investments to her...
a day ago
CNN Business
Apple plans record $110 billion share buyback amid challenging earnings report
Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain economic environment.
4 hours ago
Yahoo Finance
Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
a day ago
Zacks
3 Solid Crypto Stocks to Bet on After April Halving Event
Stocks like Coinbase Global, Inc. (COIN), Robinhood Markets, Inc. (HOOD) and NVIDIA Corporation (NVDA) are likely to benefit in the near term as the Bitcoin rally is poised to resume.
2 days ago
Reuters
Starbucks shares hit two-year low as China, US demand clouds outlook
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China. Price hikes taken last year have forced customers to ditch cafes and restaurants and instead drink coffee at home, hurting business for chains such as Starbucks. "The inability to stop the traffic leakage from the early signs of pull-back in November to date and the worsening macro and competitive dynamics in China may suggest prolonged challenges and no evidence of light at the end of the tunnel," Danilo Gargiulo, senior analyst at Bernstein, wrote in a note.
2 days ago
Barrons.com
Bitcoin Nurses Its Wounds After Its Worst Stretch This Year. What Comes Next.
Bitcoin fell more than 10% in the first three days of this week, the worst three-day stretch since August 2023.
11 hours ago
Benzinga
Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts
This story was first published on the Benzinga India portal. As part of a significant cost-cutting strategy, Alphabet Inc's Google (NASDAQ: GOOGL) recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed nearly 50 engineering roles stationed at its California headquarters. According to internal documents obtained by CNBC, Google intends to recruit new staff in India and Mexico to fill these vacated roles. The cor
13 hours ago
Reuters
Crypto washout sends bitcoin below $58,000 ahead of Fed decision
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
2 days ago
Reuters
Shell smashes forecasts with $7.7 billion quarterly profit
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. Shell's cashflow rose by 6% from the previous quarter to $13.3 billion, reflecting strong operational performance, particularly in the LNG division, which together with trading helped offset a decline in natural gas prices that weighed on earnings of rivals including Exxon Mobil and Chevron last week. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with less emissions," CEO Wael Sawan said.
20 hours ago
Reuters
US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate
Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a crucial job report later in the week. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again. "The outcome of the (Fed) statement, plus the press conference was for slightly more rate cuts to be priced in, not necessarily sooner, but by the end of the year," said Brian Nick, senior investment strategist at the Macro Institute.
11 hours ago
Reuters
Berkshire director says board may not give Buffett successor Abel the same leeway
A longtime Berkshire Hathaway director said Greg Abel, who is expected to succeed Warren Buffett as chief executive, may not get the same leeway from the conglomerate's board of directors to make acquisitions. But he also said Abel's recent handling of difficult litigation against the billionaire Haslam family over the acquisition of truck stop chain Pilot Travel Centers cemented confidence in his leadership. It was the first time Olson, a lawyer, said he worked closely with Abel.
3 hours ago
Zacks
Citigroup Inc. (C) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Citigroup (C). This makes it worthwhile to examine what the stock has in store.
13 hours ago

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Company News for Apr 18, 2024

Latest stories

Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.

5 Singapore Stocks Paying Out Dividends in May

5 High-Yielding Singapore REITs Backed by Strong Sponsors

Seagate Earnings Could Grow 10 Times in Just 2 Years, Analyst Says. Here’s Why.

DBS quarterly results trounce forecasts, another record year expected

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it

Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?

Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

Apple plans record $110 billion share buyback amid challenging earnings report

Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments

3 Solid Crypto Stocks to Bet on After April Halving Event

Starbucks shares hit two-year low as China, US demand clouds outlook

Bitcoin Nurses Its Wounds After Its Worst Stretch This Year. What Comes Next.

Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts

Crypto washout sends bitcoin below $58,000 ahead of Fed decision

Shell smashes forecasts with $7.7 billion quarterly profit

US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate

Berkshire director says board may not give Buffett successor Abel the same leeway

Citigroup Inc. (C) Is a Trending Stock: Facts to Know Before Betting on It