Tesla Stock Could Hit A New 52-Week Low After Downgrade On 'Thesis-Changing' Shift

Yahoo Finance AU
Woolworths worker rages about note posted in lunchroom on company profit: 'Like we are falling for that'
The worker felt compelled to publish the memo because 'we all felt ripped off'.
2 days ago
Reuters
Trump raises stake in his media firm to nearly 65%
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
a day ago
Reuters
Australian retailer Woolworths to sell $303 million stake in Endeavour Group
(Reuters) -Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021. Shares of Woolworths slipped 0.4%, while those of Endeavour were down 5% in early trade.
23 hours ago
Yahoo Finance AU
Westpac's major move on branches as regional Aussies suffer with bank and ATM closures
The bank admits customers in regional Australia face 'unique challenges' and want to protect them as much as possible.
15 hours ago
Simply Wall St.
Shareholders in PRL Global (ASX:PRG) are in the red if they invested five years ago
Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both...
54 minutes ago
Reuters
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39 billion takeover proposal for smaller rival Anglo was rejected last week. BHP has proposed that Anglo sell its shares in units Anglo Platinum (Amplats) and Kumba Iron Ore as an option to exit the South African assets it doesn't want included in the deal.
2 days ago
Bloomberg
Tesla Gives Back Some of $82 Billion Gain From Tentative China Deal
(Bloomberg) -- Tesla Inc. gave back some of its $82 billion gain in market value as several analysts questioned just how meaningful it is that Chief Executive Officer Elon Musk secured tacit approval to offer driver-assistance features in China.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving S
a day ago
Reuters
JGB yields rise with US peers, yen steady as Fed outcome awaited
The yen was steady at 157.87 per dollar following two days of volatile trade that saw it tumble beyond 160 for the first time in 34 years and then spring back as far as 154.40 in what now looks almost certain to have been intervention by Japanese authorities. The 10-year JGB yield rose 2 basis points to 0.89% as of 0543 GMT on Wednesday, recouping some ground lost the previous day, when it fell as low as 0.865%. Monday was a national holiday in Japan, forcing local investors to catch up with two days of declines for U.S. yields.
14 hours ago
Bloomberg
Yen’s Wild Swings Are Just a Taste of What’s to Come
(Bloomberg) -- On Monday morning, while many in Tokyo enjoyed a public holiday, Yoshio Iguchi was on high alert at Traders Securities Co.’s Shibuya office.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLALilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Strongest Cloud Sales Growth in a Year on AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaThe already-jittery
23 hours ago
Yahoo Finance AU
Fast-growing Aussie bank starts major overhaul as all branches lose cash ahead of 'digital only' deadline
Macquarie Bank customers only have a few weeks left to access over the counter services.
15 hours ago
Reuters
Wall Street stocks fall as markets weigh strong wage data, Fed meeting
U.S. stocks ended lower on Tuesday as markets weighed economic data showing rising labor costs and deteriorating consumer confidence on the day of a key Federal Reserve policy meeting to decide the direction of interest rates. Data showed on Tuesday that U.S. labor costs rose by a more-than-expected 1.2% last quarter, indicating an uptick in wage pressures. A survey also found that U.S. consumer confidence worsened in April, dropping to its lowest level in more than 1-1/2 years.
a day ago
Bloomberg
Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues
(Bloomberg) -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemPot Stocks Surge on Report DEA Set to Reclassify MarijuanaAfter more than doubling this year, futures traded in Ne
a day ago
Reuters
UPDATE 2-PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded market share, after the payments firm raised its forecast for full-year adjusted profit. The company's stock had struggled last year on fears that the entry of Apple and Alphabet's Google in digital payments could take away a big chunk of PayPal's mainstay business. PayPal's unbranded businesses have grown, but weakness in its branded business such as Venmo has been central to investor anxieties.
a day ago
Bloomberg
Saudi Chemical Giant’s Profit Slumps as Pressures Persist
(Bloomberg) -- Saudi Arabia’s top chemicals company reported a 62% drop in year-on-year profit as weak demand puts the industry under stress. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesUS and Saudis Near Defense Pact Aimed at Reshaping Middle EastThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerSaudi Basic
7 hours ago
Bloomberg
Bank of America Sounds Warning on Options-ETF Boom as Day Traders Plunge In
(Bloomberg) -- Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds that use options to goose yields. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’
9 hours ago
GOBankingRates
Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
a day ago
Reuters
EV maker Polestar to delay fourth-quarter results for a second time
Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company said on Tuesday. Polestar did not provide a date for the release but said it still intends to publish first-quarter financial results on May 23. Polestar also requires more time to complete work related to the internal control of its financial reporting as per the Sarbanes-Oxley Act of 2002, the spokesperson said.
a day ago
NCA NewsWire
ASX sinks on Wall St sell-off, Fed fears
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
14 hours ago
Reuters
INDIA RUPEE-Rupee subdued tracking Asian peers, bias seen tilted lower
The Indian rupee was little changed on Tuesday, tracking subdued moves in its Asian peers, with traders expecting the local currency to trade with a slight depreciation bias heading into the U.S. Federal Reserve's policy decision. The dollar index was up 0.1% at 105.8, while most Asian currencies were rangebound. The Fed will deliver its policy decision on Wednesday and while it is widely expected to keep rates unchanged, investors will pay attention to remarks from Chair Jerome Powell for cues on policymakers' thinking about the future path of policy rates.
2 days ago
PA Media: UK News
Home-buyer mortgage approvals jump to highest level since September 2022
Home sales across the UK also increased in March, for the third month in a row.
a day ago

ALL ORDS

AUD/USD

ASX 200

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

Tesla Stock Could Hit A New 52-Week Low After Downgrade On 'Thesis-Changing' Shift

Latest stories

Woolworths worker rages about note posted in lunchroom on company profit: 'Like we are falling for that'

Trump raises stake in his media firm to nearly 65%

Australian retailer Woolworths to sell $303 million stake in Endeavour Group

Westpac's major move on branches as regional Aussies suffer with bank and ATM closures

Shareholders in PRL Global (ASX:PRG) are in the red if they invested five years ago

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

Tesla Gives Back Some of $82 Billion Gain From Tentative China Deal

JGB yields rise with US peers, yen steady as Fed outcome awaited

Yen’s Wild Swings Are Just a Taste of What’s to Come

Fast-growing Aussie bank starts major overhaul as all branches lose cash ahead of 'digital only' deadline

Wall Street stocks fall as markets weigh strong wage data, Fed meeting

Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues

UPDATE 2-PayPal lifts 2024 profit forecast, execs focus on branded checkout growth

Saudi Chemical Giant’s Profit Slumps as Pressures Persist

Bank of America Sounds Warning on Options-ETF Boom as Day Traders Plunge In

Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends

EV maker Polestar to delay fourth-quarter results for a second time

ASX sinks on Wall St sell-off, Fed fears

INDIA RUPEE-Rupee subdued tracking Asian peers, bias seen tilted lower

Home-buyer mortgage approvals jump to highest level since September 2022