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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
$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.
Reuters
China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry.
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.
South China Morning Post
Stanley Ho's youngest son Mario sets sights on China's first esports IPO in the US
Esports entrepreneur Mario Ho Yau-kwan, the youngest son of the late Macau casino tycoon Stanley Ho Hung-sun, is seeking to expand the international reach of his organisation NIP Group, as it pursues an initial public offering (IPO) in the United States. NIP is a Cayman Islands-based holding company, with operations primarily conducted through two wholly-owned subsidiaries: Ninjas in Pyjamas Gaming in Sweden, which is engaged in esports teams operations; and Wuhan Xingjingweiwu Culture & Sports
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
Moneywise
3 reasons why boomers are eating through their retirement savings so quickly — how to preserve your nest egg
High costs aren’t helping.
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
Bloomberg
Musk Answers Tesla Faithful With Trillion-Dollar Robot Prophesy
(Bloomberg) -- Elon Musk responded in kind to Tesla Inc. investors reapproving his massive compensation plan, offering outlandish predictions that he can enrich shareholders all over again.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealApple to ‘Pay’ OpenAI for ChatGPT T
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,...
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...
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
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.
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.
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 BloombergSouthwest Plane Plunged Within 400 Feet of Ocean Near HawaiiFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Yes, Everyone Really Is Sick a Lot More Often After CovidBeaches on Singapore’s Sentos

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Hologic to Webcast Presentations at Upcoming Investor Conferences

Latest stories

Why Aussies are rushing to withdraw cash

$770 cash boost coming for millions of Aussies nationwide from July 1

China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

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

Stanley Ho's youngest son Mario sets sights on China's first esports IPO in the US

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

3 reasons why boomers are eating through their retirement savings so quickly — how to preserve your nest egg

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

Musk Answers Tesla Faithful With Trillion-Dollar Robot Prophesy

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

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

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

7 Common Mistakes That Will Keep You From Retiring Wealthy

Major bank’s warning on rate cut risk

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

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