Company News for Jun 24, 2024

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."
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.
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.
The Independent
Mortgage costs to jump for 3m more households, says Bank of England
Up to 400,000 households will see ‘very large increases’ of more than 50 per cent in mortgage repayments
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...
Yahoo Finance AU
ANZ’s major $4.9 billion Suncorp takeover gets tick of approval: 'Significant milestone'
Treasurer Jim Chalmers has given his tick of approval for the major banking takeover.
Bloomberg
Nvidia Retail Craze Unleashes Big Moves in the World of ETFs
(Bloomberg) -- From the growth of get-rich-quick schemes to becoming a make-or-break factor for outperformance, Nvidia Corp.’s latest market roller coaster is a cautionary tale of the importance of the AI chip-maker in the $9.2 trillion US ETF complex.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 Pa
Simply Wall St.
J D Wetherspoon (LON:JDW) Has More To Do To Multiply In Value Going Forward
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
StockStory
AeroVironment (NASDAQ:AVAV) Exceeds Q1 Expectations But Stock Drops
Aerospace and defense company AeroVironment (NASDAQGS:AVAV) reported Q1 CY2024 results topping analysts' expectations, with revenue up 5.9% year on year to $197 million. On the other hand, the company's full-year revenue guidance of $805 million at the midpoint came in slightly below analysts' estimates. It made a non-GAAP profit of $0.43 per share, down from its profit of $0.99 per share in the same quarter last year.
CNN Business
The Nvidia spell has been broken. Here’s what could come next
Nvidia stock is back on the road to recovery, but investors have come face-to-face with a potentially bubble-bursting truth: Every stock can fall.
Sky News
Mortgage repayments set to rise for three million households, says Bank of England
Around three million UK households will see their mortgage repayments rise over the next two years as high interest rates continue to take effect, the Bank of England has said. As many as 400,000 homes are likely to experience "very large increases" of more than 50%, its financial policy committee said. Interest rates have been brought to a near two-decade high of 5.25% in an effort to clamp down on price rises behind the cost of living crisis.
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.
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...
Yahoo Finance Video
Amazon's $2T market cap, jobless claims: Market trends
Yahoo Finance's Josh Schafer joins Asking for a Trend to break down his biggest takeaways from the trading day. Amazon has reached a $2 trillion market capitalization for the first time, making it the fifth tech company in the US to do so. Schafer is also focused on weekly jobless claims. The data is set to be released Thursday at 8:30 a.m. ET, and he notes that the last month of data has been higher. He explains that another hotter-than-expected print could be cause for concern: "As people get laid off, they're going to go and file for unemployment benefits at some point, most likely. So you start to get a little bit more sense of what's actually happening. This is one of the key indicators when people talk about recession risk, if jobless claims tick up. That's where the big concern hits." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
GOBankingRates
I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business
There are various reasons why someone may want to start a business in their golden years. Perhaps they're retired and miss the workforce. Maybe they've always nurtured a passion for entrepreneurship...
Insider Monkey
NVIDIA Corporation (NVDA) Jumped on Booming Demand for AI Products
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. Risk assets continued to rise while market volatility remained low in the first quarter, perhaps indicating that investors are becoming somewhat complacent. In the quarter, the fund appreciated 5.46% […]
Evening Standard
Race out of recession picks up speed but house prices fall as mortgage time bomb ticks
Growth revised higher for the first quarter but millions face end of fixed-rate deals
Fortune
Departing Nvidia VP salutes Jensen Huang’s leadership, and pinpoints the 3 key principles he taught her
After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.
Fortune
FedEx stock rockets almost 16% on earnings beat—and BofA boosts its price target
The company also plans to complete a review of FedEx Freight by the end of the calendar year.
Yahoo Finance Video
Why the Fed is closely watching the labor market: Strategist
Initial jobless claims for the week ending on June 22 declined to 233,000, a decrease of 6,000 from the previous week. The print pointed to a potential cooling in the job market, raising questions about its implications for Federal Reserve policy and the broader inflation landscape. Crossmark Global Investments chief market strategist Victoria Fernandez joins Catalysts to provide insights on these developments. Fernandez observes that recent economic indicators have been "coming in weaker than expected," though she maintains that a handful of softer prints are unlikely to alter the Fed's current stance on rate adjustments. However, Fernandez emphasizes that the labor market "is the element they are watching right now," particularly focusing on whether it will "weaken enough to where it affects consumer spending." Regarding factors that will influence the Fed's next decision, Fernandez highlights the importance of the upcoming labor report. She notes, "I think there will be a lot of focus... on job openings, on job quits." Fernandez adds that core inflation metrics will play a crucial role in shaping the Fed's policy decisions. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

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Company News for Jun 24, 2024

Latest stories

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

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

Aussie banks issue cashless warning: ‘Going digital’

Mortgage costs to jump for 3m more households, says Bank of England

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

ANZ’s major $4.9 billion Suncorp takeover gets tick of approval: 'Significant milestone'

Nvidia Retail Craze Unleashes Big Moves in the World of ETFs

J D Wetherspoon (LON:JDW) Has More To Do To Multiply In Value Going Forward

AeroVironment (NASDAQ:AVAV) Exceeds Q1 Expectations But Stock Drops

The Nvidia spell has been broken. Here’s what could come next

Mortgage repayments set to rise for three million households, says Bank of England

Dire warning of several rate hikes this year

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

Amazon's $2T market cap, jobless claims: Market trends

I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business

NVIDIA Corporation (NVDA) Jumped on Booming Demand for AI Products

Race out of recession picks up speed but house prices fall as mortgage time bomb ticks

Departing Nvidia VP salutes Jensen Huang’s leadership, and pinpoints the 3 key principles he taught her

FedEx stock rockets almost 16% on earnings beat—and BofA boosts its price target

Why the Fed is closely watching the labor market: Strategist