To The Moon

United Overseas Bank (SGX:U11) has an average rating of overweight and mean price target of SG$38.94, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic resea

RHB Bank Singapore analysts have downgraded Singapore’s banks to “neutral” from “overweight”, as a “subdued macro outlook weights on prospects”.The analysts have also downgraded Oversea-Chinese Banking Corporation and United Overseas Bank to “neutral” from “buy”, while keeping “buy” on DBS Group Holdings.US President Donald Trump’s reciprocal tariffs have injected further uncertainty into the market, write the analysts in an April 22 note, but the pause “provides investors with a reprieve and

UPDATE 2-Trump warns of economic slowdown unless Fed cuts rates, triggering selloffTrump says rates need to drop immediatelyFed is waiting on rate decisions to be sure tariffs don't drive inflation higherConference Board indicators point to slowing; stocks down, yields higherAdds details throughoutBy Howard Schneider and Ismail Shakil. It's not clear Trump has the authority to do so, and even if successful the Fed's governance structure would give the remaining board members and regional bank presidents say over interest rate decisions - potentially forcing the White House into a deeper assault on the Fed's seven-member Board of Governors.Trump's repeated threats to fire Powell come as he tries to goad the Fed into quickly cutting interest rates to mitigate a widely expected economic slowdown and possible harm to the labor market due to his tariff and other policies, while Fed policymakers urge caution on concerns inflation, which remains above their 2% target, could be pushed higher b

The Trump administration took steps to impose levies on Chinese vessels docking at US ports, threatening to shake up global shipping routes and escalate the trade war between the world’s two biggest e

United States Steel Corp. shares tumbled as much as 12.5% in overnight trading after President Donald Trump said he does not want to see the steelmaker owned by a Japanese company.Trump, speaking from

The stock market took a dive, but Cathie Wood didn’t flinch. Instead of retreating, the Ark Invest CEO saw an opportunity and went on a buying spree. According to Investor’s Business Daily, her firm snapped up shares of Tesla , Robinhood , Coinbase , Palantir Technologies , and more on March 10.Investor’s Business Daily said that Ark Invest picked up 79,318 shares of Tesla, valued at $17.62 million based on Monday’s closing price of $222.15. The firm also acquired 269,864 shares of Robinhood for $9.6 million and 64,358 shares of Coinbase, worth $11.53 million.It’s a familiar strategy for Wood, who has built a reputation for “buying the dip.” She firmly believes in disruptive innovation and has placed some of her biggest bets on Tesla.Amid the backlash, President Donald Trump publicly backed Musk. He said on Truth Social that he would buy a Tesla, calling it a “show of confidence” in the company. The move follows a broader effort by Trump’s administration to support Tesla.

This article was automatically generated by Dow Jones using technology from Automated Insights.Shares of Super Micro Computer Inc. slipped 8.0% to $39.08 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.4% to 5,521.52 and Dow Jones Industrial Average falling 1.3% to 40,813.57.The stock's fall snapped a two-day winning streak.Super Micro Computer Inc. closed 67.3% short of its 52-week high of $119.56, which the company achieved on March 14th.The stock underperformed when compared to some of its competitors, as HP Inc. fell 2.0% to $27.91, Intel Corp. rose 14.6% to $23.70, and Digi International Inc. fell 3.23% to $28.45.Trading volume totaled 55.6 million, compared to the 50-day average of 76.1 million.