Yahoo Finance Logitech Stock, Samsung, Key Earnings, and Other Tech News in Focus Today
Tech stocks were struggling for direction Tuesday at the end of a difficult month for the sector as investors awaited a raft of key earnings.
Tech stocks were struggling for direction Tuesday at the end of a difficult month for the sector as investors awaited a raft of key earnings.
(Bloomberg) -- A giant state-owned Chinese commodities trader is nursing losses after a shipment of copper from Russia worth nearly $20 million went missing, reigniting fears over fraud in the often secretive market for buying and selling raw materials.Most Read from BloombergApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Fore
Private health insurance customers could save hundreds of dollars when changes to rebates come into effect next month.
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry.
The multi-billionaire had campaigned for the payout, which is worth up to $56bn.
Australian employment outpaced expectations in May as firms took on more full-time workers, while the jobless rate dipped in a sign the labour market remains resilient even as the economy slowed to a standstill. The report is unlikely to move the needle much on rate cuts, with markets expecting the easing cycle to start only in the second quarter of next year. Net employment rose 39,700 in May from April, data from the Australian Bureau of Statistics showed on Thursday.
When you buy a new car, you weigh the importance and cost of features like safety mechanisms, fuel efficiency, driver assistance and interior comfort. If you plan to sell it, another consideration is...
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.
Broadcom surged about 15% on Thursday as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the euphoria. The rising adoption of generative AI has been driving demand for companies such as Broadcom that provide chips and networking tools to support these intensive applications. Broadcom, whose shares have risen 76% in the past 12 months and closed at $1495.5 on Wednesday, joined Nvidia in trying to make its stock more affordable through a 10-for-1 split.
(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’Tesla 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 Through Distribution, Not CashLuxury Labels Slash Prices 50% to
In recent trading sessions, the French stock market has shown resilience, with the CAC 40 Index modestly increasing by 0.11%. This uptick reflects cautious optimism among investors following the European Central Bank's decision to cut interest rates for the first time in five years, signaling a potentially more supportive environment for equities. In this context, dividend stocks can be particularly appealing as they offer potential income in addition to price appreciation opportunities...
Tesco shareholders are today having their say on the £9.9 million pay package awarded to boss Ken Murphy. In the housebuilding sector, Crest Nicholson has revealed its response to a takeover approach by rival Bellway.
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality...
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
Apple's (AAPL) market cap has surpassed Microsoft (MSFT), reclaiming the throne as the most valuable company. Apple's market capitalization is currently valued just above $3.228 trillion as its stock slowly took off following the company's AI showcase at its Worldwide Developers Conference (WWDC) on Monday. Yahoo Finance's Julie Hyman and Josh Lipton track Apple's stock movement this week and inquire about how Apple expects its customers to use its new AI features. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. Check out more of Yahoo Finance's coverage of Apple and its WWDC announcements: The challenge of Apple's 'AI for the rest of us' is we don't know what it's for: Morning Brief Apple will no longer be 'missing out' with new AI initiative Apple AI: Do consumers share same enthusiasm as investors? Apple's iPhone segment will grow by 10% next year: Analyst Apple looks to make AI more personal
28% of younger Americans are living paycheck-to-paycheck to pay off debts.
Citibank is turning bearish on crude oil (CL=F, BZ=F) in its latest price forecast predicting Brent crude oil prices will drop down to $60 per barrel in 2025. Yahoo Finance's Morning Brief team reviews Citibank's call, which cites supply surpluses and the transition into renewable energies. 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 more of Yahoo Finance's coverage surrounding oil prices and the broader energy sector: Energy transition is caught in a 'trilemma,' expert explains IEA warns of 8M barrel per day oil surplus by 2030 Gas prices decline, helping cool inflation in May Oil may reach $86 per barrel this summer: Goldman Sachs 3 areas where inflation is hitting hardest: May CPI Oil prices rebound despite 'shaky' demand outlook The big reason why there will be more energy sector deals
We think intelligent long term investing is the way to go. But unfortunately, some companies simply don't succeed...
Investing.com-- Bitcoin price dropped slightly Friday as forecasts for fewer interest rate cuts by the Federal Reserve saw traders pivot largely into the greenback.
(Bloomberg) -- The Bank of Japan is making investors wait until its July meeting for details on its paring of bond buying, leaving the yen vulnerable to further declines.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Tesla 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 Through Distribution, Not CashLuxury Labels Slash Prices 50% to Lure Wary Chines
(Reuters) -When Keith Gill appeared on a YouTube video in the summer of 2020 to discuss GameStop, he argued that the company's future was far rosier than the market expected. The stock influencer, who uses the moniker Roaring Kitty, has again made an argument for GameStop after a long absence from social media, reviving the meme stock trend that GameStop's roller-coaster stock-market ride in 2021 helped to spark. This year, GameStop's volatile shares have jumped 45% and trade around $25, after Gill revealed publicly this month a $116-million investment in the company.
