Russian consortium announces terms for $5.2 billion Yandex cash and share deal

The Smart Investor
4 Singapore REITs to Look Out for in June
Here are four Singapore REITs you should keep your eye on in June. The post 4 Singapore REITs to Look Out for in June appeared first on The Smart Investor.
The Smart Investor
SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings
The airline food caterer enjoyed a surge in revenue with the consolidation of WFS. The post SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings appeared first on The Smart Investor.
Insider Monkey
The Richest Country in the World by GDP
We recently compiled a list of the 50 Richest Countries in the World by GDP and in this article we will talk about the country with the largest GDP in the world. Global Economic Outlook of Richest Countries The global economy has been facing strong headwinds since the COVID-19 pandemic including the world’s richest countries […]
Associated Press
Shares in Trump Media slump after former president convicted in hush money trial
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped before the opening bell Friday after former President Donald Trump was convicted in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.
Yahoo Finance
Fed's stance of higher for longer likely not shaken by new inflation reading
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
Zacks
The Cheapest AI Stocks to Buy Now
All stocks have pullbacks and the AI stocks will too. Which should value investors keep on their watch lists?
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Simply Wall St.
An Intrinsic Calculation For Q & M Dental Group (Singapore) Limited (SGX:QC7) Suggests It's 44% Undervalued
Key Insights The projected fair value for Q & M Dental Group (Singapore) is S$0.43 based on 2 Stage Free Cash Flow to...
Yahoo Finance
Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech
Lingering concerns about higher-for-longer interest rates and a Salesforce sell-off put a damper on investors' spirits.
Simply Wall St.
SGX Dividend Stocks To Watch In May 2024
As global markets navigate through various economic challenges, the Singapore market remains a focal point for investors looking for stable returns, particularly through dividend stocks. In light of current market conditions, selecting stocks with robust dividend yields and strong fundamentals is crucial for those looking to enhance their investment portfolios in May 2024.
Yahoo Finance
Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003
Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.
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Are You Looking for a High-Growth Dividend Stock?
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Reuters
Oil settles down ahead of OPEC+ meeting, posts weekly loss
NEW YORK (Reuters) -Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts. Brent futures for July delivery were down 24 cents, or 0.3%, to $81.62 a barrel, while the more liquid August contract was down 77 cents, or 0.8%, at $81.11. U.S. West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.2%, at $76.99.
Associated Press
Stock market today: Wall Street rallies to close out a bloom-filled May
An already verdant May for Wall Street finished with another push higher as stocks rallied Friday after a report showed inflation is at least not worsening. The main measure of the U.S. stock market’s health set an all-time high late in the month after clawing back all its losses from a rough April. The Dow Jones Industrial Average jumped nearly 575 points, or 1.5%, while sagging prices for some big technology stocks held back the Nasdaq composite.
Reuters
Yen weakness persists despite Tokyo's $62 billion intervention
TOKYO (Reuters) -Japanese authorities spent 9.79 trillion yen ($62.23 billion)intervening in the foreign exchange market to support the yen over the past month, in moves that kept the currency from testing new lows but are unlikely to reverse longer-term declines. The Ministry of Finance data released on Friday confirmed the suspicions of traders and analysts that Tokyo entered the market in two rounds of massive dollar-selling intervention shortly after the yen hit a 34-year low of 160.245 per dollar on April 29, and again in the early hours of May 2 in Tokyo. "This was larger than expected, underscoring Japan's resolve to ease the pain of imported inflation," said Daisaku Ueno, chief FX strategist at Mitsubishi UFJ Morgan Stanley Securities.
Reuters
Dell's profit, margin hurt by higher AI costs, shares slump
(Reuters) -Dell forecast current-quarter profit below market estimates on Thursday, and signaled that higher costs to build servers that meet heavy AI workloads would dent annual margin, sending its shares down more than 17% in extended trading. The Round Rock, Texas-based company expects adjusted gross margin rate to decline about 150 basis points in fiscal 2025. It expects adjusted profit per share of $1.65, plus or minus 10 cents, in the current quarter, compared with an analysts' average estimate of $1.84, according to LSEG data.
Reuters
Struggling Dow transport stocks could be economic warning signal
It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot. The Dow Jones Transportation Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark S&P 500 and the 1% rise in the Dow Jones Industrial Average, which topped 40,000 points for the first time this month. While major indexes including the S&P 500, the Nasdaq Composite and the Dow have all set new all-time highs this year, the Dow transports have yet to top their November 2021 record, and are some 12% below that level.
Reuters
China's factory activity unexpectedly dips as property pain persists
BEIJING (Reuters) -China's manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world's second-largest economy continues to weigh on business, consumer and investor confidence. "I think the data particularly reflects soft domestic demand, the housing sector continued to worsen and retail sales were not strong," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
Yahoo Finance Video
Salesforce is still the 'gold standard': Analyst
Salesforce (CRM) shares dipped on Thursday after the company missed revenue estimates and reported a weak outlook. Wedbush Managing Director Dan Ives joins Market Domination to discuss his perspective on the company's future trajectory. Ives notes that the current pressure on Salesforce represents "a bump in the road," characterizing its guidance as conservative to "clear the deck" for the next quarter. He emphasizes that Salesforce remains "a gold-standard tech play" and now is an ideal opportunity for investors to acquire the stock. "This is a situation where they have it all in front of them, and I just view this as a speed bump, not the start of a structural decline," Ives tells Yahoo Finance, expressing confidence in the company's long-term prospects. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Reuters
India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
India's central bank has moved a little more than 100 metric tons of gold from the UK to its domestic vaults, the Times of India newspaper reported on Friday, citing sources. A similar quantity of the precious metal might be coming to the country in the coming months, the report said, adding that the move was for logistical reasons and diversified storage. The Reserve Bank of India held 822.10 tons of gold at March-end, of which 408.31 tons were held domestically.

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Russian consortium announces terms for $5.2 billion Yandex cash and share deal

Latest stories

4 Singapore REITs to Look Out for in June

SATS’ Profit Leaps 10-Fold for 2H FY2024, Resumes Paying Dividends: 5 Highlights from the Ground Handler’s Latest Earnings

The Richest Country in the World by GDP

Shares in Trump Media slump after former president convicted in hush money trial

Fed's stance of higher for longer likely not shaken by new inflation reading

The Cheapest AI Stocks to Buy Now

3 Stocks to Buy for Big Growth

An Intrinsic Calculation For Q & M Dental Group (Singapore) Limited (SGX:QC7) Suggests It's 44% Undervalued

Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech

SGX Dividend Stocks To Watch In May 2024

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003

Are You Looking for a High-Growth Dividend Stock?

Oil settles down ahead of OPEC+ meeting, posts weekly loss

Stock market today: Wall Street rallies to close out a bloom-filled May

Yen weakness persists despite Tokyo's $62 billion intervention

Dell's profit, margin hurt by higher AI costs, shares slump

Struggling Dow transport stocks could be economic warning signal

China's factory activity unexpectedly dips as property pain persists

Salesforce is still the 'gold standard': Analyst

India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports