New Strong Sell Stocks for April 1st

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 AU
Vital clue Australia is headed for an interest rate cut - not the hike a few noisy economists claim
Homeowners will be desperately hoping inflation gets under control so they can get some mortgage relief.
Yahoo Finance
Stock market today: Dow pops for 7th straight day as S&P 500 climbs back above 5,200
Stocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
GOBankingRates
7 Frugal Habits That Will Pay Off Big Time for Boomers in Retirement
Baby boomers are heading into retirement at record numbers. If you need more money to sock away for retirement, here are some frugal habits that can help.
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.
Thomson Reuters StreetEvents
Q1 2024 RingCentral Inc Earnings Call
Q1 2024 RingCentral Inc Earnings Call
Evening Standard
Boohoo recovery plan doubts grow as losses hit £160m
Shares fell by as much as 6.3% as the business reporting declining revenue
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.
Bloomberg
Rents Set to Be Last Domino to Fall in Global Inflation Battle
(Bloomberg) -- Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all this tightening cycle. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireFTX Has Billions More Than Needed to Pay Bankruptcy VictimsIn the US, UK, Canada and Australia
LA Times
GardaWorld heist: The reason $30 million was in a Sylmar warehouse and not a bank
Security company GardaWorld, whose Sylmar facility was burgled on Easter, has become a major player in cash logistics, an opaque — and growing — field.
Insider Monkey
Hidden Gems: Unveiling the 10 Stocks on Hedge Funds’ Radar
In this article we are going to reveal the names of 10 stocks that are on hedge funds’ radar. The US market sustained strong performance in the first quarter of 2024 as the S&P Index increased by 10.6%, continuing its momentum from the previous quarter. There is a prevailing optimism in the market regarding a […]
Reuters
Roblox cuts annual bookings forecast on muted player spending
Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off hundreds of employees and shut studios this year to cope with declining demand. Roblox now expects full-year bookings to be between $4 billion and $4.10 billion, down from its earlier forecast of $4.14 billion to $4.28 billion.
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
BBC
UK interest rates expected to stay at 16-year high
The Bank of England will decide interest rates later, but is not expected to cut them until the summer.
BBC
FTX says it has billions more than owed to victims
The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.
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.
Reuters
Stocks and bonds wobble as global economy throws off mixed signals
LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along. European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates. Many analysts said this would be the year U.S. growth buckled, after the same predictions proved woefully wrong in 2023.
Sky News
Interest rate cut is not far off - but there are complicating factors
All nine members know that interest rates, currently at 5.25%, will have to be cut in the coming months. After all, high interest rates represent a brake on the economy and it's becoming clear that keeping the brake pedal down is causing economic pain. For Bank insiders, the fact that the rate at which the consumer price index is rising each year is about (at least according to their forecasts) to hit 2% is a mark of success.
Yahoo Finance Video
FTX fallout: Crypto firm says nearly all customers to be repaid
In the aftermath of the collapse of the cryptocurrency exchange FTX (FTT-USD), whose former CEO Sam Bankman-Fried was convicted of defrauding customers, investors, and lenders, hope emerged for the victims. According to an FTX court filing, almost all of FTX's customers will be able to recover their losses. FTX owes its creditors a staggering $11.2 billion. However, customers who file claims of $50,000 or less will receive approximately 118% of the amount of their claim, subject to approval by the bankruptcy court overseeing the case. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Simply Wall St.
Southern Score Builders Berhad (KLSE:SSB8) Looks To Prolong Its Impressive Returns
What are the early trends we should look for to identify a stock that could multiply in value over the long term...

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New Strong Sell Stocks for April 1st

Latest stories

One thing propping up Aussie economy

Vital clue Australia is headed for an interest rate cut - not the hike a few noisy economists claim

Stock market today: Dow pops for 7th straight day as S&P 500 climbs back above 5,200

7 Frugal Habits That Will Pay Off Big Time for Boomers in Retirement

Roblox (RBLX) Reports Earnings Tomorrow: What To Expect

Q1 2024 RingCentral Inc Earnings Call

Boohoo recovery plan doubts grow as losses hit £160m

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

Rents Set to Be Last Domino to Fall in Global Inflation Battle

GardaWorld heist: The reason $30 million was in a Sylmar warehouse and not a bank

Hidden Gems: Unveiling the 10 Stocks on Hedge Funds’ Radar

Roblox cuts annual bookings forecast on muted player spending

FTX Has Billions More Than Needed to Pay Bankruptcy Victims

UK interest rates expected to stay at 16-year high

FTX says it has billions more than owed to victims

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

Stocks and bonds wobble as global economy throws off mixed signals

Interest rate cut is not far off - but there are complicating factors

FTX fallout: Crypto firm says nearly all customers to be repaid

Southern Score Builders Berhad (KLSE:SSB8) Looks To Prolong Its Impressive Returns