Singapore’s stock market has faced challenges such as thin trading volumes and more delistings than listings. This has caused some to label the market as “boring” and “unexciting.” The turnover velocity at the SGX has also been significantly lower compared to other exchanges in the region. To address these issues, the Monetary Authority of Singapore
Global Finance
Warren Buffett’s Berkshire Hathaway has hit a new milestone with a cash pile that reached a record high of $276.9 billion in the last quarter. This significant increase in cash reserves from the previous record of $189 billion set in the first quarter of 2024 has sparked interest and speculation within the financial world. Buffett’s
Warren Buffett’s Berkshire Hathaway is expected to announce that its cash reserve has exceeded $200 billion, surpassing the GDP of Hungary. This record amount comes at a time when Buffett is selling off some of his major holdings in companies like Apple and Bank of America. With Berkshire being a net seller of stocks for
The recent announcement by Morgan Stanley allowing its financial advisors to offer bitcoin ETFs to eligible clients marks a significant shift in the landscape of wealth management on Wall Street. This move by one of the largest wealth management firms in the world reflects the growing acceptance and adoption of bitcoin by mainstream finance. It
In extended trading, Apple saw its share price inch higher after beating analysts’ estimates on both the top and bottom lines. The company reported fiscal third-quarter earnings of $1.40 per share, surpassing the expected $1.35 per share. Revenue also exceeded expectations, coming in at $85.78 billion. This positive performance from Apple can be attributed to
Federal Reserve officials recently announced that they would maintain short-term interest rates at their current level. While the decision indicated a steady course for monetary policy, officials hinted that inflation is approaching its target. This development could potentially pave the way for future interest rate cuts. However, the central bankers did not explicitly suggest that
The recent streak of selling by Berkshire Hathaway in its Bank of America stake has raised eyebrows and speculation about Warren Buffett’s strategic moves in the market. Over the course of nine trading days, Berkshire has significantly reduced its stake in the bank, selling millions of shares and raking in billions of dollars in the
The cryptocurrency market is experiencing a significant milestone this week, as spot ether exchange-traded funds (ETFs) have made their debut. This development marks a historic moment for investors and the overall landscape of digital assets. One of the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission is Franklin Templeton.
Over the past six trading days, Berkshire Hathaway, led by Warren Buffet, has been consistently reducing its stake in Bank of America. The conglomerate has sold a total of 52.8 million Bank of America shares, amounting to $2.3 billion in value, resulting in the stake being lowered to 12.5%. Possible Valuation Concerns Buffet’s decision to
As we move further into the year 2025, many workers are facing the reality that their annual raise will be smaller than in previous years. According to a survey conducted by WTW, a consulting firm, the typical worker is expected to receive a 4.1% pay raise for 2025, down from 4.5% in the previous year.
Recent reports from Bank of America analysts have revealed a significant increase in the China revenue of four of the world’s largest semiconductor equipment manufacturers. Companies such as ASML, Lam Research, KLA Corp, and Applied Materials have seen their China revenue more than double since late 2022. This surge in revenue has been attributed to
Despite beating both top and bottom lines in the second quarter, Alphabet still saw a 1% slip in its stock price. This is likely due to its YouTube advertising segment missing revenue forecasts. It is essential for Alphabet to focus on enhancing its advertising strategies to meet market demands and investor expectations. Tesla experienced a