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
AMP has invested $27 million in bitcoin, becoming the first major superannuation fund to buy into an asset class that has previously been shunned by big fund managers in the $4 trillion retirement savings industry due to its volatility. Other big funds on Thursday said they would not be following… Read More »This big super fund just became the first to buy into crypto
Investors should look beyond an ASX-listed company’s dividend yield when screening for income stocks, says Wilsons Advisory, arguing that using the measure in isolation does not accurately reflect long-term potential. Indeed, investing for income by simply buying stocks with a high dividend yield has not proved to be an effective… Read More »How to pick the ASX’s next dividend winners
Stocks fell Thursday, weighed down by a hotter-than-expected U.S. inflation report, as tech shares failed to keep the momentum seen earlier in the week. The tech-heavy Nasdaq Composite slid 0.66%, dipping back below the 20,000 threshold to end at 19,902.84. The broad market S&P 500 shed 0.54% to close at 6,051.25. The Dow Jones Industrial… Read More »Dow falls more than 200 points after warm inflation report, Nasdaq retreats from record: Live updates
Tesla shares jumped to an all-time high on Wednesday, surpassing their prior record reached in 2021, sparked by a post-election rally and Wall Street’s increased enthusiasm for Elon Musk’s electric vehicle company. The stock rose to a closing high of $424.77, which is about $15 above its previous peak of $409.97 on Nov.… Read More »Tesla shares close at record high, boosted by 69% pop since Trump election victory
The Australian sharemarket is set to open higher after US inflation data all but cemented a rate cut by the US Federal Reserve next week. ASX futures are up 41 points, or 0.5 per cent, near 7.45am and the Australian dollar took another beating overnight, dropping to a one-year low at US63.70¢.… Read More »ASX to rise, Orora sells unit for $1.7b