China sends warships, jets to ‘punish’ Taiwan

Wall Street banks plunder Jarden’s ranks as bonuses land, US Sues to Break Up Live Nation, Ticketmaster ‘Monopoly’, Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes, Questions raised about My Food Bag’s return to dividends, Smart heads bet BHP’s Anglo American bid gets over finish line and China sends warships, jets to ‘punish’ Taiwan.

May 24, 2024

Good Morning,

Wall Street banks plunder Jarden’s ranks as bonuses land, US Sues to Break Up Live Nation, Ticketmaster ‘Monopoly’, Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes, Questions raised about My Food Bag’s return to dividends, Smart heads bet BHP’s Anglo American bid gets over finish line and China sends warships, jets to ‘punish’ Taiwan.

Let's jump in.

Before The Bell

Markets

  • ASX to drop, US equities fall on Fed rate outlook (AFR)

  • Bonds Sink as Data Fuel Bets Fed in No Rush to Cut: Markets Wrap (BBG)

Earnings and Data

  • Xero results gives something for ‘bulls and bears’ (NBR)

  • Questions raised about My Food Bag’s return to dividends (NBR)

News Summary

  • Teenager dies after attack at Dunedin bus hub (Stuff)

  • Former CEO of McDonald’s NZ dies after lifetime of rising through the ranks (Stuff)

  • Mastercard set to use AI to help find compromised cards quicker and before they get used by criminals (Stuff)

  • NPD stays NZ-owned as CEO takes on 100% stake (Stuff)

  • China sends warships, jets to ‘punish’ Taiwan (AFR)

  • ‘Boring but critical’: Canva’s plan to win over Wall Street (AFR)

  • Investors bet that Nvidia will leave Magnificent Seven rivals behind (AFR)

  • Wall Street banks plunder Jarden’s ranks as bonuses land (AFR)

  • Kiwi fintechs bring in billions but should see open banking boost (NBR)

  • Reserve Bank happy to take part in inquiry into rural lending (NBR)

  • Aussie scam losses are decreasing (NBR)

  • Revolut wants to ‘shake up’ uncompetitive banking sector (NBR)

  • US Sues to Break Up Live Nation, Ticketmaster ‘Monopoly’ (BBG)

  • Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes (BBG)

  • Embattled Segantii Can Exit 97% of Portfolio Within Five Days (BBG)

  • US Mortgage Rates Fall Below 7% for First Time Since Early April (BBG)

  • Tesla Omits Goal to Make 20 Million Cars by 2030 From Report (BBG)

  • Supreme Court backs South Carolina Republicans in race-based voting map fight (RT)

  • Russia finds it challenging to keep the lid on oil output, analysts, sources say (RT)

  • Boeing sees free cash burn in 2024 as deliveries remain sluggish (RT)

Deal Flow

Investments / M&A

  • Five V Capital signs $200m-plus Habit Health acquisition (AFR)

  • Smart heads bet BHP’s Anglo American bid gets over finish line (AFR)

  • Firefly Aerospace Backers Explore $1.5 Billion Sale (BBG)

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