Company News for May 24, 2024

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
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.
NewsWire
‘Sleeper issue’ could hit millions of Aussies
There is one fear plaguing the vast majority of working Australians, and experts say it’s not going away.
Fortune
Cathie Wood’s stunning new $2,600 Tesla prophecy and Wall Street’s Nvidia stock prediction share an often overlooked investing truth
Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.
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."
Yahoo Finance AU
Costly mistake 65 per cent of Aussies make when paying painful insurance bill
Money saving expert Joel Gibson shares the easy ways you can claw back cash.
Moneywise
‘I’m counting on this income’: Single mom in NC faces squatter nightmare after Airbnb guests refuse to leave
She’s relying on that rent to put her son through college.
Moneywise
South Florida condo owners are dumping their homes after getting slapped with six-figure special assessments
One real estate expert says, “this is just the beginning.”
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.
Associated Press Finance
Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal
Toyota’s chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board. The vote expected at the June 18 annual shareholders meeting comes after Toyota apologized recently over fraudulent certification tests for vehicles, a major embarrassment for a company that prides itself on a reputation for excellent quality. The raft of problems at Japanese automakers including Toyota are said not to involve any safety problems and no recalls were announced.
South China Morning Post
Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform
Huawei Technologies' mobile platform HarmonyOS has overtaken Apple's iOS to become the second-biggest mobile operating system in mainland China in the first quarter, according to the latest market data from Counterpoint Research. HarmonyOS accounted for a 17 per cent share in the first quarter to surpass iOS for the first time in the world's biggest smartphone market, as strong domestic demand for Huawei's latest 5G handsets drove up adoption of the Shenzhen-based company's self-developed mobile
Simply Wall St.
The past five years for Star Entertainment Group (ASX:SGR) investors has not been profitable
The Star Entertainment Group Limited ( ASX:SGR ) shareholders should be happy to see the share price up 11% in the last...
Sky News
Venture capital firm to unveil name-change after founder's exit
One of London's most prominent venture capital investors will this week change its name following the death and resignation of its two co-founders. Sky News understands that Hambro Perks, which counts a stake in What3Words, the location-mapping service, among its holdings, is to rebrand as Salica Investments. Hambro Perks was founded by Rupert Hambro, an investment veteran who died in 2021, and Dominic Perks, who left the firm last year.
Yahoo Finance Video
Disinflation is clearly unfolding in markets: Strategist
Stock markets are trading mixed after an eventful week of economic data releases and corporate announcements. Ryan Detrick, Carson Group's Chief Market Strategist, joins Market Domination Overtime to discuss market outlooks. Detrick emphasizes that the market's focus is primarily on inflation, with "some big-time improvements" emerging that are steering the economy back toward pre-pandemic levels. He notes that this week's data points have showcased "disinflation" taking place, although the broader public may not fully recognize it yet. Turning his attention to the impact of current conditions on consumers, Detrick believes that "the top 40% who truly drive the economy are still in good shape, ....and we continue to think the consumer is fairly healthy overall and it should still lead to a bull market." 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
Bloomberg
China’s Premium Brands Fall Out of Favor With Stock Investors
(Bloomberg) -- China’s once-mighty shoppers have turned into reluctant spenders in the face of an economic slowdown, a shift that’s proving particularly painful for stocks related to premium brands.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiDanes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesYes, Everyone Really Is Sick a Lot More Often After CovidUkraine Bid for Global South Supp
Bloomberg
Global Rate-Cut Juggernaut Is Struggling to Start
(Bloomberg) -- Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies. Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiDanes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesYes, Everyone Really Is Sick a Lot More Often After CovidUkraine Bid for Global South Support Falters at Swiss Summit
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 BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiDanes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesYes, Everyone Really Is Sick a Lot More Ofte
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
I’m a Financial Expert: Here Are the 6 Most Common Savings Mistakes People Make
You've heard it over and over: "It's important to save." However, many people don't take it to heart. According to a recent GOBankingRates survey, 36% of people have $100 or less in their savings...
Simply Wall St.
Returns On Capital At Lynas Rare Earths (ASX:LYC) Have Stalled
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

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Company News for May 24, 2024

Latest stories

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

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

‘Sleeper issue’ could hit millions of Aussies

Cathie Wood’s stunning new $2,600 Tesla prophecy and Wall Street’s Nvidia stock prediction share an often overlooked investing truth

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

Costly mistake 65 per cent of Aussies make when paying painful insurance bill

‘I’m counting on this income’: Single mom in NC faces squatter nightmare after Airbnb guests refuse to leave

South Florida condo owners are dumping their homes after getting slapped with six-figure special assessments

Expert shares top tips ahead of tax time

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal

Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform

The past five years for Star Entertainment Group (ASX:SGR) investors has not been profitable

Venture capital firm to unveil name-change after founder's exit

Disinflation is clearly unfolding in markets: Strategist

China’s Premium Brands Fall Out of Favor With Stock Investors

Global Rate-Cut Juggernaut Is Struggling to Start

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

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

I’m a Financial Expert: Here Are the 6 Most Common Savings Mistakes People Make

Returns On Capital At Lynas Rare Earths (ASX:LYC) Have Stalled