A sell-down by so-called instant gratification investors, disappointed by initial trading in the newly launched DigiCo Infrastructure REIT, sent shares crashing in the data centre landlord for the second day in a row on Monday. The oversubscribed and upsized $2 billion IPO – the biggest of 2024 – has only… Read More »‘Instant gratification’ investors drive 14pc fall in data centre float
Australian shares are poised to open lower. Tesla surged another 6 per cent and Google parent Alphabet advanced 3.5 per cent, lifting the Nasdaq Composite and S&P 500. The Nasdaq closed at a record high. Among the techs resetting record highs to start New York’s trading week: Tesla, Apple, Amazon,… Read More »ASX to slip, Tesla surges 6pc, bitcoin hits record $US107,000
Points Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it “cyber Manhattan.” “We’ll just keep buying the top forever, every day is a good day to buy bitcoin,” the founder and chairman of MicroStrategy said on CNBC’s “Money Movers.” “I would… Read More »MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’ — a ‘good investment’ even at the top
Points Amazon CEO Andy Jassy’s note sent this fall to employees about corporate culture drew headlines for his five-day-in-the-office mandate. But Jassy’s messaging on an increased ratio of individual contributors to managers raises a much bigger question about organizational structure: What is the right balance between individual workers and managers in overall headcount? It’s… Read More »Amazon and the endangered future of the middle manager
From equities to cryptocurrencies, financial markets defied naysayers in 2024. But as the curtain starts to fall on the year, where to from here? As the curtain falls on 2024, one thing is clear: the bulls have not just run – they’ve charged through financial markets, leaving the bears licking… Read More »Risk paid, bears stayed – market tips for 2025
Traders have slammed the brakes on the sharemarket’s Santa rally, concerned higher tariffs promised by US president-elect Donald Trump could slow the pace of interest rate cuts from the Federal Reserve. Last week, US markets slipped from record highs and Australian shares touched a one-month low as a wave of profit-taking swept through… Read More »ASX to fall, Santa rally on hold as Federal Reserve mulls Trump 2.0
The bull market charged forward in 2024 and readers of The Australian Financial Review’s Monday Fundie column were hungry for stock tips. While much of the sharemarket’s gains this year have been powered by the ASX’s largest stock – Commonwealth Bank – readers gravitated to fund managers pitching speculative trades that could… Read More »CBA, the next 10-bagger, founder woes: The best of Monday Fundie 2024
If the stock market’s indecisive churn in recent weeks is nothing more than some prolonged post-Thanksgiving digestion, it’s about time for the tape to prove it to ward off concerns that it’s something more serious. While the S&P 500′s trend remains rather unassailable, merely pausing a hair below record highs and… Read More »Bull market hits an early December soft patch
Points Costco on Thursday beat Wall Street’s quarterly earnings and sales estimates, as it got a boost in part from higher membership fees. Here is how the warehouse club did for the fiscal first quarter compared to what Wall Street expected, according to a survey of analysts by LSEG: In the… Read More »Costco beats on earnings as e-commerce sales jump
Australian shares fell minutes after the open, tracking losses in New York as the technology rally petered out and investors refocused on the outlook for interest rates. The S&P/ASX 200 dropped 0.7 per cent, or 58 points, at the opening bell on Friday, extending this week’s losses. The index hit… Read More »ASX falls, Insignia rockets after Bain bid