Brown-Forman Corporation (BF-B) Fell as It Posted Slow Revenue Growth

Yahoo Finance AU
Woolworths worker rages about note posted in lunchroom on company profit: 'Like we are falling for that'
The worker felt compelled to publish the memo because 'we all felt ripped off'.
a day ago
Yahoo Finance AU
RBA has gone too far and nervous nellies should admit it as interest rises don't impact these crushing costs
Interest rate hikes would have very little if any, impact on the price of tobacco, petrol, food, alcohol or child care. So why are they deemed the answer?
a day ago
Reuters
Australian retailer Woolworths to sell $303 million stake in Endeavour Group
(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.
6 hours ago
Reuters
Trump raises stake in his media firm to nearly 65%
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.
7 hours ago
Bloomberg
Bitcoin Faces Worst Month Since FTX Crash With ETF Demand Cooling
(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,
8 hours ago
Reuters
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
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.
21 hours ago
Bloomberg
Wall Street Hit by Fed Jitters to Close Wild April: Markets Wrap
(Bloomberg) -- The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer.Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsWall Street Hit by Fed Jitters to Close Wild April: Markets WrapBinance and CZ’s Fortunes Are Set to Grow, Even in JailPot Stocks Surge on Report DEA Set t
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Bloomberg
Tesla Gives Back Some of $82 Billion Gain From Tentative China Deal
(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
13 hours ago
Bloomberg
Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues
(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
12 hours ago
Yahoo Finance AU
Commonwealth Bank pushes back interest rate cut prediction in devastating warning to Aussie borrowers
The Commonwealth Bank was the only of the big four still forecasting a cut in September, but now borrowers are being warned to 'plan for a hike'.
a day ago
Reuters
Caterpillar to delist shares from two European exchanges
The company's shares will be delisted from Euronext Paris on May 28 and the SIX Swiss Exchange before the end of 2024, after which it will only trade on the New York Stock Exchange, its primary listing. Significantly low trading volumes, costs and administrative requirements related to the listing of the stock on European exchanges were some of reasons that were considered for the delisting, it said. Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take a hit from dealers tightening equipment inventories, sparking worries that a months-long boom in machinery demand may be coming to an end.
a day ago
Yahoo Finance Video
China is directly shaping Apple and Tesla. Here's how.
Apple (AAPL) has faced several challenges recently, including a loss of market share to Huawei in China. According to data from Counterpoint Research, iPhone sales fell over 19% within the first 3 months of 2024. Tesla CEO Elon Musk (TSLA) recently wrapped up a trip to China, where he secured tentative approval from Chinese officials to roll out the company's self-driving software in the country — a boon for Tesla as it struggles with increased competition in the Chinese EV market. Yahoo Finance Anchor Akiko Fujita joins Catalysts to break down how China is directly impacting both of these tech giants, which have faced mounting challenges in the region. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
a day ago
Yahoo Finance Video
McDonald's has 'outpriced' customers amid menu hikes: Analyst
McDonald's (MCD) first-quarter earnings report showcased a combo meal of international headwinds, including global sales growth slowing behind figures from this time last year and boycotts related to the ongoing Israel-Palestine conflict. Additionally, inflation and rising menu prices are taking a toll on lower-income consumers. On the fast-food chain's earnings call, McDonald's CEO Chris Kempczinski stated that "consumers continue to be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending." Placer.ai Head of Analytical Research R.J. Hottovy sits down with Catalysts to discuss whether McDonald's item prices are beginning to price out certain consumer demographics. Placer.ai data found McDonald's to maintain higher monthly foot traffic growth over the past year than its competition. "Right now consumers are really focused on value, and not just discounts. I think that low price point is something that they're certainly focused in on," Hottovy says. "We've seen groups that really market around a low price point, generally a higher visitation trade. And so I think that's what McDonald's may be pivoting to in the future. There's a lot of discussion about future value plans in the US and abroad in the earnings call today. I think that's really going to be a key message..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
12 hours ago
GOBankingRates
Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
9 hours ago
Reuters
EV maker Polestar to delay fourth-quarter results for a second time
Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company said on Tuesday. Polestar did not provide a date for the release but said it still intends to publish first-quarter financial results on May 23. Polestar also requires more time to complete work related to the internal control of its financial reporting as per the Sarbanes-Oxley Act of 2002, the spokesperson said.
8 hours ago
Yahoo Finance Video
Markets are hanging on to 'overvalued' tech: Strategist
Monday marks the start of a busy week for Wall Street, with a slew of data releases set to shape market dynamics. Big Tech earnings, the highly anticipated Federal Open Market Committee (FOMC) meeting, and the closely watched jobs report are all scheduled to unfold. Wells Fargo Senior Global Market Strategist Scott Wren joins The Morning Brief to provide insights into how these developments might impact markets and the Federal Reserve's rate cut outlook. With the FOMC meeting and decision announcement slated for Wednesday, Wren believes "we're not going to see any surprises," predicting that the higher-for-longer interest rate environment will likely persist. He believes that two rate cuts could materialize in 2024, starting in September. The next most likely scenario is "fewer cuts, not more," Wren says. As the Big Tech earnings season continues to unfold this week, Wren believes the tech and communications services sectors are "overvalued." However, he acknowledges that with industry heavyweights like Microsoft (MSFT) driving market rallies post-earnings, "clearly the market is going to hang on results" for a few days. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
2 days ago
Associated Press Finance
Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won't be renewed because their insurance company has deemed the risk too high. Insurance providers, state regulators and researchers are grappling with how to keep the insurance companies in business while keeping residents and their properties insured and protected. “I think most of the insurers, you know, I’m very grateful that they’re committed to the Hawaii market, so we haven’t seen wholesale withdrawals,” after the Aug. 8, 2023 fire burned through Lahaina and killed 101 people, Hawaii Insurance Commissioner Gordon Ito said during a Wildfire Risk Forum for insurance commissioners held at the National Interagency Fire Center in Boise, Idaho.
a day ago
Simply Wall St.
PolyNovo's (ASX:PNV) investors will be pleased with their respectable 97% return over the last five years
Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make...
a day ago
Simply Wall St.
Investing in Monster Beverage (NASDAQ:MNST) five years ago would have delivered you a 74% gain
The simplest way to invest in stocks is to buy exchange traded funds. But the truth is, you can make significant gains...
6 hours ago
Reuters
INDIA RUPEE-Rupee subdued tracking Asian peers, bias seen tilted lower
The Indian rupee was little changed on Tuesday, tracking subdued moves in its Asian peers, with traders expecting the local currency to trade with a slight depreciation bias heading into the U.S. Federal Reserve's policy decision. The dollar index was up 0.1% at 105.8, while most Asian currencies were rangebound. The Fed will deliver its policy decision on Wednesday and while it is widely expected to keep rates unchanged, investors will pay attention to remarks from Chair Jerome Powell for cues on policymakers' thinking about the future path of policy rates.
a day ago

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Brown-Forman Corporation (BF-B) Fell as It Posted Slow Revenue Growth

Latest stories

Woolworths worker rages about note posted in lunchroom on company profit: 'Like we are falling for that'

RBA has gone too far and nervous nellies should admit it as interest rises don't impact these crushing costs

Australian retailer Woolworths to sell $303 million stake in Endeavour Group

Trump raises stake in his media firm to nearly 65%

Bitcoin Faces Worst Month Since FTX Crash With ETF Demand Cooling

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

Wall Street Hit by Fed Jitters to Close Wild April: Markets Wrap

Tesla Gives Back Some of $82 Billion Gain From Tentative China Deal

Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues

Commonwealth Bank pushes back interest rate cut prediction in devastating warning to Aussie borrowers

Caterpillar to delist shares from two European exchanges

China is directly shaping Apple and Tesla. Here's how.

McDonald's has 'outpriced' customers amid menu hikes: Analyst

Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends

EV maker Polestar to delay fourth-quarter results for a second time

Markets are hanging on to 'overvalued' tech: Strategist

Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing

PolyNovo's (ASX:PNV) investors will be pleased with their respectable 97% return over the last five years

Investing in Monster Beverage (NASDAQ:MNST) five years ago would have delivered you a 74% gain

INDIA RUPEE-Rupee subdued tracking Asian peers, bias seen tilted lower