ABC arbitrage: Release of the annual financial report as at December 31, 2023

NCA NewsWire
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
GOBankingRates
How To Make the Most of Your Wealth After 65 — Like Warren Buffett
Currently sitting eighth Forbes' Real-Time Billionaires list with a net worth of $133.4 billion, Warren Buffett is a sterling example of an investor who stuck to his core financial beliefs early on to...
Yahoo Finance AU
Vital clue Australia is headed for an interest rate cut - not the hike a few noisy economists claim
Homeowners will be desperately hoping inflation gets under control so they can get some mortgage relief.
Bloomberg
China’s Surging Industrial Loans Aren’t Going to Its Factories
(Bloomberg) -- As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that could flood global markets with cheap goods.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed i
LA Times
GardaWorld heist: The reason $30 million was in a Sylmar warehouse and not a bank
Security company GardaWorld, whose Sylmar facility was burgled on Easter, has become a major player in cash logistics, an opaque — and growing — field.
Yahoo Finance AU
HECS controversy: Crusading MP responds as young Aussies claim $3 billion HECS lifeline for millions 'not enough'
Labor wants to change the way student loan is indexed and while it'll be welcome relief for many, some say it's just the tip of the iceberg.
StockStory
Roblox (RBLX) Reports Earnings Tomorrow: What To Expect
Gaming metaverse operator Roblox (NYSE:RBLX) will be announcing earnings results tomorrow before market open. Here's what to look for.
Evening Standard
Boohoo recovery plan doubts grow as losses hit £160m
Shares fell by as much as 6.3% as the business reporting declining revenue
StockStory
DoubleVerify (NYSE:DV) Surprises With Q1 Sales But Stock Drops 21.5%
Digital media measurement and analytics provider DoubleVerify (NYSE:DV) beat analysts' expectations in Q1 CY2024, with revenue up 14.8% year on year to $140.8 million. On the other hand, next quarter's revenue guidance of $154 million was less impressive, coming in 2.8% below analysts' estimates. It made a GAAP profit of $0.04 per share, down from its profit of $0.07 per share in the same quarter last year.
Simply Wall St.
Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years
For us, stock picking is in large part the hunt for the truly magnificent stocks. You won't get it right every time...
Bloomberg
FTX Has Billions More Than Needed to Pay Bankruptcy Victims
(Bloomberg) -- Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in US bankruptcy proceedings. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Po
Reuters
Roblox cuts annual bookings forecast on muted player spending
Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off hundreds of employees and shut studios this year to cope with declining demand. Roblox now expects full-year bookings to be between $4 billion and $4.10 billion, down from its earlier forecast of $4.14 billion to $4.28 billion.
Simply Wall St.
Kinross Gold Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
A week ago, Kinross Gold Corporation ( TSE:K ) came out with a strong set of first-quarter numbers that could...
Simply Wall St.
Southern Score Builders Berhad (KLSE:SSB8) Looks To Prolong Its Impressive Returns
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Sky News
Interest rate cut is not far off - but there are complicating factors
All nine members know that interest rates, currently at 5.25%, will have to be cut in the coming months. After all, high interest rates represent a brake on the economy and it's becoming clear that keeping the brake pedal down is causing economic pain. For Bank insiders, the fact that the rate at which the consumer price index is rising each year is about (at least according to their forecasts) to hit 2% is a mark of success.
BBC
UK interest rates expected to stay at 16-year high
The Bank of England will decide interest rates later, but is not expected to cut them until the summer.
BBC
FTX says it has billions more than owed to victims
The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.
Bloomberg
Disney Shares Decline on Outlook Despite Path to Profit
(Bloomberg) -- Walt Disney Co. shares tumbled the most in a year and a half after the company reported a tepid outlook for growth in streaming subscribers in the current quarter and said that visits to parks are expected to moderate from peak post-Covid levels.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track‘Seriously Underwater’ Home Mortgages Tick Up Across the USMarjorie Taylor Greene Final
WWD
Pronovias, Elisabetta Franchi Unveil First Bridal Collection
The styles will be available in the second half of the year.
Reuters
Chinese chip maker SMIC says revenue up 20% as clients restock
BEIJING (Reuters) -China's largest contract chipmaker SMIC reported a first-quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories. SMIC said in a statement that its revenue rose to $1.75 billion for the three months through March, topping the $1.69 billion forecast by analysts polled by LSEG. "In the first quarter 2024, our global customers are more willing to build up inventory," SMIC said, adding that demand from some is expected to continue in the current quarter.

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ABC arbitrage: Release of the annual financial report as at December 31, 2023

Latest stories

One thing propping up Aussie economy

How To Make the Most of Your Wealth After 65 — Like Warren Buffett

Vital clue Australia is headed for an interest rate cut - not the hike a few noisy economists claim

China’s Surging Industrial Loans Aren’t Going to Its Factories

GardaWorld heist: The reason $30 million was in a Sylmar warehouse and not a bank

HECS controversy: Crusading MP responds as young Aussies claim $3 billion HECS lifeline for millions 'not enough'

Roblox (RBLX) Reports Earnings Tomorrow: What To Expect

Boohoo recovery plan doubts grow as losses hit £160m

DoubleVerify (NYSE:DV) Surprises With Q1 Sales But Stock Drops 21.5%

Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years

FTX Has Billions More Than Needed to Pay Bankruptcy Victims

Roblox cuts annual bookings forecast on muted player spending

Kinross Gold Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Southern Score Builders Berhad (KLSE:SSB8) Looks To Prolong Its Impressive Returns

Interest rate cut is not far off - but there are complicating factors

UK interest rates expected to stay at 16-year high

FTX says it has billions more than owed to victims

Disney Shares Decline on Outlook Despite Path to Profit

Pronovias, Elisabetta Franchi Unveil First Bridal Collection

Chinese chip maker SMIC says revenue up 20% as clients restock