UPDATE 2-EQT to acquire digital consultancy firm Perficient for about $3 billion

Futurism
Man Buys Used Tesla, Discovers Horrendous Issue
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Yahoo Finance
A surging stock market may not need a catalyst — but it's getting one
As the stock market flirts with another round of all-time highs, the Nvidia earnings are just around the corner — and analyst expectations are high, once again. And almost no big stocks ever post that many triple-digit gains in a row.
GOBankingRates
Mark Cuban: 4 of His Favorite Investments on Shark Tank
After 13 years on Shark Tank, billionaire Mark Cuban has announced that he plans to leave the famous ABC reality program.
Yahoo Finance AU
Expert reveals tax benefits as Aussie couple refuse to join bank accounts - even after 8 years and 2 kids
Loviner and Brad have two kids together, but have never set up a joint bank account and an expert has weighed in on why they may have made a wise decision. Find out more here.
Bloomberg
Share Sales Rebound in Toronto as Copper, Gold Surge
(Bloomberg) -- After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked.Most Read from BloombergA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals SlipZyn Shortage? Nicotine Pouches Out o
Bloomberg
GameStop Rout Reaches $8 Billion After Plan to Sell Shares
(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingFrom Tokyo to New York, Stock Markets Are on a Record-Hitting Spree Around the WorldChina Attempts to End Property Crisis With Broad Rescue PackageUS Company Becomes World’s Most Valuable Solar Firm
Yahoo Finance Video
Nvidia's long-term growth is uncertain: Analyst
Nvidia (NVDA) will post its first quarter earnings for the 2024 fiscal year next week, with many on Wall Street watching closely as the tech giant led recent rallies in the tech sector. One of the chip giant's competitors, AMD (AMD), has just partnered with Microsoft (MSFT) to offer its products to Microsoft's cloud computing customers. Wedbush Equity Research SVP Matt Bryson and Truist Securities Managing Director William Stein join Market Domination to give insight into what investors should expect from Nvidia's earnings, how AMD stands in the sector, and how investors should navigate the chip sectors. Stein argues that Nvidia's short-term future is most likely successful, but uncertainty mounts down the line: "I think certainly they're going to beat this quarter. And I think they're going to beat in the out quarter guide as well. But I think the real question is what happens through this year and into next year's numbers. Does the company give us an indication that we're going to continue to see growth and very strong demand, both for units and for integrated systems, where the company is getting the growth from?" For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Reuters
Chinese property developer Country Garden's Hong Kong liquidation hearing adjourned
A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden, providing a breather to the embattled Chinese developer amid Beijing's efforts to revive the crisis-hit property sector. A Hong Kong firm filed the petition against Country Garden in February for non-payment of a $205 million loan. The developer defaulted on $11 billion of offshore bonds last year and is in the process of an offshore debt restructuring.
Insider Monkey
Is NVIDIA Corp (NVDA) Stanley Druckenmiller’s Best AI Stock Pick?
Insider Monkey recently analyzed billionaire Druckenmiller’s latest Q1’2024 portfolio to see which AI stocks the billionaire was buying. NVIDIA Corp (NASDAQ:NVDA) is part of the 10 Best AI stocks to Buy According to Billionaire Stanley Druckenmiller. But the interesting question to answer is: Is NVIDIA really the best AI pick of Druckenmiller? NVIDIA Corp (NASDAQ:NVDA) Number of […]
Bloomberg
India’s Biggest Junk Bond Faces Creditor Demands as Delay Sought
(Bloomberg) -- India’s biggest ever high-yield rupee corporate bond, held by a number of global private credit funds, is casting a spotlight on pockets of stress within the nation’s credit markets. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Infla
Investing.com
Deutsche Bank lifts S&P 500 target on strong earnings
Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100.
Bloomberg
Oil Posts Weekly Gain as Supply Outlook and Inflation Set Tone
(Bloomberg) -- Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.Most Read from BloombergA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingFrom Tokyo to New York, Stock Markets Are on a Record-Hitting Spree Around the WorldChina Attempts to End Property Crisis With Broad Rescue PackageUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals SlipZyn Shortage? Nicotine Pouches Out of Stock in Several US Stat
Bloomberg
Chinese Property Stocks Extend Rally on Broad Rescue Package
(Bloomberg) -- Shares of Chinese property developers extended a rally after Beijing announced forceful measures to shore up the beleaguered property market. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’China Sells Record Sum of US Debt Amid Signs of DiversificationA Bloomb
Bloomberg
Top HSBC Shareholder Ping An Exploring Ways to Cut $13 Billion Stake
(Bloomberg) -- Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front
Yahoo Finance Video
China unveils plans to revitalize its property market
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China's Hang Seng Properties Index (^HSNP) climbing higher, as the rescue package comprises an urgent measure to prop up the country's suffering property market. Housing accounts for about a quarter of China's economy, and prices fell to their steepest levels in over a decade. Yahoo Finance's Seana Smith and Madison Mills break down China's plans and how they could affect global markets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Reuters
BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says
BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely. Under UK takeover rules BHP must make a firm offer by May 22, or walk away.
Investing.com
Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac
Stock market bulls regained control in May after April's decline interrupted an impressive five-month run from November to March, during which the market rose each month, with the S&P 500 gaining 25.3%.
SmartAsset
What Type of Lifestyle Will a $4 Million Retirement Buy Me?
Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.
Bloomberg
ECB Open to BBVA-Sabadell Tie-Up, Easing Path to Potential Deal
(Bloomberg) -- The European Central Bank is supportive of a tie-up between Banco Bilbao Vizcaya Argentaria SA and Banco de Sabadell SA, potentially making necessary approvals easier if the deal comes to fruition.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump

ALL ORDS

ASX 200

AUD/USD

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

AUD/EUR

AUD/NZD

NZX 50

NASDAQ

FTSE

Dow Jones

DAX

Hang Seng

NIKKEI 225

UPDATE 2-EQT to acquire digital consultancy firm Perficient for about $3 billion

Latest stories

Man Buys Used Tesla, Discovers Horrendous Issue

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

A surging stock market may not need a catalyst — but it's getting one

Mark Cuban: 4 of His Favorite Investments on Shark Tank

Expert reveals tax benefits as Aussie couple refuse to join bank accounts - even after 8 years and 2 kids

Share Sales Rebound in Toronto as Copper, Gold Surge

GameStop Rout Reaches $8 Billion After Plan to Sell Shares

Nvidia's long-term growth is uncertain: Analyst

Chinese property developer Country Garden's Hong Kong liquidation hearing adjourned

Is NVIDIA Corp (NVDA) Stanley Druckenmiller’s Best AI Stock Pick?

India’s Biggest Junk Bond Faces Creditor Demands as Delay Sought

Deutsche Bank lifts S&P 500 target on strong earnings

Oil Posts Weekly Gain as Supply Outlook and Inflation Set Tone

Chinese Property Stocks Extend Rally on Broad Rescue Package

Top HSBC Shareholder Ping An Exploring Ways to Cut $13 Billion Stake

China unveils plans to revitalize its property market

BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says

Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac

What Type of Lifestyle Will a $4 Million Retirement Buy Me?

ECB Open to BBVA-Sabadell Tie-Up, Easing Path to Potential Deal