A Seaport Research analyst upgraded shares of BofA to Buy from Neutral. The industry’s deposit growth fares better than expected, he writes, and BofA stands to benefit from high interest rates for a longer period. However, he downgraded Goldman Sachs to Neutral from Buy, a move he said was primarily driven by its valuation.
A tax expert explains why you could owe money to the ATO this year.
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.
In this article, we are going to discuss the most expensive wine in the world. If you’re also curious about which other wines will cost you an arm and a leg, here is our full list of the 20 Most Expensive Wines in the World. Global Wine Market: Wine is one of the Most Consumed Alcohols […]
Key Insights West African Resources' estimated fair value is AU$1.39 based on Dividend Discount Model West African...
Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
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Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]
Key Insights The projected fair value for Excelerate Energy is US$33.90 based on 2 Stage Free Cash Flow to Equity...
(Bloomberg) -- Samsung Electronics Co. posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally. Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretSingapore Is Making Life Tougher for Global TalentStocks Up as Jobs Spur Calls for September Fed Cut: Markets WrapBiden’s Fourth of July Shroud
(Reuters) -The Canadian government has approved Glencore's $6.93 billion acquisition of miner Teck Resources' steelmaking coal unit with strict conditions to preserve jobs, the country's industry minister said on Thursday. To secure the approval, Glencore has agreed to maintain Canadian headquarters for Elk Valley Resources (EVR) for at least 10 years, ensure a majority of the directors of EVR are Canadians, and maintain significant employment levels at EVR for no less than five years, the ministry said. In a separate statement, Teck said it would use the deal proceeds to buy back up to C$2.75 billion ($2 billion) of its Class B subordinate voting shares, reduce its debt by up to $2 billion and fund near-term copper growth.
(Bloomberg) -- Canada has approved Glencore Plc’s $6.9-billion acquisition of Teck Resources Ltd.’s metallurgical coal business, while the latter announced a $2 billion share buyback and pledged to boost copper output.Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidSingapore Is Making Life Tougher for Global Talen
SAF-Holland SE ( ETR:SFQ ), might not be a large cap stock, but it saw a decent share price growth of 16% on the XTRA...
Global investors' pessimism about China may no longer be well placed, as policies designed to bolster confidence are likely to spell better times ahead for the market, senior financiers told a conference. "Suffice to say the past few years have been the darkest period for China investors, [but] this story has started to change," said Steven Sun, head of research at HSBC Qianhai Securities. Regulators have been strengthening their efforts to lift the market's performance in recent months. A recor
We recently compiled a list of the 10 Best Dividend Growth Stocks to Buy and Hold Now. In this article, we are going to take a look at where Lowe’s Companies, Inc. (NYSE:LOW) stands against the other dividend growth stocks. The AI sector maintained its momentum unabated in the second quarter of 2024, with tech […]
We recently compiled a list of the 10 Best Restaurant Stocks to Buy Today. In this article, we are going to take a look at where Chipotle Mexican Grill, Inc. (NYSE:CMG) stands against the other restaurant stocks. Currently, quite a bit of anxiety is struck by restaurant stocks in the market, as the Russell index […]
Key Insights Insiders appear to have a vested interest in Menang Corporation (M) Berhad's growth, as seen by their...
China's largest venture capital investments are increasingly coming from technology sectors that align with the government's policy goals, such as artificial intelligence (AI) and semiconductors, even as overall funding continues to plunge, according to a new report. The country contributed 90 per cent of global venture capital investments in the chip sector last year, totalling US$22.2 billion and more than doubling the US$9.5 billion invested in 2022, research firm Preqin said in a report rele
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
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