Take oil and copper stocks, for example. The fund hit a multiyear high of $98, pushed by WTI crude oil’s 12% rise. Through late May, miners Freeport-McMoRan and Southern Copper rose 50% and 29%, respectively.
Tax cuts, superannuation increases and Centrelink payment boosts are among the changes coming in the new financial year.
Aussies have until June 30 to claim this superannuation cash boost from the government. Here’s what you need to do.
ANZ has broken away from the pack, with NAB, Commonwealth Bank and Westpac painting a more positive picture for Aussie borrowers.
The major bank is rolling out new perks for these customers. Here’s what’s on offer.
Positive developments in inflation data have Wall Street feeling more positive about the outlook for stocks into the end of the year.
Achieving financial success and accumulating wealth is often seen as a combination of hard work, strategic saving and smart investments. While each millionaire's journey is unique, there are common...
Hargreaves Lansdown, the FTSE 100 personal investment platform, is expected to extend talks with a consortium of private investors who have proposed buying the company in a deal worth about £5bn. Sky News has learnt that the London-listed company is in detailed talks with the consortium, led by CVC Capital Partners, about a revised offer that would incorporate a final dividend potentially worth more than 40p-a-share. People close to the talks cautioned that the situation remained fluid ahead of a Hargreaves Lansdown board meeting which is expected to take place later on Tuesday.
The retail sales report comes as economists continue to be wary of any signs of a consumer slowdown amid the higher interest rate environment.
Investing.com -- Warren Buffett's Berkshire Hathaway (NYSE:BRKa) has offloaded 1.3 million Hong Kong-listed shares of electric vehicle giant BYD (SZ:002594) in a move worth HK$310.5 million, according to media reports.
SYDNEY (Reuters) -Australia's central bank debated whether to raise interest rates at a policy meeting on Tuesday given there were upside risks to inflation, but decided to stay the course in a sign the hurdles to a hike remained high. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35% for a fifth straight meeting, but emphasised the need to be vigilant on inflation. "While recent data have been mixed, they have reinforced the need to remain vigilant to upside risks to inflation," the RBA Board said in a statement.
Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500 index had the best first-quarter performance since 2019—enthusiasm over AI, robust corporate earnings, and anticipation of rate cuts fueling the rise in stock prices. […]
You're probably used to taking the economic temperature of the moment by reading headlines about impending recessions, feeling the pinch of inflation at the grocery store and reviewing your bank...
Bank of America’s head of U.S. equity and quantitative strategy notes that only four out of 10 bull market peak indicators are flashing warning signs.
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is...
Investing.com -- The "artificial intelligence party" for technology stocks is "just beginning" and should lead to a wave of customer spending on Microsoft (NASDAQ:MSFT)'s AI-optimized products, according to analysts at Wedbush.
Big Tech names like Nvidia (NVDA) continue to make gains, sending the Nasdaq (^IXIC) soaring. Nvidia alone is up almost 165% year-to-date. Deepwater Asset Management Managing Partner Doug Clinton joins Market Domination to share his playbook for investors wanting to incorporate Big Tech into their portfolios and which lesser known stocks they should keep an eye on. Clinton elaborates on one of his hidden gem picks for tech: "We still like Arista (ANET). And it actually had a great week last week on top of those Broadcom (AVGO) earnings. Broadcom talked about strong networking demands. And they actually upped their networking revenue guidance on the reality that there is strong demand for Ethernet based products in AI data centers. Arista has built their portfolio around Ethernet. And so I think they stand to be a good beneficiary of that trend that we're seeing from Broadcom." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
(Bloomberg) -- Beef fat from Brazil is finding its way into American biofuels as US processors look abroad for cheaper raw materials. Often-overlooked manganese is outshining other commodities this year. And the world is awash with electric car batteries — a situation that threatens to undermine future demand.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanS&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapThese Are the World’s Most Expensive
We recently compiled a list of the 15 Best Hardware Stocks According to Hedge Funds. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against the other hardware stocks. With the first half of 2024 nearly over, artificial intelligence continues to play a dominant role in […]
Evercore ISI Research recently released a note claiming Nvidia (NVDA) could potentially become 10-15% of the S&P 500 (^GSPC). Can it overtake its competitors like Apple (AAPL) and Microsoft (MSFT)? Yahoo Finance Anchor Julie Hyman takes a look at the numbers and breaks down Nvidia's position in the market for Monday's chart of the day. 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
The Indian market has shown robust growth, climbing 2.7% in the last week and an impressive 45% over the past year, with earnings projected to grow by 16% annually. In this thriving environment, stocks of growth companies with high insider ownership often signal strong confidence from those most familiar with the company's prospects and operations.
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