A NSW Supreme Court ruling has made it harder for potential bidders to make a play for Perpetual, in a decision that means the fund manager could face stiff penalties if it walks away from a plan to buy out rival Pendal. Perpetual shares dropped 12.6 per cent to $27.59 on Thursday, as the market came to the view it […]
Read morevideo Nancy Tengler: How investors can outperform the market in the long-term Laffer Tengler CEO and chief investment officer analyzes the latest trends in the stock market on ‘Making Money.’ Here are the key events taking place on Wednesday that could impact trading. An extremely busy morning of economic data for investors to ponder. RETAIL SALES: Economists surveyed by Refinitiv […]
Read morevideo Elon Musk needs to focus on Tesla: Kevin Paffrath ‘Meet Kevin’ financial analyst and YouTuber Kevin Paffrath provides insight on the Tesla company on ‘Making Money.’ Electric vehicles (EVs) from Tesla Inc and other brands were among the least reliable vehicles in the United States, Consumer Reports magazine's annual reliability survey showed on Tuesday. Although EVs and full-size pick […]
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FILE PHOTO: Former U.S. President Donald Trump speaks at a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, U.S. November 7, 2022. REUTERS/Gaelen Morse/File Photo(Reuters) -A U.S. appeals court in Atlanta has set Nov. 22 arguments in the Justice Department’s challenge to a judge’s appointment of an independent arbiter to vet records seized by the FBI […]
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The futures traded higher on Tuesday, after a follow-through Monday rally failed in the afternoon and saw all the major indexes close the day lower. Market pundits cited the early strength on the potential for China to loosen its draconian COVID-19 lockdowns, the fact that corporate buyback windows have reopened with third-quarter earnings coming to an end, and of course, […]
Read morevideo Elon Musk needs to focus on Tesla: Kevin Paffrath ‘Meet Kevin’ financial analyst and YouTuber Kevin Paffrath provides insight on the Tesla company on ‘Making Money.’ The multi-day trial over billionaire Elon Musk’s Tesla compensation package kicked off at Delaware’s Court of Chancery on Monday morning. The case’s first day at trial comes as the Tesla CEO has been […]
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Markets were somewhat muted on Monday, after an impressive showing in the second half of last week. The consumer price index (CPI) print came in lower than expected on Thursday, causing markets to skyrocket. The Nasdaq was up over 7% at the time. Now that the data is settled and investors are calming down, markets seem to have cooled as […]
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The Wall Street Journal on Thursday reported that Amazon.com (US:AMZN) Chief Executive Andy Jassy is leading a cost-cutting review at the company and is paring back nonprofitable businesses, including its Alexa operations. The report cited people familiar with the matter. The report said Amazon, whose stock is down by almost half this year, has been experiencing a slowdown in its […]
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Fintel reports that Warren Buffet’s Berkshire Hathaway Inc has filed a 13G/A form with the SEC disclosing ownership of 53,045,548 shares of U.S. Bancorp (USB). This represents 3.6% of the company. In their previous filing dated February 14, 2022, Berkshire Hathaway reported 144,730,560 shares and 9.80% of the company, a decrease in shares of 63.35% and a decrease in total ownership of […]
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