IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks

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...
GOBankingRates
In 5 Years, These 8 Stocks Will Be More Valuable Than Amazon
Amazon stock shares are up a whopping 76% in the past year, as of May 6. What's more, the company reported strong first quarter earnings on April 30, with operating income of $15.3 billion, according...
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...
Simply Wall St.
RTX's (NYSE:RTX) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of RTX Corporation ( NYSE:RTX ) has announced that it will be increasing its dividend by 6.8% on the 13th of...
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.
GOBankingRates
Jeff Bezos’ Siblings Turned $10K Into $1B: 3 Secrets to Successful Wealth Creation
Sometimes having a sibling with a brilliant business mind can pay off very well. Sometimes those gains come with significant risk. Check Out: 10 Valuable Stocks That Could Be the Next Apple or Amazon...
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.
Reuters
Dollar weaker on Fed rate cut hopes, yen retreats after strong week
NEW YORK (Reuters) -The dollar fell against most currencies on Monday for a fourth straight session as recent labor market data and comments from Federal Reserve officials buoyed rate-cut hopes, but the greenback strengthened against the yen after last week's suspected interventions. The dollar index, which measures the greenback against a basket of major currencies, was on track for its longest streak of declines since early March. Friday's U.S. payrolls report showed the smallest jobs gain since October, easing concerns the Fed would have to keep interest rates higher for longer.
Insider Monkey
What Makes The Toro Company (TTC) a Lucrative Investment?
The London Company, an investment management company, released “The London Company SMID Cap Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets posted solid returns in Q1. The portfolio gained 9.4% (9.2% net) during the quarter compared to 6.9% returns for the Russell 2500 Index. Both stock selection […]
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 AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeFrance’s Macron Calls for Reset of Economic Ties With ChinaTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron S
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%.
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
S&P 500 Keeps Momentum Going With Winning Run: Markets Wrap
(Bloomberg) -- Stocks headed toward their best three-day rally since November, fueled by speculation the Federal Reserve will be able to cut interest rates this year.Most Read from BloombergHamas Says It Accepts Proposal for Cease-Fire With IsraelAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackS&P 500 Keeps Momentum Going With Winning Run: Markets WrapThe S&P
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 AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallFrance’s Macron Calls for Reset of Economic Tie
Bloomberg
IPhone Maker Hon Hai Hits a Record High Buoyed by AI, Apple
(Bloomberg) -- Hon Hai Precision Industry Co.’s shares jumped to a record high after posting its strongest monthly sales growth since the start of 2023, potentially raising expectations for iPhone and AI server sales.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallFrance’s Macron Calls for Reset of Economic Ties With ChinaLamborghini Bros

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IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks

Latest stories

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

In 5 Years, These 8 Stocks Will Be More Valuable Than Amazon

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

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

RTX's (NYSE:RTX) Shareholders Will Receive A Bigger Dividend Than Last Year

Berkshire shareholders reject climate, diversity, China proposals

Jeff Bezos’ Siblings Turned $10K Into $1B: 3 Secrets to Successful Wealth Creation

Everton buyers accused of 'fraud' in court filing

Dollar weaker on Fed rate cut hopes, yen retreats after strong week

What Makes The Toro Company (TTC) a Lucrative Investment?

Yellen Counsels Caution on Currency Intervention After Yen Surge

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

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

S&P 500 Keeps Momentum Going With Winning Run: Markets Wrap

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

IPhone Maker Hon Hai Hits a Record High Buoyed by AI, Apple