Samsung announced its Galaxy S23 smartphone lineup on Wednesday. Samsung Samsung On Wednesday, it launched its latest lineup of flagship Galaxy smartphones, touting a better camera and improved gaming features as the South Korean tech giant tries to entice people to upgrade amid weak macroeconomic conditions and slumping consumer demand. The Galaxy S23 smartphone lineup … Read more
Advanced Micro Devices (AMD) reported fourth-quarter earnings topped Tuesday, despite continued weakness in the PC market, demonstrating that the semiconductor company has the capabilities to continue growth and capture market share. Revenue jumped 16% year-over-year, to $5.599 billion, beating analyst expectations of $5.5 billion, according to estimates compiled by Refinitiv. Adjusted earnings per share (EPS) … Read more
The club’s earnings season will reach a fever pitch on Thursday, when nine — yes, nine — companies in the Jim Cramer Charitable Trust will report quarterly results. A jam-packed earnings day saw the likes of industrial conglomerate Honeywell International (HON) and tech giants Apple (AAPL) and Alphabet (GOOGL). Stocks had a strong year, led … Read more
Singapore Factory Production Contracts rose 3.1%, extending the decline since October Singapore’s annual manufacturing production December fell 3.1%better than Reuters expectations, down 6.9%. The reading marked the third consecutive decline since October, and follows November’s figure of a decline of 3.2%. On a monthly basis, Singapore’s Industrial Production data increased by 3.2%, compared to a … Read more
CNBC Pro: These 6 Global Low-Debt Stocks Are Set to Outperform, Bernstein Says Higher interest rates have significant implications for companies with significant debt, as they are likely to face higher costs from increased borrowing. With interest rates still rising, analysts at Bernstein believe stocks with low exposure and high debt quality should outperform. The … Read more
Bonds and stocks may return to their usual relationship, which is a plus for investors who have a traditional mix of assets in their portfolios amid fears that the United States will face a recession this year. “The bottom line is that the correlation has now morphed into a more traditional relationship, where stocks and … Read more
Bitcoin falls as Genesis files for Chapter 11 bankruptcy in New York Bitcoin fell nearly 0.5% after cryptocurrency firm Genesis Filed for Chapter 11 bankruptcy in New York. The company has listed 50-99 creditors in a “massive” bankruptcy filing, with total liabilities ranging from $1.2 to $11 billion, according to bankruptcy documents. Genesis is in … Read more
Growing at a compound annual rate of 2.6% between 2019 and 2021 and capturing nearly 20% of the ice cream market share in the period “Despite the ravages of COVID,” Unilever’s €7 billion ice cream business already has a huge lead over its nearest competitor, which has 10% market share, Matt Close, head of Unilever’s … Read more
Goldman Sachs: China’s “exit wave” on reopening is negatively affecting the economy Economists at Goldman Sachs said in a report that the “exit wave” that China witnessed during the process of reopening its doors led to a significant decline in the economy. “The current wave of exits on the back of China’s faster-than-expected reopening has … Read more
The $1.4 trillion cryptocurrency market crash in 2022 did not affect traditional assets such as stocks or the real economy. But an academic warned that the failure of a major stablecoin could have an impact on the US bond market, pointing to a potential new area that investors need to watch as contagion continues to … Read more
