By Charlotte Grieve It was a warm summer morning in December 2016 when Alex Turnbull and Pengana chief executive Russel Pillemer met in the harbourside eastern suburb of Sydney’s Double Bay. Over breakfast at Indigo café, the pair discussed a business deal that led the former prime minister’s son to believe his family’s longstanding stake in the investment company Pengana […]

The futures traded higher Thursday, as the last trading day for September and the third quarter began. While the market came back with a nice snapback rally initially Wednesday, the strength faded into the closing bell. Note that many funds and their portfolio managers may be adding typical end-of-quarter window dressing Thursday. While this week’s volatility still is being pegged […]

Gold futures settled modestly higher on Friday, aided by a weak dollar, and waning risk sentiment amid uncertainty about the impact of Evergrande’s debt crisis, and rising inflation worries. Evergrande missed two deadlines to pay more than $180 million in interest to foreign investors who hold its dollar-denominated bonds. Investors fear that supply chain disruptions across the globe could keep […]

(Fixes misspelling in headline) WASHINGTON (Reuters) – President Joe Biden traveled to Capitol Hill on Friday to try to mend divisions in his Democratic Party that threaten his ambitious plans to bolster safety-net programs, fight climate change and rebuild the nation’s roads and bridges. Biden did not speak as he entered the Capitol building, where he was due to meet […]

After a good start Thursday morning, the three major U.S. equities indexes ended the day with losses. The Dow Jones industrials closed down 1.6%, the S&P 500 was off by 1.2% and the Nasdaq Composite closed down 0.4%. Weaker economic data, disappointing earnings reports (looking at you Bed Bath & Beyond and CarMax), political fighting over infrastructure spending, and the […]

September broke the seven-month winning streak for the S&P 500, with the index posting a monthly decline of 4.8%. While the broad markets were lower, ARK Invest funds trended lower for the month as well. ARKG performed the best out of the group, up 1.2%, while ARKX did the worst, down 1.0% on the day. The gains from last year […]

BERLIN (Reuters) – Germany’s Greens and Free Democrats met on Friday for a second round of exploratory talks aimed at finding common ground on which to form a new coalition government with either the Social Democrats or conservatives, both of whom have courted them.Slideshow ( 2 images )The Greens and Free Democrats, who are from opposite ends of the political […]

TAIPEI (Reuters) – China has launched a vituperative attack on Taiwan’s foreign minister, evoking the words of revolutionary leader Mao Zedong to denounce him as a “shrilling” fly for his efforts to promote Taiwan internationally.FILE PHOTO: Taiwan Foreign Minister Joseph Wu attends a news conference for foreign journalists in Taipei, Taiwan April 7, 2021. REUTERS/Ann WangTaiwan Foreign Minister Joseph Wu, […]