Company News for Jun 21, 2024

Yahoo Finance AU
Dire sign in Aussie dollar spike: 'On the warpath'
Australia is "straying from the narrow path", so could that spell a recession?
Yahoo Finance AU
$1.5 million pay day using simple $10 trick: 'Worth your attention'
Finance expert Ben Nash details how to avoid tax and build your retirement nest egg with these super tricks.
Moneywise
Warren Buffett believes the vast wealth gap in America is due to 1 'inevitable consequence'
"The poor are most definitely not poor because the rich are rich."
Bloomberg
A $100 Billion Bet on China’s Economy Sours as Warehouses Empty
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts for SupportJulian Assange Leaves Court ‘Free Man,’
Yahoo Finance AU
Aussie banks issue cashless warning: ‘Going digital’
Aussies are using less and less cash with the drop recorded across ages, incomes and locations.
South China Morning Post
Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows
The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to mainland China have helped offset some of the currency's looming depreciation pressures. China's trailing 12-month net capital outflows stood at US$139 billion as of May 2024, the worst year for the figure since the period from 2016 to 2017, said the French investment bank Natixis in a presentation on Tuesday. Firms are reluctan
Simply Wall St.
Shareholders Are Optimistic That Paychex (NASDAQ:PAYX) Will Multiply In Value
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
NewsWire
Dire warning of several rate hikes this year
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
Insider Monkey
The Biggest Economy in the World by the End of 2024
We recently compiled a list of the 50 Biggest Economies in the World by the End of 2024 and in this article we will look at the country that topped our rankings. A Brief Analysis of the World Economic Outlook According to the United Nations, the global economic outlook has improved since January. The global […]
NewsWire
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
Insider Monkey
The Wealthiest Person in Singapore
We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. An Outlook of the Singaporean Economy According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP […]
Bloomberg
Nvidia Rout Takes Breather as Traders Scour Charts for Support
(Bloomberg) -- Nvidia Corp. shares showed signs of steadying after a $430 billion selloff sent traders searching for signals as to where the bottom may be.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Free Man,’ Ending 14-Year DramaThe stock rose
Yahoo Finance Video
Dot-com bubble feels 'very similar' to today's environment
With Nvidia up over 154% year to date, Stifel managing director and chief equity strategist Barry Bannister joins Morning Brief to give insight into Nvidia's (NVDA) recent moves and how the tech giant reminds him of Cisco's (CSCO) performance during the dot-com bubble. "What happened with Cisco (CSCO) is, and same thing happened to Microsoft (MSFT), and Amgen (AMGN) and a number of other big cap stocks, is their PE multiple was too high and they earned into it over the course of the next 15 years. So the earnings went up dramatically, as was expected. This happened with the nifty 50 stocks in the early 70s. They earned very well, but their PE multiples were too high ... those companies had these mid-30s, 40-time multiples. They earned into it over the course of a decade," Bannister explains. He outlines the similarities between the dot-com bubble and the AI sector today: "But what we have today is extreme optimism on new technology. Then it was the internet, now it's AI. Narrow markets, increasingly narrow markets with a high valuation. Equity ownership was very high. And the day traders and all that. I'm just saying that you have to have been there 25 years ago to remember that it was a very similar feeling environment today." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Simply Wall St.
Companies Like QuinStreet (NASDAQ:QNST) Can Afford To Invest In Growth
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Simply Wall St.
Ralph Lauren (NYSE:RL) Is Paying Out A Larger Dividend Than Last Year
The board of Ralph Lauren Corporation ( NYSE:RL ) has announced that it will be paying its dividend of $0.825 on the...
Reuters
Interactive Brokers reveals $48 million loss from NYSE glitch
The brokerage had filed claims with the NYSE to compensate it for these losses, but the exchange denied its ask, Interactive said. Outages caused by software and hardware malfunction have become common as trading moved from floors and pits to electronic systems, but glitches can roil markets and frustrate investors. Interactive said its losses stemmed from an attempt by its clients to take advantage of the massive drop in Berkshire's stock price.
GOBankingRates
6 Money Moves To Make When Your 401(k) Hits $1 Million
The first thing to do if your 401(k) hits $1 million is to pat yourself on the back. Most Americans struggle with saving for retirement, and only a small percentage reach the mythical seven-digit...
Moneywise
'It's a money pit': Peter Schiff says a house 'depletes your savings' and renting is better for many Americans
The economist famously predicted the 2008 housing crash.
Fortune
The U.S. is about to get slammed by a ‘very active’ hurricane season—but the carnage could be good news for these five insurance stocks, analyst says
“If this grim forecast comes to fruition, it will likely buoy pricing” for insurance, says CFRA Research’s Catherine Seifert.
Bloomberg
Micron’s Selloff Highlights Risk of Sky-High AI Expectations
(Bloomberg) -- Micron Technology Inc.’s post-results selloff sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence chipmakers.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch f

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Company News for Jun 21, 2024

Latest stories

Dire sign in Aussie dollar spike: 'On the warpath'

$1.5 million pay day using simple $10 trick: 'Worth your attention'

Warren Buffett believes the vast wealth gap in America is due to 1 'inevitable consequence'

A $100 Billion Bet on China’s Economy Sours as Warehouses Empty

Aussie banks issue cashless warning: ‘Going digital’

Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows

Shareholders Are Optimistic That Paychex (NASDAQ:PAYX) Will Multiply In Value

Dire warning of several rate hikes this year

The Biggest Economy in the World by the End of 2024

Aussie shares sink on inflation shock, hike fears

The Wealthiest Person in Singapore

Nvidia Rout Takes Breather as Traders Scour Charts for Support

Dot-com bubble feels 'very similar' to today's environment

Companies Like QuinStreet (NASDAQ:QNST) Can Afford To Invest In Growth

Ralph Lauren (NYSE:RL) Is Paying Out A Larger Dividend Than Last Year

Interactive Brokers reveals $48 million loss from NYSE glitch

6 Money Moves To Make When Your 401(k) Hits $1 Million

'It's a money pit': Peter Schiff says a house 'depletes your savings' and renting is better for many Americans

The U.S. is about to get slammed by a ‘very active’ hurricane season—but the carnage could be good news for these five insurance stocks, analyst says

Micron’s Selloff Highlights Risk of Sky-High AI Expectations