Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports

Bloomberg
Australia Wealth Fund Picks Hedge Funds Over Bonds to Weigh Risk
(Bloomberg) -- Australia’s sovereign wealth fund has called time on using government bonds to diversify equity exposure and instead favors hedge funds to balance risk in its A$223 billion ($149 billion) portfolio.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksSupreme Court End
Simply Wall St.
Insiders At RTX Sold US$4.2m In Stock, Alluding To Potential Weakness
Over the past year, many RTX Corporation ( NYSE:RTX ) insiders sold a significant stake in the company which may have...
Insider Monkey
The Most Expensive Men’s Perfume in the World
In this article, we will talk about the Most Expensive Men’s Perfume in the World. For our detailed discussion, go directly to the 25 Most Expensive Men’s Perfumes in the World. As previously noted in our article “15 Best Everyday Colognes in 2024,” the global perfume market was estimated to be worth $50.85 billion in […]
Simply Wall St.
Swedish Exchange Highlights: Three Growth Companies With High Insider Ownership
As global markets exhibit varied trends with Europe showing signs of recovery and the U.S. experiencing modest gains, the Swedish market also presents intriguing opportunities for investors interested in growth companies. High insider ownership in these firms often signals strong confidence from those who know the business best, making such stocks potentially attractive in the current economic climate where discerning solid investment prospects is crucial.
Insider Monkey
Micron Technology, Inc. (NASDAQ:MU) Q3 2024 Earnings Call Transcript
Micron Technology, Inc. (NASDAQ:MU) Q3 2024 Earnings Call Transcript June 26, 2024 Micron Technology, Inc. beats earnings expectations. Reported EPS is $0.62, expectations were $0.4801. Operator: Thank you for standing by, and welcome to Micron Technology’s Fiscal Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, today’s program is being recorded. And […]
The Independent
Mortgage costs to jump for 3m more households, says Bank of England
Up to 400,000 households will see ‘very large increases’ of more than 50 per cent in mortgage repayments
Bloomberg
Nvidia Retail Craze Unleashes Big Moves in the World of ETFs
(Bloomberg) -- From the growth of get-rich-quick schemes to becoming a make-or-break factor for outperformance, Nvidia Corp.’s latest market roller coaster is a cautionary tale of the importance of the AI chip-maker in the $9.2 trillion US ETF complex.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pa
Insider Monkey
NVIDIA Corporation (NVDA) Jumped on Booming Demand for AI Products
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. Risk assets continued to rise while market volatility remained low in the first quarter, perhaps indicating that investors are becoming somewhat complacent. In the quarter, the fund appreciated 5.46% […]
Yahoo Finance
DJT stock jumps then nosedives after first presidential debate between Trump and Biden
Shares of the parent company of Trump's social media platform Truth Social had risen double digit percentages premarket before paring gains.
Yahoo Finance
Chewy stock spikes, then retreats, after 'Roaring Kitty' posts cryptic picture of dog on X
Chewy stock soared after a cryptic tweet from a popular meme stock investor on Thursday.
GOBankingRates
Tesla Is Spending $48 Billion on Elon Musk — What New Investors Should Know
Tesla shareholders voted this summer to approve Elon Musk's $48 billion compensation package as CEO of the EV manufacturer. The package includes 303 million options to buy shares at a reduced price,...
Reuters
Jobs, inflation data may break the US Treasury market out of narrow range
A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, as the market digested data showing slowing inflation and signs of cooling economic growth in some indicators. So far, the economic numbers have failed to dispel doubts over how deeply the Fed will be able to cut interest rates this year, keeping Treasury yields range-bound.
Bloomberg
Nvidia CEO Huang Has Billions at Foundation Where He Logs 1-Hour Weeks
(Bloomberg) -- Nvidia Corp.’s stock surge over the past two years has, in theory, created a multibillion-dollar windfall for the philanthropic world – but only if Chief Executive Officer Jensen Huang and his wife Lori give the money away.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus C
Engadget
China is plowing $11 billion into a solar, wind and coal energy project
China is spending $11 on a renewable power facility, which also includes a coal plant.
Yahoo Finance Video
Why the Fed is closely watching the labor market: Strategist
Initial jobless claims for the week ending on June 22 declined to 233,000, a decrease of 6,000 from the previous week. The print pointed to a potential cooling in the job market, raising questions about its implications for Federal Reserve policy and the broader inflation landscape. Crossmark Global Investments chief market strategist Victoria Fernandez joins Catalysts to provide insights on these developments. Fernandez observes that recent economic indicators have been "coming in weaker than expected," though she maintains that a handful of softer prints are unlikely to alter the Fed's current stance on rate adjustments. However, Fernandez emphasizes that the labor market "is the element they are watching right now," particularly focusing on whether it will "weaken enough to where it affects consumer spending." Regarding factors that will influence the Fed's next decision, Fernandez highlights the importance of the upcoming labor report. She notes, "I think there will be a lot of focus... on job openings, on job quits." Fernandez adds that core inflation metrics will play a crucial role in shaping the Fed's policy decisions. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Yahoo Finance Video
Is AI in a bubble similar to the 1990s telecom bust?
Micron Technology's (MU) post-earnings decline and Nvidia's (NVDA) shaky sell-off have not been a vote of confidence for the AI landscape to investors this week. Is this the first sign of an AI bubble materializing? To help answer these questions and more, Lead Edge Capital Founder Mitchell Green comes onto Yahoo Finance's Catalysts to talk about the long-term vision of the artificial intelligence trade. "If you believe that the hyperscalers are who are going to spend giants amount of money, I should say hyperscalers and the Singaporean government and the Middle Eastern governments are going to spend more money next year on this stuff. Then it's probably a long. If you think that this CapEx could be some sort of slight bubble, it's probably a short. What we think is it's very real, but this stuff is going to take a lot longer to play out than people think." Green states it could be some of the AI "incumbents" that actually come out on top at the end of the long-term adoption timeline. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Reuters
H&M slumps on doubts over margin target and June sale drop
STOCKHOLM (Reuters) -H&M cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the world's No.2 listed fashion retailer down as much as 15%. Sales this month are likely to fall 6% in local currencies versus a year earlier, partly due to poor weather in many markets, the Swedish company said. CEO Daniel Erver said H&M still stood by its 10% operating margin goal for 2024, but that it had got harder to reach.
Reuters
Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
BEIJING (Reuters) -Apple's smartphone shipments in China rose nearly 40% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government showed on Friday. Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed. Although the data did not explicitly mention Apple, the company is the dominant foreign phone maker in China's smartphone-dominated market.
Yahoo Lifestyle
Aussies erupt as Allen's brings back 'worst lolly ever created'
After it was announced a discontinued lolly would be making a return to Aussie shelves, the reactions have been almost as strong as the sweets themselves.
The Independent
How David Beckham got ‘revenge’ on Prince Harry for Meghan Markle snub
The prince allegedly ignored the footballer after agreeing to meet him

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Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports

Latest stories

Australia Wealth Fund Picks Hedge Funds Over Bonds to Weigh Risk

Insiders At RTX Sold US$4.2m In Stock, Alluding To Potential Weakness

The Most Expensive Men’s Perfume in the World

Swedish Exchange Highlights: Three Growth Companies With High Insider Ownership

Micron Technology, Inc. (NASDAQ:MU) Q3 2024 Earnings Call Transcript

Mortgage costs to jump for 3m more households, says Bank of England

Nvidia Retail Craze Unleashes Big Moves in the World of ETFs

NVIDIA Corporation (NVDA) Jumped on Booming Demand for AI Products

DJT stock jumps then nosedives after first presidential debate between Trump and Biden

Chewy stock spikes, then retreats, after 'Roaring Kitty' posts cryptic picture of dog on X

Tesla Is Spending $48 Billion on Elon Musk — What New Investors Should Know

Jobs, inflation data may break the US Treasury market out of narrow range

Nvidia CEO Huang Has Billions at Foundation Where He Logs 1-Hour Weeks

China is plowing $11 billion into a solar, wind and coal energy project

Why the Fed is closely watching the labor market: Strategist

Is AI in a bubble similar to the 1990s telecom bust?

H&M slumps on doubts over margin target and June sale drop

Apple's iPhone shipments in China surge 40% in May amid aggressive discounting

Aussies erupt as Allen's brings back 'worst lolly ever created'

How David Beckham got ‘revenge’ on Prince Harry for Meghan Markle snub