Posts by Kim Browne
Why Warren Buffett’s Departure from Berkshire Hathaway Matters
It was closing in on 1 p.m. here when Warren Buffett, seated onstage before a rapt audience of about 40,000 at the CHI Health Center, said that he was getting a “5-minute warning.” To most of those gathered here for the annual meeting of Berkshire Hathaway, his company, it was simply a signal that the…
Read MoreUS: Wall St opens lower after Trump’s fresh tariffs
Published Mon, May 5, 2025 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened lower on Monday (May 5) after President Donald Trump rekindled worries about the ramifications of a global trade war by introducing new tariffs, while focus remained on the Fed’s monetary policy decision later this week. The Dow Jones Industrial Average…
Read MoreDonald Jr. and Eric Trump Pursue New Deals That Would Enrich President Trump
A contest of sorts has played out across Europe, the United States and the Middle East in recent days as President Trump’s two older sons have pursued a blitz of family moneymaking ventures capitalizing on their father’s name and power, each seemingly trying to outdo the other. It is a rush to cash in that…
Read MoreInvestors still harbour hope of Fed’s Powell giving a rate-cut the thumbs up
THE S&P 500 plunged into a bear market in April, then staged an epic recovery, and now the US Federal Reserve will reveal which was the correct response. The central bank is likely to leave rates unchanged at the current level between 4.25 per cent and 4.5 per cent at the end of its two-day…
Read MoreSias strongly disagrees with IFA opinion on ‘exploitative’ Sinarmas Land offer; urges offeror to revise bid
[SINGAPORE] David Gerald, the president of Securities Investors Association (Singapore), or Sias, has criticised the offer for Sinarmas Land by the Widjaja family-linked Lyon Investments as “exploitative”, urging the offeror to revise the bid to more fairly reflect the company’s net asset value (NAV). In a statement on Monday (May 5), Gerald said that Sias…
Read MoreTranscript: Fox News Visibly Rattled as Trump’s Slide in Polls Worsens
So we’ve got the polls are fake. We’ve got, You can’t look at the polls because Trump’s agenda isn’t built for 100 days. And then you’ve got Maria Bartiromo, who is a Fox Business host—at one point a very credible business reporter but now just a raging Trumpist—who explained that it’s just impossible not to…
Read MoreAudi keeps outlook after Q1 sales rise, but tariff impact not included
[BERLIN] Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not included, after its first-quarter revenue rose 12.4 per cent on higher sales of electric models. Quarterly revenue rose to 15.43 billion euros (S$22.52 billion) in January-March, compared with 13.73 billion a…
Read MoreIPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Published Mon, May 5, 2025 · 05:16 PM [TAIPEI] Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted by the hastening of orders ahead of US tariffs that could upend business for its customers. Sales in April reached US$21.4 billion. That contributed…
Read MoreThe Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market starting to soften, the central bank opted to go big, lowering interest rates by half a percentage point and signaling further cuts to come. Rather than a panicky response to a crisis…
Read MoreTrump’s Rage at Fox News over Bad Poll Hints at Coming Fiasco for MAGA
President Trump has recently been erupting at Fox News over its new poll finding him with 55 percent disapproval. Trump described Fox’s pollster as “Trump hating” and demanded that the firm be “investigated.” Stephen Miller subsequently called for the pollster’s firing. Guess what: Fox News has gotten the message. As Trump’s poll numbers for other…
Read MoreVolvo Cars sales fall 11% in April as fully electric cars slump
Published Mon, May 5, 2025 · 04:01 PM [STOCKHOLM] Volvo Cars reported on Monday (May 5) an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by China’s Geely, said in a statement, sales of fully electric cars fell 32 per…
Read MoreAs T-bill, SSB yields fall, here’s where to invest for higher yields: analysts
[SINGAPORE] Yields are steadily declining, which is bad news for investors looking for a safe corner to park their cash. The latest six-month Treasury bill (T-bill) cut-off yield fell to 2.38 per cent, based on auction results on Apr 24 – the lowest level that cut-off yields of six-month T-bills have fallen to in the…
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