New Strong Sell Stocks for April 16th

Associated Press Finance
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Yahoo Finance AU
Former RBA governor's bleak interest rate rise prediction
Philip Lowe warned the fight against inflation 'isn't done' yet.
Moneywise
Arnold Schwarzenegger reveals how he made millions before becoming a movie star — and it wasn’t from bodybuilding
He owes it to one woman.
Reuters
Westpac raises share buyback by $661 million even as costs and competition bite
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs. Traditionally beneficiaries of rising interest rates, the country's so-called Big Four lenders have spent the past year sacrificing margins to write new home loans and paying more to depositors, narrowing their closely watched "net interest margin". Westpac's net interest margin slipped to 1.89%, down 7 basis points from a year earlier, while net interest income remained largely flat at A$9.13 billion.
GOBankingRates
8 Purchases Boomers Should Never Make During Retirement
Once they retire, many seniors change their spending patterns quite a bit. There's nothing inherently wrong with this, as long as they remain within their retirement budget. See: The 4 Types of Bank...
Simply Wall St.
National Australia Bank (ASX:NAB) Is Due To Pay A Dividend Of A$0.84
National Australia Bank Limited ( ASX:NAB ) has announced that it will pay a dividend of A$0.84 per share on the 3rd of...
NCA NewsWire
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
Simply Wall St.
Is BlueScope Steel Limited (ASX:BSL) Trading At A 38% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, BlueScope Steel fair value estimate is AU$36.31 BlueScope...
BBC
Everton buyers accused of 'fraud' in court filing
Everton's prospective owners 777 Partners and the firm's co-owner Josh Wander are accused of fraud in a New York court.
Insider Monkey
CBRE Group, Inc. (NYSE:CBRE) Q1 2024 Earnings Call Transcript
CBRE Group, Inc. (NYSE:CBRE) Q1 2024 Earnings Call Transcript May 3, 2024 CBRE Group, Inc. beats earnings expectations. Reported EPS is $0.78, expectations were $0.693. CBRE Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and welcome to […]
Reuters
Berkshire shareholders reject climate, diversity, China proposals
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire's annual meeting voted against two proposals that the company's insurance and energy operations disclose more about their efforts to address climate change including greenhouse gas emissions. They also turned down a proposal for more disclosure about efforts to promote diversity, equity and inclusion in the workplace.
Fortune
Warren Buffett warns on AI, teases succession, and hints at possible investment during Berkshire Hathaway’s annual meeting
“I trust my children and my wife totally, but that doesn’t mean I ask them what stocks to buy,” Buffett said.
Reuters
GLOBAL MARKETS-Asia shares rally on China's gains, Fed cut bets; yen weakens
Asian stocks rose to their highest in over a year on Monday on renewed bets that the Federal Reserve would most likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thin in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break. MSCI's broadest index of Asia-Pacific shares outside Japan peaked at their highest since February 2023 and last gained 0.53%, while China's blue-chip index jumped 1.5%.
GOBankingRates
I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t
James Baldwin famously said, "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor." In January 2014, long after the Great Recession but before the pandemic,...
Bloomberg
Stocks Climb as Traders Revive Fed Easing Bets: Markets Wrap
(Bloomberg) -- Stocks extended last week’s gains as traders focused on the prospect for the Federal Reserve to cut interest rates. Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron Seeks to Reset TiesS&P 500 futures and Europe’s Stoxx 600 add
Bloomberg
Yellen Counsels Caution on Currency Intervention After Yen Surge
(Bloomberg) -- US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron S
Associated Press Finance
Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
This year's Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan. Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day. Abel pointed out that it required a major culture shift to get workers at PacifiCorp and the other utilities, who have long focused all their energy on keeping the lights on, to think about shutting the power down at times when the risk that their power lines could spark wildfires is too great.
Bloomberg
Banks Illegally Shorted $156 Million of Stocks, South Korea Probe Finds
(Bloomberg) -- South Korea’s financial watchdog said it has so far uncovered 211.2 billion won ($156 million) worth of illegal short trades by nine global investment banks, providing its latest formal update on a probe that began late last year.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billio
Yahoo Finance AU
ATO reveals 3 areas it's cracking down on at tax time: 'Don't copy and paste'
Aussies have been warned to get it right the first time or face the consequences.
Simply Wall St.
Will Centaurus Metals (ASX:CTM) Spend Its Cash Wisely?
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

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New Strong Sell Stocks for April 16th

Latest stories

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Former RBA governor's bleak interest rate rise prediction

Arnold Schwarzenegger reveals how he made millions before becoming a movie star — and it wasn’t from bodybuilding

Westpac raises share buyback by $661 million even as costs and competition bite

8 Purchases Boomers Should Never Make During Retirement

National Australia Bank (ASX:NAB) Is Due To Pay A Dividend Of A$0.84

‘Call us’: Major bank’s plea to homeowners

Is BlueScope Steel Limited (ASX:BSL) Trading At A 38% Discount?

Everton buyers accused of 'fraud' in court filing

CBRE Group, Inc. (NYSE:CBRE) Q1 2024 Earnings Call Transcript

Berkshire shareholders reject climate, diversity, China proposals

Warren Buffett warns on AI, teases succession, and hints at possible investment during Berkshire Hathaway’s annual meeting

GLOBAL MARKETS-Asia shares rally on China's gains, Fed cut bets; yen weakens

I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

Stocks Climb as Traders Revive Fed Easing Bets: Markets Wrap

Yellen Counsels Caution on Currency Intervention After Yen Surge

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

Banks Illegally Shorted $156 Million of Stocks, South Korea Probe Finds

ATO reveals 3 areas it's cracking down on at tax time: 'Don't copy and paste'

Will Centaurus Metals (ASX:CTM) Spend Its Cash Wisely?