Company News for May 1, 2024

NCA NewsWire
Aussie bank ditches cash payments
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
Yahoo Finance AU
Tax warning: Aussies still paying back ATO bill could get slugged again
Mia is still paying off her unexpected tax bill - and experts warn she and millions more could get slugged again
NCA NewsWire
Awkward detail in new tax cuts
New detail on the much-anticipated stage 3 tax cuts has revealed their short-lived effect, with Aussies to be slammed by income tax once more within two years.
Bloomberg
China Builder Agile Defaults for First Time on Dollar Bonds
(Bloomberg) -- Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsFive Under-the-Radar Billionaires Making Vast For
Yahoo Finance AU
$3 billion lifeline to reduce HECS-HELP debt explained
The government has announced massive changes to the way student loan debt is paid off.
GOBankingRates
How To Generate Passive Income With Just $5,000
Passive income is a great way to boost your finances and supplement your regular earnings with little time or effort. The prospect of generating extra money in addition to your full-time job or side...
Yahoo Finance AU
Tax change gives almost every worker a pay rise - but only worth a cup of coffee for some
Big changes are happening from July 1 and there are a few features to be aware of. Use our calculator to determine how much you'll save in tax.
GOBankingRates
Wealthy Retirement: 3 Ways To Become a Millionaire by 65
If you want to become a millionaire by age 65 -- the target retirement age for many -- you need to get busy as soon as possible. The earlier you put a plan in place, the easier it will be to reach...
Bloomberg
AMC Seizes on Meme Stock Moves to Cut $164 Milllion of Debt
(Bloomberg) -- AMC Entertainment Holdings is taking advantage of its meme stock rally to reduce its debt, revisiting a playbook that helped it shore up liquidity in 2021. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US
Simply Wall St.
Volution Group (LON:FAN) Is Doing The Right Things To Multiply Its Share Price
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...
GOBankingRates
35 Useless Expenses You Need To Slash From Your Budget Now
Coming up with ways to save some extra money each month can seem impossible -- but you might be surprised by just how many unnecessary items are hiding out in your everyday expenses. Be Aware: 10...
Sky video
Thames Water investors to quit boards amid spectre of bailout
Representatives of Thames Water’s multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required to bail it out.
Yahoo Finance Video
These two factors will bring inflation to 2%: Economist
Ahead of the highly anticipated Consumer Price Index (CPI) report scheduled for release on Wednesday, PNC Financial Services Group Chief Economist Gus Faucher joins Market Domination Overtime to discuss the potential implications of future Federal Reserve rate cuts. Faucher anticipates a slowdown in the year-over-year CPI report, which he considers "good news from the Fed's perspective." However, he expects the Federal Reserve to maintain a cautious stance and keep interest rates on hold until it can observe "more definitive proof that inflation is really slowing." Faucher outlines two critical factors that need to materialize for the Fed to achieve its inflation target: "slower growth in housing costs," which has not yet been reflected in the shelter component of inflation data. And second, weaker wage growth is necessary, as these two elements combined can guide markets "back to that 2% objective." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
GOBankingRates
I’m a Boomer Retiree: Why I Have No Regrets About How I Saved and Spent My Money
When it comes to finances, it's tough to find someone with absolutely zero regrets. One study from the National Bureau of Economic Research (NBER) found that roughly 60% of older individuals -- either...
Simply Wall St.
Investing in Toro (NYSE:TTC) five years ago would have delivered you a 33% gain
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...
Reuters
World stock index set for record high, dollar dips after PPI, Powell
NEW YORK (Reuters) -MSCI's gauge of stocks across the globe was set for a record high close on Tuesday, while the U.S. dollar edged lower as investors digested U.S. producer prices data and comments from Federal Reserve Chair Jerome Powell. Data showed U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter. Powell, speaking at a banking event in Amsterdam, said the latest report on U.S. producer prices was more "mixed" than "hot" given that prior data was revised lower even as the figures for April came in higher than expected.
Simply Wall St.
Medical Facilities (TSE:DR) Is Paying Out A Dividend Of $0.09
Medical Facilities Corporation's ( TSE:DR ) investors are due to receive a payment of $0.09 per share on 1st of...
Reuters
UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes
European shares were subdued on Tuesday as investors braced for a key U.S. inflation data and Federal Reserve Chair Jerome Powell's remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber. After strong gains last week, investors are at bay for two days now ahead of the U.S. producer prices inflation data and Powell's remarks, one day prior to the market-moving consumer prices inflation data, for clues on the Fed's interest rate-cut outlook.
Yahoo Finance
Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopes
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Yahoo Finance Video
2% inflation target out of reach until services ease: Strategist
As April's Consumer Price Index (CPI) showed signs of inflation moderating, the S&P 500 (^GSPC) and NASDAQ Composite (^ICIX) reached record highs. Rabobank Senior Cross-Asset Macro Strategist Christian Lawrence joins Catalysts to discuss the latest CPI print and what it could signal for the current inflationary moment. Following today's record highs, Lawrence says, "The sensitivity to data releases is going to continue." However, he does warn of pressures like shelter inflation that will continue to challenge households nationwide. He adds, "In order to see a real slowdown in inflation particularly, it's the services measure that we really need to focus on...Without that easing, without seeing consumption start to slow, we're not going to get that 2% target." He believes that the inflation won't return to 2% in the next few years as domestic production and trade barriers remain key factors in the economy. "When it comes to shelter inflation, I don't see much relief in the coming months whatsoever. And that's going to keep that core services measure higher," Lawrence explains. He says the housing market is deadlocked as homeowners are largely unwilling to sell amid high mortgage rates. In addition, he says that rental inflation will not fall back to pre-pandemic levels. As all eyes are on the Federal Reserve's next interest rate decision, Lawrence breaks down the likelihood of cuts and the long-term health of the economy. 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

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Company News for May 1, 2024

Latest stories

Aussie bank ditches cash payments

Tax warning: Aussies still paying back ATO bill could get slugged again

Awkward detail in new tax cuts

China Builder Agile Defaults for First Time on Dollar Bonds

$3 billion lifeline to reduce HECS-HELP debt explained

How To Generate Passive Income With Just $5,000

Tax change gives almost every worker a pay rise - but only worth a cup of coffee for some

Wealthy Retirement: 3 Ways To Become a Millionaire by 65

AMC Seizes on Meme Stock Moves to Cut $164 Milllion of Debt

Volution Group (LON:FAN) Is Doing The Right Things To Multiply Its Share Price

35 Useless Expenses You Need To Slash From Your Budget Now

Thames Water investors to quit boards amid spectre of bailout

These two factors will bring inflation to 2%: Economist

I’m a Boomer Retiree: Why I Have No Regrets About How I Saved and Spent My Money

Investing in Toro (NYSE:TTC) five years ago would have delivered you a 33% gain

World stock index set for record high, dollar dips after PPI, Powell

Medical Facilities (TSE:DR) Is Paying Out A Dividend Of $0.09

UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes

Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopes

2% inflation target out of reach until services ease: Strategist