Company News for June 14, 2024

Yahoo Finance AU
Nvidia suffers biggest loss in world history after $646 billion bloodbath: 'This is a concern'
After reaching incredible heights, concern is brewing for the AI and microchip company.
Yahoo Finance AU
Young Aussie bucks cashless trend and reveals insane results: 'Gone through the roof'
Matt Hey can't believe the impact using cash has had on his bank account.
Yahoo Finance AU
$700 cost-of-living credit coming for millions from next week
Millions of Aussies will be receiving an electricity bill rebate from next week. Here’s how to claim it.
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,’
SmartAsset
I Want to Retire at 60. Will $300,000 in Savings Be Enough?
The short answer to this question is, “Yes, provided you are prepared to accept a modest standard of living.” To get an an idea of what a 60-year-old individual with a $300,000 nest egg faces, our list of factors to check includes … Continue reading → The post Can I Retire at 60 With $300,000? appeared first on SmartAsset Blog.
Sky News
Your rights when a new car keeps breaking down
It has been back to Land Rover dealership six times for the same issue that has still not been resolved and the car is unusable as this issue is the hybrid system does not want to engage. After that, the onus is on the retailer - in this case the dealership, with whom Adam has a contract (not Jaguar Land Rover itself) - to prove the goods were not faulty when sold, and this onus lasts up to six months.
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
India’s New Finance Hub in Gujarat Eyes Real-Time Dollar Settlement by 2025
(Bloomberg) -- Real-time dollar settlement in India’s newest financial hub in Gujarat is likely to become operational later this year or by early 2025, according to a senior official, a step that could burnish the country’s appeal to foreign investors. Most Read from BloombergNvidia Rout Takes Breather as Traders Scour Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Mar
GOBankingRates
I’m a Passive Income Enthusiast: 6 Methods That Are Making Me Rich
Every wise finance article on the internet will share one common piece of advice: Don't put all your eggs in one basket when it comes to investing. Diversifying, according to experts, is one of...
NewsWire
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Bloomberg
High RBA Rates Driving Some Home Borrowers to Sell, Kent Says
(Bloomberg) -- Australian households with stretched finances are increasingly opting to sell their property to pay off home loans at a time of elevated interest rates, a senior Reserve Bank official said. 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 Cour
CNN Business
Fed officials are talking down the chance of rate cut this year
At the beginning of the year, Federal Reserve officials projected they would cut interest rates three times this year. By June, they had lowered that projection to just one cut.
Yahoo Finance
The most important stock market chart of 2024: Morning Brief
Tech stocks have dominated the conversation on Wall Street this year. They've dominated returns for investors too.
Yahoo Finance
A small group of tech stocks is driving the market rally — why that's 'not a flaw'
Wall Street strategists are arguing the stock market rally's next leg higher doesn't need broader participation.
Simply Wall St.
An Intrinsic Calculation For nLIGHT, Inc. (NASDAQ:LASR) Suggests It's 34% Undervalued
Key Insights The projected fair value for nLIGHT is US$17.20 based on 2 Stage Free Cash Flow to Equity Current share...
Yahoo Finance Video
Bitcoin on track for third worst week of 2024. Here's why.
Bitcoin (BTC-USD) is headed for its third worst week of the year as the crypto market is under pressure. Marathon Digital Holdings (MARA) CEO Fred Thiel joins Catalysts to discuss bitcoin's movement and how Marathon Digital Holdings handles the cryptocurrency's volatility. Thiel points to several issues facing bitcoin that are causing an increased supply in the market. First, Germany's criminal bureau is selling about 50,000 BTC. Japanese bitcoin exchange Mt. Gox is set to distribute a large volume of bitcoin in July as part of its bankruptcy. In addition, miners are selling large amounts of bitcoin to continue to fund and expand their operations. Thiel states that "bitcoin is historically very volatile," adding that Marathon Digital Holdings has a "very strong balance sheet" to deal with the cryptocurrency's swings. He explains that Marathon is focused on diversifying the business, starting a technology division to focus on areas getting a boost from bitcoin mining and the AI race, such as liquid cooling. He adds that the business is also focused on energy harvesting, leveraging bitcoin mining to generate new revenue streams. Thiel points to Marathon's recent initiative in Finland to heat 11,000 homes with the heat from its data center. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
StockStory
Nvidia (NVDA) Shares Skyrocket, What You Need To Know
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 6.4% in the afternoon session after the stock rebounded after shedding more than $400b in market cap since the previous week. We'd note that there were no specific fundamental reasons driving today's move, just as there were no major ones driving the decline in the stock in the last week or so. The last major fundamental datapoint we have on the company was May 22, 2024, when Nvidia reported Q1'2024 earnings that were quite
Reuters
US dollar's dominance secure, BRICS see no progress on de-dollarization -report
The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council's GeoEconomics Center shows. The group's "Dollar Dominance Monitor" said the dollar continued to dominate foreign reserve holdings, trade invoicing, and currency transactions globally and its role as the primary global reserve currency was secure in the near and medium term. Dollar dominance — the outsized role of the U.S. dollar in the world economy — has been strengthened recently given the robust U.S. economy, tighter monetary policy and heightened geopolitical risks, even as economic fragmentation has strengthened a push by BRICS countries to shift into other international and reserve currencies.
NewsWire
Aussies warned over major tax mistake
Experts are warning ATO impersonation scams are on the rise ahead of the end of financial year.
Evening Standard
'Expect further reductions': Barclays cuts mortgage rates in move likely to be followed by other lenders
The move follows an easing of swap rates in the City ahead of an expected Bank of England rate cut in August

ALL ORDS

AUD/USD

ASX 200

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

Company News for June 14, 2024

Latest stories

Nvidia suffers biggest loss in world history after $646 billion bloodbath: 'This is a concern'

Young Aussie bucks cashless trend and reveals insane results: 'Gone through the roof'

$700 cost-of-living credit coming for millions from next week

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

I Want to Retire at 60. Will $300,000 in Savings Be Enough?

Your rights when a new car keeps breaking down

The Wealthiest Person in Singapore

India’s New Finance Hub in Gujarat Eyes Real-Time Dollar Settlement by 2025

I’m a Passive Income Enthusiast: 6 Methods That Are Making Me Rich

Aussie shares leap higher in rebound rally

High RBA Rates Driving Some Home Borrowers to Sell, Kent Says

Fed officials are talking down the chance of rate cut this year

The most important stock market chart of 2024: Morning Brief

A small group of tech stocks is driving the market rally — why that's 'not a flaw'

An Intrinsic Calculation For nLIGHT, Inc. (NASDAQ:LASR) Suggests It's 34% Undervalued

Bitcoin on track for third worst week of 2024. Here's why.

Nvidia (NVDA) Shares Skyrocket, What You Need To Know

US dollar's dominance secure, BRICS see no progress on de-dollarization -report

Aussies warned over major tax mistake

'Expect further reductions': Barclays cuts mortgage rates in move likely to be followed by other lenders