Interim report Q1, 2024: Strong growth in APAC and solid margins

Bloomberg
Apple’s $110 Billion Stock Buyback Plan is Largest in US History
(Bloomberg) -- In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever, saying its board approved an additional $110 billion in share repurchases. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defe
BBC
Apple sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.
Insider Monkey
20 Best Korean Skincare Products of 2024
In this article, we will discuss the 20 Best Korean Skincare Products of 2024. You can skip our detailed analysis of the global K-beauty products market, the Korean skincare industry’s approach to sustainability, and recent developments in the beauty industry by going directly to the 5 Best Korean Skincare Products of 2024. The Global K-beauty […]
Bloomberg
Fading War Risks Push Oil to Biggest Weekly Drop Since February
(Bloomberg) -- Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP Picks Before Wealthy Donors in Palm BeachEven the World’s Most-Envied Retiremen
Simply Wall St.
With 38% ownership, Austin Engineering Limited (ASX:ANG) has piqued the interest of institutional investors
Key Insights Given the large stake in the stock by institutions, Austin Engineering's stock price might be vulnerable...
Insider Monkey
Regis Corporation (NYSE:RGS) Q3 2024 Earnings Call Transcript
Regis Corporation (NYSE:RGS) Q3 2024 Earnings Call Transcript May 1, 2024 Regis Corporation beats earnings expectations. Reported EPS is $-0.99573, expectations were $-1.28. RGS isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Biz McShane: Good morning, and thank you for joining […]
Reuters
Lloyd's insurers expect moderate Baltimore bridge claims
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Hiscox does not have direct exposure to the business interruption policy of the port, which is the busiest in the United States for auto shipments, or the property policy covering the bridge, the insurer said in its first-quarter trading statement. Hiscox said it was one of the reinsurers on the International Group of P&I Clubs' ship reinsurance policy, but said it expected its net loss to be "moderate", without giving further explanation.
Yahoo Finance Video
Buy Northrop Grumman instead of Boeing: Portfolio manager
When investing, it can be hard to choose which stocks to avoid and which to consider, especially when you are trying to gain exposure to a specific sector. In the latest edition of Good Buy or Goodbye, F/m Investments Senior Portfolio Manager Don Nesbitt shares his stock that could fly and which could face turbulence in the aerospace industry.  Nesbitt likes Northrop Grumman (NOC) for its "consistent earnings and sales growth." He also says the company has a strong order backlog and uses free cash flow to return cash to shareholders. He also thinks it has an attractive valuation. Nesbitt cautions, however, that the company risks facing an over-reliance on US government contracts.  Nesbitt is less of a fan of Boeing (BA). His first concern, which is a short-term one, is the uncertainty surrounding who will be leading the company after CEO Dave Calhoun steps down at the end of the year. Nesbitt also points to the debt downgrade from Moody's and the lack of a dividend. What could reverse his thesis? Investors shrugging off some of the more near-term concerns or that the leadership shake-up serves as a positive catalyst. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Yahoo Finance AU
NAB boss reveals if bank will pass on a future RBA interest rate cut in full
Andrew Irvine said NAB 'wouldn't hold anything back' if the Reserve Bank of Australia delivered a rate cut.
GOBankingRates
Nvidia vs. AMD Stock: Which Is a Better Investment?
The surge of artificial intelligence has buoyed markets with some stocks taking a very strong lead. Indeed, the global AI market size was estimated at a shocking $196.63 billion in 2023 and is...
Reuters
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
Reuters
Turkey inflation up near 70%, highest since 2022
Commenting on the figures, Finance Minister Mehmet Simsek said April's month-on-month inflation, which was 3.18%, was in line with expectations. According to the Turkish Statistical Institute, the biggest annual consumer price rise was in education, for which prices rose 103.86%, followed by restaurants and hotels at 95.82%. The central bank has hiked rates by 3,650 basis points since June including a 500 basis-point rise in March due to deterioration in the inflation outlook.
Reuters
ConocoPhillips misses quarterly profit estimates on lower gas prices
(Reuters) -U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U.S. natural gas prices to a three-and-a-half-year low in February, also affecting earnings of U.S. oil majors Exxon Mobil and Chevron. ConocoPhillips CEO Ryan Lance said energy prices have been volatile, but should not prevent the company from increasing cash distribution to shareholders.
Reuters
EMERGING MARKETS-Asian currencies, stocks rally as US Fed hints dovish bias
* S. Korean won up 0.9% * Taiwan stocks up 0.7% * Thai April headline CPI +0.19% yr/yr By Echha Jain May 3 (Reuters) - Asian emerging market currencies and equities rallied on Friday after the U.S. Federal Reserve indicated it was keeping a dovish tilt, ahead of U.S. nonfarm payrolls data due later in the day. The South Korean won was the biggest gainer in the region, appreciating 0.9% against the greenback. Among equities, Taiwan stocks rose 0.7% to be the top gainer in the region, while Malaysia stocks added 0.3%.
Reuters
UPDATE 2-Universal Music beats earnings forecasts after blockbuster Swift tour
Universal Music Group on Thursday reported first-quarter earnings that comfortably beat expectations, helped by the record-breaking success of its star act Taylor Swift. UMG executive were also upbeat about the label's new deal with TikTok, also announced on Thursday, which settled a dispute over artist pay and helped address wider artificial intelligence concerns in the industry. UMG, the world's biggest music label, posted adjusted core earnings (EBITDA) of 591 million euros ($632.6 million), up 15.9% year-on-year and above the 567 million euros expected by analysts in a Visible Alpha consensus shared by the company.
Simply Wall St.
Retail investors account for 45% of Cromwell European Real Estate Investment Trust's (SGX:CWBU) ownership, while institutions account for 42%
Key Insights Significant control over Cromwell European Real Estate Investment Trust by retail investors implies that...
Yahoo Finance
Coinbase first quarter profits surged above $1 billion on ETF frenzy
Coinbase posted its second consecutive quarterly profit as crypto trading surged during the first three months of 2024.
Bloomberg
Apple’s Surprise iPhone China Growth Leaves Lingering Questions
(Bloomberg) -- Apple Inc. surprised investors with a decent beat on quarterly revenue from China, countering months of data that showed a quickening decline in iPhone sales.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP Picks Before Wealthy Donors in Palm BeachEven the World’s Most-Envied Retirement Plan Is Falling Shor
Reuters
Universal Music beats earnings forecasts after blockbuster Swift tour
UMG executive were also upbeat about the label's new deal with TikTok, also announced on Thursday, which settled a dispute over artist pay and helped address wider artificial intelligence concerns in the industry. UMG, the world's biggest music label, posted adjusted core earnings (EBITDA) of 591 million euros ($632.6 million), up 15.9% year-on-year and above the 567 million euros expected by analysts in a Visible Alpha consensus shared by the company. The commercial success of Swift has boosted the group's earnings through royalties from streaming, album sales and concert tickets.
Yahoo Finance AU
Expert's tips to rebuilding superannuation nest egg after financial struggle
An expert reveals her top tips for boosting your superannuation savings, which could make a huge difference in your retirement if you've had to withdraw early.

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Interim report Q1, 2024: Strong growth in APAC and solid margins

Latest stories

Apple’s $110 Billion Stock Buyback Plan is Largest in US History

Apple sales fall in nearly all countries

20 Best Korean Skincare Products of 2024

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With 38% ownership, Austin Engineering Limited (ASX:ANG) has piqued the interest of institutional investors

Regis Corporation (NYSE:RGS) Q3 2024 Earnings Call Transcript

Lloyd's insurers expect moderate Baltimore bridge claims

Buy Northrop Grumman instead of Boeing: Portfolio manager

NAB boss reveals if bank will pass on a future RBA interest rate cut in full

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Global hedge funds chase Hong Kong stocks rally, UBS says

Turkey inflation up near 70%, highest since 2022

ConocoPhillips misses quarterly profit estimates on lower gas prices

EMERGING MARKETS-Asian currencies, stocks rally as US Fed hints dovish bias

UPDATE 2-Universal Music beats earnings forecasts after blockbuster Swift tour

Retail investors account for 45% of Cromwell European Real Estate Investment Trust's (SGX:CWBU) ownership, while institutions account for 42%

Coinbase first quarter profits surged above $1 billion on ETF frenzy

Apple’s Surprise iPhone China Growth Leaves Lingering Questions

Universal Music beats earnings forecasts after blockbuster Swift tour

Expert's tips to rebuilding superannuation nest egg after financial struggle