Saia stock sinks on Q1 earnings miss

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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...
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4 Singapore Industrial REITs with Dividend Yields of 6.6% or More
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SIA promotes Scoot CEO to executive vice president
Thng, 50, joined SIA in 1999. He was formerly the CEO of SilkAir and later, Vistara.
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
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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
Grab raises annual profit view after strong first-quarter revenue growth
(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year. In an interview with Reuters, CFO Peter Oey said a surge in Southeast Asian tourism, along with an increase in corporate events and concerts in the last quarter, bolstered the demand for ride-share services.
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.
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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.
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Here’s Why You Should Consider Investing in Intel Today
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Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
The Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while closing out their latest winning week. The Dow rose 134.21 points, or 0.3%, to 40,003.59, a day after briefly topping the 40,000 level for the first time. It and other indexes on Wall Street have been climbing since the autumn of 2022 as the U.S. economy and corporate profits have managed to hold up despite high inflation, the punishing effects of high interest rates and worries about a recession that seemed inevitable but hasn’t arrived.
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.
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Cisco’s Revenue Fall Wasn’t as Bad as Feared. What Drove the Outperformance.
The networking gear provider said that customers were now working through a glut of routers and switches.
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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.
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Mark Cuban’s 5 Best Passive Income Ideas
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Stock market today: Stocks pull back from records after Dow touches 40,000 for first time
Signs inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
AFP News
Stocks waver after hitting record highs
Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation.Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year and sending Wall Street to record heights on Wednesday.
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
India's Mahindra & Mahindra to invest $1.44 billion in EV arm; explores hybrid tech
BENGALURU (Reuters) -Indian automaker Mahindra & Mahindra said on Thursday it would invest $1.44 billion over the next three years in its electric vehicle (EV) unit to boost growth, even though it is now also closely looking at hybrid technology. Mahindra, India's third-biggest EV maker, currently sells just one model, the XUV400, but it is slated to launch a new range of EVs next year. "At this point in time, we feel good about the focus on EVs," Mahindra Managing Director Anish Shah said in a post-earnings press conference.

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Saia stock sinks on Q1 earnings miss

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

SIA promotes Scoot CEO to executive vice president

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

Grab raises annual profit view after strong first-quarter revenue growth

Dollar mostly flat as market mulls inflation outlook

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

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Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week

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

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Reddit stock jumps after OpenAI partnership

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Stock market today: Stocks pull back from records after Dow touches 40,000 for first time

Stocks waver after hitting record highs

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

India's Mahindra & Mahindra to invest $1.44 billion in EV arm; explores hybrid tech