Company News for May 22, 2024

NewsWire
Why Aussies are rushing to withdraw cash
Aussies have rushed to ATMs all over the country to withdraw thousands in cash – here’s why so many are doing it.
Yahoo Finance AU
Handwritten sign reveals grim truth of how much cashless change costs you
The small business laid bare just how much customers were paying in card surcharges.
Yahoo Finance AU
$770 cash boost coming for millions of Aussies nationwide from July 1
Private health insurance customers could save hundreds of dollars when changes to rebates come into effect next month.
Yahoo Finance AU
Aussie woman $2,500 out-of-pocket after split second mistake: 'Stupid'
The woman from Brisbane is urging others to look out for the red flags she missed. Read more here.
Futurism
Elon Musk Demands Money Back From Employees He Laid Off
Clawback After firing a number of Twitter staff in Australia, the platform's new owner Elon Musk is threatening to take them to court, demanding to claw back payments after claiming the company had overpaid them. Twitter, which Musk has since renamed to X, fired much of its remaining staff stationed in Australia in January 2023. […]
BBC
Tesla investors back $56bn Musk pay deal
The multi-billionaire had campaigned for the payout, which is worth up to $56bn.
Washington Post
Russia financial system shaken after U.S. imposes new sanctions
A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system Thursday and forced Moscow’s main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin’s war against Ukraine. The sharp escalation in sanctions by the Treasury Department prompted former Russian president and prime minister Dmitry Medvedev, now a senior security official, to call on the population to “inflict maximum harm” on Western socie
Yahoo Finance Video
Tesla bulls and short sellers, French stocks pull back: Morning Brief
It's Friday morning, but even the stock market can't afford to take a three-day weekend! Morning Brief Hosts Seana Smith and Brad Smith guide investors through the leading industry stories and into the day's market open. Wall Street and tech investors are abuzz about Tesla (TSLA) and what CEO Elon Musk's pay package — valued at around $46 billion in the company's current stock price — is indicating about the future growth of the EV maker. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives details his latest forecast stipulating Tesla's market cap could be over $1 trillion in 2025. Clean Energy Transition CEO and Portfolio Manager Per Lekander later chimes in on why he believes Tesla is "the biggest stock market bubble in history" and that it could be "the next Enron." In stock news, Apple (AAPL) continues to hold the most valuable company title at the open after it's market cap surpassed Microsoft's (MSFT). France's CAC 40 (^FCHI) exchange takes a hit, falling by well over 2% as political tensions over France's snap election create unease in the market. This post was written by Luke Carberry Mogan.
Yahoo Finance
Ford vice chair John Lawler on EVs, 2024 profits, and why the automaker never abandoned hybrids
Yahoo Finance spoke to Lawler at the Deutsche Bank Global Autos Conference in midtown Manhattan this week. Here's what he said about the demand for hybrid vehicles, EV adoption, profitability, and more.
GOBankingRates
I’m a Self-Made Millionaire: Here’s What I Learned From My Biggest Money Mistake
It's easy to look at self-made millionaires and think -- simply by viewing their surface-level achievements alone -- that they must have always been good with money to get where they are today. In...
Fortune
Nvidia alone accounts for more than a third of the S&P 500’s gains this year—and it’s a big risk for investors, top economist warns
"The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns."
GOBankingRates
Jaspreet Singh Cuts Some Bitcoin — Why It Should Make You Examine Your Portfolio
In Bitcoin's inception, one coin amounted to less than a cent. Since then, the coin has ballooned to as high as $75,000, causing many to believe it is an excellent investment. However, some have...
South China Morning Post
Shanghai Technology Exchange to open Hong Kong branch as China boosts digital economy
Shanghai Technology Exchange (STEX), China's first permanent market for trading intellectual property rights to technologies, plans to open a Hong Kong branch, as the nation searches for ways to help domestic companies access global knowledge. The outpost is expected to open next year, enabling Chinese firms to buy technologies from overseas entities and raise funds, STEX chairman Xie Jihua told the South China Morning Post during a media briefing in Shanghai on Thursday. It marks the latest eff
Bloomberg
Roaring Kitty’s $262 Million Stirs Skeptics in Meme Stock Era
(Bloomberg) -- As a renewed bout of GameStop Corp. fever gripped the meme-stock faithful, fans of trading influencer Keith Gill waited for one moment: The day their hero, aka “Roaring Kitty,” aka “Deep F—-ing Value,” would become a billionaire.Most Read from BloombergSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanYes, Everyone Really Is Sick a Lot More Often After CovidWells Fargo Fires Over a Dozen for ‘Simulation of K
Bloomberg
Musk Answers Tesla Faithful With Trillion-Dollar Robot Prophesy
(Bloomberg) -- Elon Musk responded in kind to Tesla Inc. investors reapproving his massive compensation plan, offering outlandish predictions that he can enrich shareholders all over again.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealApple to ‘Pay’ OpenAI for ChatGPT T
GOBankingRates
5 Reasons Avoiding an Annuity Is a Smart Move for Your Retirement
Annuities are often recommended by advisors as good options for retirees, and in some cases, they can be appropriate. The positive features of annuities include the potential for lifelong income,...
GOBankingRates
Dave Ramsey Says To Pay Off Your Mortgage Early– But Should You?
Dave Ramsey, the renowned financial guru, has long been a proponent of financial discipline and savvy money management. This can include paying off your mortgage early, but only under specific...
Bloomberg
US Pensions Vie With Gulf Funds for First Shot at PE Deals
(Bloomberg) -- It took Scott Chan two years to convince his bosses at the California State Teachers’ Retirement System to free up more cash for lucrative investments alongside the world’s biggest private equity firms. Most Read from BloombergSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanYes, Everyone Really Is Sick a Lot More Often After CovidWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Meloni Us
NewsWire
Major bank’s warning on rate cut risk
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
NewsWire
Expert shares top tips ahead of tax time
An expert has shared the five best - and five worst - things you can do this tax time to get the best possible return.

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Company News for May 22, 2024

Latest stories

Why Aussies are rushing to withdraw cash

Handwritten sign reveals grim truth of how much cashless change costs you

$770 cash boost coming for millions of Aussies nationwide from July 1

Aussie woman $2,500 out-of-pocket after split second mistake: 'Stupid'

Elon Musk Demands Money Back From Employees He Laid Off

Tesla investors back $56bn Musk pay deal

Russia financial system shaken after U.S. imposes new sanctions

Tesla bulls and short sellers, French stocks pull back: Morning Brief

Ford vice chair John Lawler on EVs, 2024 profits, and why the automaker never abandoned hybrids

I’m a Self-Made Millionaire: Here’s What I Learned From My Biggest Money Mistake

Nvidia alone accounts for more than a third of the S&P 500’s gains this year—and it’s a big risk for investors, top economist warns

Jaspreet Singh Cuts Some Bitcoin — Why It Should Make You Examine Your Portfolio

Shanghai Technology Exchange to open Hong Kong branch as China boosts digital economy

Roaring Kitty’s $262 Million Stirs Skeptics in Meme Stock Era

Musk Answers Tesla Faithful With Trillion-Dollar Robot Prophesy

5 Reasons Avoiding an Annuity Is a Smart Move for Your Retirement

Dave Ramsey Says To Pay Off Your Mortgage Early– But Should You?

US Pensions Vie With Gulf Funds for First Shot at PE Deals

Major bank’s warning on rate cut risk

Expert shares top tips ahead of tax time