Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company’s first-quarter earnings report, as analysts fret over “ongoing brand erosion.” The stock closed at $227.50 leaving it less than $6 above its low for the year on April 8. The shares are now down 44% for… Read More »Tesla shares tumble ahead of first-quarter earnings report
Investor anger over the James Hardie deal has drawn comparisons to the 1993 investor rebellion against Rupert Murdoch’s plans for “super voting shares”. Now the ASX is in the gun. Financial markets are built on different opinions – you want to sell, I want to buy. So when the cream… Read More »Inside the biggest investor uprising in three decades
Australian share futures were pointing higher, but gains may prove shortlived after US President Donald Trump stepped up criticism of Federal Reserve chairman Jerome Powell that sent Wall Street tumbling. ASX futures – which last traded on Thursday AEST – were pointing up 0.6 per cent before the heavy selling… Read More »ASX to rise, but Wall Street roils after Trump dials up Fed attacks
The Australian sharemarket will barely rise over the year despite a broader economic slowdown allowing the Reserve Bank of Australia to cut interest rates more rapidly than expected, Morgan Stanley says. The Wall Street investment bank has downgraded its year-end forecast for the S&P/ASX 200 from 8500 points to 8000,… Read More »Morgan Stanley warns clients ASX will barely rise this year
Stock futures sat near flat Monday night following a rough day on Wall Street, as President Donald Trump’s latest criticism of Federal Reserve Chair Jerome Powell drove up uncertainty. Futures tied to the Dow Jones Industrial Average lost just 18 points. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines. Monday night’s… Read More »Futures are little changed after stocks tank on Trump’s latest jab at Fed: Live updates
Weary consumers, already grappling with high prices, now face an added potential risk: stagflation. Stagflation — an economic term used to describe a combination of rising inflation, slower economic growth and high unemployment — may be on the horizon, according to economists. “The Trump White House tariff policy has certainly… Read More »Experts see higher stagflation risks. Here’s what it means for your money
Twenty-one of the country’s biggest investors are demanding the ASX allow local shareholders a say on whether James Hardie can move its primary sharemarket listing to the United States, as fury over the building materials giant’s $14 billion merger with American group Azek continues to grow. In a letter to… Read More »Investors managing $1trn push ASX for say on James Hardie deal
Most US stocks climbed Thursday (Friday AEST), but the worst drop for UnitedHealth Group in a quarter of a century kept Wall Street in check. The S&P 500 edged up by just 0.1 per cent, even though three of every four stocks climbed in the index. The Nasdaq composite slipped… Read More »S&P 500 edges up as investors weigh trade negotiations
Unless the price is truly egregious, never substitute a business you know intimately for one you don’t because of valuation alone. Mistakes are part of investing; they’re unavoidable. The key is learning from them. Reflecting on where you went wrong sharpens judgment, refines decision-making and, ideally, stops you from making… Read More »My biggest mistake in 20 years of investing
Stock futures fell on Sunday evening following yet another negative trading week for Wall Street. S&P 500 futures pulled back 0.5%, while Nasdaq-100 futures dropped 0.6%. Futures tied to the Dow Jones Industrial Average also tumbled 186 points, or 0.5%. The moves come after each of the three major averages logged a third weekly decline… Read More »Stock futures fall after Wall Street posts another losing week: Live updates