Company News for May 23, 2024

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.
Yahoo Finance
Stock market today: S&P 500, Nasdaq slip from records as Nvidia dips
Nvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
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 Video
Interest rate cuts could 'dramatically increase' home prices
Housing starts and building permits data for May came in below expectations as mortgage rates continue to remain high. Pulte Capital CEO Bill Pulte and S&P Global Ratings Homebuilders Director Maurice Austin join Morning Brief to discuss the state of the housing market and its relationship to ongoing rate pressures. "I think it's a little bit of a speed bump. The housing market is very strong. It continues to be very strong," Pulte explains. He notes that big home builders — such as PulteGroup (PHM), which his family originally founded — are in a good position as they "have a balance sheet, have access to the mortgage bond market and, frankly, are taking market share right now." As the market awaits an interest rate cut from the Federal Reserve, Pulte adds that a cut will "dramatically increase" the price of homes. With more people being able to afford mortgages, demand could skyrocket, creating an affordability issue. Austin adds, "What we've seen is the level of sales incentives remain elevated, and they will continue to be so as long as rates stay higher for longer, which ultimately could lead to negative profitability on the homebuilder side." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
GOBankingRates
Jaspreet Singh Says This Is How the Top 1% Manage Their Wealth
Finance YouTuber Jaspreet Singh (of "Minority Mindset" fame) created a popular video describing how the 1% manage their wealth. It all starts with increasing wealth through multiple streams of income....
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...
Bloomberg
SoftBank’s Masayoshi Son Is Ready for Next Big Bet After Hiatus
(Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son declared he’s ready to swing for the fences when he makes his next big tech bet, suggesting the Japanese conglomerate is on the cusp of making a major investment in AI.Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackCDK Tells Car Dealers Their Systems Likely Offline Several DaysPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderUnited Airlines Jet Turns Back After Engine Piece Falls OffHedge F
GOBankingRates
Here Are 5 Things You Should Only Pay For in Cash
Banks issue rewards credit cards for all kinds of spending categories, from flights, hotels, rental cars and entertainment to groceries, dining, warehouse clubs and e-commerce. With all of the various...
NewsWire
Major Aussie retailer in trouble
The future of an Aussie online retailer looks uncertain after it halted trading on the Australian Stock Exchange.
GOBankingRates
10 Expensive US Locations Where $100 Is Worth the Least
Inflation, high costs of living and soaring rates have all put a dent in many Americans' savings. And in some locations across the country, the toll on consumers' finances is further aggravated by the...
Simply Wall St.
SIX Swiss Exchange Spotlight On Growth Companies With High Insider Ownership In June 2024
As the Swiss market experiences modest fluctuations, with the SMI showcasing slight gains amidst cautious investor sentiment ahead of key policy announcements, it becomes increasingly important to spotlight characteristics that might hint at resilience and potential growth. In this context, companies with high insider ownership often suggest a commitment from those who know the business best, potentially aligning well with investors looking for stability in uncertain times.
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.
The Independent
UK interest rates: Bank of England announces interest rate decision after fall in inflation
Bank decision on interest rates comes a day after inflation fell to 2%
Yahoo Finance AU
Wild details revealed as 28-year-old builds Australia's most expensive home
New plans for billionaire Ed Craven’s Toorak mansion have been revealed.
Insider Monkey
Here is What Jim Cramer Said About Nvidia Corp (NASDAQ:NVDA)
We recently published a list of Jim Cramer Latest Portfolio: 10 Best Stocks to Buy. Since Nvidia Corp (NASDAQ:NVDA) ranks 1st on the list, it deserves a deeper look. Jim Cramer in his latest program talked about discipline during short-term market rallies and emphasized the importance of knowing when to take some profits off the table […]
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
Yahoo Finance AU
Westpac hikes credit card interest rates: 'Wake-up call'
Interest rate hikes are kicking in today and customers are being urged to do a credit card “health check”.
Bloomberg
China Loosens Grip on Yuan With Weakest Fixing Since November
(Bloomberg) -- China set the yuan’s daily reference rate at its weakest since November in a sign policymakers are loosening their grip on the currency.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 LeagueThe Pe
Simply Wall St.
Unveiling Three Hong Kong Dividend Stocks With Yields Up To 7.6%
Amidst a fluctuating global economic landscape, Hong Kong's market has shown resilience, reflecting broader trends seen in major indices worldwide. As investors navigate these conditions, dividend stocks remain appealing for their potential to offer steady income streams and relative stability.
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.

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Company News for May 23, 2024

Latest stories

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

Stock market today: S&P 500, Nasdaq slip from records as Nvidia dips

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

Interest rate cuts could 'dramatically increase' home prices

Jaspreet Singh Says This Is How the Top 1% Manage Their Wealth

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

SoftBank’s Masayoshi Son Is Ready for Next Big Bet After Hiatus

Here Are 5 Things You Should Only Pay For in Cash

Major Aussie retailer in trouble

10 Expensive US Locations Where $100 Is Worth the Least

SIX Swiss Exchange Spotlight On Growth Companies With High Insider Ownership In June 2024

Aussie fast food chain’s $3bn transformation

UK interest rates: Bank of England announces interest rate decision after fall in inflation

Wild details revealed as 28-year-old builds Australia's most expensive home

Here is What Jim Cramer Said About Nvidia Corp (NASDAQ:NVDA)

New Zealand Economy Returns to Growth, Exiting Recession

Westpac hikes credit card interest rates: 'Wake-up call'

China Loosens Grip on Yuan With Weakest Fixing Since November

Unveiling Three Hong Kong Dividend Stocks With Yields Up To 7.6%

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