US added 175,000 jobs in April, Apple’s stock rallies on earnings: Yahoo Finance

Yahoo Finance AU
Hidden blow for Chemist Warehouse customers in the budget
The pharmacy giant will no longer be able to offer discounts on the price of prescription medicines. Here’s what it means for you.
CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Futurism
Man Buys Used Tesla, Discovers Horrendous Issue
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
Yahoo Finance AU
Surprising job paying $50 an hour with no uni degree required: ‘One week training’
A Sydney worker has shared the details of the well paid job. But it won’t be for everyone.
Yahoo Finance Video
Nvidia's long-term growth is uncertain: Analyst
Nvidia (NVDA) will post its first quarter earnings for the 2024 fiscal year next week, with many on Wall Street watching closely as the tech giant led recent rallies in the tech sector. One of the chip giant's competitors, AMD (AMD), has just partnered with Microsoft (MSFT) to offer its products to Microsoft's cloud computing customers. Wedbush Equity Research SVP Matt Bryson and Truist Securities Managing Director William Stein join Market Domination to give insight into what investors should expect from Nvidia's earnings, how AMD stands in the sector, and how investors should navigate the chip sectors. Stein argues that Nvidia's short-term future is most likely successful, but uncertainty mounts down the line: "I think certainly they're going to beat this quarter. And I think they're going to beat in the out quarter guide as well. But I think the real question is what happens through this year and into next year's numbers. Does the company give us an indication that we're going to continue to see growth and very strong demand, both for units and for integrated systems, where the company is getting the growth from?" 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
Australian Associated Press
Dutton pledges to slash migration to fix housing crisis
Peter Dutton has laid out a plan to get Australia "back on track" in his budget response that would crack down on migration and international students.
Insider Monkey
Is Meta Platforms (NASDAQ:META) The Best AI Stock Pick of Billionaire Stanley Druckenmiller?
Insider Monkey recently analyzed billionaire Druckenmiller’s latest Q1’2024 portfolio to see which AI stocks the billionaire was buying. Meta Platforms Inc (NASDAQ:META) is part of the 10 Best AI stocks to Buy According to Billionaire Stanley Druckenmiller. But the interesting question to answer is: Is Meta really the best AI pick of Druckenmiller? Meta Platforms […]
CNN Business
Why we care so much about the Dow, the stock market’s dumbest index
The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it.
Yahoo Finance AU
Expert reveals tax benefits as Aussie couple refuse to join bank accounts - even after 8 years and 2 kids
Loviner and Brad have two kids together, but have never set up a joint bank account and an expert has weighed in on why they may have made a wise decision. Find out more here.
Bloomberg
Norway Wealth Fund Blacklists Adani Ports Citing Ties to War
(Bloomberg) -- Norway’s $1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd. from its portfolio, citing “unacceptable” risks that the company is tied to human rights violations in war and conflict zones.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptJamie Dimon Sees ‘Lot of Inflationary Forces
Bloomberg
A Heavy Monsoon Season Is Great News for These Indian Stocks
(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Dat
Australian Associated Press
Pressure coming off RBA as jobs market loses some heat
The Australian workforce is expanding faster than employers are opening up new positions, which should help the Reserve Bank in its fight against inflation.
Yahoo Finance AU
Hack to help millions of Aussies more than double their $300 energy rebate
You can knock off hundreds of dollars from your electricity bill if you're proactive.
Bloomberg
China Sells Record Sum of US Debt Amid Signs of Diversification
(Bloomberg) -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying
Investing.com
Deutsche Bank lifts S&P 500 target on strong earnings
Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100.
Reuters
Siemens misses profit forecast as customers stick to trend of destocking
ZURICH (Reuters) -Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. Although Siemens expects an improvement in coming months, it was likely to come more slowly than previously thought, Chief Executive Roland Busch said. "A key reason is the muted development in China," he told reporters.
Reuters
FOREX-Dollar rebounds after falling on weaker US inflation, yen ticks up
The dollar found a footing on Thursday after falling sharply on Wednesday on the back of data showing a slowdown in U.S. inflation, while Japan's yen inched higher after jumping the previous day. Year-on-year core inflation - which strips out volatile food and energy prices - fell to its lowest in three years at 3.6%. Some analysts said Fed officials will want to see proof of inflation's downward path before countenancing cuts, a point made by Minneapolis Fed President Neel Kashkari on Wednesday.
Investing.com
Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac
Stock market bulls regained control in May after April's decline interrupted an impressive five-month run from November to March, during which the market rose each month, with the S&P 500 gaining 25.3%.
Reuters
China's factories fire up but consumer slump persists
BEIJING (Reuters) -China's factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure on Beijing to do more to support growth. A mixed set of data on Friday followed other indicators for April that showed a patchy recovery in the world's second-largest economy, with trade and consumer prices perking up but credit growth mired by weak consumer confidence. Industrial output grew 6.7% year-on-year in April, National Bureau of Statistics (NBS) data showed, accelerating from the 4.5% pace seen in March and above the 5.5% increase tipped in a Reuters poll of analysts.
NCA NewsWire
Advocates call out budget imbalance
The Treasurer has been blasted for providing a budget that does not adequately support Australia’s poorest people amid the ongoing cost-of-living crisis.

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US added 175,000 jobs in April, Apple’s stock rallies on earnings: Yahoo Finance

Latest stories

Hidden blow for Chemist Warehouse customers in the budget

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

Man Buys Used Tesla, Discovers Horrendous Issue

Surprising job paying $50 an hour with no uni degree required: ‘One week training’

Nvidia's long-term growth is uncertain: Analyst

Dutton pledges to slash migration to fix housing crisis

Is Meta Platforms (NASDAQ:META) The Best AI Stock Pick of Billionaire Stanley Druckenmiller?

Why we care so much about the Dow, the stock market’s dumbest index

Expert reveals tax benefits as Aussie couple refuse to join bank accounts - even after 8 years and 2 kids

Norway Wealth Fund Blacklists Adani Ports Citing Ties to War

A Heavy Monsoon Season Is Great News for These Indian Stocks

Pressure coming off RBA as jobs market loses some heat

Hack to help millions of Aussies more than double their $300 energy rebate

China Sells Record Sum of US Debt Amid Signs of Diversification

Deutsche Bank lifts S&P 500 target on strong earnings

Siemens misses profit forecast as customers stick to trend of destocking

FOREX-Dollar rebounds after falling on weaker US inflation, yen ticks up

Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac

China's factories fire up but consumer slump persists

Advocates call out budget imbalance