Company News for Jul 5, 2024

Simply Wall St.
Favourable Signals For Algonquin Power & Utilities: Numerous Insiders Acquired Stock
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like...
Moneywise
Warren Buffett said that he could end America's deficit problem 'in five minutes' — here's what he would do
The Oracle of Omaha has a simple solution.
GOBankingRates
I’m a Self-Made Millionaire: 3 Investments I’ll Make in the Second Half of 2024
Becoming a millionaire is the dream, one that can become a reality even for those who were not born into affluent families. According to The Ascent, roughly 8.8% of the American population is a...
Business Insider
How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money
The amount Hindenburg Research made from it's short-seller report on Adani Group pales in comparison to the market value it erased.
CNN Business
John Deere to lay off roughly 600 employees from three US factories
The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.
Business Insider
Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.
BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires. Now, he's passing some of the wealth to employees.
Fortune
Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say
“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.
Simply Wall St.
Here's Why Bird Construction (TSE:BDT) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Moneywise
Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently
There’s no one-size-fits-all plan for retirement.
Fortune
On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook
The S&P 500's current multiple stands at 28.9. Except during the Great Financial Crisis when profits collapsed, that's the highest PE for any quarter since the tech bubble of the late 1990s and early 2000s.
Barrons.com
Stocks Poised to Open Lower
This week’s economic highlights include the June consumer price index, the first batch of second-quarter earnings, and Fed Chair Jerome Powell’s semiannual report to Congress.
BBC
Samsung expects profits to jump by more than 1,400%
The South Korean tech giant is benefiting from the AI boom which has lifted the prices of advanced chips.
Barrons.com
7 Stocks Poised for a Strong Second Half. And They Aren’t Tech Giants.
Barron’s found seven candidates—that aren’t the six tech giants—that have improving Wall Street sentiment, increasing earnings estimates, and haven’t substantially outperformed the market. The performance of the big six stocks has pushed up the return of the overall index.
GOBankingRates
Trump Wants To Eliminate Income Taxes: How Would That Impact You If You Are Retired?
Former president Donald Trump has long favored strict tariffs on imported goods, which could lead to much higher prices on items that are cheaper to source overseas. To help soften the blow to...
South China Morning Post
Chinese stocks mired in 'secular bear market', says top Morgan Stanley strategist
When Morgan Stanley strategist Jonathan Garner downgraded China stocks in January 2021, he said it was the time for the market to catch a breather after emerging from Covid-19 and wait for other emerging markets to catch up. That call turned out to be close to the top of a mega market cycle. The world's second-largest equity market peaked, then crashed in the following month and has been mired in a painful slump for three straight years since then. Total market capitalisation of China's onshore
Fortune
S&P 500 investors vs. actively managed funds: 2024 is an even better year for buying and holding the index
According to data from Morningstar Direct, just 18.2% of actively managed funds whose primary prospectus benchmark is the S&P 500 are outperforming the index in the first half of this year.
Business Insider
Having Elon Musk as a boss is a tough gig — just ask X's Linda Yaccarino
X has faced financial pressures since Elon Musk's takeover, and tensions are reportedly rising between him and CEO Linda Yaccarino.
Moneywise
Charlie Munger had snarky words for get-rich gurus — how he urged investors to build wealth instead
The late billionaire didn’t hold his punches.
Simply Wall St.
3 SGX Stocks Estimated To Be Undervalued By At Least 43%
Amidst a stable regulatory environment in the financial sector, as evidenced by Visa and Mastercard's commitment to maintain capped tourist card fees, the Singapore market presents intriguing opportunities. Understanding what constitutes an undervalued stock is crucial, especially in a market where strategic financial operations can influence overall economic conditions.
Yahoo Finance
Inflation data, Powell speaks, and big banks report earnings: What to know this week
With a cooling labor market narrative emerging, investor focus will shift back to inflation for signs that a September interest rate cut remains likely for the Federal Reserve.

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Company News for Jul 5, 2024

Latest Stories

Favourable Signals For Algonquin Power & Utilities: Numerous Insiders Acquired Stock

Warren Buffett said that he could end America's deficit problem 'in five minutes' — here's what he would do

I’m a Self-Made Millionaire: 3 Investments I’ll Make in the Second Half of 2024

How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money

John Deere to lay off roughly 600 employees from three US factories

Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.

Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

Here's Why Bird Construction (TSE:BDT) Has Caught The Eye Of Investors

Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently

On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook

Stocks Poised to Open Lower

Samsung expects profits to jump by more than 1,400%

7 Stocks Poised for a Strong Second Half. And They Aren’t Tech Giants.

Trump Wants To Eliminate Income Taxes: How Would That Impact You If You Are Retired?

Chinese stocks mired in 'secular bear market', says top Morgan Stanley strategist

S&P 500 investors vs. actively managed funds: 2024 is an even better year for buying and holding the index

Having Elon Musk as a boss is a tough gig — just ask X's Linda Yaccarino

Charlie Munger had snarky words for get-rich gurus — how he urged investors to build wealth instead

3 SGX Stocks Estimated To Be Undervalued By At Least 43%

Inflation data, Powell speaks, and big banks report earnings: What to know this week