Company News for Apr 22, 2024

Yahoo Finance AU
Resort's 'ridiculous' cashless excuse as Aussies cop $4b hit: 'Screwing over people who can least afford it'
The excuses being concocted by Australian businesses for not accepting cash are becoming more and more ridiculous.
Bloomberg
Apple’s $110 Billion Stock Buyback Plan is Largest in US History
(Bloomberg) -- In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever, saying its board approved an additional $110 billion in share repurchases. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defe
Yahoo Finance AU
Graph proves some Aussies shouldn't whine too hard about cost-of-living
The cost-of-living crisis has hit some harder than others and the pain being dished out is far from over.
Bloomberg
Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets
(Bloomberg) -- Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow
Bloomberg
Fading War Risks Push Oil to Biggest Weekly Drop Since February
(Bloomberg) -- Oil headed for its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP Picks Before Wealthy Donors in Palm BeachTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Aw
GOBankingRates
Nvidia vs. AMD Stock: Which Is a Better Investment?
The surge of artificial intelligence has buoyed markets with some stocks taking a very strong lead. Indeed, the global AI market size was estimated at a shocking $196.63 billion in 2023 and is...
Yahoo Finance AU
NAB boss reveals if bank will pass on a future RBA interest rate cut in full
Andrew Irvine said NAB 'wouldn't hold anything back' if the Reserve Bank of Australia delivered a rate cut.
Bloomberg
Amgen Soars as CEO Touts Experimental Obesity Drug Progress
(Bloomberg) -- Amgen Inc.’s shares soared after its chief executive officer said he was “very encouraged” by early results from a study of the company’s experimental obesity drug, MariTide. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP Picks Before Wealthy Donors in Palm BeachTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Mi
Simply Wall St.
Is Texas Pacific Land Corporation's (NYSE:TPL) Latest Stock Performance A Reflection Of Its Financial Health?
Texas Pacific Land (NYSE:TPL) has had a great run on the share market with its stock up by a significant 18% over the...
Reuters
Lloyd's insurers expect moderate Baltimore bridge claims
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Hiscox does not have direct exposure to the business interruption policy of the port, which is the busiest in the United States for auto shipments, or the property policy covering the bridge, the insurer said in its first-quarter trading statement. Hiscox said it was one of the reinsurers on the International Group of P&I Clubs' ship reinsurance policy, but said it expected its net loss to be "moderate", without giving further explanation.
Simply Wall St.
NeoGenomics First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
NeoGenomics ( NASDAQ:NEO ) First Quarter 2024 Results Key Financial Results Revenue: US$156.2m (up 14% from 1Q 2023...
Bloomberg
Apple’s Surprise iPhone China Growth Leaves Lingering Questions
(Bloomberg) -- Apple Inc. surprised investors with a decent beat on quarterly revenue from China, countering months of data that showed a quickening decline in iPhone sales.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP Picks Before Wealthy Donors in Palm BeachTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesC
GOBankingRates
Suze Orman Says This Is the Only Way To Be Investing in the Stock Market
Given her no nonsense approach to building wealth, it's not surprising that financial guru, Emmy-winning TV host and popular podcaster Suze Orman recommends certain risk-averse investments to her...
Reuters
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
Yahoo Finance AU
How I’m playing the stage 3 tax cuts to make extra money – immediately
Money saving expert Nicole Pedersen-McKinnon reveals the three things you need to be aware of.
Insider Monkey
25 Most Profitable Companies in the US
In this piece, we will take a look at the 25 most profitable companies in the US. If you want to skip our overview of the US economy and the current business climate, you can jump ahead to the 5 Most Profitable Companies in the US. With the second quarter of 2024 with us, Wall Street […]
Reuters
EMERGING MARKETS-Asian currencies, stocks rally as US Fed hints dovish bias
* S. Korean won up 0.9% * Taiwan stocks up 0.7% * Thai April headline CPI +0.19% yr/yr By Echha Jain May 3 (Reuters) - Asian emerging market currencies and equities rallied on Friday after the U.S. Federal Reserve indicated it was keeping a dovish tilt, ahead of U.S. nonfarm payrolls data due later in the day. The South Korean won was the biggest gainer in the region, appreciating 0.9% against the greenback. Among equities, Taiwan stocks rose 0.7% to be the top gainer in the region, while Malaysia stocks added 0.3%.
Reuters
UPDATE 2-Universal Music beats earnings forecasts after blockbuster Swift tour
Universal Music Group on Thursday reported first-quarter earnings that comfortably beat expectations, helped by the record-breaking success of its star act Taylor Swift. UMG executive were also upbeat about the label's new deal with TikTok, also announced on Thursday, which settled a dispute over artist pay and helped address wider artificial intelligence concerns in the industry. UMG, the world's biggest music label, posted adjusted core earnings (EBITDA) of 591 million euros ($632.6 million), up 15.9% year-on-year and above the 567 million euros expected by analysts in a Visible Alpha consensus shared by the company.
Bloomberg
Norway Opens Door to Rate-Cut Delay Amid Krone Weakness
(Bloomberg) -- Norway’s central bank signaled it may delay plans to begin interest-rate cuts in the autumn after the krone weakened more than officials anticipated and the Nordic economy showed more signs of resilience to high borrowing costs. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaTrump Auditions VP Picks Before Wealthy Donors in Pa
Yahoo Finance
Coinbase first quarter profits surged above $1 billion on ETF frenzy
Coinbase posted its second consecutive quarterly profit as crypto trading surged during the first three months of 2024.

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Company News for Apr 22, 2024

Latest stories

Resort's 'ridiculous' cashless excuse as Aussies cop $4b hit: 'Screwing over people who can least afford it'

Apple’s $110 Billion Stock Buyback Plan is Largest in US History

Graph proves some Aussies shouldn't whine too hard about cost-of-living

Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets

Fading War Risks Push Oil to Biggest Weekly Drop Since February

Nvidia vs. AMD Stock: Which Is a Better Investment?

NAB boss reveals if bank will pass on a future RBA interest rate cut in full

Amgen Soars as CEO Touts Experimental Obesity Drug Progress

Is Texas Pacific Land Corporation's (NYSE:TPL) Latest Stock Performance A Reflection Of Its Financial Health?

Lloyd's insurers expect moderate Baltimore bridge claims

NeoGenomics First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Apple’s Surprise iPhone China Growth Leaves Lingering Questions

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

Global hedge funds chase Hong Kong stocks rally, UBS says

How I’m playing the stage 3 tax cuts to make extra money – immediately

25 Most Profitable Companies in the US

EMERGING MARKETS-Asian currencies, stocks rally as US Fed hints dovish bias

UPDATE 2-Universal Music beats earnings forecasts after blockbuster Swift tour

Norway Opens Door to Rate-Cut Delay Amid Krone Weakness

Coinbase first quarter profits surged above $1 billion on ETF frenzy