Company News for May 24, 2024

Yahoo Finance AU
Nvidia suffers biggest loss in world history after $646 billion bloodbath: 'This is a concern'
After reaching incredible heights, concern is brewing for the AI and microchip company.
Yahoo Finance AU
Young Aussie bucks cashless trend and reveals insane results: 'Gone through the roof'
Matt Hey can't believe the impact using cash has had on his bank account.
Yahoo Finance AU
$700 cost-of-living credit coming for millions from next week
Millions of Aussies will be receiving an electricity bill rebate from next week. Here’s how to claim it.
Yahoo Finance AU
ATO’s major warning over $1,288 cash boost: ‘Not a race’
The ATO has asked Aussies to wait to lodge their tax returns until the end of July.
SmartAsset
I Want to Retire at 60. Will $300,000 in Savings Be Enough?
The short answer to this question is, “Yes, provided you are prepared to accept a modest standard of living.” To get an an idea of what a 60-year-old individual with a $300,000 nest egg faces, our list of factors to check includes … Continue reading → The post Can I Retire at 60 With $300,000? appeared first on SmartAsset Blog.
Bloomberg
A $100 Billion Bet on China’s Economy Sours as Warehouses Empty
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Free Man,’
Insider Monkey
The Wealthiest Person in Singapore
We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. An Outlook of the Singaporean Economy According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP […]
NewsWire
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Bloomberg
India’s New Finance Hub in Gujarat Eyes Real-Time Dollar Settlement by 2025
(Bloomberg) -- Real-time dollar settlement in India’s newest financial hub in Gujarat is likely to become operational later this year or by early 2025, according to a senior official, a step that could burnish the country’s appeal to foreign investors. Most Read from BloombergNvidia Rout Takes Breather as Traders Scour Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Mar
Bloomberg
Bitcoin Posts Biggest Drop in Two Months as Liquidations Pick Up
(Bloomberg) -- Losses are piling up in the crypto market after its second-worst weekly decline of 2024, a reflection of cooling demand for Bitcoin exchange-traded funds and uncertainty over monetary policy.Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Maybe ForeverWikileaks’ Julian Assang
Associated Press Finance
All eyes are on Nvidia's stock, so what's been going on?
Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Because Nvidia has become so massive in size, the movements for its stock carry extra weight on the S&P 500 and other indexes.
Bloomberg
Yen Is Under Pressure Even as Japan Steps Up Its Verbal Warnings
(Bloomberg) -- The yen remained under pressure even after Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary.Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Maybe ForeverWikileaks’ Julian Assange to Plead Guilty, En
GOBankingRates
Buffett vs. ChatGPT: The Investment Face-Off — Who Truly Understands the Market?
When it comes to investing legends, Berkshire Hathaway's chairman Warren Buffett is at the top of the list. At 93, the "Oracle of Omaha" is still one of the most famed investors, known for his motto...
NewsWire
New plan to keep cash in Australia
Cash transport distributor Armaguard is set to receive a $50m lifeline to stay in business, which will keep cash flowing in Australia for at least another year.
Yahoo Finance Video
Nvidia: Is it worth buying back in or is it time to stay out?
Shares of Nvidia (NVDA) are bouncing back after dropping for three straight sessions. While some on Wall Street believe the dip is "overblown", could it be time to get out of chip stock before any more uncertainty persists? Neuberger Berman Senior Research Analyst Daniel Flax joins Catalysts to give insight into Nvidia's recent performance and what investors need to consider when keeping Nvidia in their portfolios. Flax expounds upon what he takes into consideration for tech companies: "There are a number of factors when we model the company, we go through each one of their businesses. The most important one is the data center business, where you're seeing very, very strong demand for their systems. Also on the networking side, growth is very, very healthy there as well. And so you're trying to balance healthy demand with, of course, supply, which is constrained. Now I expect the supply chain and Nvidia and its partners to continue to make progress on improving supply over the next several quarters, but that is a gating factor..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Yahoo Finance Video
Bitcoin on track for third worst week of 2024. Here's why.
Bitcoin (BTC-USD) is headed for its third worst week of the year as the crypto market is under pressure. Marathon Digital Holdings (MARA) CEO Fred Thiel joins Catalysts to discuss bitcoin's movement and how Marathon Digital Holdings handles the cryptocurrency's volatility. Thiel points to several issues facing bitcoin that are causing an increased supply in the market. First, Germany's criminal bureau is selling about 50,000 BTC. Japanese bitcoin exchange Mt. Gox is set to distribute a large volume of bitcoin in July as part of its bankruptcy. In addition, miners are selling large amounts of bitcoin to continue to fund and expand their operations. Thiel states that "bitcoin is historically very volatile," adding that Marathon Digital Holdings has a "very strong balance sheet" to deal with the cryptocurrency's swings. He explains that Marathon is focused on diversifying the business, starting a technology division to focus on areas getting a boost from bitcoin mining and the AI race, such as liquid cooling. He adds that the business is also focused on energy harvesting, leveraging bitcoin mining to generate new revenue streams. Thiel points to Marathon's recent initiative in Finland to heat 11,000 homes with the heat from its data center. 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
Yahoo Finance AU
Huge tax time warning for millions of Aussies: ‘Take advantage’
Tax time is just around the corner and Aussies are being warned a “perfect storm” is brewing.
Insider Monkey
Analyst Says Taiwan Semiconductor (TSM) is the ‘Key Beneficiary of AI Prosperity’
We recently published a list of the Big Tech Funds are Buying These 10 AI Stocks. Since Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) ranks 7th on the list, it deserves a deeper look. As mega-cap technology stocks continue to soar to new highs, the number of Wall Street analysts highlighting the “concentration of gains” problem are increasing. […]
Bloomberg
Oil Steadies as Industry Report Points to Rising US Stockpiles
(Bloomberg) -- Oil steadied after a decline on Tuesday as an industry report signaled a small build in US crude inventories ahead of official data.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Free Man,’ Ending 14-Year DramaBrent traded above $85
StockStory
Nvidia (NVDA) Shares Skyrocket, What You Need To Know
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 6.4% in the afternoon session after the stock rebounded after shedding more than $400b in market cap since the previous week. We'd note that there were no specific fundamental reasons driving today's move, just as there were no major ones driving the decline in the stock in the last week or so. The last major fundamental datapoint we have on the company was May 22, 2024, when Nvidia reported Q1'2024 earnings that were quite

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Company News for May 24, 2024

Latest stories

Nvidia suffers biggest loss in world history after $646 billion bloodbath: 'This is a concern'

Young Aussie bucks cashless trend and reveals insane results: 'Gone through the roof'

$700 cost-of-living credit coming for millions from next week

ATO’s major warning over $1,288 cash boost: ‘Not a race’

I Want to Retire at 60. Will $300,000 in Savings Be Enough?

A $100 Billion Bet on China’s Economy Sours as Warehouses Empty

The Wealthiest Person in Singapore

Aussie shares leap higher in rebound rally

India’s New Finance Hub in Gujarat Eyes Real-Time Dollar Settlement by 2025

Bitcoin Posts Biggest Drop in Two Months as Liquidations Pick Up

All eyes are on Nvidia's stock, so what's been going on?

Yen Is Under Pressure Even as Japan Steps Up Its Verbal Warnings

Buffett vs. ChatGPT: The Investment Face-Off — Who Truly Understands the Market?

New plan to keep cash in Australia

Nvidia: Is it worth buying back in or is it time to stay out?

Bitcoin on track for third worst week of 2024. Here's why.

Huge tax time warning for millions of Aussies: ‘Take advantage’

Analyst Says Taiwan Semiconductor (TSM) is the ‘Key Beneficiary of AI Prosperity’

Oil Steadies as Industry Report Points to Rising US Stockpiles

Nvidia (NVDA) Shares Skyrocket, What You Need To Know