Reported 22 days ago
US tech companies have expressed concerns that Vietnam's proposed law on data protection and restrictions on data transfers could stifle the growth of social media platforms and data centers in the country. The law, aimed at enhancing governmental access to information, may create challenges for tech firms, according to industry representatives, potentially impacting foreign investment and existing operations in Vietnam's burgeoning digital market.
Source: YAHOO
Reported 22 days ago
Source: INVESTORS
Reported 22 days ago
Australian mining billionaire Chris Ellison will resign from his position as managing director of Mineral Resources Ltd. after an internal investigation uncovered his involvement in undeclared payments to companies he owned, leading to a significant market value loss for the firm. The probe revealed that Ellison received millions in payments for mining parts and utilized company resources for personal benefits. He has been fined and agreed to repay the undisclosed amounts while facing ongoing scrutiny from the Australian Securities and Investments Commission.
Source: YAHOO
Reported 22 days ago
Australian police conducted a search at the PwC Australia office in Sydney in connection with a probe involving a former partner who leaked confidential government tax information. This follows a parliamentary inquiry that revealed PwC had internally shared and concealed the leaked data. PwC is cooperating with the Australian Federal Police in the ongoing investigation, which has already resulted in several high-profile departures from the firm.
Source: YAHOO
Reported 22 days ago
The CEO of Caesars Entertainment has revealed the company's mixed financial results for Q3, which saw a decline in gaming revenue but record-breaking non-gaming revenues, contributing to overall strong performance in Las Vegas, particularly with hotel and dining sectors thriving amidst robust occupancy rates.
Source: YAHOO
Reported 22 days ago
Australia has annulled a multi-billion dollar military satellite program with Lockheed Martin, opting instead for a multi-orbit system to enhance national defense. The Australian Department of Defence stated that advancements in space technology and evolving threats have prompted this decision, asserting that a single geostationary satellite system would not align with strategic priorities. Despite the cancellation, Australia plans to allocate between A$9-12 billion for future space capabilities.
Source: YAHOO
Reported 22 days ago
Warren Buffett's Berkshire Hathaway has notably decreased its Apple shares from 907.6 million to about 296 million, primarily due to tax concerns and perceived overvaluation of Apple stock. Despite this, the careful approach to selling has surprisingly led to an increase in Apple's share price from $192.53 at the end of 2023 to $233 by September 30, 2024. Buffett may also be preparing Berkshire for a smooth transition in leadership, considering his age and the company's diversified investments.
Source: YAHOO
Reported 22 days ago
Blackstone is in advanced discussions to acquire Retail Opportunity Investments Corp (ROIC), which owns U.S. shopping centers valued at $3.4 billion. If successful, the deal could be finalized soon, with competition from other private equity firms like Bain Capital. Despite strong performance in rental income and low vacancy rates in shopping centers, the outcome remains uncertain as other bidders may emerge.
Source: YAHOO
Reported 22 days ago
As polls show a close contest between Donald Trump and Kamala Harris ahead of the US presidential election, Wall Street adopts a cautious stance, resulting in a drop in the dollar and a rise in bond prices. Traders are wary of potential volatility due to an uncertain election outcome and upcoming Federal Reserve decisions. Historical trends suggest equities may perform better after Election Day, yet current market anxiety is reflected in increased risk levels across various assets.
Source: YAHOO
Reported 22 days ago
As November begins, investors might want to explore three energy stocks: Chevron, known for its diversification and strong dividend history; Enterprise Products Partners, which offers a stable midstream investment with a generous yield; and Devon Energy, a volatile upstream player that could thrive if oil prices rise. Each company presents unique opportunities in the energy sector, catering to different investment strategies.
Source: YAHOO
Reported 22 days ago
Mitsubishi Corp and Nissan are set to establish a joint venture focusing on autonomous driving and the use of electric vehicle batteries for energy storage, according to a report by the Yomiuri newspaper. The new company is expected to be launched by March 2025 and will be equally owned by both companies.
Source: YAHOO
Reported 22 days ago
As November begins, three utility stocks stand out for dividend investors: Black Hills, known for its reliable growth and strong 4.4% yield; NextEra Energy, with impressive 11% annualized dividend growth; and Eversource Energy, which appears undervalued with a 4.3% yield despite some recent challenges. Each offers distinct advantages, catering to conservative investors, those seeking growth, and value-oriented buyers.
Source: YAHOO
Reported 22 days ago
Source: BARRONS
Reported 22 days ago
Netflix has emerged as a phenomenal investment over the past two decades, transforming an initial $10,000 into nearly $5.6 million. Moving from its beginnings in 2007 to becoming a global media powerhouse with 283 million customers and $40 billion in annual revenue, Netflix has seen exceptional growth. Despite the saturated market, the company continues to innovate, cracking down on password sharing and introducing new subscription tiers, while maintaining strong profitability. However, potential investors should be cautious, as its current stock valuation may reflect future expectations that could be overly optimistic.
Source: YAHOO
Reported 22 days ago
Chinese solar firms are responding to US tariffs by cutting production in Vietnam and rapidly opening new factories in Indonesia and Laos. These new plants aim to supply a significant volume of solar panels to the US market, circumventing the tariffs that have escalated against Southeast Asian nations. Despite recent job losses in existing facilities, the overall competition continues as Chinese firms leverage their technology to maintain market dominance.
Source: YAHOO
Reported 22 days ago
The US dollar fell on Monday as traders exited positions linked to Donald Trump's potential election victory, amid growing uncertainty surrounding the US presidential elections. Analysts suggest that if Republicans win, it could lead to a significant rally in the dollar, while a Democratic victory may weaken the currency due to concerns about higher taxes and regulation. Additionally, the Federal Reserve is expected to announce a rate cut soon, with implications for the labor market further influencing currency movements.
Source: YAHOO
Reported 22 days ago
OPEC announced on Sunday that it will extend its oil output cuts by one month until the end of December, postponing plans to gradually increase production. This decision, made ahead of the U.S. presidential election, follows a series of previous extensions that began with 2.2 million barrels a day in voluntary cuts. The group includes major oil-producing countries such as Saudi Arabia, Russia, and Iraq, and highlights concerns over weak global demand amidst geopolitical tensions.
Source: YAHOO
Reported 22 days ago
Westpac, Australia's second-largest mortgage lender, announced a 3% drop in annual profit due to rising costs from a technology overhaul, despite an improved loan margin and an increase in its final dividend. The bank anticipates that the Reserve Bank of Australia will cut interest rates in February, which could ease financial pressure on borrowers. While loan impairment charges have increased, they remain a smaller proportion of total loans. Analysts are optimistic about the underlying trends despite concerns over rising operating costs.
Source: YAHOO
Reported 22 days ago
本周是影響全球商品市場的關鍵時刻，包括美國總統大選可能對黃金價格和可再生能源投資的影響。隨著美國農業報告的發布，在黃金、汽油、天然氣和小麥等市場中，重要的數據趨勢將浮現，特別是黃金在特朗普當選時可能上漲，而若哈里斯當選則可能下跌；而汽油價格處於低點，為選民帶來一絲喘息。小麥供應的報告也將揭示因氣候問題而導致的挑戰，進一步影響市場走勢。
Source: YAHOO
Reported 22 days ago
In a situation where financial infidelity might be a concern, a woman questions whether she was wrong to keep her $50,000 investment secret from her boyfriend, who struggled with the down payment on their new home. While they have separate finances and share some expenses, she worries about potential implications of her hidden assets. Experts suggest that transparency in finances can build trust, but also acknowledge that not all financial secrets equate to infidelity. They recommend discussing financial goals and possibly considering a prenuptial agreement if the couple plans to marry.
Source: YAHOO
Reported 22 days ago
Source: YAHOO
Reported 22 days ago
Stonepeak is reportedly in advanced talks to purchase Air Transport Services Group (ATSG) for approximately $3.1 billion, including debt, with a proposed price of $22.50 per share, reflecting a nearly 30% premium. The deal could be announced as soon as Monday, driven by increased demand for air cargo services amidst rising online shopping. ATSG, which has a significant fleet and notable customers like Amazon, faces recent revenue challenges but anticipates improving demand.
Source: YAHOO
Reported 22 days ago
Donald Trump's proposed tariffs on Chinese imports could significantly raise prices on video gaming equipment, which primarily comes from China. Experts predict that this would lead to price hikes of 11% to 45% on consoles and accessories, negatively impacting younger male gamers, a crucial voting bloc for the Trump campaign. Instead of moving production to the U.S., manufacturers are likely to pass the increased costs onto consumers. The proposed tariffs, rather than encouraging domestic manufacturing, may ultimately burden gamers' wallets.
Source: YAHOO
Reported 22 days ago
Berkshire Hathaway reported a more than 6% decline in operating earnings for the third quarter, totaling $10.09 billion, due to weaknesses in its insurance underwriting division. The company also continued to reduce its stake in Apple, selling approximately a quarter of its holdings, amounting to a 67.2% decrease year-over-year. Despite the selling of shares, Berkshire's cash reserves reached a record $325.2 billion.
Source: YAHOO
Reported 22 days ago
As the highly contested US election nears, investors across stocks and cryptocurrencies are reducing risk and preparing for potential volatility. With options trading signaling higher implied volatility and traders adjusting their positions, both equity and currency markets reflect uncertainty over the outcomes. Options traders are hedging against various scenarios, positioning themselves for potential moves in the market, particularly with an expected boost in fiscal stimulus following the election, which may drive bond yields and overall market performance.
Source: YAHOO