Retirees may think moving all their investments to cash and bonds — and out of stocks — protects their nest egg from risk. They would be wrong, experts say. Most, if not all, retirees need stocks — the growth engine of an investment portfolio — to ensure they don’t run out of money during… Read More »Here’s why retirees shouldn’t fully ditch stocks
The Australian sharemarket is set to drop at the open as Wall Street sank after US Federal Reserve chairman Jerome Powell warned that trade tensions could spur inflation and the central bank is in no rush to cut interest rates. Futures indicate that the S&P/ASX 200 Index is poised to… Read More »ASX to open down as Nvidia and Powell spark Wall St sell-off
Regal Partners will add two key executives to its investment committee and limit the size of positions its listed funds will take as it urges its backers to stick with a high-octane trading strategy after a double-digit loss. The firm’s veteran stockpicker, Phil King, fronted a strategy forum on Wednesday,… Read More »Regal’s King says his hedge funds will recover from March madness
The Australian sharemarket pared a modest advance on Wednesday as investors shrugged off the White House’s receptiveness to a trade deal with China amid persistent fears about the global economic outlook. The S&P/ASX 200 Index finished down 2.8 points – a less than 0.1 per cent fall – to 7758.9… Read More »ASX edges lower, CBA at two-month high; gold nears $US3300
Stock futures are little changed Wednesday night after a steep sell-off in the prior session. Futures tied to the Dow Jones Industrial Averageedged lower by 16 points, or 0.04%. S&P 500 futuresshed nearly 0.1%, while Nasdaq 100 futureswere little changed. Major stock indexes sank on Wednesday, led by a significant… Read More »Stock futures are little changed after major averages tumble in tech sector sell-off: Live updates
Shares of LVMH plunged 7.8% on Tuesday, losing its position as the world’s largest luxury firm to rival Hermès after an unexpected decline in first-quarter sales. LVMH reported a 3% year-on-year fall in first-quarter sales in a trading update published shortly after the market close on Monday, missing consensus analyst expectations for slight growth. The results… Read More »LVMH dethroned by Hermès as world’s most valuable luxury stock after sales miss
The nation’s largest investment managers, including the big superannuation funds, are using private unlisted assets to shield their returns from the turmoil and volatility that have engulfed global equity markets after US President Donald Trump unveiled his sweeping tariff plans this month. With almost $300 billion wiped from the S&P/ASX… Read More »Big investors wield private assets to cushion returns from wild market
One by one, economists are abandoning their interest rate forecasts for next month after US President Donald Trump upended financial markets with his “liberation day” tariffs. Earlier this month, a dozen were tipping the Reserve Bank of Australia would keep rates on hold in May. Today, just four are sticking… Read More »Just four economists expect the RBA to stand pat on rates
Investors are redirecting money once bound for Wall Street and fast-growing Silicon Valley tech giants back towards the Australian sharemarket as intense volatility in the United States turns the ASX into a safe haven. Despite a drop on Friday taking the S&P/ASX 200’s falls this year to 6.3 per cent,… Read More »Investors find refuge on ASX as Wall Street giants lose their lustre
U.S. stock futures slipped on Tuesday night as investors looked ahead to the release of a key retail sales report and more earnings from the first-quarter season. Dow Jones Industrial Average futures dropped 139 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures dipped 0.7% and 1.1%, respectively. In extended trading, shares of Nvidia dropped more… Read More »S&P 500 futures slide Tuesday as Nvidia shares tumble, traders await retail sales data: Live updates