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Asian share markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities, though rising real yields also make equity valuations look more stretched in comparison.
American Express Q1 Results: Profits jump 34%, helped by jump in new customers, higher spendingAmerican Express's Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company's revenue sources expanded, with a focus on attracting high-quality customers despite payment challe… Read MoreTesla shares fall 3% as Deutsche Bank flags risks from focus on RobotaxiThe company shares fell to their lowest in more than a year on Thursday. Its market capitalization is set to fall by more than $17 billion to about $478 billion, if losses hold. Still the company remains the most valuable aut… Read MoreLarry Summers says CPI raises chances that Fed’s next move is to hikeThe former treasury secretary cautioned against a potential Fed rate hike following the US consumer price inflation report. Summers emphasized the risks of a rate cut in June and highlighted the importance of economic indicat… Read MoreTrump's media company raises going-concern doubts; shares tumbleThe company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.5 million a year earlier. Revenue was $4.13 million last year, up from $1.47 million in 2022, it said in a fili… Read MoreExecutive chairperson Rashmi Saluja sells over 20 lakh shares of Religare EnterprisesAs per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Saluja’s holding in REL is reduced to 0.81% from 1.… Read More
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