The takeover of United States Steel by Japan’s Nippon Steel is in limbo following opposition from both Republicans and Democrats. U.S. Steel’s history stretches back to the 19th century and includes names such as Andrew Carnegie and J.P. Morgan. U.S. Steel is now just the world’s 27th-largest steel company based on steel output, after falling from 12th largest a decade ago.
The excuses being concocted by Australian businesses for not accepting cash are becoming more and more ridiculous.
The bank admits customers in regional Australia face 'unique challenges' and want to protect them as much as possible.
The move brings CBA in line with NAB, with ANZ now offering the most interest-free days out of the big four banks.
(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.
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.
(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,
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.
LTC Properties, Inc. (NYSE:LTC) Q1 2024 Earnings Call Transcript April 30, 2024 LTC Properties, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day. And welcome to the LTC Properties Incorporated First Quarter 2024 Earnings Conference Call. At this […]
(Bloomberg) -- New York Community Bancorp Inc. shares jumped after the troubled lender posted results that were better than feared and executives outlined a plan for reshaping it into a more diversified and profitable bank.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla 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
Given her no nonsense approach to building wealth, it's not surprising that financial guru, Emmy-winning TV host and popular podcaster Suze Orman recommends certain risk-averse investments to her...
(Bloomberg) -- Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic E
As shoppers tightened their belts, the grocery giant said it had experienced a “noticeable shift” in consumers’ behaviours since Christmas.
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.
(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
Macquarie Bank customers only have a few weeks left to access over the counter services.
Oatly Group AB (NASDAQ:OTLY) Q1 2024 Earnings Call Transcript April 30, 2024 Oatly Group AB isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to the Oatly Group First Quarter 2024 Earnings Call. At this time all participants […]
(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
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.
Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the start-up of the Trans Mountain pipeline expansion (TMX) would open up new markets. TMX will nearly triple the flow of oil to Canada's west coast to 890,000 barrels per day, which is expected to transform access to global markets for the country's producers. "Our teams have been working with buyers, there's a pretty vast market out there, which is exciting," Drew Zieglgansberger, chief commercial officer at Cenovus, said on an earnings call, adding the company expected some "bumpiness" in the pipeline's initial operations.
Despite the decline in earnings, freshly minted NAB boss Andrew Irvine hinted that the competitive home loan market was easing.
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