Ralph Lauren Names a New CFO as Earnings Come In Strong. CEO Sees ‘Resilient’ Consumers.

Yahoo Finance AU
Handwritten sign reveals grim truth of how much cashless change costs you
The small business laid bare just how much customers were paying in card surcharges.
Yahoo Finance AU
Aussie woman $2,500 out-of-pocket after split second mistake: 'Stupid'
The woman from Brisbane is urging others to look out for the red flags she missed. Read more here.
NewsWire
‘Sleeper issue’ could hit millions of Aussies
There is one fear plaguing the vast majority of working Australians, and experts say it’s not going away.
Fortune
Cathie Wood’s stunning new $2,600 Tesla prophecy and Wall Street’s Nvidia stock prediction share an often overlooked investing truth
Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.
Yahoo Finance Video
Tesla is biggest market bubble in world history: Short seller
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
Futurism
Elon Musk Demands Money Back From Employees He Laid Off
Clawback After firing a number of Twitter staff in Australia, the platform's new owner Elon Musk is threatening to take them to court, demanding to claw back payments after claiming the company had overpaid them. Twitter, which Musk has since renamed to X, fired much of its remaining staff stationed in Australia in January 2023. […]
Yahoo Finance AU
Costly mistake 65 per cent of Aussies make when paying painful insurance bill
Money saving expert Joel Gibson shares the easy ways you can claw back cash.
GOBankingRates
I’m a Self-Made Millionaire: Here’s What I Learned From My Biggest Money Mistake
It's easy to look at self-made millionaires and think -- simply by viewing their surface-level achievements alone -- that they must have always been good with money to get where they are today. In...
Fortune
Nvidia alone accounts for more than a third of the S&P 500’s gains this year—and it’s a big risk for investors, top economist warns
"The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns."
Yahoo Finance Video
Apple surpasses Microsoft as most valuable US company
Apple (AAPL) closed Thursday with a market capitalization that surpassed Microsoft's (MSFT) for the first time since January, making it the most valuable US company. Yahoo Finance's Seana Smith and Brad Smith report more on the story and some of the tailwinds for the tech giant. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Moneywise
Retired couple with nearly $1M in savings asks Suze Orman if they should buy or rent their retirement home
The personal finance guru says it's not solely a “financial decision."
Moneywise
South Florida condo owners are dumping their homes after getting slapped with six-figure special assessments
One real estate expert says, “this is just the beginning.”
GOBankingRates
5 Reasons Avoiding an Annuity Is a Smart Move for Your Retirement
Annuities are often recommended by advisors as good options for retirees, and in some cases, they can be appropriate. The positive features of annuities include the potential for lifelong income,...
Bloomberg
Schwab’s Aguilar Eyes 20% Growth After $1.2 Trillion Milestone
(Bloomberg) -- Charles Schwab Corp.’s Omar Aguilar is eying a fresh spurt in asset growth — up to 20% a year — after its investment management arm surpassed a $1 trillion milestone on surging markets and voracious demand for cost-effective funds.Most Read from BloombergSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Yes, Everyone Really Is Sick a Lot Mor
Yahoo Finance Video
Why Japanese stocks are the 'biggest opportunity' right now
Evan Tindell, the founder and chief investment officer of Bireme Capital, has approximately 40% of his assets invested in Japanese mid- to small-cap stocks. Tindell joins Catalysts to share his perspective on the opportunities within this market. Tindell advises investors to focus on the valuations of individual companies rather than solely relying on the actions of their respective central banks. This strategy has led him to identify "the biggest opportunity in Japan." Despite Japan's inflationary environment mirroring that of the United States, Tindell believes the Bank of Japan is "likely to normalize rates over a longer period of time." However, this doesn't change his outlook on the potential of Japanese stocks. As more Japanese companies shift their focus toward catering to shareholders, Tindell sees catalysts emerging in the form of share buybacks, dividend payments, and, eventually, the "opening up" of the market "for corporate control." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Yahoo Finance
Ford vice chair John Lawler on EVs, 2024 profits, and why the automaker never abandoned hybrids
Yahoo Finance spoke to Lawler at the Deutsche Bank Global Autos Conference in midtown Manhattan this week. Here's what he said about the demand for hybrid vehicles, EV adoption, profitability, and more.
Bloomberg
Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty
(Bloomberg) -- The yen fell and Japanese sovereign bonds advanced after the Bank of Japan said it would reduce debt purchases but delayed providing details until its next policy meeting.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinApple to ‘Pay’ OpenAI for ChatGPT Thro
Simply Wall St.
What Is Freightways Group Limited's (NZSE:FRW) Share Price Doing?
Freightways Group Limited ( NZSE:FRW ), is not the largest company out there, but it saw significant share price...
GOBankingRates
I Made $10K With Cryptocurrency: Here’s What I Did
Learn how crypto millionaires made their fortunes through investing, memecoins, mining, trading, and participating in the crypto economy.
Bloomberg
Global Rate-Cut Juggernaut Is Struggling to Start
(Bloomberg) -- Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies. Most Read from BloombergSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanYes, Everyone Really Is Sick a Lot More Often After CovidDanes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesMeloni Uses the G-7 to Put Focus on the Global South — And H

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Ralph Lauren Names a New CFO as Earnings Come In Strong. CEO Sees ‘Resilient’ Consumers.

Latest stories

Handwritten sign reveals grim truth of how much cashless change costs you

Aussie woman $2,500 out-of-pocket after split second mistake: 'Stupid'

‘Sleeper issue’ could hit millions of Aussies

Cathie Wood’s stunning new $2,600 Tesla prophecy and Wall Street’s Nvidia stock prediction share an often overlooked investing truth

Tesla is biggest market bubble in world history: Short seller

Elon Musk Demands Money Back From Employees He Laid Off

Costly mistake 65 per cent of Aussies make when paying painful insurance bill

I’m a Self-Made Millionaire: Here’s What I Learned From My Biggest Money Mistake

Nvidia alone accounts for more than a third of the S&P 500’s gains this year—and it’s a big risk for investors, top economist warns

Apple surpasses Microsoft as most valuable US company

Retired couple with nearly $1M in savings asks Suze Orman if they should buy or rent their retirement home

South Florida condo owners are dumping their homes after getting slapped with six-figure special assessments

5 Reasons Avoiding an Annuity Is a Smart Move for Your Retirement

Schwab’s Aguilar Eyes 20% Growth After $1.2 Trillion Milestone

Why Japanese stocks are the 'biggest opportunity' right now

Ford vice chair John Lawler on EVs, 2024 profits, and why the automaker never abandoned hybrids

Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty

What Is Freightways Group Limited's (NZSE:FRW) Share Price Doing?

I Made $10K With Cryptocurrency: Here’s What I Did

Global Rate-Cut Juggernaut Is Struggling to Start