Shares of Trump Media surge for a second day, GameStop’s fiscal fourth-quarter revenue misses analysts’ estimates, Merck’s treatment for pulmonary arterial hypertension receives FDA approval, and Cintas raises fiscal 2024 guidance.
Aussies are making tens of thousands of dollars in net income through this popular strategy - but it's not without its downsides. Find out more here.
Westpac economists have pushed back their prediction for when the Reserve Bank of Australia (RBA) will reduce the cash rate.
HECS debts are about to balloon again, but some Aussies could take advantage of a loophole to avoid indexation.
Australian workers copped the largest tax increase in the developed world last year. The tax spike disproportionately impacted low and middle-income earners.
Though your pre-retirement income alone isn't enough to determine whether you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you can...
Q3 2024 Western Digital Corp Earnings Call
Having an income is crucial for, well, everyone. Many people want a steady flow of cash without working all the time. This is called passive income and dividends are one way to achieve this...
Tesla is going through a crisis. The company, which posted disastrous first-quarter results earlier this month, isn't just losing the over ten percent of its global workforce due to layoffs, a number of high-profile insiders are also looking to jump ship. Longtime Tesla executive Drew Baglino, who joined Tesla in 2006, has sold $181.5 […]
Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.
Warren Buffet is a well-known investing guru, so it makes sense that investors want to know what he's currently investing in. The good news is that you can take a peek inside his portfolio. At least...
Finward Bancorp ( NASDAQ:FNWD ) First Quarter 2024 Results Key Financial Results Revenue: US$25.3m (up 50% from 1Q...
HOUSTON (Reuters) -Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron and TotalEnergies reflect a sharp downturn in natural gas prices after a warmer than usual Northern Hemisphere winter cut demand and pushed up inventories. Exxon, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted lower first-quarter earnings of $8.22 billion, down from an $11.43 billion net profit a year ago.
When IBM announced its intention to acquire HashiCorp for $6.4 billion on Wednesday at market close, it was easy to conclude that the two companies should fit well together, but a deal comes down to more than strategy. In his meeting with analysts after Wednesday's announcement, IBM CEO Arvind Krishna said he sees HashiCorp as a critical piece of IBM's hybrid cloud management strategy, especially as it relates to generative AI. “As generative AI deployment accelerates alongside traditional workloads, developers are working with increasingly heterogeneous, dynamic and complex infrastructure strategies," Krishna told analysts.
Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line inflation reading calmed interest rate jitters. Lifting sentiment further, Microsoft rose 2.5% on beating Wall Street estimates for third-quarter revenue and profit, driven by gains from AI adoption across its cloud services. Other growth stocks also traded higher on the results, with Amazon.com and Nvidia up 2.9% and 5.0%, respectively.
Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest rates well after its European counterpart.
(Bloomberg) -- Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities.Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe Long, Slow Death of Urban NightlifeWall Street Humbled as Fast-R
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.
The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with forecasts and affirming expectations that the Federal Reserve will likely delay cutting interest rates to later this year. The dollar's peak against the yen came after the Bank of Japan kept interest rates steady at its end of its two-day policy meeting, although it flagged future rate hikes.
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