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CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Reuters
Trump Media says it will delay quarterly filing due to auditor change
Former U.S. President Donald Trump's media company said it was unable to complete the review of its financial statement for the quarter ended March 31 due to the timing of its appointment of Semple, Marchal & Cooper as the new auditor. The company dismissed previous auditor BF Borgers, after the SEC charged the accounting firm with "massive fraud" earlier this month. Borgers, the auditor of the Truth Social parent since 2022, agreed to a $12 million civil penalty and to discontinue practicing as accountants on SEC filings, the agency had said.
Bloomberg
China Sells Record Sum of US Debt Amid Signs of Diversification
(Bloomberg) -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying
Bloomberg
Norway Wealth Fund Blacklists Adani Ports Citing Ties to War
(Bloomberg) -- Norway’s $1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd. from its portfolio, citing “unacceptable” risks that the company is tied to human rights violations in war and conflict zones.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptJamie Dimon Sees ‘Lot of Inflationary Forces
Bloomberg
GIP, ADIA Join Khazanah’s Takeover Bid for Malaysia Airports
(Bloomberg) -- Malaysia Airports Holdings Bhd. is set to be privatized as its two biggest shareholders team up with buyout firm Global Infrastructure Partners and the Abu Dhabi Investment Authority to make a takeover offer for the airport operator.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months
Bloomberg
GameStop Extends Rout on Falling Sales, Plan to Sell Shares
(Bloomberg) -- GameStop Corp. shares tumbled for a third day after the company said it may sell up to 45 million shares, further demolishing the meme-fueled rally that had sent the stock soaring at the start of the week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump Over Biden on Economy. This Data Shows WhyPutin
Reuters
Siemens misses profit forecast as customers stick to trend of destocking
ZURICH (Reuters) -Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. Although Siemens expects an improvement in coming months, it was likely to come more slowly than previously thought, Chief Executive Roland Busch said. "A key reason is the muted development in China," he told reporters.
Bloomberg
ECB Open to BBVA-Sabadell Tie-Up, Easing Path to Potential Deal
(Bloomberg) -- The European Central Bank is supportive of a tie-up between Banco Bilbao Vizcaya Argentaria SA and Banco de Sabadell SA, potentially making necessary approvals easier if the deal comes to fruition.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump Over Biden on Economy. This Data Shows WhyA 25-Year-Old B
Reuters
'The Dow is America's index': The journey to hitting a record 40,000 points
The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the first time in its history.
CNN Business
Why we care so much about the Dow, the stock market’s dumbest index
The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it.
Insider Monkey
Is NVIDIA Corp (NVDA) The Best Jim Cramer Stock to Buy Now?
Jim Cramer has been a big believer in NVIDIA Corp (NASDAQ:NVDA), recommending the stock almost every week since late 2023. However, amid the recent lackluster performance of NVIDIA Corp (NASDAQ:NVDA), Cramer sounded a bit disappointed, saying the stock now seems to “rally far less than it goes down.” However, Cramer reiterated that he believes NVIDIA […]
Yahoo Finance Video
China unveils plans to revitalize its property market
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China's Hang Seng Properties Index (^HSNP) climbing higher, as the rescue package comprises an urgent measure to prop up the country's suffering property market. Housing accounts for about a quarter of China's economy, and prices fell to their steepest levels in over a decade. Yahoo Finance's Seana Smith and Madison Mills break down China's plans and how they could affect global markets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Simply Wall St.
Insider-Owned Growth Leaders On The German Exchange May 2024
Amidst a backdrop of rising optimism in European markets, with Germany's DAX index notably climbing by 4.28%, investors are closely watching trends that could influence their portfolios. In such a market environment, growth companies with high insider ownership in Germany may offer a compelling narrative due to the alignment of interests between company insiders and shareholders.
Reuters
GLOBAL MARKETS-Asia rides Wall St rally, dollar sags on inflation relief
Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year. U.S. Treasury yields extended their retreat in Tokyo trading, sinking to six-week troughs. U.S. data on Wednesday showed the consumer price index (CPI) rose by 0.3% in April, below an expected 0.4% gain, raising hopes the Fed can cut rates by 50 basis points this year, with the first quarter-point reduction fully priced for September.
Bloomberg
Top HSBC Shareholder Ping An Exploring Ways to Cut $13 Billion Stake
(Bloomberg) -- Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front
Reuters
FOREX-Dollar rebounds after falling on weaker US inflation, yen ticks up
The dollar found a footing on Thursday after falling sharply on Wednesday on the back of data showing a slowdown in U.S. inflation, while Japan's yen inched higher after jumping the previous day. Year-on-year core inflation - which strips out volatile food and energy prices - fell to its lowest in three years at 3.6%. Some analysts said Fed officials will want to see proof of inflation's downward path before countenancing cuts, a point made by Minneapolis Fed President Neel Kashkari on Wednesday.
Reuters
US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets
Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record highs with technology stocks leading the charge.
Bloomberg
China’s First Special Bond Sale Likely to See Solid Demand
(Bloomberg) -- China’s first issuance of this year’s special sovereign bonds on Friday is expected to see solid demand, according to strategists and gauges of sentiment in the bond market.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling B
Reuters
GameStop and AMC tumble as meme stocks rally deflates
(Reuters) -Retail investor darlings GameStop and AMC fell for a second straight session on Thursday, as excitement over the social media return of "Roaring Kitty," who was the central figure in 2021 meme-stock rally, fizzles out. Shares of the videogame retailer GameStop tumbled 30% to close at $27.67 after jumping as high as $64.83 on Tuesday. Theater chain AMC closed 15.3% lower at $4.64.
Reuters
Stocks near flat as timing of US rate cuts weighed; copper jumps
NEW YORK (Reuters) -World stock indexes were nearly flat while U.S. Treasury yields rose on Friday as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve this year. Much depends, however, on what happens with price pressures in the coming months, and Fed officials have hinted U.S. rates may not fall anytime soon. On Friday, Fed Governor Michelle Bowman repeated her view that inflation will fall further with the policy rate held steady, but said she has seen no improvement on inflation this year and remains willing to hike rates should progress stall or reverse.

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Revelyst to Reschedule Investor Day

Latest stories

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

Trump Media says it will delay quarterly filing due to auditor change

China Sells Record Sum of US Debt Amid Signs of Diversification

Norway Wealth Fund Blacklists Adani Ports Citing Ties to War

GIP, ADIA Join Khazanah’s Takeover Bid for Malaysia Airports

GameStop Extends Rout on Falling Sales, Plan to Sell Shares

Siemens misses profit forecast as customers stick to trend of destocking

ECB Open to BBVA-Sabadell Tie-Up, Easing Path to Potential Deal

'The Dow is America's index': The journey to hitting a record 40,000 points

Why we care so much about the Dow, the stock market’s dumbest index

Is NVIDIA Corp (NVDA) The Best Jim Cramer Stock to Buy Now?

China unveils plans to revitalize its property market

Insider-Owned Growth Leaders On The German Exchange May 2024

GLOBAL MARKETS-Asia rides Wall St rally, dollar sags on inflation relief

Top HSBC Shareholder Ping An Exploring Ways to Cut $13 Billion Stake

FOREX-Dollar rebounds after falling on weaker US inflation, yen ticks up

US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets

China’s First Special Bond Sale Likely to See Solid Demand

GameStop and AMC tumble as meme stocks rally deflates

Stocks near flat as timing of US rate cuts weighed; copper jumps