Tesla's robotaxi plans pressure rideshare stocks Uber, Lyft

Reuters
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Singapore as part of a broader strategic review globally to become a lower-carbon operator.
The Smart Investor
4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever
We highlight four solid blue-chip names that you can buy and safely own for the rest of your life. The post 4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever appeared first on The Smart Investor.
Simply Wall St.
Unveiling 3 Top Dividend Stocks In Singapore With Yields Up To 8.5%
As the Singapore market continues to navigate through global economic challenges, including inflation and interest rate adjustments, investors are increasingly looking for stable returns. Dividend stocks, known for their potential to provide regular income, become particularly appealing in such uncertain times.
The Smart Investor
3 Singapore Companies That Conducted Acquisitions to Grow Their Business
We profile three Singapore businesses that announced acquisitions to grow their top and bottom lines. The post 3 Singapore Companies That Conducted Acquisitions to Grow Their Business appeared first on The Smart Investor.
GOBankingRates
Warren Buffett Invested $74 Billion in This Stock — Should You Invest Too?
Known as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...
Barrons.com
Palantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.
Palantir, a data analytics software company, continued to gain traction with its artificial-intelligence tools in the quarter ended in March. Palantir shares, which rallied 8.1% in Monday’s regular session, fell more than 15% on Tuesday. Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers.
Benzinga
George Soros' Ex-Employee Just Sold A Large Nvidia Stake: DruckenMiller Says It Was A 'Hell Of A Run'
Billionaire investor Stanley Druckenmiller, who runs the Duquesne Family Office, has tapped the brakes on his Nvidia Corp (NASDAQ:NVDA) investment as he believes the artificial intelligence revolution has gone too far too fast. What To Know: Druckenmiller has been betting on AI for more than a year with positions in Nvidia, Microsoft Corp (NASDAQ:MSFT) and other tech leaders. Recent quarterly filings show that he even bought call options in Nvidia stock to help boost his investment exposure. Tue
The Smart Investor
UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings
UOB is the second Singapore bank to report its earnings. The post UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings appeared first on The Smart Investor.
The Edge Singapore
UOB reports 1Q2024 net profit of $1.49 billion, up q-o-q but down y-o-y and 6.4% above estimate
UOB announces net profit of $1.49 billion including Citi integration costs, higher q-o-q, lower y-o-y, and 6% above estimates.
BBC
FTX says it has billions more than owed to victims
The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.
Reuters
China's COMAC to expand Shanghai C919 plane factory as orders grow
China's COMAC is expanding production facilities for its homegrown C919 jets in Shanghai, according to one of the project contractors, as the state-owned planemaker ramps up manufacturing to fulfill hundreds of new orders. China Aviation Planning and Design Institute (Group) Co. Ltd. (AVIC-CAPDI), a state-owned provider of aviation planning and construction services, said on its WeChat account at the end of April that the company had "recently won the bid for the second phase of the C919 large passenger aircraft batch production capacity construction project". AVIC-APC said the project was in Pudong, Shanghai, and had a total construction area of 330,000 square meters.
Reuters SG
Singapore's DBS appoints Ping An Technology CEO as chief information officer
Singapore's biggest bank DBS Group said on Wednesday that it has appointed Ping An Technology's chairman and CEO Eugene Huang as its chief information officer (CIO) effective Friday. Huang, who is joining from Ping An Group, has over 36 years of technology and banking experience and will report to DBS Group CEO Piyush Gupta in his new role, DBS said in a statement on Wednesday. "His immediate focus will be to build on the work the bank has done since last year to strengthen our technology resiliency," Gupta said in the statement.
AFP News
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Reuters
Stocks and bonds wobble as global economy throws off mixed signals
LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along. European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates. Many analysts said this would be the year U.S. growth buckled, after the same predictions proved woefully wrong in 2023.
Yahoo Finance
The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
Barrons.com
‘Please, For the Love of God, Take Down Your Gold Exposure.’ What to Buy Instead.
Bear Traps Report’s Larry McDonald recommends investors swap their gold holdings for platinum now. That’s pushed the ratio of gold prices to platinum over 2 to 1. Gold has been hot this year, so hot that one market watcher says it’s time to sell some and buy platinum instead.
GOBankingRates
Warren Buffett: How Investing in the S&P 500 Can Make You Rich
Warren Buffett has a fortune worth over $131 billion. He got there by consistently investing in the right companies throughout his multi-decade career. However, Buffett advises the average person...
Reuters
Toyota to get an earnings lift from hybrids as EV hype cools
Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric vehicles cools. But the forecast record results, to be helped in part by a boost from the weak yen currency, belie the considerable challenges it faces in critical markets. In China it is pressured by a ferocious price war and in the U.S., the fallout from consumers grappling with higher borrowing costs.
Benzinga
Can You Guess What Percentage Of A High-Net-Worth Individual's Portfolio Is Typically Held In Retirement Accounts?
High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds. They often manage significant wealth across diverse portfolios. As per Empower’s financial dashboard, retirement accounts such as 401(k) plans and IRAs comprise 55% of total wealth for many HNWIs. This is a stark contrast to the median household. Pew Research Center reports that these accounts typically represent only 27% of the net worth of households where at lea
Yahoo Finance
The meme stock surge doesn't appear to be the ominous signal it has been
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.

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Tesla's robotaxi plans pressure rideshare stocks Uber, Lyft

Latest stories

Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore

4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever

Unveiling 3 Top Dividend Stocks In Singapore With Yields Up To 8.5%

3 Singapore Companies That Conducted Acquisitions to Grow Their Business

Warren Buffett Invested $74 Billion in This Stock — Should You Invest Too?

Palantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.

George Soros' Ex-Employee Just Sold A Large Nvidia Stake: DruckenMiller Says It Was A 'Hell Of A Run'

UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings

UOB reports 1Q2024 net profit of $1.49 billion, up q-o-q but down y-o-y and 6.4% above estimate

FTX says it has billions more than owed to victims

China's COMAC to expand Shanghai C919 plane factory as orders grow

Singapore's DBS appoints Ping An Technology CEO as chief information officer

Global car giants seek tech allies in China's cutthroat EV market

Stocks and bonds wobble as global economy throws off mixed signals

The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs

‘Please, For the Love of God, Take Down Your Gold Exposure.’ What to Buy Instead.

Warren Buffett: How Investing in the S&P 500 Can Make You Rich

Toyota to get an earnings lift from hybrids as EV hype cools

Can You Guess What Percentage Of A High-Net-Worth Individual's Portfolio Is Typically Held In Retirement Accounts?

The meme stock surge doesn't appear to be the ominous signal it has been