Hagerty to Report First Quarter 2024 Results and Host Conference Call on Tuesday, May 7, 2024

Yahoo Finance AU
RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update
The Reserve Bank of Australia (RBA) has kept the cash rate on hold at a 12-year high of 4.35 per cent.
Yahoo Finance
The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
Bloomberg
China’s Surging Industrial Loans Aren’t Going to Its Factories
(Bloomberg) -- As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that could flood global markets with cheap goods.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed i
Yahoo Finance AU
Westpac CEO reveals when the RBA could cut interest rates
Peter King warned more Aussies would have to be unemployed if mortgage holders want to see some relief.
NCA NewsWire
ANZ chief’s dire warning for homeowners
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
Simply Wall St.
Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years
For us, stock picking is in large part the hunt for the truly magnificent stocks. You won't get it right every time...
BBC
House prices stagnate as mortgage rates increase
Mortgage deals have been rising as expectations of an imminent interest rate cut fade.
Reuters
BHP insists Anglo American's South African assets must go in any takeover, sources say
BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39 billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place. Anglo American owns 78.6% of Amplats and 69.7% of Kumba.
Simply Wall St.
Upgrade: Analysts Just Made A Massive Increase To Their Bicycle Therapeutics plc (NASDAQ:BCYC) Forecasts
Bicycle Therapeutics plc ( NASDAQ:BCYC ) shareholders will have a reason to smile today, with the analysts making...
Reuters
Axon raises full-year revenue forecast on strong demand for its software products
The company now expects full-year 2024 revenue to be between $1.94 billion and $1.99 billion, compared with its previous forecast of $1.88 billion to $1.94 billion. Axon is the leading maker of police body cameras in the U.S. and supplies drones to law enforcement agencies in North America, Europe and Australia. It expects adjusted core profit in the range of $430 million to $445 million, up from its previous forecast range of $410 million to $430 million.
Insider Monkey
10 Best Cookies and Crackers Stocks to Buy
In this article, we will explore the 10 Best Cookies and Crackers Stocks to Buy. To skip our detailed analysis of the snacks sector, you can go directly to see the 5 Best Cookies and Crackers Stocks to Buy. The snack food industry, especially the segments involving cookies and crackers, continues to exhibit strong growth […]
Reuters
PIMCO adds bond exposure outside the US on inflation risks
U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest rates. The $1.9 trillion asset manager expects an easing in central bank policies to bolster bonds in markets such as Australia, Canada, the United Kingdom and the euro zone, but is underweight U.S. fixed income as economic growth in America may continue to be accompanied by rising price pressures.
Bloomberg
Tycoon Richard Li Said to Near Fiber Sale to China Merchants
(Bloomberg) -- PCCW Ltd., the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd., according to people familiar with the matter.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Int
GOBankingRates
6 Money Moves You Should Make If You Have $70K in a Checking Account
You've gotten a taste for saving money -- which is great. But your money is now just sitting idle and losing value to inflation -- which is not so great. So where do you go from here to keep enough...
Bloomberg
Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks
(Bloomberg) -- The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on Rafah Invasion Concerns“So far the requests have been t
Reuters
Ferrari shares decline as it sticks to full-year forecasts
Ferrari's core earnings rose 13% in the first quarter helped by sales of models such as the 2 million-euro ($2.2 million) Daytona SP3 limited-series luxury car and a greater contribution from personalised vehicles. Shares at the luxury sportscar maker, however, fell on Tuesday as Ferrari confirmed its full-year forecasts, failing to excite investors despite what its CEO Benedetto Vigna called a "very positive" start to the year. The result was also helped by strong pricing power and product and country mix, and Vigna said the Italian company had produced double-digit growth for both revenue and profits despite stable car deliveries.
Simply Wall St.
Investors in Big River Industries (ASX:BRI) have seen notable returns of 90% over the past five years
It hasn't been the best quarter for Big River Industries Limited ( ASX:BRI ) shareholders, since the share price has...
Bloomberg
FTX Has Billions More Than Needed to Pay Bankruptcy Victims
(Bloomberg) -- Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in US bankruptcy proceedings. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Isr
Bloomberg
Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk
(Bloomberg) -- Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortMetals joined a wider rally in risk assets after soft U
Bloomberg
Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash
(Bloomberg) -- Instacart is partnering with Uber Technologies Inc. to offer restaurant delivery through the Instacart app — taking on the top US food delivery app, DoorDash Inc.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyTrump Judge Indefinitely Postpones Documents Case TrialUS Pauses Arms Shipment to Israel on Rafah Invasion ConcernsInstacart users in the US will be able to order fro

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Hagerty to Report First Quarter 2024 Results and Host Conference Call on Tuesday, May 7, 2024

Latest stories

RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update

The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs

China’s Surging Industrial Loans Aren’t Going to Its Factories

Westpac CEO reveals when the RBA could cut interest rates

ANZ chief’s dire warning for homeowners

Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years

House prices stagnate as mortgage rates increase

BHP insists Anglo American's South African assets must go in any takeover, sources say

Upgrade: Analysts Just Made A Massive Increase To Their Bicycle Therapeutics plc (NASDAQ:BCYC) Forecasts

Axon raises full-year revenue forecast on strong demand for its software products

10 Best Cookies and Crackers Stocks to Buy

PIMCO adds bond exposure outside the US on inflation risks

Tycoon Richard Li Said to Near Fiber Sale to China Merchants

6 Money Moves You Should Make If You Have $70K in a Checking Account

Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks

Ferrari shares decline as it sticks to full-year forecasts

Investors in Big River Industries (ASX:BRI) have seen notable returns of 90% over the past five years

FTX Has Billions More Than Needed to Pay Bankruptcy Victims

Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk

Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash