Company News for June 11, 2024

Reuters
China asks Visa, Mastercard to cut card fees, Bloomberg News reports
The Payment & Clearing Association of China is proposing lowering the fees charged on foreign card transactions to 1.5% from between 2% and 3%, the report said. If implemented, the proposal could cut costs for foreign nationals visiting China. While merchants bear the fees charged by Visa and Mastercard, they often pass these on to their customers through price hikes.
Insider Monkey
The Largest Economy in the World by 2050
We recently compiled a list of the Top 20 Largest Economies in the World by 2050 and in this article we will take a look at the country that’s expected to be the largest in 2050. Global Economic Forecast: Emerging Markets Set to Dominate by 2050 According to a report by the Organisation for Economic Co-operation […]
GOBankingRates
The US Debt Is Near $1,000,000 Per American: Where the Money Went and Why It Matters to You
America has a problem: We, as a country, are in a massive money hole. It's one of many issues the nation is currently facing and attempting to figure out a solution forward. While many nations...
Bloomberg
Tiny Singapore sees sudden frenzy in deals from around the world
Singapore has turned into a hive of activity for mergers and acquisitions this quarter as investor confidence returns, helped by relative economic and political stability.
GOBankingRates
How Much Will Your Amazon Shares Be Worth in 5 Years? Stock Experts Project
Amazon (Nasdsq: AMZN) stock has long been a darling of tech sector investors. Even when the share price dropped by almost half in 2022, investors still buy it. Right now, it sits at number 5 on the...
Barrons.com
A Veteran Value Investor on 3 Things to Avoid—and Why He Likes Meta Stock
Kevin Holt, manager of Invesco’s Comstock fund, studies companies over a 20-year cycle. Energy, healthcare stocks also make his list.
Reuters
Analysis-Nvidia’s staggering gains leave investors wondering whether to cash in or buy more
The huge rally in Nvidia Corp's shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year. Nvidia this week briefly became the largest U.S. company by market value on the back of a more than 1,000% surge in share price since October 2022. Nvidia bulls say more gains are coming.
Zacks
Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know
Advanced Micro Devices (AMD) closed the most recent trading day at $161.23, moving -0.34% from the previous trading session.
Simply Wall St.
Investors in British American Tobacco (Malaysia) Berhad (KLSE:BAT) have unfortunately lost 58% over the last five years
Generally speaking long term investing is the way to go. But no-one is immune from buying too high. For example, after...
Barrons.com
Move Over, Amazon. Doug McMillon Turned Walmart Into an E-Commerce Juggernaut, Too.
BEST CEOS Walmart has gone from a stodgy big-box discounter to an e-commerce juggernaut in the past decade. Investors have Doug McMillon to thank. When McMillon, 57, took the reins in 2014, consumers and investors were scarcely interested in any retailer that wasn’t Amazon.
GOBankingRates
I’m a Frugal Self-Made Millionaire: Here Are 5 Savings Tricks To Make Sure You’re on Track for Retirement
No one wants to run out of money in retirement. And wealthier retirees can go broke just like everyone else -- if they spend more than they can afford. Also: I'm a Self-Made Millionaire: Here's...
Fortune
Nvidia is carrying the S&P 500 like no company since possibly IBM 4 decades ago, expert says: ‘It’s unheard of’
While the index is up over 15% this year, that growth is by no means evenly shared. It's leaving portfolio managers "biting their nails."
Barrons.com
Bitcoin Price Drops. MicroStrategy’s Big Buy Isn’t Helping.
The largest crypto was falling on Friday despite a major purchase of the crypto by software company MicroStrategy.
Yahoo Finance Video
Tech records, oil, Nvidia's future: Market Takeaways
Tech sector funds have seen record inflows this week, according to Bank of America's Investment Strategy and EPFR, while crude oil prices (BZ=F, CL=F) are on the rise. In addition, Nvidia (NVDA) shares were bogged down in Friday's session following a sell-off on Thursday. What is in the chip giant's future, and can its stock price manage to bounce back? Yahoo Finance's Jared Blikre walks through the latest market trends for Friday, June 21. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino
Moneywise
Knoxville woman sent her car in for repairs — but then the dealership sold it. Here’s how you could be at risk too
Trust no one.
Barrons.com
Tesla Deliveries Have Been Lousy. That’s Not About to Change.
Barclays’s Dan Levy expects the EV maker will have delivered 415,000 cars in the second quarter. That is below the analyst consensus call.
Zacks
Why You Shouldn't Bet Against Marvell (MRVL) Stock
Marvell (MRVL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Reuters
Rally in U.S. big tech stocks may be getting stretched
A blistering rally in U.S. big tech stocks may be due for a breather, offering hope for market segments that have been more tepid this year. Although the S&P 500 is up 14.6% this year, most of the broader index's gains have been concentrated in the information technology and communications sectors - up 28.2% and 24.3%, respectively. Many investors believe the long-term case for tech stocks is solid, given their strong earnings and excitement over the revolutionary potential of artificial intelligence.
Moneywise
The average American millionaire is 61 years old — here’s why young people are having a hard time joining the $1M club
Seniors have become a major spending force.
Investing.com
Nvidia, Microsoft or Apple: Here's which stock analysts are betting on
Investing.com – The battle between Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) for the title of the world's highest market capitalization has been ongoing since early January, when the iPhone maker ceded the crown to the company founded by Bill Gates, only to reclaim it on June 12. A few days later, NVIDIA Corporation (NASDAQ:NVDA) joined the race, and with the help of artificial intelligence, managed to occupy the top spot for market cap worldwide, albeit for a single session.

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Company News for June 11, 2024

Latest stories

China asks Visa, Mastercard to cut card fees, Bloomberg News reports

The Largest Economy in the World by 2050

The US Debt Is Near $1,000,000 Per American: Where the Money Went and Why It Matters to You

Tiny Singapore sees sudden frenzy in deals from around the world

How Much Will Your Amazon Shares Be Worth in 5 Years? Stock Experts Project

A Veteran Value Investor on 3 Things to Avoid—and Why He Likes Meta Stock

Analysis-Nvidia’s staggering gains leave investors wondering whether to cash in or buy more

Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know

Investors in British American Tobacco (Malaysia) Berhad (KLSE:BAT) have unfortunately lost 58% over the last five years

Move Over, Amazon. Doug McMillon Turned Walmart Into an E-Commerce Juggernaut, Too.

I’m a Frugal Self-Made Millionaire: Here Are 5 Savings Tricks To Make Sure You’re on Track for Retirement

Nvidia is carrying the S&P 500 like no company since possibly IBM 4 decades ago, expert says: ‘It’s unheard of’

Bitcoin Price Drops. MicroStrategy’s Big Buy Isn’t Helping.

Tech records, oil, Nvidia's future: Market Takeaways

Knoxville woman sent her car in for repairs — but then the dealership sold it. Here’s how you could be at risk too

Tesla Deliveries Have Been Lousy. That’s Not About to Change.

Why You Shouldn't Bet Against Marvell (MRVL) Stock

Rally in U.S. big tech stocks may be getting stretched

The average American millionaire is 61 years old — here’s why young people are having a hard time joining the $1M club

Nvidia, Microsoft or Apple: Here's which stock analysts are betting on