Company News for May 17, 2024

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.
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 […]
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.
South China Morning Post
Alibaba e-commerce unit's latest executive reshuffle sees veterans retire as younger leaders take over
A number of high-ranking executives at Taobao and Tmall Group have retired, paving the way for a younger generation of leaders to take the reins of Alibaba Group Holding's core e-commerce unit, as competition heats up with rivals such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin. Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Their exit comes several months after
Zacks
3 Stocks to Buy for Big Growth
Growth-focused investors have been rewarded considerably over the last year amid the market's remarkable run, enjoying significant gains.
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?
GOBankingRates
How To Start Making Passive Income From Scratch
You may have heard about passive income and are interested in the idea of earning money in your sleep. The biggest barrier to earning passive income is that you often need money to make money. And...
GOBankingRates
3 Stocks That Could Plummet in Value With the Rise of AI
Artificial intelligence, a game-changing technology, has the potential to revolutionize the stock market in the years to come. Due to inevitable advancements in technology, some stocks may experience...
GOBankingRates
I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have
Though your pre-retirement income alone isn't enough to determine whether you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you can...
Yahoo Finance Video
April PCE data is 'pretty meaningful step down' for inflation
Treasury yields (^TYX, ^TNX, ^FVX) are on the decline this morning after inflation data from the PCE (Personal Consumption Expenditures) Index came in line with expectations with April's core PCE rising 0.2% month-over-month and 2.8% year-over-year. As inflation slows but price pressures remain a big risk, what does this print mean for the bond market? JPMorgan US CIO for Fixed Income, Currencies, and Commodities Kay Herr sits down in-studio with Yahoo Finance's Catalysts to look deeper into April's inflation data and what this means for the Federal Reserve's inflation rate target. "If you look underneath in some of the details, if you look on a three-month annualized basis, we've gone from a 4.4% number in March down to 3.46% in April. That's a pretty meaningful step down," Herr explains. "If you look on a month-over-month [basis], in April that was running 0.33%, March we're running 0.249%. And then on an average monthly basis in the first quarter, things were at about 0.36%, for April [it's] 0.25%. So a reasonable step down moving in line with what the Fed thinks." Herr underlines the Fed's dual mandate objective in regulators' decision on cutting interest rates or holding them higher for longer: "We're going to start to see a little bit of softness in in the labor market. And that's going to lead the Fed... to move toward cutting rates, yes."For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Insider Monkey
Missed NVIDIA? Check Out This Semiconductor AI Penny Stock
We recently compiled a list of the 11 Best AI Penny Stocks to Invest in Now and in this article we will give you an AI penny stock that can be worthy of exploring in case you missed buying NVIDIA Corporation (NASDAQ:NVDA) when it was trading under $500 per share at the beginning of the year. […]
Barrons.com
Bitcoin Gains. Why the Largest Crypto Will Continue to Dominate Over Ether.
Bitcoin and other cryptocurrencies were mostly rising on Friday. The largest crypto has lost the limelight to Ether this month but that could be short-lived. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Zacks
Investing in Gold: 3 Top Ranked Mining Stock to Buy Now
The price of gold has outperformed stocks this year and since 2022. The mining stocks Barrick Gold, Agnico Eagle Mines and Harmony Gold are huge beneficiaries of this rally.
Zacks
Shell (SHEL) Beats Stock Market Upswing: What Investors Need to Know
Shell (SHEL) closed the most recent trading day at $72.78, moving +1.86% from the previous trading session.
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.
Reuters
Fed seen more likely to cut rates in Sept after PCE data
The report showed the core personal consumption expenditures price index, which the Fed uses to gauge underlying price pressures, rose 0.2% in April from March, following a 0.3% increase the prior month. "The PCE data confirms price increases aren’t as sticky as feared, keeping hopes of at least one rate cut on the table," said David Russell, global head of market strategy at TradeStation. The inflation data still shows price pressures remain above the Fed's 2% target, with the year-over-year rise in the PCE index measuring 2.7% in April, the same rate as in March.
GOBankingRates
I’m a Frugal Self-Made Millionaire: 6 Things I Never Waste Money On
Achieving financial success and accumulating wealth is often seen as a combination of hard work, strategic saving and smart investments. While each millionaire's journey is unique, there are common...
South China Morning Post
'China's London'? Hong Kong's finance hub status will be cemented by mainland's economic development, summit told
Hong Kong's status as an international financial centre will be reinforced by yuan internationalisation and China's economic transformations, according to top finance officials and industry players. Despite facing "unprecedented changes", Hong Kong's connectivity with mainland China and potential to tap growing opportunities arising from the increased use of the mainland currency globally will consolidate and enhance the city's unique status, deputy financial secretary Michael Wong Wai-lun told
Insider Monkey
Is DraftKings Inc. (NASDAQ:DKNG) the Best Up and Coming Online Betting Stock?
We recently compiled a list of the 12 Best Up and Coming Stocks To Buy According to Hedge Funds and in this article, we discuss whether DraftKings Inc. (NASDAQ:DKNG) is the best up-and-coming online gambling stock to buy now. Despite the concerns surrounding the market over the last few years, the broader market has performed […]
Barrons.com
Hong Kong Shares End Lower as China Data Sour Mood
Hong Kong shares gave up morning gains to end lower after China PMI data missed expectations and caught investors off guard. Semiconductor and consumer-related tech stocks led the losses. Alibaba shed 1.

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Company News for May 17, 2024

Latest stories

4 Singapore REITs to Look Out for in June

The Richest Country in the World by GDP

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

Alibaba e-commerce unit's latest executive reshuffle sees veterans retire as younger leaders take over

3 Stocks to Buy for Big Growth

The Cheapest AI Stocks to Buy Now

How To Start Making Passive Income From Scratch

3 Stocks That Could Plummet in Value With the Rise of AI

I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have

April PCE data is 'pretty meaningful step down' for inflation

Missed NVIDIA? Check Out This Semiconductor AI Penny Stock

Bitcoin Gains. Why the Largest Crypto Will Continue to Dominate Over Ether.

Investing in Gold: 3 Top Ranked Mining Stock to Buy Now

Shell (SHEL) Beats Stock Market Upswing: What Investors Need to Know

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

Fed seen more likely to cut rates in Sept after PCE data

I’m a Frugal Self-Made Millionaire: 6 Things I Never Waste Money On

'China's London'? Hong Kong's finance hub status will be cemented by mainland's economic development, summit told

Is DraftKings Inc. (NASDAQ:DKNG) the Best Up and Coming Online Betting Stock?

Hong Kong Shares End Lower as China Data Sour Mood