Midday movers: Broadcom, Tesla rise; MicroStrategy falls

Yahoo Finance AU
ATO reveals 10 highest-paid jobs in Australia
Ever wondered how much the other half earn? The Australian Taxation Office has revealed the incomes of the highest paying jobs.
Yahoo Finance AU
All the major money changes coming from July 1, 2024
Tax cuts, superannuation increases and Centrelink payment boosts are among the changes coming in the new financial year.
Yahoo Finance AU
2 weeks left for Aussies to claim $500: 'Free money'
Aussies have until June 30 to claim this superannuation cash boost from the government. Here’s what you need to do.
Yahoo Finance AU
Domino’s responds to customer outrage over ‘double surcharge’
Rising costs have forced many Australians to pull back on even the smallest of luxuries. But an Aussie who decided to fork out for a pizza at Domino’s wasn’t pleased when they found out they’d be copping two surcharges.
Yahoo Finance AU
Interest rate cuts: Major banks predictions ahead of RBA meeting
ANZ has broken away from the pack, with NAB, Commonwealth Bank and Westpac painting a more positive picture for Aussie borrowers.
Yahoo Finance
Latest inflation data provides potential for 'even greater upside' in the stock market rally
Positive developments in inflation data have Wall Street feeling more positive about the outlook for stocks into the end of the year.
Yahoo Finance AU
Economists issue major warning on RBA interest rate cut
Aussies may still have to wait some time before they receive mortgage relief. Here’s what the experts are saying.
Bloomberg
Foxconn Billionaire’s Eight-Year Stock Target Finally Comes True
(Bloomberg) -- Terry Gou, the billionaire founder of iPhone assembler Foxconn Technology Group, has finally reached a goal that had eluded him for about eight years.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThese Are the World’s Most Expensive Cities for Expats in 2024Hedge Funds’ Secret Weapon to Fight the SEC Lives in TexasEx-Trump Adviser Urges Him to Cut Ties With China, Restar
Sky News
Hargreaves Lansdown to seek bid extension amid CVC-led talks
Hargreaves Lansdown, the FTSE 100 personal investment platform, is expected to extend talks with a consortium of private investors who have proposed buying the company in a deal worth about £5bn. Sky News has learnt that the London-listed company is in detailed talks with the consortium, led by CVC Capital Partners, about a revised offer that would incorporate a final dividend potentially worth more than 40p-a-share. People close to the talks cautioned that the situation remained fluid ahead of a Hargreaves Lansdown board meeting which is expected to take place later on Tuesday.
Investing.com
Buffett's Berkshire Hathaway lowers stake in Chinese EV giant BYD - media reports
Investing.com -- Warren Buffett's Berkshire Hathaway (NYSE:BRKa) has offloaded 1.3 million Hong Kong-listed shares of electric vehicle giant BYD (SZ:002594) in a move worth HK$310.5 million, according to media reports.
Reuters
Australia's central bank stays the course on rates, alert to inflation risks
SYDNEY (Reuters) -Australia's central bank debated whether to raise interest rates at a policy meeting on Tuesday given there were upside risks to inflation, but decided to stay the course in a sign the hurdles to a hike remained high. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35% for a fifth straight meeting, but emphasised the need to be vigilant on inflation. "While recent data have been mixed, they have reinforced the need to remain vigilant to upside risks to inflation," the RBA Board said in a statement.
Yahoo Finance Video
Why a popular tech ETF is set to sell Apple & buy Nvidia
The Technology Select Sector SPDR Fund (XLK) may be on the verge of a rebalancing due to concerns over market concentration. As the biggest tech giants like Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT) continue to drive market gains, the ETF needs to rebalance its portfolio to meet the fund's rules. However, such a move could have far-reaching implications for the companies themselves and the broader markets. Yahoo Finance's Jared Blikre breaks down the details, shedding light on the implications for individual stocks and the overall market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Insider Monkey
Will Microsoft Corporation (MSFT) Demonstrate Resilience in a Challenging Environment?
Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500 index had the best first-quarter performance since 2019—enthusiasm over AI, robust corporate earnings, and anticipation of rate cuts fueling the rise in stock prices. […]
Investing.com
Microsoft expected to see "wave" of customer spending on AI products - Wedbush
Investing.com -- The "artificial intelligence party" for technology stocks is "just beginning" and should lead to a wave of customer spending on Microsoft (NASDAQ:MSFT)'s AI-optimized products, according to analysts at Wedbush.
Yahoo Finance AU
Common cashless act ‘screwing’ Aussies: 'Most don't know'
The finance guru is warning Aussies to look out for these hidden fees. Here’s how you can avoid them.
GOBankingRates
I’m a Financial Planning Expert: 5 Best Purchases To Make in an Economic Downturn
You're probably used to taking the economic temperature of the moment by reading headlines about impending recessions, feeling the pinch of inflation at the grocery store and reviewing your bank...
Simply Wall St.
Investors in MA Financial Group (ASX:MAF) have seen decent returns of 49% over the past five years
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is...
Yahoo Finance Video
Big Tech continues to ride high: Hidden gem picks
Big Tech names like Nvidia (NVDA) continue to make gains, sending the Nasdaq (^IXIC) soaring. Nvidia alone is up almost 165% year-to-date. Deepwater Asset Management Managing Partner Doug Clinton joins Market Domination to share his playbook for investors wanting to incorporate Big Tech into their portfolios and which lesser known stocks they should keep an eye on. Clinton elaborates on one of his hidden gem picks for tech: "We still like Arista (ANET). And it actually had a great week last week on top of those Broadcom (AVGO) earnings. Broadcom talked about strong networking demands. And they actually upped their networking revenue guidance on the reality that there is strong demand for Ethernet based products in AI data centers. Arista has built their portfolio around Ethernet. And so I think they stand to be a good beneficiary of that trend that we're seeing from Broadcom." 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
Insider Monkey
Taiwan Semi (TSM): Will this Hardware Stock Grow Faster than the Market?
We recently compiled a list of the 15 Best Hardware Stocks According to Hedge Funds. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against the other hardware stocks. With the first half of 2024 nearly over, artificial intelligence continues to play a dominant role in […]
Bloomberg
Five Key Charts to Watch in Global Commodities This Week
(Bloomberg) -- Beef fat from Brazil is finding its way into American biofuels as US processors look abroad for cheaper raw materials. Often-overlooked manganese is outshining other commodities this year. And the world is awash with electric car batteries — a situation that threatens to undermine future demand.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanS&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapThese Are the World’s Most Expensive

ALL ORDS

AUD/USD

ASX 200

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

Midday movers: Broadcom, Tesla rise; MicroStrategy falls

Latest stories

ATO reveals 10 highest-paid jobs in Australia

All the major money changes coming from July 1, 2024

2 weeks left for Aussies to claim $500: 'Free money'

Domino’s responds to customer outrage over ‘double surcharge’

Interest rate cuts: Major banks predictions ahead of RBA meeting

Latest inflation data provides potential for 'even greater upside' in the stock market rally

Economists issue major warning on RBA interest rate cut

Foxconn Billionaire’s Eight-Year Stock Target Finally Comes True

Hargreaves Lansdown to seek bid extension amid CVC-led talks

Buffett's Berkshire Hathaway lowers stake in Chinese EV giant BYD - media reports

Australia's central bank stays the course on rates, alert to inflation risks

Why a popular tech ETF is set to sell Apple & buy Nvidia

Will Microsoft Corporation (MSFT) Demonstrate Resilience in a Challenging Environment?

Microsoft expected to see "wave" of customer spending on AI products - Wedbush

Common cashless act ‘screwing’ Aussies: 'Most don't know'

I’m a Financial Planning Expert: 5 Best Purchases To Make in an Economic Downturn

Investors in MA Financial Group (ASX:MAF) have seen decent returns of 49% over the past five years

Big Tech continues to ride high: Hidden gem picks

Taiwan Semi (TSM): Will this Hardware Stock Grow Faster than the Market?

Five Key Charts to Watch in Global Commodities This Week