Kraft Heinz to Participate in Bernstein’s 40th Annual Strategic Decisions Conference

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Aussie woman $2,500 out-of-pocket after split second mistake: 'Stupid'
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Yahoo Finance Video
Tesla is biggest market bubble in world history: Short seller
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
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.
Futurism
Elon Musk Demands Money Back From Employees He Laid Off
Clawback After firing a number of Twitter staff in Australia, the platform's new owner Elon Musk is threatening to take them to court, demanding to claw back payments after claiming the company had overpaid them. Twitter, which Musk has since renamed to X, fired much of its remaining staff stationed in Australia in January 2023. […]
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
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Yahoo Finance AU
Costly mistake 65 per cent of Aussies make when paying painful insurance bill
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‘I’m counting on this income’: Single mom in NC faces squatter nightmare after Airbnb guests refuse to leave
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South Florida condo owners are dumping their homes after getting slapped with six-figure special assessments
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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.
NewsWire
Expert shares top tips ahead of tax time
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Yahoo Finance Video
Apple surpasses Microsoft as most valuable US company
Apple (AAPL) closed Thursday with a market capitalization that surpassed Microsoft's (MSFT) for the first time since January, making it the most valuable US company. Yahoo Finance's Seana Smith and Brad Smith report more on the story and some of the tailwinds for the tech giant. 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
Bloomberg
Oil Posts Weekly Rebound From OPEC+ Dip as Fuels Show Strength
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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...
Fortune
The Fed hits Evolve bank with order over fintech troubles
The U.S. central bank has issued an enforcement action against Evolve Bank & Trust for failing to comply with anti-money-laundering, risk management, and consumer compliance programs.
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
I Made $10K With Cryptocurrency: Here’s What I Did
Learn how crypto millionaires made their fortunes through investing, memecoins, mining, trading, and participating in the crypto economy.
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Tesla bulls and short sellers, French stocks pull back: Morning Brief
It's Friday morning, but even the stock market can't afford to take a three-day weekend! Morning Brief Hosts Seana Smith and Brad Smith guide investors through the leading industry stories and into the day's market open. Wall Street and tech investors are abuzz about Tesla (TSLA) and what CEO Elon Musk's pay package — valued at around $46 billion in the company's current stock price — is indicating about the future growth of the EV maker. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives details his latest forecast stipulating Tesla's market cap could be over $1 trillion in 2025. Clean Energy Transition CEO and Portfolio Manager Per Lekander later chimes in on why he believes Tesla is "the biggest stock market bubble in history" and that it could be "the next Enron." In stock news, Apple (AAPL) continues to hold the most valuable company title at the open after it's market cap surpassed Microsoft's (MSFT). France's CAC 40 (^FCHI) exchange takes a hit, falling by well over 2% as political tensions over France's snap election create unease in the market. This post was written by Luke Carberry Mogan.
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.

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Kraft Heinz to Participate in Bernstein’s 40th Annual Strategic Decisions Conference

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

Tesla is biggest market bubble in world history: Short seller

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

Elon Musk Demands Money Back From Employees He Laid Off

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

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

Expert shares top tips ahead of tax time

Apple surpasses Microsoft as most valuable US company

Oil Posts Weekly Rebound From OPEC+ Dip as Fuels Show Strength

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

The Fed hits Evolve bank with order over fintech troubles

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

I Made $10K With Cryptocurrency: Here’s What I Did

Tesla bulls and short sellers, French stocks pull back: Morning Brief

7 Common Mistakes That Will Keep You From Retiring Wealthy