CORRECTING and REPLACING Avnet Declares Regular Quarterly Dividend

Bloomberg
Chinese Trader’s $20 Million Pile of Russian Copper Goes Missing
(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
Reuters
China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price
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.
Yahoo Finance AU
$770 cash boost coming for millions of Aussies nationwide from July 1
Private health insurance customers could save hundreds of dollars when changes to rebates come into effect next month.
BBC
Tesla investors back $56bn Musk pay deal
The multi-billionaire had campaigned for the payout, which is worth up to $56bn.
Reuters
Australia May employment tops forecasts, defying economic slowdown
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.
GOBankingRates
136 Worst Cars You Can Buy, Ranked
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...
Reuters
Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows
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.
Bloomberg
China Sells 50-Year Bonds at Record-Low Yield as Demand Swells
(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 CashBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinLuxury Labels Slash Prices 50% to
NewsWire
ASX extends losses as US rate decision looms
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
Yahoo Finance Video
BoJ could hike rates in July: Evercore ISI vice chairman
The Federal Reserve has left interest rates unchanged after the European Central Bank (ECB) initiated a cut from 4% to 3.75%. Evercore ISI vice chairman Krishna Guha joins Morning Brief to discuss how major banks are handling inflation and the upcoming rate decision from the Bank of Japan. "I basically put the central banks in two buckets. There's Japan, and there's everybody else, as there has been for a while," Guha says. He explains that Japan is working its way out of a multi-decade period of deflation, adding, "For them, the question is, have we seen enough to prepare for our next rate hike?" He believes that a rate hike could come as soon as July, but no later than October. He adds that the ECB's cut sent a "cautious signal" as they start walking rates back carefully this year. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Bloomberg
Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty
(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’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinApple to ‘Pay’ OpenAI for ChatGPT Thro
Reuters
Broadcom soars as demand for AI chips powers forecast raise
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
Pimco Expects Two More BOJ Hikes This Year, Lifting JGB Returns
(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
Simply Wall St.
Exploring Three Top Dividend Stocks On Euronext Paris
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...
Bloomberg
UBS Nears Sale of Credit Suisse China Unit to Beijing Fund
(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
Evening Standard
FTSE 100 Live 14 June: Tesco sales boost ahead of AGM, Crest Nicholson updates on Bellway bid
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.
Simply Wall St.
Those who invested in West African Resources (ASX:WAF) five years ago are up 400%
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality...
NewsWire
Major bank’s warning on rate cut risk
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.
Reuters
Fast fashion retailer Shein hikes prices ahead of IPO
LONDON (Reuters) -Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein's average price hikes exceeded those of its rivals H&M and Zara, according to data from London-based research firm EDITED, which compared prices on June 1 with a year earlier. Shein declined to comment.
Yahoo Finance Video
Why Japanese stocks are the 'biggest opportunity' right now
Evan Tindell, the founder and chief investment officer of Bireme Capital, has approximately 40% of his assets invested in Japanese mid- to small-cap stocks. Tindell joins Catalysts to share his perspective on the opportunities within this market. Tindell advises investors to focus on the valuations of individual companies rather than solely relying on the actions of their respective central banks. This strategy has led him to identify "the biggest opportunity in Japan." Despite Japan's inflationary environment mirroring that of the United States, Tindell believes the Bank of Japan is "likely to normalize rates over a longer period of time." However, this doesn't change his outlook on the potential of Japanese stocks. As more Japanese companies shift their focus toward catering to shareholders, Tindell sees catalysts emerging in the form of share buybacks, dividend payments, and, eventually, the "opening up" of the market "for corporate control." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

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CORRECTING and REPLACING Avnet Declares Regular Quarterly Dividend

Latest stories

Chinese Trader’s $20 Million Pile of Russian Copper Goes Missing

China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

$770 cash boost coming for millions of Aussies nationwide from July 1

Tesla investors back $56bn Musk pay deal

Australia May employment tops forecasts, defying economic slowdown

136 Worst Cars You Can Buy, Ranked

Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows

China Sells 50-Year Bonds at Record-Low Yield as Demand Swells

ASX extends losses as US rate decision looms

BoJ could hike rates in July: Evercore ISI vice chairman

Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty

Broadcom soars as demand for AI chips powers forecast raise

Pimco Expects Two More BOJ Hikes This Year, Lifting JGB Returns

Exploring Three Top Dividend Stocks On Euronext Paris

UBS Nears Sale of Credit Suisse China Unit to Beijing Fund

FTSE 100 Live 14 June: Tesco sales boost ahead of AGM, Crest Nicholson updates on Bellway bid

Those who invested in West African Resources (ASX:WAF) five years ago are up 400%

Major bank’s warning on rate cut risk

Fast fashion retailer Shein hikes prices ahead of IPO

Why Japanese stocks are the 'biggest opportunity' right now