Company News for June 6, 2024

Yahoo Finance AU
Westpac’s major payment change for millions of customers
Customers now have a new way to pay for their everyday purchases, the major bank revealed.
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...
Yahoo Finance AU
Tax cut tactic delivers extra $41,000 for Aussie homeowners
Negative gearing can help get you a tax cut this year, and every year moving forward.
Simply Wall St.
Orora Limited's (ASX:ORA) Intrinsic Value Is Potentially 60% Above Its Share Price
Key Insights The projected fair value for Orora is AU$3.14 based on 2 Stage Free Cash Flow to Equity Orora's AU$1.97...
Yahoo Finance
Stock market today: S&P 500 crosses 5,500 level as Nvidia surge continues
Nvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
Bloomberg
Nvidia Agrees to Buy Software Startup Shoreline
(Bloomberg) -- Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said.Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderHedge Fund Talent Schools Are Looking for the Perfect TraderWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanCar Dealers Across US Are Crippled By a Sec
The Independent
How Nvidia took over the world – and where it goes from here
ANALYSIS: The company’s rise reveals the the underpinnings of today’s AI explosion, writes Anthony Cuthbertson
NewsWire
Major Aussie retailer in trouble
The future of an Aussie online retailer looks uncertain after it halted trading on the Australian Stock Exchange.
Reuters
AI fever drives Nvidia’s rise to world’s most valuable company
NEW YORK (Reuters) -Nvidia has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose 3.5% on Tuesday, giving it a market value of about $3.34 trillion. The surge in Nvidia's market value has been driven by demand for its chips, which are the gold standard in the AI space.
Simply Wall St.
Is It Time To Consider Buying The Walt Disney Company (NYSE:DIS)?
Let's talk about the popular The Walt Disney Company ( NYSE:DIS ). The company's shares saw significant share price...
GOBankingRates
Can Elon Musk Be Deemed Unfit as CEO? What That Could Mean for Your Tesla Stock
Calling Elon Musk a polarizing figure might be an understatement. The Tesla CEO has built multiple billion-dollar companies and made his investors incredibly wealthy. He's also threatened to...
NewsWire
Aussie fast food chain’s $3bn transformation
Ever wanted to own a Mexican fast food business? Well now you can, with burrito giant Guzman y Gomez going public today in a bid to take on kingpin McDonald’s.
Associated Press Finance
US chipmaker onsemi will invest $2 billion in a chip production facility in the Czech Republic
The U.S. chipmaker onsemi is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic, the company and the Czech government said on Wednesday. The government said the money will be invested in the company’s existing production facility in the eastern Czech town of Roznov pod Radhostem. The investment would increase production by hundreds of percent, the government said.
Bloomberg
Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years
(Bloomberg) -- It started with a cryptic quote from President Xi Jinping buried in a 172-page book on the financial sector. Three months later, plans for potentially the biggest shift in years in how China conducts monetary policy are starting to surface. Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderHedge Fund Talent Schools Are Looking for the Perfect TraderWhat to Know About the Deadly Flesh-Eat
Bloomberg
New Zealand Economy Returns to Growth, Exiting Recession
(Bloomberg) -- New Zealand’s economy exited recession with modest expansion in the first quarter.Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderHedge Fund Talent Schools Are Looking for the Perfect TraderWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanManchester United’s Jim Ratcliffe Fears for Future of Premier LeagueGross domestic product gained 0.2% from the previous quarter
Investing.com
Bernstein raises Bitcoin price target forecast to $200K, says buy the dip
Analysts at research and brokerage firm Bernstein have raised their Bitcoin price forecast to $200,000, up from their previous target of $150,000. Bitcoin and crypto-related stocks remain underrated and are ripe for institutional inflection as pessimism from past regulatory hurdles fades, the analysts wrote in a note on Thursday. "We remain convinced in our Bitcoin new cycle thesis," the analysts wrote, adding that Bitcoin has been increasingly adopted by institutional investors and global asset managers.
Fortune
Vietnam’s economy went through a ‘perfect storm’ last year, but the CEO of one of its largest banks still expects a bumper economy
The Vietnamese have “all the right to think it’ll be better,” says Jens Lottner, CEO of Techcombank, No. 114 on the Fortune Southeast Asia 500.
Reuters
Exclusive-Kaisa chairman returns to Shenzhen to meet regulators, sources say
HONG KONG (Reuters) -The chairman of defaulted Chinese developer Kaisa Group returned to mainland China from Hong Kong for the first time in almost a decade to get regulatory approval for an offshore debt restructuring, two sources familiar with the matter said. Chairman Kwok Ying Shing travelled to the southern city of Shenzhen, where Kaisa is based, for talks with officials about two months ago and is still there, one of the industry sources close to the company said. "It is a critical step for the restructuring," the person said, referring to Kwok meeting regulators as the company faces a liquidation petition in a Hong Kong court on Monday.
Insider Monkey
Is Chipotle Mexican Grill Inc (NYSE:CMG) The Best Restaurant Stock to Buy in 2024?
We recently published a list Analyst Recommends 10 Best Stocks to Diversify Your Portfolio Away from Mega-Cap Tech and AI Stocks. Since Chipotle Mexican Grill Inc (NYSE:CMG) ranks 8th on the list, it deserves a deeper look. Venu Krishna, Head of U.S. Equity Strategy & Global Equity Linked Strategies at Barclays, recently shared a basket of […]
Reuters
Amazon invests $11 billion to expand cloud and logistics in Germany
Amazon will invest 10 billion euros ($10.75 billion) as demand for its cloud services and retail goods in Europe's biggest economy keeps growing, the US technology and retail company said on Wednesday. The greater part of the sum, 8.8 billion euros, will be spent by 2026 to expand the cloud infrastructure of its computing unit Amazon Web Service (AWS), as it sees rising potential in Artificial Intelligence (AI)-driven technologies in Europe.

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Company News for June 6, 2024

Latest stories

Westpac’s major payment change for millions of customers

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

Tax cut tactic delivers extra $41,000 for Aussie homeowners

Orora Limited's (ASX:ORA) Intrinsic Value Is Potentially 60% Above Its Share Price

Stock market today: S&P 500 crosses 5,500 level as Nvidia surge continues

Nvidia Agrees to Buy Software Startup Shoreline

How Nvidia took over the world – and where it goes from here

Major Aussie retailer in trouble

AI fever drives Nvidia’s rise to world’s most valuable company

Is It Time To Consider Buying The Walt Disney Company (NYSE:DIS)?

Can Elon Musk Be Deemed Unfit as CEO? What That Could Mean for Your Tesla Stock

Aussie fast food chain’s $3bn transformation

US chipmaker onsemi will invest $2 billion in a chip production facility in the Czech Republic

Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years

New Zealand Economy Returns to Growth, Exiting Recession

Bernstein raises Bitcoin price target forecast to $200K, says buy the dip

Vietnam’s economy went through a ‘perfect storm’ last year, but the CEO of one of its largest banks still expects a bumper economy

Exclusive-Kaisa chairman returns to Shenzhen to meet regulators, sources say

Is Chipotle Mexican Grill Inc (NYSE:CMG) The Best Restaurant Stock to Buy in 2024?

Amazon invests $11 billion to expand cloud and logistics in Germany