April 30, 2024

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Latest April 30, 2024

Pressure Mounts on Amazon to Consider Dividend Amid Growing Trend in Big Tech

Key Points: Amazon faces pressure to consider offering a dividend as it remains one of the few major tech companies that does not pay regular dividends. Recent dividend initiations by Google and Meta have highlighted Amazon's divergence from its Big Tech peers. Actively managed funds and individual investors may show immediate interest in companies announcing...

Japanese Stocks Surge, Led by Electrical/Machinery Sector; Mitsubishi Electric Corp Hits Record High

Key Points: Japanese stocks surged, driven by gains in the Electrical/Machinery, Gas & Water, Chemical, and plastic sectors. The Nikkei 225 index surged by 1.24%. Mitsubishi Electric Corp (TYO:6503), Tokuyama Corp. (TYO:4043), and Komatsu Ltd. (TYO:6301) were among the top performers. M3 Inc. (TYO:2413), Nitto Denko Co (TYO:6988), and Advantest Corp. (TYO:6857) were among the...

Samsung’s First Quarter Profits Soar 932.8% Amidst Memory Chip Price Rebound

Key Points: Samsung reports a 932.8% increase in operating profit for the first quarter, driven by a rebound in memory chip prices. Revenue reached 71.92 trillion won. Strong sales of S24 smartphones and higher semiconductor prices contribute to profitability. Analysts foresee further upside for NAND flash memory. Geopolitical uncertainties and rising competition pose challenges for...