Union announces talks with Carlyle on Thyssenkrupp Marine Systems investment

The Daily Beast
Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K
STR/NurPhoto via Getty ImagesTrump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public. Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year. However, it also reported a net loss of $327.6 million during the first three months of the year, compared with
Bloomberg
Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal
(Bloomberg) -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Bloomberg
Philippines Warns of Intervention as Peso Drops Past Key Level
(Bloomberg) -- The Philippine central bank warned it will intervene in the currency market after the peso dropped past the key 58-per-dollar level.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay PackageJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Authorities will step in
Bloomberg
Gold Trims Gains as Traders Book Profit After Fresh Record
(Bloomberg) -- Gold trimmed gains as traders booked profits after prices surged to a record on increasing optimism over the Federal Reserve’s monetary policy and rising geopolitical tensions in the Middle East.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bea
Fortune
Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’
Investors say Musk is spread too thin among his other companies to justify such high pay.
Reuters
Anglo shareholder LGIM supports break-up plan as BHP circles
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group, which had proposed a $43 billion deal on the condition that Anglo first spins off its South African operations. "The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors," said Nick Stansbury, head of climate solutions at LGIM.
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
Simply Wall St.
Shareholders Are Optimistic That Meta Platforms (NASDAQ:META) Will Multiply In Value
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Simply Wall St.
Investors in Vita Life Sciences (ASX:VLS) have seen stellar returns of 216% over the past five years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Simply Wall St.
Insider-Owned Indian Growth Companies To Watch In May 2024
The Indian market has shown robust performance, with a 3.7% rise over the past week and an impressive 44% climb over the last year. With earnings expected to grow by 17% annually, companies with high insider ownership might offer valuable stability and growth potential in this flourishing environment.
Insider Monkey
Seth Klarman 2024 Portfolio: Top New Stock Picks
Value investing is back in the limelight as investors prepare for a higher-for-long interest rate environment. Legendary value investor Seth Klarman had said in his 2000 letter to investors that while value investing might underperform the broader market amid changing investment sentiment, value investing as a basic investment principle and strategy would never go out […]
NCA NewsWire
RBA keeps door open to another rate hike
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
The Independent
UK inflation - latest: Rates set to return close to 2% target in boost for Bank of England
Economists polled by Reuters think that inflation could drop to 2.1 per cent
TechCrunch
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. KKR said it's making the investment through its Next Generation Technology Growth Fund III, a $3 billion fund it closed last year. Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend and Phil McGriskin, who had sold an e-commerce payments company called Envoy to WorldPay back in 2011.
Moneywise
Americans still believe this one credit card myth — and it’s doing them no financial favors
Why can't we seem to squash this myth?
Investing.com
Palo Alto Networks shares drop 8% premarket as billings outlook disappoints
Investing.com -- Shares in Palo Alto Networks (NASDAQ:PANW) tumbled more than 8% in premarket U.S. trading on Tuesday, after analysts flagged that the group's latest billings forecast disappointed elevated expectations.
Reuters
Morning Bid: Metals zoom as investors wait on rates
Copper and gold made record highs in Asia trade on Monday and silver surged over $30. Gold's 18% rally over the year to date has been attributed, variously, to Chinese buying, global political tension and expectations that U.S. rates will start to fall soon, seen as a boon for a metal that does not pay a yield at all.
Evening Standard
Inflation may soon be too low. But the Bank of England is scared to cut interest rates
City Comment: The Bank should start chopping interest rates as soon as it can
Australian Associated Press
Consumer spending the wildcard in rate hike uncertainty
The spending appetite of consumers remains a key source of uncertainty for the Reserve Bank as the battle against inflation rages.

ALL ORDS

ASX 200

AUD/USD

OIL

GOLD

Bitcoin AUD

CMC Crypto 200

AUD/EUR

AUD/NZD

NZX 50

NASDAQ

FTSE

Dow Jones

DAX

Hang Seng

NIKKEI 225

Union announces talks with Carlyle on Thyssenkrupp Marine Systems investment

Latest stories

Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K

Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal

Nvidia earnings could spark $200 billion swing in shares, options show

Philippines Warns of Intervention as Peso Drops Past Key Level

Gold Trims Gains as Traders Book Profit After Fresh Record

Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’

Anglo shareholder LGIM supports break-up plan as BHP circles

TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor

Shareholders Are Optimistic That Meta Platforms (NASDAQ:META) Will Multiply In Value

Investors in Vita Life Sciences (ASX:VLS) have seen stellar returns of 216% over the past five years

Insider-Owned Indian Growth Companies To Watch In May 2024

Seth Klarman 2024 Portfolio: Top New Stock Picks

RBA keeps door open to another rate hike

UK inflation - latest: Rates set to return close to 2% target in boost for Bank of England

Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

Americans still believe this one credit card myth — and it’s doing them no financial favors

Palo Alto Networks shares drop 8% premarket as billings outlook disappoints

Morning Bid: Metals zoom as investors wait on rates

Inflation may soon be too low. But the Bank of England is scared to cut interest rates

Consumer spending the wildcard in rate hike uncertainty