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Nvidia share slide erases $816 billion in market value
Financial Times: Chipmaker’s shares have fallen 15% since Thursday,
NZX 50 ends the week down after flurry of index reweighting – market close
Turnover was $445.7 million, more than twice the $168m average daily turnover in May.
Investors cheer as Cyril Ramaphosa sworn in as South Africa’s president
Financial Times: Rand and equities rise after ANC seals power-sharing agreement.
Nvidia vaults past Apple and Microsoft to become world’s most valuable company
Financial Times: Landmark moment, explosive rally with investor excitement over AI.
Infratil’s successful $1b institutional placement boosts NZ shares
Investment firm among the biggest gainers after resuming trading.
Toyota shareholders demand vote against chairman after Japan scandal
Chairman to run gauntlet after major embarrassment for the company.
Infratil plans big data centre expansion
Infratil plans to raise $1.15 billion to fund growth in data centre company CDC.
US executive pay rises at fastest rate in 14 years
Financial Times: Figures follow Elon Musk’s triumph over huge Tesla package.
Markets with Madison: Rescuing Ryman
Retirement village company Ryman Healthcare has been a financial disaster. Now its board is taking drastic action. Video / Carson Bluck
Kiwis voting on Elon Musk’s giant pay package; Air NZ cuts costs
And the joke doing the rounds after the latest US Federal rate announcement.
Confessions of a reporting season: How New Zealand companies are faring
The good, bad and ugly of the May reporting season. Plus, some tips for the year ahead.
Why Tesla shareholder vote won’t be the end of Elon Musk’s fight
Financial Times: Dispute over CEO’s record pay package has rattled the corporate bar.
Markets with Madison: Crypto > Property?
New research shows more New Zealanders are buying cryptocurrency – potentially signaling a shift away from the property asset obsession. Video / Carson Bluck
SkyCity attempts to assure investors after dividend shock and share price plunge
'There is no material change to our liquidity position' - chairman Julian Cook.
Meme stocks are roaring again. Yes, again
Wall Street is better prepared this time, but the risks remain.
Why NZ sharemarket had biggest jump in single day of trading in 13 years, outside of Covid rally
But experts warn more volatility is likely until clearer view of interest rates cuts.
Stocks sink as bond sell-off fuels jitters
Financial Times: Low demand for new Treasury auctions prompts retreat in major indices.
Opposition to Burger Fuel's $4m payout extinguished
Burger Fuel raised millions for a US deal that didn't go ahead.
Markets with Madison: Telcos v big tech
The CEO of One NZ, says big tech has benefitted from its multi-million-dollar investments in infrastructure. Now he plans to make them pay. Video / Carson Bluck | Alyse Wright
NZ’s top finance professionals: The big winners at the Infinz Awards
The Institute of Finance Professionals hosted its annual awards dinner last Thursday.