Week’s Best: JPMorgan Hires $28 Billion Merrill Lynch Team

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
$770 cash boost coming for millions of Aussies nationwide from July 1
Private health insurance customers could save hundreds of dollars when changes to rebates come into effect next month.
Reuters
China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price
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.
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.
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. […]
BBC
Tesla investors back $56bn Musk pay deal
The multi-billionaire had campaigned for the payout, which is worth up to $56bn.
Washington Post
Russia financial system shaken after U.S. imposes new sanctions
A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system Thursday and forced Moscow’s main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin’s war against Ukraine. The sharp escalation in sanctions by the Treasury Department prompted former Russian president and prime minister Dmitry Medvedev, now a senior security official, to call on the population to “inflict maximum harm” on Western socie
Reuters
Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows
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.
GOBankingRates
Dave Ramsey Says To Pay Off Your Mortgage Early– But Should You?
Dave Ramsey, the renowned financial guru, has long been a proponent of financial discipline and savvy money management. This can include paying off your mortgage early, but only under specific...
South China Morning Post
Shanghai Technology Exchange to open Hong Kong branch as China boosts digital economy
Shanghai Technology Exchange (STEX), China's first permanent market for trading intellectual property rights to technologies, plans to open a Hong Kong branch, as the nation searches for ways to help domestic companies access global knowledge. The outpost is expected to open next year, enabling Chinese firms to buy technologies from overseas entities and raise funds, STEX chairman Xie Jihua told the South China Morning Post during a media briefing in Shanghai on Thursday. It marks the latest eff
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,...
GOBankingRates
7 Common Mistakes That Will Keep You From Retiring Wealthy
Proper planning is crucial if you want to retire wealthy. Here are some common mistakes you’ll want to avoid, as they can seriously deter your plans.
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
Bloomberg
Musk Answers Tesla Faithful With Trillion-Dollar Robot Prophesy
(Bloomberg) -- Elon Musk responded in kind to Tesla Inc. investors reapproving his massive compensation plan, offering outlandish predictions that he can enrich shareholders all over again.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealApple to ‘Pay’ OpenAI for ChatGPT T
Bloomberg
UBS Nears Sale of Credit Suisse China Unit to Beijing Fund
(Bloomberg) -- UBS Group AG has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture as talks with Citadel Securities LLC stalled, according to people familiar with the matter.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 DealApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s React
Simply Wall St.
EML Payments (ASX:EML) shareholders have endured a 76% loss from investing in the stock three years ago
It's not possible to invest over long periods without making some bad investments. But you have a problem if you face...
Bloomberg
US Pensions Vie With Gulf Funds for First Shot at PE Deals
(Bloomberg) -- It took Scott Chan two years to convince his bosses at the California State Teachers’ Retirement System to free up more cash for lucrative investments alongside the world’s biggest private equity firms. 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 More Often After CovidBeaches o
NewsWire
Major bank’s warning on rate cut risk
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.
SmartAsset
I'm 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What's My Retirement Budget?
For an average single person planning to stop working at 64, a $1.2 million 401(k) account and $2,800 Social Security benefit could provide enough income to make ends meet during retirement. Widely used guidelines suggest your annual income may be around $81,600, which may or may not be more than your annual expenses. Much depends […] The post I’m 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What’s My Retirement Budget? appeared first on SmartReads by SmartAsset.
GOBankingRates
Jaspreet Singh Cuts Some Bitcoin — Why It Should Make You Examine Your Portfolio
In Bitcoin's inception, one coin amounted to less than a cent. Since then, the coin has ballooned to as high as $75,000, causing many to believe it is an excellent investment. However, some have...

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Week’s Best: JPMorgan Hires $28 Billion Merrill Lynch Team

Latest stories

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

$770 cash boost coming for millions of Aussies nationwide from July 1

China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

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

Elon Musk Demands Money Back From Employees He Laid Off

Tesla investors back $56bn Musk pay deal

Russia financial system shaken after U.S. imposes new sanctions

Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows

Dave Ramsey Says To Pay Off Your Mortgage Early– But Should You?

Shanghai Technology Exchange to open Hong Kong branch as China boosts digital economy

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

7 Common Mistakes That Will Keep You From Retiring Wealthy

Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty

Musk Answers Tesla Faithful With Trillion-Dollar Robot Prophesy

UBS Nears Sale of Credit Suisse China Unit to Beijing Fund

EML Payments (ASX:EML) shareholders have endured a 76% loss from investing in the stock three years ago

US Pensions Vie With Gulf Funds for First Shot at PE Deals

Major bank’s warning on rate cut risk

I'm 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What's My Retirement Budget?

Jaspreet Singh Cuts Some Bitcoin — Why It Should Make You Examine Your Portfolio