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.
Reuters
Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.
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
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...
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
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,...
Simply Wall St.
EML Payments (ASX:EML) shareholders have endured a 76% loss from investing in the stock three years ago
It's not possible to invest over long periods without making some bad investments. But you have a problem if you face...
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’Beaches o
GOBankingRates
7 Common Mistakes That Will Keep You From Retiring Wealthy
Proper planning is crucial if you want to retire wealthy. Here are some common mistakes you’ll want to avoid, as they can seriously deter your plans.
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.
Bloomberg
Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty
(Bloomberg) -- The yen fell and Japanese sovereign bonds advanced after the Bank of Japan said it would reduce debt purchases but delayed providing details until its next policy meeting.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinApple to ‘Pay’ OpenAI for ChatGPT Thro
Simply Wall St.
Reliance Worldwide Corporation Limited (ASX:RWC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
It is hard to get excited after looking at Reliance Worldwide's (ASX:RWC) recent performance, when its stock has...
Reuters
Oil dips, but posts weekly gain on solid 2024 demand outlook
NEW YORK (Reuters) -Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. Brent crude futures settled down 13 cents at $82.62 a barrel, while West Texas Intermediate (WTI) U.S. crude futures were down 17 cents at $78.54. Both benchmarks slipped after a survey showed U.S. consumer sentiment weakened in June to a seven-month low.

ALL ORDS

ASX 200

AUD/USD

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

AUD/EUR

AUD/NZD

NZX 50

NASDAQ

FTSE

Dow Jones

DAX

Hang Seng

NIKKEI 225

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

Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows

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

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

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

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

EML Payments (ASX:EML) shareholders have endured a 76% loss from investing in the stock three years ago

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

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

7 Common Mistakes That Will Keep You From Retiring Wealthy

Major bank’s warning on rate cut risk

Expert shares top tips ahead of tax time

Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty

Reliance Worldwide Corporation Limited (ASX:RWC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Oil dips, but posts weekly gain on solid 2024 demand outlook