Nvidia tumbles after giving up its crown as the world’s most valuable company to Microsoft, Trump Media shares extend losses, Sarepta surges following expanded FDA approval for Elevidys, and Palantir’s stock is downgraded.
Australia is "straying from the narrow path", so could that spell a recession?
Finance expert Ben Nash details how to avoid tax and build your retirement nest egg with these super tricks.
"The poor are most definitely not poor because the rich are rich."
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves Court ‘Free Man,’
Aussies are using less and less cash with the drop recorded across ages, incomes and locations.
The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to mainland China have helped offset some of the currency's looming depreciation pressures. China's trailing 12-month net capital outflows stood at US$139 billion as of May 2024, the worst year for the figure since the period from 2016 to 2017, said the French investment bank Natixis in a presentation on Tuesday. Firms are reluctan
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. An Outlook of the Singaporean Economy According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP […]
(Bloomberg) -- Nvidia Corp. shares showed signs of steadying after a $430 billion selloff sent traders searching for signals as to where the bottom may be.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Free Man,’ Ending 14-Year DramaThe stock rose
(Bloomberg) -- National carrier Vietnam Airlines JSC risks insolvency as early as July if the repayment deadline for a government-backed loan isn’t extended, according to a statement on the National Assembly’s website.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assang
(Reuters) -Micron Technology beat estimates for third-quarter revenue on Wednesday driven by strong demand for its memory chips, but its current-quarter forecast disappointed investors who were upbeat about the chipmaker's performance in the AI boom. The stock had risen 13% this month, ahead of earnings, on investor optimism that Micron would benefit from AI-driven demand. "Micron's largely inline forecast may have been good enough two or three months ago, but is not enough to meet current lofty hopes, especially after a 67% year-to-date rally in its share price," said Michael Schulman, chief investment officer at Running Point Capital.
With Nvidia up over 154% year to date, Stifel managing director and chief equity strategist Barry Bannister joins Morning Brief to give insight into Nvidia's (NVDA) recent moves and how the tech giant reminds him of Cisco's (CSCO) performance during the dot-com bubble. "What happened with Cisco (CSCO) is, and same thing happened to Microsoft (MSFT), and Amgen (AMGN) and a number of other big cap stocks, is their PE multiple was too high and they earned into it over the course of the next 15 years. So the earnings went up dramatically, as was expected. This happened with the nifty 50 stocks in the early 70s. They earned very well, but their PE multiples were too high ... those companies had these mid-30s, 40-time multiples. They earned into it over the course of a decade," Bannister explains. He outlines the similarities between the dot-com bubble and the AI sector today: "But what we have today is extreme optimism on new technology. Then it was the internet, now it's AI. Narrow markets, increasingly narrow markets with a high valuation. Equity ownership was very high. And the day traders and all that. I'm just saying that you have to have been there 25 years ago to remember that it was a very similar feeling environment today." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
The board of Ralph Lauren Corporation ( NYSE:RL ) has announced that it will be paying its dividend of $0.825 on the...
The stock market has been losing confidence in the crypto exchange, as investors have sold $1.3 billion in spot Bitcoin ETF shares over the past two weeks.
The first thing to do if your 401(k) hits $1 million is to pat yourself on the back. Most Americans struggle with saving for retirement, and only a small percentage reach the mythical seven-digit...
The company also plans to complete a review of FedEx Freight by the end of the calendar year.
Yahoo Finance