Kushner’s Affinity Takes Board Seat at Brazil Fast-Food Operator

NCA NewsWire
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
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.
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.
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
BBC
House prices stagnate as mortgage rates increase
Mortgage deals have been rising as expectations of an imminent interest rate cut fade.
Insider Monkey
RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript
RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript May 6, 2024 RGC Resources, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Tommy Oliver: Good morning and thank you for joining us as we discuss RGC Resources, Inc.’s 2024 Second Quarter […]
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...
Yahoo Finance AU
HECS controversy: Crusading MP responds as young Aussies claim $3 billion HECS lifeline for millions 'not enough'
Labor wants to change the way student loan is indexed and while it'll be welcome relief for many, some say it's just the tip of the iceberg.
Insider Monkey
Crocs, Inc. (NASDAQ:CROX) Q1 2024 Earnings Call Transcript
Crocs, Inc. (NASDAQ:CROX) Q1 2024 Earnings Call Transcript May 7, 2024 Crocs, Inc. beats earnings expectations. Reported EPS is $2.5, expectations were $2.22. CROX isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome to the Crocs, Inc. […]
StockStory
DoubleVerify (NYSE:DV) Surprises With Q1 Sales But Stock Drops 21.5%
Digital media measurement and analytics provider DoubleVerify (NYSE:DV) beat analysts' expectations in Q1 CY2024, with revenue up 14.8% year on year to $140.8 million. On the other hand, next quarter's revenue guidance of $154 million was less impressive, coming in 2.8% below analysts' estimates. It made a GAAP profit of $0.04 per share, down from its profit of $0.07 per share in the same quarter last year.
Reuters
FOREX-Dollar gains on rate outlook, yen weakens for third day
The dollar gained on Wednesday as investors continued to bet on the U.S. economy outperforming peers and was higher for the third day against the Japanese yen, keeping investors wary of the risk of intervention from Tokyo. In Europe, the Swedish crown came under pressure after the central bank cut interest rates and said it expected two more cuts this year, while the pound was stuck in negative territory ahead of a Bank of England meeting on Thursday. The move in Sweden was a reminder that dollar is likely to remain strong as long as other central banks cut rates before the U.S. Federal Reserve.
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...
StockStory
Roblox (RBLX) Reports Earnings Tomorrow: What To Expect
Gaming metaverse operator Roblox (NYSE:RBLX) will be announcing earnings results tomorrow before market open. Here's what to look for.
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 TrackMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Po
Reuters
JGB yields touch decade peaks amid rising US yields, hawkish BOJ
The five-year JGB yield rose as high as 0.525% for the first time since April 2011 before easing slightly to 0.515% as of 0253 GMT, up 3.5 basis points from Wednesday. The 10-year JGB yield was 3.5 bps higher at 0.91%, after earlier reaching 0.92%, approaching last month's nearly six-month high of 0.93%. Locally, minutes from the BOJ's most recent policy meeting in April showed officials turned overwhelmingly hawkish, with many calling for the need to raise interest rates steadily to forestall risks of an inflation overshoot.
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
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.
Yahoo Finance Video
Apple throws hat in AI race, reportedly developing chips
Apple (AAPL) shares are trading higher after the tech giant is reportedly joining the artificial intelligence chip race. Yahoo Finance's Madison Mills reports more on the story and why this could be good news for investors. Mills points out the changing landscape Apple faces as iPhone sales continue to slump. "Apple can't rely on the iPhone that much longer," she explains, adding that chip development gives investors a more hopeful outlook on the tech giant's future. Competitors like Meta (META) and Microsoft (MSFT) already use their own chips to fuel artificial intelligence initiatives in their data centers. While Apple may be viewed as late to the game on this front, Mills stresses that its new chip development could bolster the company as a serious competitor to major chip makers like Nvidia (NVDA). 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
Simply Wall St.
Discovering Three Hong Kong Dividend Stocks With Yields Up To 8.3%
As global markets navigate through a mix of economic signals, with Hong Kong's Hang Seng Index recently witnessing a notable rise, investors are keenly watching the performance and potential of dividend stocks in this vibrant financial hub. In light of current market conditions, understanding the stability and yield offered by select Hong Kong dividend stocks can provide valuable insights for those looking to enhance their investment portfolios.
PA Media: UK News
AB InBev sales grow but Bud Light boycott continues to drag on US arm
Sales growth continued to be driven by higher pricing, with the volume of drinks sold by the company down 0.6%.

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Kushner’s Affinity Takes Board Seat at Brazil Fast-Food Operator

Kushner’s Affinity Takes Board Seat at Brazil Fast-Food Operator

Latest stories

One thing propping up Aussie economy

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

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

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

House prices stagnate as mortgage rates increase

RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript

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

HECS controversy: Crusading MP responds as young Aussies claim $3 billion HECS lifeline for millions 'not enough'

Crocs, Inc. (NASDAQ:CROX) Q1 2024 Earnings Call Transcript

DoubleVerify (NYSE:DV) Surprises With Q1 Sales But Stock Drops 21.5%

FOREX-Dollar gains on rate outlook, yen weakens for third day

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

Roblox (RBLX) Reports Earnings Tomorrow: What To Expect

FTX Has Billions More Than Needed to Pay Bankruptcy Victims

JGB yields touch decade peaks amid rising US yields, hawkish BOJ

Tycoon Richard Li Said to Near Fiber Sale to China Merchants

Ferrari shares decline as it sticks to full-year forecasts

Apple throws hat in AI race, reportedly developing chips

Discovering Three Hong Kong Dividend Stocks With Yields Up To 8.3%

AB InBev sales grow but Bud Light boycott continues to drag on US arm