Yahoo Finance Frontier and Spirit Airlines Get Downgrades. How the Rest of the Year Goes Is ‘Clear as Mud.’
Raymond James analyst Savanthi Syth downgrades shares of Frontier and Spirit to Underperform from Market Perform.
Raymond James analyst Savanthi Syth downgrades shares of Frontier and Spirit to Underperform from Market Perform.
Services Australia has issued a reminder for Centrelink recipients this tax time. Here’s what you need to know.
Aaron's confusion turned to terror after discovering someone had drained his superannuation account.
Instead of getting a refund, you might actually owe money to the Australian Taxation Office this year. Here’s why.
Even if you haven't worked this financial year you may still be required to lodge a tax return. Find out more here.
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
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...
Investing in dividend stocks is a popular strategy for those seeking regular income from their investments. However, it's crucial to examine the sustainability of these dividends. Companies like Hakuhodo DY Holdings, with high payout ratios, may indicate financial pressures that could jeopardize future dividend payments.
On its surface, the idea of eliminating income taxes may appeal to many voters this presidential election. Indeed, Donald Trump has been talking about it for some time -- it’s even part of his economic plan that he's revealed to voters as they deal with inflation and higher prices.
“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.
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
NEW YORK (Reuters) -Archegos Capital Management founder Sung Kook "Bill" Hwang and a deputy "made fraud their business," a federal prosecutor told a Manhattan jury on Monday at their criminal trial over the 2021 collapse of the $36 billion private investment fund. The trial, which began in March in Manhattan federal court, centers around the implosion of Hwang's family office Archegos. The spectacular collapse left global banks nursing $10 billion in losses and, according to prosecutors, caused more than $100 billion in shareholder losses at companies in its portfolio.
China's rapidly expanding artificial intelligence (AI) sector has nudged aside finance to top the country's salary rankings for the second quarter of 2024, as Beijing's push for self-sufficiency in tech and the rush to capitalise on the industry's global popularity are helping firms in the field outpace the banks, funds and brokerages that have tended to offer the highest-paying jobs. Propelled by an explosion of demand as businesses race to develop and trial AI applications, jobs in this sector
Investing.com-- Gold prices fell slightly in Asian trade on Monday as traders awaited more cues on U.S. interest rates from a testimony by Federal Reserve Chair Jerome Powell and key inflation data due through the week.
China's central bank said on Monday it would start conducting temporary bond repurchase agreements or reverse repos to make open market operations more efficient and keep banking system liquidity ample. Market participants and analysts believe the move paves the way for a new interest rate corridor, with the seven-day reverse repo rate serving as a central guide, giving the bank more leeway to manage cash conditions and interest rates amid hot demand for bonds. That also comes after the central bank's governor said the seven-day rate "basically fulfils the function" as the main policy rate.
Japan's stock markets have recently shown robust performance, with indices like the Nikkei 225 and TOPIX reaching new heights amid favorable economic data. In this context, exploring growth companies with substantial insider ownership can offer unique insights into firms that potentially have aligned interests between management and shareholders.
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of Skydance and son of billionaire Larry Ellison, the founder of the software company Oracle. Shari Redstone's National Amusements has owned more than three-quarters of Paramount’s Class A voting shares through the estate of her late father, Sumner Redstone.
Marcus & Millichap (MMI) CEO Hessam Nadji joins Catalysts to give insight into bank loans, the commercial real estate (CRE) market, and what real estate investors need to keep in mind. Nadji comments on CRE investing at a time when experts worry a crisis could be looming for the sector: "As a lot of people went on the sideline, the astute investor was in the market making offers, maybe not executing transactions, but being in the front end of where the prices would adjust to the point where they made sense. If you look at multi-family [housing], for example, we've seen 20 to 25% price correction in most cases." He continues: "So when you see a good asset in a market, you want to be in as an investor at those price points, you almost don't care about the interest rate. You almost don't care about the fact that the loan that you would take on would be at a much higher interest rate today than two and a half years ago, because interest rates will come in at some point." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Hopes of a summer interest rate cut have been knocked by a member of the Bank of England's rate-setting committee. Jonathan Haskel said he wanted to keep interest rates on hold because inflation pressures remain in the jobs market, according to the text of a speech he is due to deliver at King's College London later on Monday. "I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably."
With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger Democratic candidate emerges. Bond yields rose following Biden's stumbling performance against Republican rival Donald Trump in the first presidential TV debate last month. Growing speculation that Trump would regain the White House on Nov. 5 pushed investors to anticipate higher fiscal deficits and inflationary policies.
NEW YORK/LONDON (Reuters) -MSCI'S global equities gauge slipped on Monday while the euro eased after hitting a multi-week high against the dollar earlier in the day as investors digested France's election surprise. In the U.S. Treasury yields rose ahead of key inflation data and the kickoff of the corporate earnings season. Federal Reserve Chair Jerome Powell's appearance in Congress on Tuesday and Wednesday was also being keenly awaited, with the potential to provide clues on the prospects for interest rate cuts by the U.S. central bank.