Stitch Fix, CrowdStrike rise; Dollar Tree, Campbell Soup fall, Wednesday, 6/5/2024

Yahoo Finance AU
ATO reveals 10 highest-paid jobs in Australia
Ever wondered how much the other half earn? The Australian Taxation Office has revealed the incomes of the highest paying jobs.
Yahoo Finance AU
All the major money changes coming from July 1, 2024
Tax cuts, superannuation increases and Centrelink payment boosts are among the changes coming in the new financial year.
Yahoo Finance AU
2 weeks left for Aussies to claim $500: 'Free money'
Aussies have until June 30 to claim this superannuation cash boost from the government. Here’s what you need to do.
Yahoo Finance AU
Interest rate cuts: Major banks predictions ahead of RBA meeting
ANZ has broken away from the pack, with NAB, Commonwealth Bank and Westpac painting a more positive picture for Aussie borrowers.
Yahoo Finance AU
Domino’s responds to customer outrage over ‘double surcharge’
Rising costs have forced many Australians to pull back on even the smallest of luxuries. But an Aussie who decided to fork out for a pizza at Domino’s wasn’t pleased when they found out they’d be copping two surcharges.
Yahoo Finance AU
Economists issue major warning on RBA interest rate cut
Aussies may still have to wait some time before they receive mortgage relief. Here’s what the experts are saying.
Yahoo Finance
Latest inflation data provides potential for 'even greater upside' in the stock market rally
Positive developments in inflation data have Wall Street feeling more positive about the outlook for stocks into the end of the year.
CNN Business
Elon Musk’s multi-billion paycheck just got approved by stockholders. That could be a fraction of what’s coming
Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. The question now is, how much will he get going forward?
Investing.com
Buffett's Berkshire Hathaway lowers stake in Chinese EV giant BYD - media reports
Investing.com -- Warren Buffett's Berkshire Hathaway (NYSE:BRKa) has offloaded 1.3 million Hong Kong-listed shares of electric vehicle giant BYD (SZ:002594) in a move worth HK$310.5 million, according to media reports.
Bloomberg
Peru Miner Volcan Eyes $200 Million in Further Asset Sales
(Bloomberg) -- Volcan Cia Minera, the Peruvian zinc miner that was recently acquired by Argentine group Integra Capital, said it is pushing ahead with plans to sell non-core assets as it talks with creditors to refinance a pile of debt coming due in the coming years.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThese Are the World’s Most Expensive Cities for Expats in 2024Hedge Funds’ Secret Weapon to Fight the SEC Lives in TexasHow the US Mopped Up a Th
Reuters
Australia's central bank stays the course on rates, alert to inflation risks
SYDNEY (Reuters) -Australia's central bank debated whether to raise interest rates at a policy meeting on Tuesday given there were upside risks to inflation, but decided to stay the course in a sign the hurdles to a hike remained high. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35% for a fifth straight meeting, but emphasised the need to be vigilant on inflation. "While recent data have been mixed, they have reinforced the need to remain vigilant to upside risks to inflation," the RBA Board said in a statement.
Yahoo Finance Video
Why a popular tech ETF is set to sell Apple & buy Nvidia
The Technology Select Sector SPDR Fund (XLK) may be on the verge of a rebalancing due to concerns over market concentration. As the biggest tech giants like Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT) continue to drive market gains, the ETF needs to rebalance its portfolio to meet the fund's rules. However, such a move could have far-reaching implications for the companies themselves and the broader markets. Yahoo Finance's Jared Blikre breaks down the details, shedding light on the implications for individual stocks and the overall market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Reuters
Oil jumps, settles at highest in over a month on demand optimism
NEW YORK (Reuters) -Oil prices surged nearly $2 a barrel on Monday to their highest settlement levels in over a month, adding to last week's gains as investors grew more optimistic on the demand outlook. Last week, both benchmarks posted their first weekly gain in four weeks after reports from the OPEC+ producer group, the International Energy Agency and U.S. Energy Information Administration raised confidence that oil demand will improve in the second half of the year and help inventories draw down. Reassurances from OPEC+ that a plan to raise supplies from the fourth quarter of this year could be paused or reversed based on market conditions also helped prices firm.
Yahoo Finance AU
Common cashless act ‘screwing’ Aussies: 'Most don't know'
The finance guru is warning Aussies to look out for these hidden fees. Here’s how you can avoid them.
Bloomberg
BOJ’s Ueda Keeps July Rate Hike Door Open Amid Skepticism
(Bloomberg) -- Bank of Japan Governor Kazuo Ueda kept the door open to a possible interest rate increase in July, defying market skepticism over the potential for such action after the bank said it would take another big step toward quantitative tightening next month via a cut in its bond buying. Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThese Are the World’s Most Expensive Cities for Expats in 2024What to Know About the Deadly Flesh-Eating Bacteria
GOBankingRates
I’m a Financial Planning Expert: 5 Best Purchases To Make in an Economic Downturn
You're probably used to taking the economic temperature of the moment by reading headlines about impending recessions, feeling the pinch of inflation at the grocery store and reviewing your bank...
Yahoo Finance Video
Big Tech continues to ride high: Hidden gem picks
Big Tech names like Nvidia (NVDA) continue to make gains, sending the Nasdaq (^IXIC) soaring. Nvidia alone is up almost 165% year-to-date. Deepwater Asset Management Managing Partner Doug Clinton joins Market Domination to share his playbook for investors wanting to incorporate Big Tech into their portfolios and which lesser known stocks they should keep an eye on. Clinton elaborates on one of his hidden gem picks for tech: "We still like Arista (ANET). And it actually had a great week last week on top of those Broadcom (AVGO) earnings. Broadcom talked about strong networking demands. And they actually upped their networking revenue guidance on the reality that there is strong demand for Ethernet based products in AI data centers. Arista has built their portfolio around Ethernet. And so I think they stand to be a good beneficiary of that trend that we're seeing from Broadcom." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Simply Wall St.
Investors in MA Financial Group (ASX:MAF) have seen decent returns of 49% over the past five years
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is...
Investing.com
Microsoft expected to see "wave" of customer spending on AI products - Wedbush
Investing.com -- The "artificial intelligence party" for technology stocks is "just beginning" and should lead to a wave of customer spending on Microsoft (NASDAQ:MSFT)'s AI-optimized products, according to analysts at Wedbush.
Yahoo Finance AU
Commonwealth Bank's major interest rate cut backtrack: 'Runway is shortening'
There are signs another major bank is losing hope in an interest rate cut for 2024.

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Stitch Fix, CrowdStrike rise; Dollar Tree, Campbell Soup fall, Wednesday, 6/5/2024

Latest stories

ATO reveals 10 highest-paid jobs in Australia

All the major money changes coming from July 1, 2024

2 weeks left for Aussies to claim $500: 'Free money'

Interest rate cuts: Major banks predictions ahead of RBA meeting

Domino’s responds to customer outrage over ‘double surcharge’

Economists issue major warning on RBA interest rate cut

Latest inflation data provides potential for 'even greater upside' in the stock market rally

Elon Musk’s multi-billion paycheck just got approved by stockholders. That could be a fraction of what’s coming

Buffett's Berkshire Hathaway lowers stake in Chinese EV giant BYD - media reports

Peru Miner Volcan Eyes $200 Million in Further Asset Sales

Australia's central bank stays the course on rates, alert to inflation risks

Why a popular tech ETF is set to sell Apple & buy Nvidia

Oil jumps, settles at highest in over a month on demand optimism

Common cashless act ‘screwing’ Aussies: 'Most don't know'

BOJ’s Ueda Keeps July Rate Hike Door Open Amid Skepticism

I’m a Financial Planning Expert: 5 Best Purchases To Make in an Economic Downturn

Big Tech continues to ride high: Hidden gem picks

Investors in MA Financial Group (ASX:MAF) have seen decent returns of 49% over the past five years

Microsoft expected to see "wave" of customer spending on AI products - Wedbush

Commonwealth Bank's major interest rate cut backtrack: 'Runway is shortening'