Stocks close mixed as Fed holds interest rates steady

NCA NewsWire
Aussie bank ditches cash payments
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
Yahoo Finance AU
Tax warning: Aussies still paying back ATO bill could get slugged again
Mia is still paying off her unexpected tax bill - and experts warn she and millions more could get slugged again
NCA NewsWire
Awkward detail in new tax cuts
New detail on the much-anticipated stage 3 tax cuts has revealed their short-lived effect, with Aussies to be slammed by income tax once more within two years.
Bloomberg
China Builder Agile Defaults for First Time on Dollar Bonds
(Bloomberg) -- Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsFive Under-the-Radar Billionaires Making Vast For
Yahoo Finance AU
$3 billion lifeline to reduce HECS-HELP debt explained
The government has announced massive changes to the way student loan debt is paid off.
GOBankingRates
How To Generate Passive Income With Just $5,000
Passive income is a great way to boost your finances and supplement your regular earnings with little time or effort. The prospect of generating extra money in addition to your full-time job or side...
Bloomberg
BHP Shareholders See Room for One More Sweetened Anglo Bid
(Bloomberg) -- Shareholders in BHP Group Ltd. and takeover target Anglo American Plc expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketSlovak Premier Fighting for Life After Assassination AttemptHow One of the World's Oldest Hedge Funds Went Ba
Yahoo Finance AU
Tax change gives almost every worker a pay rise - but only worth a cup of coffee for some
Big changes are happening from July 1 and there are a few features to be aware of. Use our calculator to determine how much you'll save in tax.
GOBankingRates
Wealthy Retirement: 3 Ways To Become a Millionaire by 65
If you want to become a millionaire by age 65 -- the target retirement age for many -- you need to get busy as soon as possible. The earlier you put a plan in place, the easier it will be to reach...
GOBankingRates
Why You Should Sell Off Stocks Before the Presidential Election
In May, Warren Buffett, Berkshire-Hathaway chairman, sold off more than 100 million shares of Apple stock, despite claims that he plans to remain invested in Apple. The reason? He's nervous about what...
Bloomberg
Alibaba Falters Again While Tencent Builds on Its Recovery
(Bloomberg) -- Tencent Holdings Ltd. reported a far better-than-projected 62% surge in earnings while rival Alibaba Group Holding Ltd.’s profit plunged, highlighting the growing divergence between China’s twin internet powerhouses during a rocky post-Covid recovery.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesMacron Puts French Banks in
Bloomberg
Galaxy’s Novogratz Sees Bitcoin Stuck in $55,000 to $75,000 Range for Now
(Bloomberg) -- Michael Novogratz, the founder of digital-asset financial services firm Galaxy Digital Holdings Ltd., said Bitcoin is likely to remain stuck in a relatively narrow trading range for at least the current quarter while the adoption of crypto in traditional finance continues. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesMacr
Simply Wall St.
Volution Group (LON:FAN) Is Doing The Right Things To Multiply Its Share Price
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
GOBankingRates
35 Useless Expenses You Need To Slash From Your Budget Now
Coming up with ways to save some extra money each month can seem impossible -- but you might be surprised by just how many unnecessary items are hiding out in your everyday expenses. Be Aware: 10...
Yahoo Finance Video
These two factors will bring inflation to 2%: Economist
Ahead of the highly anticipated Consumer Price Index (CPI) report scheduled for release on Wednesday, PNC Financial Services Group Chief Economist Gus Faucher joins Market Domination Overtime to discuss the potential implications of future Federal Reserve rate cuts. Faucher anticipates a slowdown in the year-over-year CPI report, which he considers "good news from the Fed's perspective." However, he expects the Federal Reserve to maintain a cautious stance and keep interest rates on hold until it can observe "more definitive proof that inflation is really slowing." Faucher outlines two critical factors that need to materialize for the Fed to achieve its inflation target: "slower growth in housing costs," which has not yet been reflected in the shelter component of inflation data. And second, weaker wage growth is necessary, as these two elements combined can guide markets "back to that 2% objective." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Simply Wall St.
Acadian Timber (TSE:ADN) Is Paying Out A Dividend Of CA$0.29
The board of Acadian Timber Corp. ( TSE:ADN ) has announced that it will pay a dividend on the 15th of July, with...
GOBankingRates
I’m a Boomer Retiree: Why I Have No Regrets About How I Saved and Spent My Money
When it comes to finances, it's tough to find someone with absolutely zero regrets. One study from the National Bureau of Economic Research (NBER) found that roughly 60% of older individuals -- either...
Reuters
UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes
European shares were subdued on Tuesday as investors braced for a key U.S. inflation data and Federal Reserve Chair Jerome Powell's remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber. After strong gains last week, investors are at bay for two days now ahead of the U.S. producer prices inflation data and Powell's remarks, one day prior to the market-moving consumer prices inflation data, for clues on the Fed's interest rate-cut outlook.
Bloomberg
Yen Strengthens More Than 1%, Easing Intervention Speculation
(Bloomberg) -- The yen jumped more than 1% against the dollar after a reading of US consumer price growth showed softening inflation pressures.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesJapan’s currency clim
Simply Wall St.
ASX Growth Companies With High Insider Ownership For May 2024
As the ASX200 shows a modest uptick, driven by strong performances in the materials and healthcare sectors, investors are keenly observing market dynamics and economic indicators like the recent rise in the Wage Price Index. In this context, understanding which growth companies have high insider ownership can provide valuable insights into potential commitment levels from those most familiar with these businesses. High insider ownership often signals strong confidence in a company's future...

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Stocks close mixed as Fed holds interest rates steady

Latest stories

Aussie bank ditches cash payments

Tax warning: Aussies still paying back ATO bill could get slugged again

Awkward detail in new tax cuts

China Builder Agile Defaults for First Time on Dollar Bonds

$3 billion lifeline to reduce HECS-HELP debt explained

How To Generate Passive Income With Just $5,000

BHP Shareholders See Room for One More Sweetened Anglo Bid

Tax change gives almost every worker a pay rise - but only worth a cup of coffee for some

Wealthy Retirement: 3 Ways To Become a Millionaire by 65

Why You Should Sell Off Stocks Before the Presidential Election

Alibaba Falters Again While Tencent Builds on Its Recovery

Galaxy’s Novogratz Sees Bitcoin Stuck in $55,000 to $75,000 Range for Now

Volution Group (LON:FAN) Is Doing The Right Things To Multiply Its Share Price

35 Useless Expenses You Need To Slash From Your Budget Now

These two factors will bring inflation to 2%: Economist

Acadian Timber (TSE:ADN) Is Paying Out A Dividend Of CA$0.29

I’m a Boomer Retiree: Why I Have No Regrets About How I Saved and Spent My Money

UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes

Yen Strengthens More Than 1%, Easing Intervention Speculation

ASX Growth Companies With High Insider Ownership For May 2024