Stock market: S&P 500, Nasdaq continue rebound from Q2 lows

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
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...
Yahoo Finance AU
Federal Budget 2024: $3 billion lifeline to reduce HECS-HELP debt explained
The government has announced massive changes to the way student loan debt is paid off.
Reuters
GameStop soars as flag bearer 'Roaring Kitty' resurfaces, sparks meme stock rally
(Reuters) -Shares of videogame retailer GameStop surged nearly 75% on Monday after "Roaring Kitty", an account associated with a social media finance influencer credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from the app. GameStop's shares hit an 18-month high at $38.20 and were halted multiple times for volatility. The Grapevine, Texas-based firm's rally also boosted other meme stocks that have been hammered over the past year.
Yahoo Finance AU
Federal Budget 2024: 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
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...
Simply Wall St.
Investing in Toro (NYSE:TTC) five years ago would have delivered you a 33% gain
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...
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
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...
CNN Business
McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
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
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.
Reuters
Archegos' Hwang lied to become Wall Street legend, prosecutors say as trial begins
(Reuters) -Sung Kook "Bill" Hwang tried to trick all of Wall Street, a federal prosecutor told a Manhattan federal jury, as his trial on charges stemming from the 2021 collapse of Hwang's $36 billion fund Archegos Capital Management began on Monday. Prosecutors say Hwang lied to Wall Street banks to secure billions of dollars of funding he used to inflate stock prices. Former Archegos Chief Financial Officer Patrick Halligan, who is also on trial, enabled the scheme, they claim.
Simply Wall St.
Swedish Exchange Highlights Three Growth Companies With High Insider Ownership
Amidst a backdrop of global economic recalibrations and market adjustments, the Swedish stock market continues to present intriguing opportunities for investors. This article focuses on three growth companies in Sweden that not only demonstrate promising expansion potentials but also feature high insider ownership, a factor that can signal strong confidence in the company's future from those who know it best.
Reuters
GLOBAL MARKETS-World shares little changed ahead of US inflation data
World shares marked time on Tuesday and were still just shy of record highs ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme. A broadly positive first quarter-earnings season has helped stock markets in recent weeks, but investors this week have been cautious ahead of important U.S. inflation data. The U.S. producer price index due at 1230 GMT is Tuesday's main macroeconomic event, though it will likely be overshadowed by Wednesday's consumer inflation data numbers, one of the major data points of the month.
Simply Wall St.
Medical Facilities (TSE:DR) Is Paying Out A Dividend Of $0.09
Medical Facilities Corporation's ( TSE:DR ) investors are due to receive a payment of $0.09 per share on 1st of...
Reuters
Citi executive in charge of implementing bank's restructuring departs
CEO Jane Fraser began a sweeping reorganization in September to simplify the bank and improve performance. Investors have rewarded Fraser with a boost in the share price since the overhaul began. Cole, who has spent 30 years at Citi, is taking the role of an executive director at a non-profit focused on women and healthcare.
Australian Associated Press
Spending takes a hit as household budgets stretched
Higher interest rates and cost-of-living pressures have been weighing on household spending and the retail sector.

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Stock market: S&P 500, Nasdaq continue rebound from Q2 lows

Latest stories

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

How To Generate Passive Income With Just $5,000

Federal Budget 2024: $3 billion lifeline to reduce HECS-HELP debt explained

GameStop soars as flag bearer 'Roaring Kitty' resurfaces, sparks meme stock rally

Federal Budget 2024: Tax change gives almost every worker a pay rise - but only worth a cup of coffee for some

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

Investing in Toro (NYSE:TTC) five years ago would have delivered you a 33% gain

Alibaba Falters Again While Tencent Builds on Its Recovery

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

McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore

These two factors will bring inflation to 2%: Economist

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

Archegos' Hwang lied to become Wall Street legend, prosecutors say as trial begins

Swedish Exchange Highlights Three Growth Companies With High Insider Ownership

GLOBAL MARKETS-World shares little changed ahead of US inflation data

Medical Facilities (TSE:DR) Is Paying Out A Dividend Of $0.09

Citi executive in charge of implementing bank's restructuring departs

Spending takes a hit as household budgets stretched