Company News for Apr 29, 2024

GOBankingRates
Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year
Most retirees live on a fixed income, so they look for ways to cut down on expenses and save money. This isn't always easy to do, especially if you already feel like you're living with the least...
Bloomberg
Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal
(Bloomberg) -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
Bloomberg
Gold Trims Gains as Traders Book Profit After Fresh Record
(Bloomberg) -- Gold trimmed gains as traders booked profits after prices surged to a record on increasing optimism over the Federal Reserve’s monetary policy and rising geopolitical tensions in the Middle East.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bea
Bloomberg
China’s Capital Outflow Surges to Highest Since 2016 in April
(Bloomberg) -- China’s capital outflows worsened in April, underscoring headwinds for the yuan amid a weak domestic economy and uncertainties over the Federal Reserve’s rate trajectory.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksSaudi Crown Prince Postpones Japan Trip Over King’s HealthHims Debuts $199 Weight-Loss Shots at 85% D
GOBankingRates
7 Things To Know If You Withdraw More Than $10,000 From Your Checking Account
If you've taken the advice to save as much money as in an emergency fund or other form of savings, you should feel entitled to take out money when needed. That's what it's there for, after all. Learn...
Yahoo Finance
Under Armour is collapsing — And Kevin Plank has to take the blame
The Under Armour meltdown continues.
Yahoo Finance
Stock market today: Nasdaq clinches record close, JPMorgan drags down Dow
Investors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Reuters
Anglo shareholder LGIM supports break-up plan as BHP circles
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group, which had proposed a $43 billion deal on the condition that Anglo first spins off its South African operations. "The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors," said Nick Stansbury, head of climate solutions at LGIM.
GOBankingRates
8 Ways Middle-Class People Become Poor in Retirement
After working for most of your adult life, the last thing you want to do is stress about your finances and paying hefty bills in your golden years. You want to enjoy your retirement after committing...
Investing.com
Palo Alto Networks stock drops 9% as billings outlook disappoints
Shares of Palo Alto Networks (NASDAQ:PANW) tumbled 9% as the company's soft billings outlook overshadowed its fiscal third-quarter earnings beat.
Investing.com
Bank of America explains why it’s not just about Nvidia anymore
It's not just about NVDA anymore, according to analysts at Bank of America on Monday, with the firm stating that fundamentals are broadening out.
Reuters
Morning Bid: Metals zoom as investors wait on rates
Copper and gold made record highs in Asia trade on Monday and silver surged over $30. Gold's 18% rally over the year to date has been attributed, variously, to Chinese buying, global political tension and expectations that U.S. rates will start to fall soon, seen as a boon for a metal that does not pay a yield at all.
Yahoo Finance AU
Big banks slammed for ‘abandoning’ mortgage customers
More mortgage holders are experiencing hardship as interest rates rise and cost-of-living pressures bite. And banks aren't doing enough to help them.
Bloomberg
Speedier Wall Street trades are putting global finance on edge
The time for completing a stock transaction is being halved to a single day — and that comes with risks.
GOBankingRates
4 Expenses Experts Say You Can Easily Cut in Half
If your budget is stretched to its limits, you can get some relief by reducing expenses. But where should you start? Mike Sullivan, personal financial consultant and spokesperson for Take Charge...
The Daily Beast
Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K
STR/NurPhoto via Getty ImagesTrump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public. Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year. However, it also reported a net loss of $327.6 million during the first three months of the year, as compared w
Simply Wall St.
Shareholders Are Optimistic That Meta Platforms (NASDAQ:META) Will Multiply In Value
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
BBC
'I had no choice but to get a 35-year mortgage'
With more young homebuyers opting for ultra-long mortgages, we hear from people about their personal experiences.
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
Fortune
Red Lobster files for bankruptcy
Company will sell its assets to lenders.

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Company News for Apr 29, 2024

Latest stories

Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year

Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal

Gold Trims Gains as Traders Book Profit After Fresh Record

China’s Capital Outflow Surges to Highest Since 2016 in April

7 Things To Know If You Withdraw More Than $10,000 From Your Checking Account

Under Armour is collapsing — And Kevin Plank has to take the blame

Stock market today: Nasdaq clinches record close, JPMorgan drags down Dow

Anglo shareholder LGIM supports break-up plan as BHP circles

8 Ways Middle-Class People Become Poor in Retirement

Palo Alto Networks stock drops 9% as billings outlook disappoints

Bank of America explains why it’s not just about Nvidia anymore

Morning Bid: Metals zoom as investors wait on rates

Big banks slammed for ‘abandoning’ mortgage customers

Speedier Wall Street trades are putting global finance on edge

4 Expenses Experts Say You Can Easily Cut in Half

Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K

Shareholders Are Optimistic That Meta Platforms (NASDAQ:META) Will Multiply In Value

'I had no choice but to get a 35-year mortgage'

TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor

Red Lobster files for bankruptcy