Stock market today (April 27, 2024): Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
NEW YORK — The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday.
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Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook’s parent company, one of Wall Street’s most influential stocks, also hurt the market.
EMERGING Asia’s worst-performing sovereign bonds are at risk of further declines as the Philippine central bank looks to delay monetary easing due to inflation fears and a weak peso.
LAWMAKERS sternly warned traders inflating the prices of essential goods in the market that the government will pursue legal action against them if necessary.
THE Philippine Council of Associations and Association Executives (PCAAE) recently held a webinar, “The Future of Work,” featuring two Washington, D.C.-based speakers: Amy Hissrich, vice president of the International Affairs of the American Society of Association Executives, and Tom Reiser, executive director of the International Society on Thrombosis and Haemostasis.
SUN Life Grepa Financial Inc., a joint venture between Sun Life of Canada (Philippines) Inc. and the Yuchengco Group of Companies, announced last Thursday it posted a 17-percent increase in total premium income to P13.5 billion last year from P11.5 billion in 2022.
THE House Committee on Housing and Urban Development is currently reviewing existing government issuances related to housing price ceilings to enhance private sector involvement in mass socialized housing projects.
SENATOR Jose Pimentel “Jinggoy” Ejercito Estrada is asking Congress to pass an enabling bill mandating banks to allocate credit resources for micro-sized, small-scale and medium-sized enterprises (MSMEs) citing the need to keep small businesses afloat.
Megawide Construction Corp. on Thursday said it won the contract to construct the newest Landers Store in Aseana City in Parañaque.
Megaworld Corp. said it is building a modern museum inside its 30-hectare Mactan Newtown in Lapu-Lapu City, Cebu as an ode to the island’s cultural pride and historical significance.
Nlex Corp. said it is making significant progress on the Candaba Viaduct, with completion now estimated at approximately 70 percent as of April 22, according to its president.
Filinvest REIT Corp., the real estate investment trust of the Gotianun Group, said it transitioned five of its office building properties to renewable energy (RE) sources under the government’s green energy option program (GEOP).
Hyundai Motor Co. wants to increase sales of hybrid vehicles to offset the slowdown in demand for electric vehicles.
San Miguel Corp. (SMC) said on Thursday the ongoing South Luzon Expressway (Slex) expansion project is now approximately 70 percent complete.
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war, bringing the total number of terminated staff to more than 50, a group representing the workers said.
LONG AN, Vietnam — There is one thing that distinguishes 60-year-old Vo Van Van’s rice fields from a mosaic of thousands of other emerald fields across Long An province in southern Vietnam’s Mekong Delta: It isn’t entirely flooded.
THE World Bank International Finance Corporation (IFC) will assist the Philippine Economic Zone Authority (Peza) to reduce carbon emissions in economic zones to help the investment promotion agency become more competitive, according to Peza.
THE Department of Trade and Industry (DTI) has expanded its Vape Law enforcement program, this time focusing on cracking down on substandard construction materials proliferating in the market.
The decision of the Court of Appeals (CA) to halt the commercial release of genetically modified (GM) crops could adversely affect the country’s efforts to fight malnutrition, according to a member of the Monetary Board (MB).
Upon the resumption of session on Monday, Speaker Ferdinand Martin G. Romualdez announced plans to lead an investigation into the “growing disparity” between farmgate and retail prices of essential commodities.
ACEN Corp. is expecting 1.6 gigawatts (GW), or 1,600 megawatts (MW), of new renewable energy (RE) projects to deliver close to fullyear output this year.
Areit Inc., the real estate investment trust sponsored by Ayala Land Inc., said it wants to maintain its occupancy rate at 97 percent, despite the challenging office space environment.
SM Investments Corp. (SMIC), the holding firm of the Sy family, said it is setting aside as much as P120 billion for its capital expenditures (capex) this year, 50 percent higher than the previous year’s P80 billion.
Concepcion Industrial Corp. (CIC), a manufacturer of air-conditioners and refrigerators, said it recorded an income of P185.7 million in the first quarter, almost double from the previous year’s P93.22 million on higher sales volume.
SM Hotels and Conventions Corp. (SMHCC) is keen on expanding its partnership with the Hong Kong-based Lanson Place Hospitality Management Ltd. (LPHML), if the Sy-led company fully embraces the extended-stay, serviced-apartment market, a growing segment of business travel.
NON-bank financing company Asialink Finance Corp. is keen on doubling its client base composed of small-scale and medium-sized enterprises (SMEs).
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