Yahoo Finance Dow Jones Holds Strong Near Highs; GameStop Slammed On Share Offering, But Reddit Jumps On OpenAI Pact
Major stock indexes traded near the flatline in afternoon Friday. AMD and CrowdStrike were top gainers on the stock market today.
Major stock indexes traded near the flatline in afternoon Friday. AMD and CrowdStrike were top gainers on the stock market today.
(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
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.
Private health insurance customers could save hundreds of dollars when changes to rebates come into effect next month.
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 frenzy for Chinese bonds is showing no signs of fading, with the nation’s longest-dated special government notes receiving stronger-than-expected demand at an auction. 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 CashLuxury Labels Slash Prices 50% to Lure Wary Chinese ShoppersJudge Likely to Reject $30 Billio
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
(Bloomberg) -- Here are key takeaways from the Federal Reserve’s interest-rate decision and economic forecasts on Wednesday:Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutBlinken Casts Doubt on Cease-Fire Hopes After Hamas RespondsStock Bull Run Breaks Record on Fed Decision Day: Markets WrapThe dot plot of Federal Open Market Commi
GameStop filled up its coffers again to the tune of $2.14 billion following "Roaring Kitty's" return to YouTube.
(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 DealApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashLuxury Labels Slash Prices 50% to Lure Wary Chinese ShoppersJudge Likely to Reject $30 Billion
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.
(Bloomberg) -- Pacific Investment Management Co. expects the Bank of Japan to raise interest rates two more times this year, boosting future returns on the nation’s government bonds.Most Read from BloombergApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Producer Prices Surprise With Biggest Decline Since OctoberGavin Newsom Wants to Curb a Labor Law That Cost Businesses $10 BillionChinese Trader’s $20 Million Pile o
(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
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.
The South Korean market has shown promising growth, climbing 1.5% in the last week and achieving a 3.1% increase over the past year, with earnings expected to grow by 29% annually. In such an environment, companies like ALTEOGEN with high insider ownership can be particularly interesting as they often signal strong confidence from those closest to the company's operations and future prospects.
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.