Lifestyle

HP falls after cutting profit outlook on printer slowdown
HP falls after cutting profit outlook on printer slowdown
August 28, 2024
HP INC slipped about 3 per cent in extended trading after cutting its full-year profit outlook on a continued downturn in its printing unit.The disappointing profit forecast overshadowed the...
AI chip giant Nvidia beats expectations, but shares take hit
AI chip giant Nvidia beats expectations, but shares take hit
August 28, 2024
ARTIFICIAL intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher than expected US$30 billion in the last quarter, though that growth was slower than the furious pace...
Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses
Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses
August 28, 2024
OIL prices settled 1 per cent lower on Wednesday after a smaller-than-expected draw in US crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply...
Fed rate cuts have mixed impact on stocks, so don’t get carried away
Fed rate cuts have mixed impact on stocks, so don’t get carried away
August 28, 2024
Investors should carefully examine the thesis for any purchases, especially since equities have been on a generally upward trajectory for the last two yearsTHE United States Federal Reserve is...
Oil traders remain split on whether Opec+ will revive supplies as planned
Oil traders remain split on whether Opec+ will revive supplies as planned
August 28, 2024
Oil watchers remain divided over whether Opec+ will go ahead with a planned production revival next quarter, as demand fears continue to pressure prices.Twelve respondents in a Bloomberg survey...
Chinese electric car maker BYD posts 33% profit rise
Chinese electric car maker BYD posts 33% profit rise
August 28, 2024
CHINESE electric vehicle maker BYD reported a 32.8 per cent rise in second-quarter net profit on Wednesday (Aug 28), its fastest growth since end-2023, despite faltering spending on big-ticket...
Chinese electric car maker BYD posts 33% profit rise
Chinese electric car maker BYD posts 33% profit rise
August 28, 2024
CHINESE electric vehicle maker BYD reported a 32.8 per cent rise in second-quarter net profit on Wednesday (Aug 28), its fastest growth since end-2023, despite faltering spending on big-ticket...
Adani Enterprises’ debut public bond sale to see strong demand, bankers say
Adani Enterprises’ debut public bond sale to see strong demand, bankers say
August 28, 2024
THE maiden public issue of bonds by India’s Adani Enterprises is expected to witness strong demand as yields are attractive, four merchant bankers said on Wednesday (Aug 28). The company...
Nvidia’s earnings will test the S&P 500’s US trillion recovery
Nvidia’s earnings will test the S&P 500’s US$4 trillion recovery
August 28, 2024
The almost US$3 trillion rally in Nvidia shares over the roughly two years since ChatGPT’s unveiling has virtually rewired the US stock market, giving the artificial intelligence chipmaking giant...
Warren Buffett reaps almost US billion from sale of more BofA shares
Warren Buffett reaps almost US$1 billion from sale of more BofA shares
August 28, 2024
WARREN Buffett sold an additional US$982 million of Bank of America (BofA) stock as his conglomerate continues to shrink its investment in the second-largest US bank. His Berkshire Hathaway has...