Company News For May 9, 2024

Benzinga
Billionaire Bill Gates Has A McDonald's 'Gold Card' That Gives Him Free Food For Life Worldwide
Few perks in fast food are as elusive and sought-after as the McDonald's Gold Card, which grants its holder free meals. However, the benefits of these cards can vary. While some are limited to local venues, others, like the one Bill Gates has, allow him to eat for free at any McDonald's globally. Warren Buffett, another notable recipient of this privilege, discussed his own McDonald's Gold Card during a 2007 CNBC interview, revealing the more localized nature of his card. During an interview wit
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.
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.
INSIDER
China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were unwilling to use the Chinese yuan.
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
Google to invest $2 billion in Malaysian data center and cloud hub
Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country. The news follows Microsoft's recent announcement that it would put $2.2 billion over the next four years into building Malaysia’s new cloud and artificial intelligence infrastructure. Prime Minister Anwar Ibrahim hailed Google’s investment as a sign of faith in Malaysia’s governance and economy.
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.
Barrons.com
Salesforce Stock Tumbles as Sales and Bookings Disappoint
The company’s latest quarterly sales were below Wall Street estimates, as was its forecast for the current quarter.
Yahoo Finance
Why Nvidia's stock surge doesn’t bode well for the market
Normally, when Nvidia stock goes up, so does the market. That wasn't the case this past earnings season.
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...
Zacks
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exxon Mobil (XOM) have what it takes? Let's find out.
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.
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.
Calculating The Fair Value Of InnoTec TSS AG (FRA:TSS)
Key Insights InnoTec TSS' estimated fair value is €6.71 based on Dividend Discount Model With €6.95 share price...
Barrons.com
HP Says AI’s Big Impact Will Come Next Year. Its Stock Is Jumping.
Businesses are starting to upgrade their personal computers, and that helped HP deliver the April quarter earnings it promised. “Enterprises are starting a new cycle,” CEO Enrique Lores told Barron’s Wednesday. HP has introduced many products designed for artificial intelligence this year, including AI workstations for data scientists.
Benzinga
Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea
Alibaba Group Holding Limited (NYSE:BABA), through its online platform AliExpress, has significantly increased its presence in South Korea, doubling its users to 8.58 million by April, according to Wiseapp. Alibaba earmarked $1.1 billion for South Korea to build a new logistics center. This expansion comes amid fierce competition from domestic e-retailer Coupang, Inc (NYSE:CPNG), which is aggressively investing in advanced technologies and logistics to maintain its market share, taking a cue fro
Fortune
Victory for Disney’s Bob Iger after nemesis Nelson Peltz reportedly sells his entire stake in the entertainment giant
Peltz's proxy battle posed the greatest threat to a Disney CEO since Michael Eisner’s feud with family heir Roy Disney twenty years ago.
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
Salesforce plummets as weak forecast sparks concerns of AI competition
(Reuters) -Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm. The company could lose more than $48 billion in market value if losses hold, as it also reported quarterly revenue that was below expectations for the first time since 2006. "Weak bookings in Q1 further test investor patience as the GenAI (generative AI) innovation cycle has yet to inflect top-line results and now increasingly becomes a point of competitive concern," Morgan Stanley analysts said.

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Company News For May 9, 2024

Latest stories

Billionaire Bill Gates Has A McDonald's 'Gold Card' That Gives Him Free Food For Life Worldwide

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

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

China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.

The Richest Country in the World by GDP

Google to invest $2 billion in Malaysian data center and cloud hub

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

Salesforce Stock Tumbles as Sales and Bookings Disappoint

Why Nvidia's stock surge doesn’t bode well for the market

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

Are You Looking for a High-Growth Dividend Stock?

SGX Dividend Stocks To Watch In May 2024

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

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

Calculating The Fair Value Of InnoTec TSS AG (FRA:TSS)

HP Says AI’s Big Impact Will Come Next Year. Its Stock Is Jumping.

Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea

Victory for Disney’s Bob Iger after nemesis Nelson Peltz reportedly sells his entire stake in the entertainment giant

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

Salesforce plummets as weak forecast sparks concerns of AI competition