Stock market: S&P 500, Nasdaq continue rebound from Q2 lows

Yahoo Finance AU
RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update
The Reserve Bank of Australia (RBA) has kept the cash rate on hold at a 12-year high of 4.35 per cent.
Yahoo Finance
The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
GOBankingRates
How To Make the Most of Your Wealth After 65 — Like Warren Buffett
Currently sitting eighth Forbes' Real-Time Billionaires list with a net worth of $133.4 billion, Warren Buffett is a sterling example of an investor who stuck to his core financial beliefs early on to...
Bloomberg
China’s Surging Industrial Loans Aren’t Going to Its Factories
(Bloomberg) -- As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that could flood global markets with cheap goods.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed i
Reuters
Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates
(Reuters) -ANZ Group on Tuesday unveiled a new A$2 billion ($1.32 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its concerns about challenges in Australian and global economies. Cash profit fell 7% to A$3.55 billion ($2.35 billion) for the six months ended March 31, only slightly above a Visible Alpha consensus estimate, compiled by UBS, of A$3.54 billion. "Both the domestic and international environments are expected to remain challenging across the remainder of the year," ANZ CEO Shayne Elliott said.
Simply Wall St.
Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years
For us, stock picking is in large part the hunt for the truly magnificent stocks. You won't get it right every time...
Reuters
BHP insists Anglo American's South African assets must go in any takeover, sources say
BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39 billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place. Anglo American owns 78.6% of Amplats and 69.7% of Kumba.
BBC
House prices stagnate as mortgage rates increase
Mortgage deals have been rising as expectations of an imminent interest rate cut fade.
Simply Wall St.
Upgrade: Analysts Just Made A Massive Increase To Their Bicycle Therapeutics plc (NASDAQ:BCYC) Forecasts
Bicycle Therapeutics plc ( NASDAQ:BCYC ) shareholders will have a reason to smile today, with the analysts making...
Insider Monkey
RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript
RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript May 6, 2024 RGC Resources, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Tommy Oliver: Good morning and thank you for joining us as we discuss RGC Resources, Inc.’s 2024 Second Quarter […]
Reuters
Axon raises full-year revenue forecast on strong demand for its software products
The company now expects full-year 2024 revenue to be between $1.94 billion and $1.99 billion, compared with its previous forecast of $1.88 billion to $1.94 billion. Axon is the leading maker of police body cameras in the U.S. and supplies drones to law enforcement agencies in North America, Europe and Australia. It expects adjusted core profit in the range of $430 million to $445 million, up from its previous forecast range of $410 million to $430 million.
Insider Monkey
10 Best Cookies and Crackers Stocks to Buy
In this article, we will explore the 10 Best Cookies and Crackers Stocks to Buy. To skip our detailed analysis of the snacks sector, you can go directly to see the 5 Best Cookies and Crackers Stocks to Buy. The snack food industry, especially the segments involving cookies and crackers, continues to exhibit strong growth […]
Bloomberg
Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks
(Bloomberg) -- The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on Rafah Invasion Concerns“So far the requests have been to
Reuters
Ferrari shares decline as it sticks to full-year forecasts
Ferrari's core earnings rose 13% in the first quarter helped by sales of models such as the 2 million-euro ($2.2 million) Daytona SP3 limited-series luxury car and a greater contribution from personalised vehicles. Shares at the luxury sportscar maker, however, fell on Tuesday as Ferrari confirmed its full-year forecasts, failing to excite investors despite what its CEO Benedetto Vigna called a "very positive" start to the year. The result was also helped by strong pricing power and product and country mix, and Vigna said the Italian company had produced double-digit growth for both revenue and profits despite stable car deliveries.
GOBankingRates
6 Money Moves You Should Make If You Have $70K in a Checking Account
You've gotten a taste for saving money -- which is great. But your money is now just sitting idle and losing value to inflation -- which is not so great. So where do you go from here to keep enough...
Reuters
UPDATE 1-Occidental says CrownRock deal could close by August
Occidental Petroleum Chief Executive Vicki Hollub on Wednesday said the company hopes to close the acquisition of shale oil producer CrownRock before the second-quarter earnings call, which typically happens in early August. "By that time, I believe, we will have closed," Hollub told analysts, when asked in an earnings call when the company expects to incorporate CrownRock into its oil production guidance. for information on the acquisition by U.S. regulators and does not anticipate impediments for closing, Hollub said.
Bloomberg
Tycoon Richard Li Said to Near Fiber Sale to China Merchants
(Bloomberg) -- PCCW Ltd., the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd., according to people familiar with the matter.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on
Bloomberg
FTX Has Billions More Than Needed to Pay Bankruptcy Victims
(Bloomberg) -- Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in US bankruptcy proceedings. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israe
Bloomberg
Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk
(Bloomberg) -- Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortMetals joined a wider rally in risk assets after soft U
PA Media: UK News
AB InBev sales grow but Bud Light boycott continues to drag on US arm
Sales growth continued to be driven by higher pricing, with the volume of drinks sold by the company down 0.6%.

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Stock market: S&P 500, Nasdaq continue rebound from Q2 lows

Latest stories

RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update

The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs

How To Make the Most of Your Wealth After 65 — Like Warren Buffett

China’s Surging Industrial Loans Aren’t Going to Its Factories

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates

Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years

BHP insists Anglo American's South African assets must go in any takeover, sources say

House prices stagnate as mortgage rates increase

Upgrade: Analysts Just Made A Massive Increase To Their Bicycle Therapeutics plc (NASDAQ:BCYC) Forecasts

RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript

Axon raises full-year revenue forecast on strong demand for its software products

10 Best Cookies and Crackers Stocks to Buy

Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks

Ferrari shares decline as it sticks to full-year forecasts

6 Money Moves You Should Make If You Have $70K in a Checking Account

UPDATE 1-Occidental says CrownRock deal could close by August

Tycoon Richard Li Said to Near Fiber Sale to China Merchants

FTX Has Billions More Than Needed to Pay Bankruptcy Victims

Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk

AB InBev sales grow but Bud Light boycott continues to drag on US arm