Prosecutors have recommended that the DOJ file federal criminal charges against Boeing for violating the terms of a 2021 settlement related to two fatal crashes, Reuters reported.
PATRICK T. FALLON/AFP via Getty Images
US prosecutors recommended the DOJ file federal criminal charges against Boeing, Reuters reported.
In May, officials found the company violated a 2021 settlement agreement related to two fatal crashes.
The DOJ has until July 7 to decide whether to charge Boeing.
US prosecutors have recommended that the Justice Department file federal criminal charges against Boeing for violating the terms of a 2021 settlement related to two fatal crashes, Reuters reported, citing two sources familiar with the matter.
In May, officials found that Boeing had violated the terms of a 2021 settlement related to two fatal crashes in 2018 and 2019. The $2.5 billion settlement deferred prosecution against the company, shielding Boeing from allegations it had defrauded the Federal Aviation Administration as long as it adhered to strict compliance regulations.
After officials determined Boeing had violated the terms of the agreement — which Boeing denies, per Reuters — prosecution was back on the table.
Reuters reported that the DOJ has until July 7 to decide whether to charge Boeing, and officials are not guaranteed to move forward with charges despite the recommendation from prosecutors. The outlet also reported that the DOJ could extend the terms of the existing settlement or propose new, stricter terms.
Business Insider previously reported that the families of the 346 victims of the two 737 Max crashes in 2018 and 2019 are calling for the planemaker to pay a fine of nearly $25 billion.
Representatives for Boeing and the DOJ did not immediately respond to requests for comment from Business Insider.
Steve Willis and Nadia Rose gave up city life in Kuala Lumpur, Malaysia, to move to Bali, Indonesia.
Lena Steinke
Nadia Rose and her partner, Steve Willis, left Kuala Lumpur, Malaysia, in 2022 to move to Bali, Indonesia.
One of the biggest struggles they faced was giving up big city comforts for island living.
Over time, they learned to be more fluid and embraced the island's slower pace of life.
This as-told-to essay is based on a conversation with Nadia Rose, a 31-year-old feminine embodiment guide and creative director in Bali. She also runs a YouTube channel with her partner, Steve Willis, about their life on the island. This essay has been edited for length and clarity.
My partner, Steve, and I moved to Bali two years ago,in July 2022.
I grew up in Malaysia and started my career working in fashion in Kuala Lumpur. While living in the capital, I met Steve, who had moved over from Sydney to work in education in 2015.
After dating for a month, we decided to live together. We started in his apartment and found a better-located one-bedroom service apartment six months later. We were in the heart of the city, near the botanical garden, and happily called it home for six years.
That's when I suggested the move to Bali. I had been running my own digital content business on the side for 8 years and working at a women's retreat company. I've always been passionate about empowering women, and those retreatsopened up a whole new world to me.
I wanted to meet like-minded women and build a community with coaches who I could learn from. I wanted a new challenge, and Bali seemed like a place ripe with creative opportunities.
We were drawn to Bali because it was an international hub between Kuala Lumpur and Sydney, where our families lived. We also really wanted to connect with nature, especially after the pandemic.
Since Steve was also looking to make a career switch, it felt like the right time for us to start the next phase of our lives.
So we took the plunge. Looking back, it was a quick process: We made the decision in January 2022, and six months later, we were in Bali.
The possibilities ahead of us felt boundless, and we couldn't wait to explore new sides of ourselves. In hindsight, it took us longer to find our footing than we expected.
We jumped in and tried to learn how things worked
The bureaucratic stuff was tough, and we soon realized there was no how-to manual. We ended up learning everything the hard way.
For instance, we were used to having our bill payments automated. In Bali, we paid them in person for a few months before we finally learned how to do it online.
We missed the convenience of our service apartment, which had an amazing gym and easy access to public transport.
In Australia, it's easy to walk everywhere. In Malaysia, we could also jump into a car, but here, although it looks like you can walk to your destination, there are hardly any sidewalks. You have to hop on a motorbike to get around, and it took us 10 months before we could get our own.
The challenges we faced trying to get used to our new lives started adding up.
We even had health concerns because mold was growing in the house we leased. After three doctor visits and one hospital visit, we had to travel back to KL before we finally got a diagnosis.
Being surrounded by overwhelming change daily was draining and distracted us from enjoying the process. It didn't help that we were our own biggest critics.
We didn't celebrate ourselves enough for the milestones we achieved during our move
Looking back, we were toofocused on getting our lives in Bali started right away.Quitting our jobs and leaving our homes were huge risks, and we were determined to ensure that we'd made the right decision.
But slowly, over the last two years, living in Bali has taught us to go with the flow more.
Coming from cities, we're used to efficiency and getting things done quickly. But here, you just have to lean back and allow things to unravel in their own time. Even the never-ending traffic.
We've also realized that we weren't alone.
Many others I've spoken to in Bali are experiencing similar challenges of building a life and career here while transitioning from a 9-to-5 schedule. After all, having a routine was a huge part of life in the city.
Life in Bali constantly challenges us to grow. It feels like we're different people every quarter. And at the end of each day,we're glad we made the move.
Yung-Yu Lin has worked at Yahoo, Meta, Visa, PayPal, and Google.
Yung-Yu Lin
Yun-Yu Lin's career evolved from semiconductor engineer to senior product manager at Google.
Lin's résumé strategy emphasizes customizing by career level and segregating applications.
His résumé helped him secure roles at Meta, Visa, PayPal, and Google.
In his 18-year tech career, Yun-Yu Lin changed careers three times.
As a computer science graduate in Taiwan, getting into the semi-conductor industry was a natural path.
He spent nearly five years as an engineer at a Taiwanese chipmaking company before realizing hardware was not his passion. He shifted to work as a software engineer at Yahoo in 2011, where he first saw a product manager in action and was inspired to take up the role down the line.
Three years into Yahoo, he craved a change and decided to explore a career in a new country.
"I was like: okay, maybe I can relocate to a different country or even try to be a PM myself," Lin told Business Insider.
He moved to the US to pursue a MBA at the University of Southern California and landed a data science role at Meta after graduation.
After three years at Meta, he remembered his long-held goal of getting into product management.
In 2018, he joined Visa as a data platform product manager. Over the next five years, Lin worked at PayPal and then Google, where he is a senior product manager.
Throughout his career journey in the US, he has been updating one résumé he first created as an MBA student.
This is the résumé that landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 annual pay package at Google. The pay includes a base salary and restricted stock units.
Yung-Yu Lin Resume
Yung-Yu Lin
Looking back on the résumé he created in 2015, Lin said there are four components of the document that worked in his favor.
1. Connect the dots
As Lin looked for jobs in different countries and industries, and changed roles from engineer to data scientist to product manager, he tried to highlight a common thread between his experiences.
"I'm always trying to look back, trying to find the right intersection — what I can leverage from my past experience," he said. "I was always focused on one specific domain, which is data."
2. Customize according to career level
It is important for résumés' structures to evolve, said Lin.
"When I just graduated from school, I didn't have much experience with real work, so I tried to put my school education higher," he said.
In recent years, he pushed his education to the bottom and replaced it with his most recent job.
He also changed how much he emphasized each role. When he applied to Meta in 2015, he described his roles at Yahoo and Sunplus in three to four bullet points. Now, "my first company, Surplus Technology, it's basically just one sentence."
3. Additional information section
This section at the bottom of Lin's résumé serves two purposes, he said.
First, he uses it to show additional capabilities or certifications that companies don't expect from product managers, but which he has because of his diverse experiences.
Second, the section is his way of tailoring to the job description.
"If you see any specific call out that may be unique for the position or for the company, then you certainly need to find a correlation — add either a certificate or any previous class you have studied into your résumé to do a little bit of customization."
4. Segregate your applications
As an immigrant in the US, Lin knew that he would have to apply for many roles to find one that could sponsor a work visa.
"As a candidate, your biggest enemy is time," he said. When he applied for jobs as an MBA he devised a system to categorize every opportunity into one of three tiers and changed his résumé in different ways.
"Tier one is about 20 to 30 different positions that I really, really want," Lin said. For these companies, he customized not only the "additional information" section but also the bullet points under work experience.
"Tier two is about 30 to 50 positions. They're highly correlated to the tier one positions, but maybe the company or the industry is not my top tier, but I will still take it if I get lucky enough to get out to get the offer," he said. "I don't have so much time to really customize every single tier two application — so that's the type when I customize only 'additional information.'"
Tier three includes the remaining 200-300 positions, which Lin saw as relevant but more of a plan B.
"I pretty much just use one single résumé to apply for all the tier three positions."
Lin is now a senior product manager at Google's San Francisco office. BI has verified his employment and compensation history.
Nicola Prentis is a single mom and often takes care of her company's admin at the playground.
honeyhousephotography.com; Getty Images; Chelsea Jia Feng/BI
Nicola Prentis runs her business, teaching courses on personal finance, as a single mom.
Due to limited working hours, she has adjusted how and when she eats and finds strange times to work.
She even involves her kids in brainstorming sessions to get fresh ideas.
This isn't one of those "how I became a millionaire single mom" stories. As inspiring as those might be, most of us are much closer to the beginning than the end of that path.
Single parents with businesses are juggling clients and deadlines with school pick-ups, endless laundry, and meal prep. We can turn three pieces of bread, a can of beans, and last week's carrots into a child-friendly meal for fusspots.
Using that same ingenuity, I've managed to stretch my available working hours into the productivity and income of a full-time job.
I changed when I eat
Adopting the "16:8" pattern meant I could eat breakfast later, after completing the morning school run. But the real game changer was my 3 p.m. lunches. It keeps me full past my children's 7 p.m. dinner time. One less meal to plan, shop, and prep.
It does help that I live in Spain, where lunch is traditionally the main meal and dinner is a much lighter — and often later — snack. But this also feels right for my body.
I changed what I eat
I rarely batch cook. The problem with batch cooking is that it's still cooking, and cooking is a time-sucker. I opt for no-cook or low-cook, things like pre-made soups and salads or stir-fries with noodles or gnocchi, which cook in just a few minutes.
I do, however, batch shop. I work out how many of each thing we get through a week for perishables and a month for non-perishables and buy enough at once.
This is made easier because I eat the same meal for as many weeks as I can stomach. So far, my limit has been five weeks of salmorejo — a cold Spanish soup, similar to gazpacho. The soup hits all the main food groups as it's served with croutons, chopped veggies, jamon, and a crumbled boiled egg.
I do my admin in the playground
I spend almost 2 hours a day watching my two sons in the playground after school. That was dead time until I started taking my little Chromebook with me and working. I leave certain kinds of tasks specifically for this extra slot I've magicked into my day, like admin and emailing. When they're happily playing with friends, I often get a stretch of time long enough to write marketing content.
Also, on the walk back from dropping off the kids or picking them up from school, I send myself voice notes that I can later transcribe by AI and turn into material. It's a great time for listening to podcasts relevant to my business too.
Walking has another plus: it can enhance creativity. That's what Stanford University researchers found in a study published in 2014 in the Journal of Experimental Psychology. The participants who went for walks saw an 81% increase in tests measuring divergent thinking, a thought process associated with creativity.
I make use of sleepless nights
My children are 6 and 9 but they still regularly wake me in the night for anything from going to the bathroom to throwing up. In the past, if I couldn't get back to sleep, I'd just lie there, restless and awake, until the alarm. Now I get up and work instead. Thanks to some of these pre-dawn wakeups, I have built a website, launched my business, and regularly beat deadlines.
Don't get me wrong — I'd never wake up that early on purpose, but making the most of it has been productive. I usually get a full night's sleep the next night because I have to go to bed early to compensate. But it's not like I'm sacrificing my evening social life because I don't have one as a single mother anyway.
I use my kids as inspiration
I run ideas past them, and things like logos and my business name have evolved with their input because children have unique and amazing insights. My then 8-year-old once suggested a pricing strategy I later heard from a business coach — to put up prices until people stopped buying and then go back to the figure just before that.
My kids have also been useful in other ways. For example, as I teach courses on personal finance, explaining the concept of the stock market to a 9-year-old has helped. Hearing how he explained it back to me also led to successful posts on social media. It was told from the perspective of "if a child can understand this, everyone can."
I may not be a millionaire entrepreneur — yet — but if I get there, this will be how I did it.
Got a personal essay about life as a single parent that you want to share? Get in touch with the editor: akarplus@businessinsider.com.
On Sunday, the billionaire confirmed the news to Page Six, telling the outlet that the child was no "secret" to those close to him.
"As for 'secretly fathered,' that is also false," Musk told the outlet. "All our friends and family know. Failure to issue a press release, which would be bizarre, does not mean 'secret.'"
It's his third child with Zilis. The billionaire quietly had twins with the Neuralink executive in 2021, according to court documents that showed Musk filed a petition to change the twins' names to "have their father's last name and contain their mother's last name as part of their middle name."
It's not clear how many children Musk has in total, but he has 11 living who are publicly known: five with his first wife, the author Justine Musk, three with the musician Grimes, and three with Zilis.
Musk cofounded Neuralink and serves as its co-CEO. The company develops brain-computer technology. The news about another child with Zilis comes a couple of weeks after The Wall Street Journal reported Musk had "boundary-blurring relationships" with female employees at SpaceX.
One former SpaceX employee accused Musk of asking her to have his babies on more than one occasion, the report said. The Journal said she declined the offer and later said she was denied a raise. The outlet reported that she eventually left the company and received an exit package valued at over $1 million.
Musk has talked publicly for years about his views on the risks of declining birth rates and has said he considers the issue to be the biggest threat to civilization. He has also said he's encouraged his friends to have more children. A day after Business Insider reported he had fathered twins with Zilis, he posted on X that he's doing his best "to help the underpopulation crisis."
Musk isn't the only tech mogul who wants to reproduce as a way to save humanity. The ideology has gained traction among some powerful figures who believe they can counteract the risks of falling birth rates by producing genetically superior offspring.
Zilis and Musk did not immediately respond to requests for comment.
It is fair to say that Pilbara Minerals Ltd (ASX: PLS) shares are having a tough year.
After being incredibly resilient in the face of falling lithium prices for some time, they have started to crumble in 2024.
So much so, they are now down over 20% year to date and 35% over the last 12 months.
Has this created a buying opportunity for investors, or should you give Pilbara Minerals shares a wide berth? Let’s find out what analysts are saying.
Pilbara Minerals shares: Buy or Sell?
At the end of last week, the lithium giant announced the results of the pre-feasibility study (PFS) for the expansion of production at the Pilgangoora Operation.
That study found that production capacity at Pilgangoora Operation could be expanded to more than 2 million tonnes per annum (Mtpa) with an estimated capital expenditure of $1.2 billion (-20/+30% accuracy).
Management estimates that the expansion could create significant shareholder value with a P2000 incremental net present value (NPV) of $2.6 billion and incremental internal rate of return (IRR) of 55%. This is based on the assumption of a long term spodumene 6% price of US$1,500 per tonne, which is ahead of current market prices.
Goldman Sachs has responded to the update. Unfortunately, it has seen nothing here to change its bearish view on Pilbara Minerals shares.
As a result, it has retained its sell rating and $2.80 price target on its shares. This implies potential downside of 10% from current levels.
What did the broker say?
Goldman wasn’t overly impressed with the P2000 plan. It commented:
PLS has outlined outcomes of a ‘P2000’ pre-feasibility study (PFS). In line with our Beyond P1000 scenario analysis earlier this year, we see the study result for the next leg of expansion as underwhelming vs. market expectations on a combination of capex, size, and timing.
The broker also highlights that the expansion is likely to have a major impact on its balance sheet and future dividend payments. It adds:
PLS had net cash of A$1.4bn at Mar-24, though this higher capex would likely see PLS move to a net debt position through construction with prolonged negative FCF on our lithium price outlook (prolonging uncertainty on the outlook for dividends). PLS expect to partially fund the project with new loan facilities or other sources, where Australian Federal Government financing agencies have provided non-binding Letters of Support for up to A$400mn for the project following this initial engagement.
PLS also expect to actively engage with selected participants across the battery materials supply chain to explore offtake and partnering opportunities for the expanded production, and has confidence there will be long-term demand for the product, though we reiterate recent new contracts have still been market pricing linked.
All in all, the broker appears to believe investors should stay away from Pilbara Minerals shares until they trade at much lower levels.
Should you invest $1,000 in Pilbara Minerals Limited right now?
Before you buy Pilbara Minerals Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Pilbara Minerals Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Qantas Airways Limited (ASX: QAN) share price has soared more than 21% since 6 March 2024, as investors become more positive about the ASX travel share again.
The share market is usually forward-looking, so let’s consider how FY25 is shaping up for Australia’s biggest airline company.
As expected, travel demand has returned — and boomed — in the couple of years since Australia’s borders reopened after COVID-19 restrictions.
You’d think Australians might have made up for all the holiday time lost during the pandemic by now, but that’s not what Qantas is seeing. Travel demand, it appears, is in flight mode.
It reported that result in February 2024 and said at the time:
Travel demand remains strong across all sectors, with leisure continuing to lead and business travel now approaching pre-COVID levels.
The airline said that “intent to spend on travel among Qantas frequent flyers over the next months remains significantly higher than most other major spending categories.”
It added that it expected unit revenue to remain stable for domestic flying and continue to normalise for international flying as market capacity returned.
Qantas developments
In the last few months, the airline has experienced a number of headline events that may have impacted Qantas shares.
In April, Qantas added more than 20 million frequent flyer reward seats, enabling members to use more of their Qantas points to book flights to places like London, Tokyo, New York and Singapore. This new offering will be fully launched by the end of the 2024 calendar year, which is within FY25.
In May, it was announced that Qantas had agreed to pay $20 million to more than 86,000 customers who were sold tickets on flights that Qantas had already decided to cancel or, in some cases, were re-accommodated on flights after their original flights were cancelled. A $100 million ACCC penalty is being imposed on the airline as well. While these payments will be reflected in FY24, they are expected to be paid after the end of FY24.
The ASX travel share also revealed at the end of May what changes would occur when Perth Airport is expanded, which could lead to more flights and seats. However, this may not affect FY25 much.
In FY25, the broker suggests Qantas could grow revenue to $22.1 billion, EBIT could be flat at $2.3 billion and net profit could decline to $1.44 billion. The dividend per share is projected to double to 20 cents per share.
UBS thinks that if Qantas shares do not experience any negative catalysts, the company could perform for shareholders because of its “single-digit valuation multiple.” According to UBS forecasts, the Qantas share price is valued at under 7x FY25’s estimated earnings.
The broker’s price target of $7.50 suggests a possible rise of more than 20% in the next 12 months.
Should you invest $1,000 in Qantas Airways Limited right now?
Before you buy Qantas Airways Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Qantas Airways Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.
This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.
With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:
Pilbara Minerals Ltd (ASX: PLS) continues its long run as the most shorted ASX share with short interest of 20.8%. This is down week on week but still significantly higher than second place. The prospect of lithium prices remaining at current levels for years is spooking investors.
IDP Education Ltd (ASX: IEL) has 13.5% of its shares held short, which is up week on week again. This language testing and student placement company has come under pressure after revealing that it is being negatively impacted by student visa changes in a number of key markets.
Liontown Resources Ltd (ASX: LTR) has 11.3% of its share held short, which is up week on week again. This lithium developer is potentially only a matter of weeks away from commencing production at the Kathleen Valley Lithium Project. Given how low lithium prices are, this may not be the best time to start activities.
Westgold Resources Ltd (ASX: WGX) has short interest of 10.5%, which is up for a seventh week in a row. This appears to have been driven by doubts over the gold miner’s proposed merger with Canada-based Karoa Resources. Nevertheless, Westgold Resources shares are up 76% over the last 12 months.
Sayona Mining Ltd (ASX: SYA) has short interest of 9.8%, which is up since last week. Short sellers have been going after this lithium miner after it revealed that it is paying more to produce lithium than it receives from buyers.
Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest ease to 9.6%. Doubts over its ability to achieve revenue margin expectations could be weighing on this travel agent’s shares.
Syrah Resources Ltd (ASX: SYR) has short interest of 9.5%, which is down week on week. This graphite miner is being negatively impacted by weak battery materials prices. This has led to production suspensions and further cash burn.
Chalice Mining Ltd (ASX: CHN) has short interest of 9.4%, which is down week on week. This mineral exploration company’s shares are down almost 80% over the last 12 months and short sellers appear to believe further declines are coming.
Strike Energy Ltd (ASX: STX) is back in the top ten with 8.5% of its shares held short. This gas company’s shares have been hammered in 2024 amid disappointment over drilling at the SE-3 well.
Australian Clinical Labs Ltd (ASX: ACL) has short interest of 8.4%, which is flat since last week. This health imaging company is expecting to report another sizeable decline in earnings in FY 2024.
Should you invest $1,000 in Australian Clinical Labs Limited right now?
Before you buy Australian Clinical Labs Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australian Clinical Labs Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Westpac Banking Corp (ASX: WBC) is a popular ASX dividend stock because of its large dividends and major market presence in the banking sector.
In fact, I’d guess some investors have heavily weighted their portfolios to include Westpac and other ASX bank shares like Commonwealth Bank of Australia (ASX: CBA) and National Australia Bank Ltd (ASX: NAB). It could be a good idea to diversify.
I think investing in banks is largely a bet on Australian property. If Aussies have most of their wealth tied up in owning one or more properties, then investing in ASX bank shares as well doesn’t add much diversification to the underlying risks.
If investors want some dividend diversification, I’d suggest the below two stocks as options.
GQG is one of the largest listed fund managers on the ASX. It is headquartered in the United States but expanding to places like Australia and Canada.
The business is able to achieve a high dividend yield because it’s committed to a dividend payout ratio of 90% of distributable earnings.
It’s focused on growing funds under management (FUM) through strong investment performance and attracting more funds. The strong returns are helping GQG appeal to investors and get them to allocate more money to the fund manager. Â
GQG reported that its FUM had grown to US$150.1 million as at 31 May 2024 and that it had experienced net inflows of US$9.1 billion in the calendar year to date.
The ASX dividend stock’s payout has been climbing since it started paying a dividend in 2022. According to Commsec, it’s projected to pay a dividend yield of 8.5% in FY26.
I think Universal Store is one of the more impressive ASX retail shares because it has continued to grow its dividend despite challenging conditions.
It is utilising its brands well to grow its sales and profit. The company is best known for its Universal Store stores which sell premium youth clothes. Universal Store also has a business called CTC, which trades under the THRILLS and Worship brands. It’s also rolling out Perfect Stranger as a standalone format.
In the FY24 first-half result, Perfect Stranger sales increased by approximately 60% to $6.6 million, helping the company’s total sales rise by 8.5% to $158 million. The statutory net profit after tax (NPAT) rose 16.7% to $20.7 million, showing the company’s scalability.
The ASX dividend stock’s payout has grown each year since it first started paying a dividend in 2021.
According to the estimate on Commsec, Universal Store is expected to pay a grossed-up dividend yield of 7.3% in FY24 and 9.25% in FY26.
Should you invest $1,000 in Gqg Partners Inc. right now?
Before you buy Gqg Partners Inc. shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Gqg Partners Inc. wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
While its current valuation has led CEO Jensen Huang's company to join the ranks of Apple, Microsoft, and Amazon, the chipmaker may have some ways to go before it becomes a household name.
According to Interbrand, a New York consulting firm, some of the 100 most valuable global brands in 2023 include storied companies like Apple, Google, Coca-Cola, Nike, and McDonald's — brands whose logos and products instantly recall a familiar memory in people's minds.
Nvidia, however, is nowhere on the list.
"As a product company recently moving onto a global stage, Nvidia has not had time, nor has it dedicated resources, to change its role of brand and strengthen its brand to protect future revenue," Greg Silverman, the global director of brand economics at Interbrand, told CNBC.
An Nvidia spokesperson declined to comment.
A tale of two chipmakers
Part of Nvidia's brand issue could be that the company hasn't been focused on consumer-facing products since its inception in 1993. Nvidia's chips were originally designed for video games and became a computer hobbyist's favorite company.
Intel, a once-dominant chips manufacturer that has lost its lead in recent years, faced a similar branding issue before it launched the "Intel Inside" campaign in the '90s.
"Before the "Intel Inside" campaign, Intel had been largely unknown to consumers," the company states on its website. Intel currently ranks 24th on Interbrand's list of the most valuable brands despite its current market cap of about $132 billion compared to Nvidia's $3.1 trillion valuation as of June 23.
In the past few months, Nvidia's stock and recognition have soared because the company's chips are required to power the technology behind AI.
Companies like Meta, Tesla, and Microsoft need, and sometimes fight, for what is a limited supply of Nvidia's GPUs.
Those chipspositioned the 31-year-old company for its recent trillion-dollar success story, and now Nvidia dominates the AI-computing market. But that position is not guaranteed.
A growing list of companies and start-ups are trying to carve their own space in the chips market. Some of them, including Meta and Microsoft, rely on Nvidia's chips.
If Nvidia's dominance in chips falls, getting people to recognize the swirling green eye will be the least of the company's problems.
