Warren Buffett-backed Occidental Petroleum reported mixed first-quarter earnings and revenue late Tuesday, as EPS caved more than 40%s. OXY shares edged down early Wednesday. Occidental Petroleum saw Q1 earnings fall 42% to 63 cents per share while revenue declined 17% to $5.
BEIJING (Reuters) -China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry. The hundreds of billions of yuan invested in the sector puts into perspective President Xi Jinping's drive to achieve self-sufficiency for China in semiconductors. The third phase of the China Integrated Circuit Industry Investment Fund was officially established on May 24 and registered under the Beijing Municipal Administration for Market Regulation, according to the National Enterprise Credit Information Publicity System, a government-run credit information agency.
The major bank has launched a new home loan offering a lower interest rate and cashback perks for customers.
Key Insights The projected fair value for Oracle is US$131 based on 2 Stage Free Cash Flow to Equity With US$123 share...
A simple prompt could help earn Aussies hundreds of dollars, as a major bank announces a new alert system.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
The board of VH Global Sustainable Energy Opportunities plc ( LON:GSEO ) has announced that it will pay a dividend of...
Key Insights Significantly high institutional ownership implies Baidu's stock price is sensitive to their trading...
Australia’s biggest bank is hoping to claw customers away from its competitors, announcing a below-average home loan rate.
We recently explored the best small-cap stocks to buy according to analysts. To visit this free list, click here. Though LanzaTech Global, Inc. (NASDAQ:LNZA) ranks 5th in our list of the 8 Best Small-Cap Stocks Ready to Explode According to Analysts, we have analyzed the stock in detail. Small-cap stocks are companies that have a […]
The Fed's preferred inflation gauge will test a stock market near record highs in a holiday-shortened trading week.
Elon Musk's AI startup, xAI, has raised $6 billion in a new funding round, it said today, as Musk shores up capital to aggressively compete with rivals including OpenAI, Microsoft, and Alphabet. Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince Alwaleed Bin Talal and Kingdom Holding are among the backers who have invested in xAI's Series B funding, the startup wrote in a blog post.
Key Insights Air Products and Chemicals' estimated fair value is US$391 based on 2 Stage Free Cash Flow to Equity Air...
Amid a challenging day on the Australian stock market, where indices and sectors across the board faced declines, investors might find solace in exploring growth companies with high insider ownership. Such stocks often suggest that company leaders have significant skin in the game, potentially aligning their interests closely with shareholders especially in turbulent times.
Human investment advisors can cost a small fortune -- and not even deliver on returns. "Last year, I hired a financial advisor to manage most of my money so I could take a hands-off approach and focus...
(Bloomberg) -- The Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about the timing of interest-rate cuts.Most Read from BloombergEgypt Soldier Killed In Clash With Israel Forces at Rafah BorderMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAISevere Turbulence Leaves 12 Injured on Qatar Airways FlightXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpChina Creates $47.5 Billio
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is...
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
As global markets experience varied performance with technology sectors showing resilience, Sweden's market presents unique opportunities, particularly in growth companies with high insider ownership. These firms often benefit from aligned interests between shareholders and management, potentially leading to more stable and committed leadership amidst the broader market's fluctuations.
Booz Allen Hamilton Holding ( NYSE:BAH ) Full Year 2024 Results Key Financial Results Revenue: US$10.7b (up 15% from FY...
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Wedbush analysts said recent Asia supply chain checks indicate stabilization for Apple’s iPhone, which has been grappling with a slowdown in sales for months. In their note, the investment firm raised its price target for Apple's (NASDAQ:AAPL) stock from $250 to $275, noting that the stabilization is a very positive sign as the company approaches a significant iPhone 16 upgrade cycle.
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