Stocks close higher for the second session in a row

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.
Yahoo Finance AU
Westpac CEO reveals when the RBA could cut interest rates
Peter King warned more Aussies would have to be unemployed if mortgage holders want to see some relief.
NCA NewsWire
ANZ chief’s dire warning for homeowners
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
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...
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 […]
Reuters
PIMCO adds bond exposure outside the US on inflation risks
U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest rates. The $1.9 trillion asset manager expects an easing in central bank policies to bolster bonds in markets such as Australia, Canada, the United Kingdom and the euro zone, but is underweight U.S. fixed income as economic growth in America may continue to be accompanied by rising price pressures.
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 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 in Int
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 TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on Rafah Invasion Concerns“So far the requests have been t
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...
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 TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Isr
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%.
Bloomberg
Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash
(Bloomberg) -- Instacart is partnering with Uber Technologies Inc. to offer restaurant delivery through the Instacart app — taking on the top US food delivery app, DoorDash Inc.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on Rafah Invasion ConcernsInstacart users in the US will be able to order fro
Yahoo Finance AU
RBA boss deals major 2025 interest rate cut blow that will devastate millions of struggling Aussies
The Reserve Bank of Australia has held interest rates, but there's no sign of reprieve for those under mortgage stress.
Bloomberg
Disney Shares Decline on Outlook Despite Path to Profit
(Bloomberg) -- Walt Disney Co. shares tumbled the most in a year and a half after the company reported a tepid outlook for growth in streaming subscribers in the current quarter and said that visits to parks are expected to moderate from peak post-Covid levels.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to

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Stocks close higher for the second session in a row

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

Westpac CEO reveals when the RBA could cut interest rates

ANZ chief’s dire warning for homeowners

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

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

10 Best Cookies and Crackers Stocks to Buy

PIMCO adds bond exposure outside the US on inflation risks

Tycoon Richard Li Said to Near Fiber Sale to China Merchants

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

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

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

Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash

RBA boss deals major 2025 interest rate cut blow that will devastate millions of struggling Aussies

Disney Shares Decline on Outlook Despite Path to Profit