Company News for Apr 26, 2024

The Smart Investor
3 Singapore Blue-Chip Stocks with Dividend Yields of 6% or Higher
We feature three attractive blue-chip stocks sporting dividend yields of 6% or more. The post 3 Singapore Blue-Chip Stocks with Dividend Yields of 6% or Higher appeared first on The Smart Investor.
AFP News
Maldives gets IMF debt warning as more Chinese loans loom
The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.The Maldives is a small nation of 1,192 tiny coral islets scattered 800 kilometres (500 miles) across the equator, but it strategically straddles key east-west international shipping routes.
Simply Wall St.
Wilmar International Limited (SGX:F34) stock most popular amongst private companies who own 42%, while public companies hold 22%
Key Insights The considerable ownership by private companies in Wilmar International indicates that they collectively...
Simply Wall St.
Boustead Singapore Limited (SGX:F9D) insiders seem bullish, own 46% and have been buying more recently
Key Insights Insiders appear to have a vested interest in Boustead Singapore's growth, as seen by their sizeable...
Zacks
Why "Sell in May?" Instead, Buy These 5 Growth Stocks Now
As the stock market continues to scale upward, it's prudent to invest in growth stocks such as Agnico Eagle Mines (AEM), Abercrombie & Fitch (ANF), Amazon (AMZN), Alphabet (GOOGL) and Hess (HES).
The Edge Singapore
Genting Singapore shares higher following 1QFY2024 earnings that nearly doubled
Genting Singapore shares traded as high as 93 cents, or up 5.08% over last Friday's close
Barrons.com
Nvidia Stock Slips. It Has ‘Control Over the Entire Ecosystem’ of Artificial Intelligence.
Nvidia stock is still tops for aJefferies analyst with a little more than a week to go before the chip titan reports earnings. “We believe it’s too early to sift out winners and losers in the AI basket yet, but Nvidia is our favorite,” wrote Jefferies analyst Blayne Curtis in a Sunday research note. “Nvidia maintains control over the entire ecosystem and is taking more pieces of the pie,” he said.
Yahoo Finance
How rich homebuyers are avoiding high mortgage rates
Homebuyers with means are turning to an old strategy to get around a new crop of high mortgage rates: all-cash deals.
Fortune
The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns
Stifel's Bannister expects the S&P 500 to drop 10% by the end of the third quarter because the 'pseudo recession' that helped tame inflation is now over.
Zacks
What You Need to Know Ahead of Alibaba's (BABA) Q4 Earnings
Alibaba's (BABA) fiscal fourth-quarter results are likely to reflect strength in the International commerce, logistics, local services and cloud businesses despite macroeconomic concerns in China.
Benzinga
China's Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up
Gaining control over the global supply of chips is becoming a central priority for Western governments trying to compete with China in the race to dominate the industry. Pandemic-related disruptions showed how a lack of semiconductors can negatively impact a vast number of industries. Now more than ever, securing a steady flow of chips is being placed atop geopolitical strategies worldwide. This is part of the reasoning behind a long list of sizable investments that governments are pouring on th
Bloomberg
Chinese silver trading powerhouse eyes expansion in Singapore
The company hopes to grow its trading team in Singapore from the current four to 15 to 20, said its general manager Eric Hu.
Reuters
S&P 500 barely changes as investors hold tight ahead of inflation data
(Reuters) -The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March’s 3% while they expect inflation three years from now at 2.8%. This followed a University of Michigan report on Friday that showed U.S. consumer sentiment sagged to a six-month low in May as households worried about the cost of living.
Reuters
HEDGE FLOW-Hedge funds sell stocks at the fastest pace in five months, says Goldman
Hedge funds sold single stocks at the fastest pace in five months in the week to May 10, Goldman Sachs said in a client letter, ahead of U.S. inflation figures that could determine global central banks' next moves. Sellers also outweighed buyers of global equities for the first time in four weeks, the Goldman Sachs prime brokerage note which tracks hedge fund activity showed. A reading of U.S. inflation this week could be the deciding factor for near-term market direction.
CNN Business
GameStop, AMC shares skyrocket after meme stock trader posts for first time in 3 years
The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader, nicknamed Roaring Kitty, shared on X.
Associated Press Finance
Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021
The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social platform X of a man sitting forward in his chair, a meme used by gamers when things are getting serious. GameStop in 2021 was a video game retailer that was struggling to survive as consumers switched rapidly from discs to digital downloads.
Reuters
Japan's SoftBank swings to quarterly profit, eyes on Arm unit
Japan's SoftBank Group swung to a net profit in the final quarter of its financial year, it said on Monday, even as an investment loss at its Vision Fund arm underscored the challenges the technology investor faces, including realising its big AI ambitions. SoftBank booked a profit of 328.9 billion yen ($2.11 billion) in January-March, compared to a loss of 32 billion yen a year earlier. Investors are increasingly focused on the outlook for SoftBank subsidiary Arm Holdings, the British chip designer, which SoftBank's management hope will fuel the push into artificial intelligence across its portfolio of companies.
Simply Wall St.
MRC Global First Quarter 2024 Earnings: Beats Expectations
MRC Global ( NYSE:MRC ) First Quarter 2024 Results Key Financial Results Revenue: US$806.0m (down 8.9% from 1Q 2023...
The Edge Singapore
ST Engineering’s revenue for 1QFY2024 increases by 18% y-o-y to $2.7 bil
An interim dividend of 4 cents per share was declared for the quarter.
Insider Monkey
30 Richest People in Asia in 2024
In this article, we discuss the 30 richest people in Asia in 2024. To skip the detailed analysis, go directly to the 5 Richest People in Asia in 2024. Asia’s Economic Outlook and Billionaire Economy Asia’s compelling economic growth and wealth landscape has consistently seized global attention. Asia’s richest person is Mukesh Ambani and he […]

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Company News for Apr 26, 2024

Latest stories

3 Singapore Blue-Chip Stocks with Dividend Yields of 6% or Higher

Maldives gets IMF debt warning as more Chinese loans loom

Wilmar International Limited (SGX:F34) stock most popular amongst private companies who own 42%, while public companies hold 22%

Boustead Singapore Limited (SGX:F9D) insiders seem bullish, own 46% and have been buying more recently

Why "Sell in May?" Instead, Buy These 5 Growth Stocks Now

Genting Singapore shares higher following 1QFY2024 earnings that nearly doubled

Nvidia Stock Slips. It Has ‘Control Over the Entire Ecosystem’ of Artificial Intelligence.

How rich homebuyers are avoiding high mortgage rates

The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns

What You Need to Know Ahead of Alibaba's (BABA) Q4 Earnings

China's Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up

Chinese silver trading powerhouse eyes expansion in Singapore

S&P 500 barely changes as investors hold tight ahead of inflation data

HEDGE FLOW-Hedge funds sell stocks at the fastest pace in five months, says Goldman

GameStop, AMC shares skyrocket after meme stock trader posts for first time in 3 years

Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021

Japan's SoftBank swings to quarterly profit, eyes on Arm unit

MRC Global First Quarter 2024 Earnings: Beats Expectations

ST Engineering’s revenue for 1QFY2024 increases by 18% y-o-y to $2.7 bil

30 Richest People in Asia in 2024