Company News for Apr 24, 2024

Barrons.com
The ‘Fed Put’ Is Back, and That’s Great News for the Stock Market
What’s the Fed put? It’s when the Federal Reserve signals that it will reduce rates if the economy or financial markets fall apart. The concept originated in the 1980s and 1990s, when markets became conditioned to expect the Fed to step in during times of financial market stress—causing the stock market to rally.
The Smart Investor
3 Quick Thoughts on OCBC’s Latest 1Q 2024 Earnings Report
OCBC pulled off a strong start to the year with a sparkling set of earnings. The post 3 Quick Thoughts on OCBC’s Latest 1Q 2024 Earnings Report appeared first on The Smart Investor.
Barrons.com
Why Almost Everyone Was Wrong About the Bitcoin ‘Halving’
The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.
Barrons.com
A Departing Tesla Exec Said What Everyone Is Thinking
The outgoing head of product launches said layoffs have rocked the company and hurt morale and that it is “hard to see the long game.”
The Independent
McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food
The meal may include a McChicken or McDouble along with fries and drink
Reuters
China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion
Industrial and Commercial Bank of China said it would issue 30 billion yuan ($4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first issuance of such bonds by a Chinese bank. China's major state-owned lenders face growing pressure to raise capital, especially as demands mount to support the economy, property developers and local government financing vehicles. The world's largest bank by assets said it would issue 20 billion yuan in a tranche of four-year bonds it can redeem at the end of three years, and 10 billion yuan in six-year bonds with conditional redemption at the end of five years.
Barrons.com
He Rebuilt Morgan Stanley. Now He’s Buying Disney Stock.
James Gorman, Morgan Stanley’s former CEO, just bought a big chunk of Disney stock. On Wednesday, the day after Disney’s stock slumped, Gorman paid $2.1 million for 20,000 shares, an average price of $106.03 each. He now owns 20,467 Disney shares, according to a form Gorman filed with the Securities and Exchange Commission.
GOBankingRates
Charlie Munger Said You Must Save $100K To Build Wealth: 10 Tips To Do So
Former Berkshire Hathaway co-chairman Charlie Munger, who passed away in November 2023, once told his shareholders that the secret to building wealth is amassing that first $100,000. Read Next:...
Zacks
Sea Limited (SE) to Report Q1 Earnings: What's in Store?
Sea Limited's (SE) first-quarter 2024 performance will likely benefit from the diversification of overall service offerings despite macroeconomic challenges.
Insider Monkey
SNDL Inc. (NASDAQ:SNDL) Q1 2024 Earnings Call Transcript
SNDL Inc. (NASDAQ:SNDL) Q1 2024 Earnings Call Transcript May 9, 2024 SNDL Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the SNDL’s First Quarter 2024 Financial Results Conference Call. This morning, SNDL issued a […]
Reuters
Wall Street closes up, another weekly gain ahead of inflation data
NEW YORK (Reuters) -U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data next week. The S&P 500 and the Dow were modestly higher and the Nasdaq ended essentially unchanged. All three indexes were up for the week with the blue-chip Dow nabbing its largest Friday-to-Friday percentage advance since mid-December.
The Smart Investor
Top Stock Market Highlights of the Week: Amazon, Microsoft and Elon Musk
We look at the latest capital investments from the cloud giants and Elon Musk’s plan to launch a new service in China. The post Top Stock Market Highlights of the Week: Amazon, Microsoft and Elon Musk appeared first on The Smart Investor.
Reuters
China's central bank pledges to support economic recovery
BEIJING (Reuters) -China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges. The People's Bank of China (PBOC) said it will make its monetary policy flexible, precise and effective and promote a moderate recovery in consumer prices, writing in its quarterly monetary policy implementation report. "We will maintain the stability of monetary policy, enhance the consistency of macroeconomic policy orientation, strengthen counter-cyclical and cross-cyclical adjustments, increase support for the real economy, and effectively consolidate and enhance the positive trend of economic recovery," it said.
GOBankingRates
7 Frugal Strategies for Building Your Retirement Savings
Retiring early isn't easy -- but it is possible, even on a mid-range income. Check Out: I Retired Early -- Here's My Monthly Budget Read Next: 5 Genius Things All Wealthy People Do With Their Money It...
Zacks
Top Stock Reports for Amazon.com, Visa & Pfizer
Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Visa Inc. (V) and Pfizer Inc. (PFE).
Moneywise
Elon Musk says Warren Buffett should buy Tesla stock — Berkshire already even owns a stake in its top competitor
Be greedy when others are fearful?
Simply Wall St.
Should Weakness in Advanced Micro Devices, Inc.'s (NASDAQ:AMD) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
With its stock down 12% over the past three months, it is easy to disregard Advanced Micro Devices (NASDAQ:AMD...
Reuters
China's car exports hit record high in April, as domestic sales fall
BEIJING (Reuters) -China's car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers' caution about spending on big items during a shaky economic recovery. Car exports jumped 38% year-on-year to 417,000 units in April, continuing strong momentum from the previous month which posted a 39% growth in exports, the China Passenger Car Association (CPCA) said. An ongoing anti-subsidy investigation by the EU into Chinese automakers has disrupted and put pressure on vehicle exports to the bloc, but China has been actively exploring South America, Australia and ASEAN markets for exports, said Cui Dongshu, secretary general of the association.
GOBankingRates
How To Learn From Your Financial Failures Like Warren Buffett
At 93, Warren Buffett -- the renowned co-founder, chairman and CEO of Berkshire Hathaway -- has been in the investing game a very long time. From buying his first stock at the age of 11 to earning a...
Zacks
3 Internet Stocks to Buy for Growth After Beating Q1 Earnings Expectations
Considering these stocks all trade under $40, they are starting to look like affordable options to get in on the ongoing growth of internet-related activities after impressively surpassing Q1 EPS estimates.

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Company News for Apr 24, 2024

Latest stories

The ‘Fed Put’ Is Back, and That’s Great News for the Stock Market

3 Quick Thoughts on OCBC’s Latest 1Q 2024 Earnings Report

Why Almost Everyone Was Wrong About the Bitcoin ‘Halving’

A Departing Tesla Exec Said What Everyone Is Thinking

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food

China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion

He Rebuilt Morgan Stanley. Now He’s Buying Disney Stock.

Charlie Munger Said You Must Save $100K To Build Wealth: 10 Tips To Do So

Sea Limited (SE) to Report Q1 Earnings: What's in Store?

SNDL Inc. (NASDAQ:SNDL) Q1 2024 Earnings Call Transcript

Wall Street closes up, another weekly gain ahead of inflation data

Top Stock Market Highlights of the Week: Amazon, Microsoft and Elon Musk

China's central bank pledges to support economic recovery

7 Frugal Strategies for Building Your Retirement Savings

Top Stock Reports for Amazon.com, Visa & Pfizer

Elon Musk says Warren Buffett should buy Tesla stock — Berkshire already even owns a stake in its top competitor

Should Weakness in Advanced Micro Devices, Inc.'s (NASDAQ:AMD) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

China's car exports hit record high in April, as domestic sales fall

How To Learn From Your Financial Failures Like Warren Buffett

3 Internet Stocks to Buy for Growth After Beating Q1 Earnings Expectations