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Tech companies were struggling for direction early Thursday as the Nasdaq Composite Index tried once again to snap its losing streak.
Tech companies were struggling for direction early Thursday as the Nasdaq Composite Index tried once again to snap its losing streak.
The worker felt compelled to publish the memo because 'we all felt ripped off'.
Interest rate hikes would have very little if any, impact on the price of tobacco, petrol, food, alcohol or child care. So why are they deemed the answer?
(Bloomberg) -- Bitcoin registered its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around US exchange-traded funds for the largest digital asset subsides. 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 SystemStocks Trade for 390 Minutes a Day. Increasingly,
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.
(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.
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.
(Bloomberg) -- The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysAmazon Reports Strong Cloud Unit Sales on Rising AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO Quinn Unexpectedly Steps Down Af
The bank admits customers in regional Australia face 'unique challenges' and want to protect them as much as possible.
(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
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.
(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
(Bloomberg) -- Gold held its hefty decline in the previous session, as hot US economic data further dented hopes the Federal Reserve will rapidly pivot to monetary easing.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysAmazon Reports Strong Cloud Unit Sales on Rising AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBullion w
It is doubtless a positive to see that the St Barbara Limited ( ASX:SBM ) share price has gained some 65% in the last...
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.
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...
Macquarie Bank customers only have a few weeks left to access over the counter services.
The Commonwealth Bank was the only of the big four still forecasting a cut in September, but now borrowers are being warned to 'plan for a hike'.
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.
ISS said Fink's pay package totaling roughly $27 million for the year is higher than the industry's median pay for CEOs. "While the majority of equity awards are based on clearly disclosed multi-year goals that appear reasonably rigorous, there are significant concerns regarding the process used to determine annual cash incentive awards," ISS said. Glass Lewis said it maintains reservations surrounding the structure of the sizable retention awards granted to a handful of executive officers during the year in review.
(Bloomberg) -- Viking Holdings Ltd. priced its initial public offering near the top of a marketed range to raise $1.54 billion for the luxury cruise operator and two investors.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysAmazon Reports Strong Cloud Unit Sales on Rising AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsViki