Greenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense. “We have reached the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter obtained by CNBC. “Other than trading and speculation, it serves no other obvious purpose… Read More »David Einhorn says we have reached the ‘Fartcoin’ stage of the market cycle
Santos has put plans for a $3.2 billion oil and gas project in Western Australia on ice as it works on increasing shareholder returns ahead of growth, sending the share price of its minority partner plunging. Carnarvon Petroleum shares fell as much as 27 per cent as the explorer said… Read More »Santos puts massive West Australian oil and gas project on ice
Income investors are banking on the strong start for the iron ore price in 2025 to bolster returns from the ASX’s mining giants amid an otherwise lacklustre outlook for shareholder payouts this year. While Aaron Binsted, portfolio manager of Lazard’s Australian equity income fund, is expecting “modest” dividend growth across… Read More »Investors bank on iron ore saving dividends in 2025
The Australian sharemarket is poised to rise, tracking gains for US equities as traders digested the impact of a flurry of measures President Donald Trump signed off on in his first day back in the White House. ASX futures rose 21 points or 0.3 per cent after 7am AEDT, extending… Read More »ASX to rise on US equities’ cautious advance
Stocks advanced on Tuesday as Wall Street viewed President Donald Trump’s comments and first-day actions around international trade as a bit softer than initially believed. The Dow Jones Industrial Average added 537.98 points, or 1.24%, to finish at 44,025.81. The S&P 500 gained 0.88% to end at 6,049.24, while the Nasdaq Composite rose 0.64% to 19,756.78.… Read More »Dow surges 500 points as Wall Street wagers that Trump’s approach on tariffs won’t be as harsh as feared: Live updates
Bitcoin spiked to a new all-time high early Monday but pulled back following the inauguration of President Donald Trump. The flagship cryptocurrency was last lower by more than 2% at $103,558.38, according to Coin Metrics, in what appeared to be a “buy the rumor sell the news” event. Overnight, it rose as… Read More »Bitcoin touches new all-time of $109,000, then reverses in volatile session on Trump inauguration day
Everyday mobile calls could soon be made over satellites – such as those launched into space by Elon Musk’s Starlink – within two years, transforming phone use and challenging major telecoms groups like Telstra and Optus. In November, US regulators gave approval for Mr Musk to provide text messaging, phone… Read More »Cheap satellite calls could soon be coming to a phone near you
Australian shares were set for a modest gain on Tuesday as traders mull the market reaction and policy announcements from Donald Trump’s first day in office. S&P/ASX 200 futures rose 0.3 per cent on Monday morning, predicting the index would open 22 points higher. Trading was closed in New York… Read More »ASX to rise; $A leaps to one-month high
Simmering beneath the surface of a robust global economy and equity markets at record levels is the mounting threat of a financial meltdown, amid unprecedented levels of debt, higher inflation and the return of Donald Trump to the White House, analysts warn. Sharemarkets from America to Europe, Japan, and Australia… Read More »Four reasons investors should be very nervous in 2025
U.S. stock market futures rose as Donald Trump was sworn in a second time as U.S. president as investors bet a series of immediate actions by him would boost the economy, especially in areas like the banking and energy sectors. Traders were also likely encouraged by news that Trump wouldn’t immediately install… Read More »Stock futures rise as Trump sworn in as president with regular trading closed