Today
This fundie says Visa’s shares are a ‘jaw-dropping’ buy
Aoris Investment Management’s Alfred Tadros says investors have missed a trick on the US payments giant and explains why Microsoft is the only magnificent seven stock to own.
- Joanne Tran
- Analysis
- Managed funds
Berkshire after Buffett: Can his deputies step up?
Ted Weschler and Todd Combs stand to take over a $546 billion portfolio from the world’s best-known investor.
- Updated
- Eric Platt and Patrick Mathurin
- Opinion
- Chanticleer
Investors aren’t falling for Powell’s ‘confidence’ trick
The Fed chairman has made it clear the bar for a rate rise is very high. But while he hasn’t lost faith in disinflation, rate cuts are moving further away, too.
- James Thomson
April
Stocks trade for 390 minutes a day. But only the final 10 might matter
Assets in passive equity funds have surged to more than $US11.5 trillion in the US alone - pushing more of trading to the closing minutes of the equities session.
- Justina Lee
‘Built and destroyed’: Wall Street reels from ban on non-compete pacts
Financial companies are scrambling to rework contracts and tie down personnel after the US Federal Trade Commission’s decision last week.
- Amelia Pollard, Brooke Masters and Joshua Franklin
Wall Street lifts as Alphabet breaks $US2trn valuation
A rally in the tech megacaps gave US markets a boost while US economic data showed moderate inflation.
- Chibuike Oguh
- Opinion
- Chanticleer
The market is halfway to a correction. Here’s why
After six down days in a row on Wall Street, the six-month equity market rally looks shaky. Next week could prove pivotal.
- James Thomson
Dow recovers as Iran plays down strike; techs plunge
Global stocks recovered from the shock of the strike on Iran but a plunge in the “magnificent seven” tech stocks weighed on the Nasdaq.
- Updated
- Rita Nazareth and Andrew Hobbs
- Opinion
- Biden's White House
America’s Superman foreign policy flies again
The hard realism of Asian allies about America’s direction must jostle with the return of uncompromising American unilateralism.
- James Curran
- Opinion
- Chanticleer
Fundies have gone ‘full bull’. Is it time to sell?
Bank of America’s latest global fund manager survey says investors are almost all-in on risk. That might be a worry.
- Updated
- James Thomson
This fundie says Visa trumps Mastercard – and it’s cheaper
Claremont Global’s Bob Desmond thinks the market is too conservative on the global payments company, and is confident that Microsoft has AI upside.
- Joanne Tran
- Opinion
- AI
Look out graduates, Wall Street banks don’t need you any more
Accenture estimated that artificial intelligence could replace or supplement nearly three-quarters of employees’ working hours.
- Rob Copeland
- Opinion
- Chanticleer
Wall Street icon Lee Ainslie: it’s a historically good time to invest
The founder of Maverick Capital and former Tiger Cub says there are four reasons active managers are well-placed, including higher rates.
- James Thomson
ASX slumps 1.4pc; Banducci threatened with jail; AFP’s terror warning
Read everything that’s happened in the news so far today.
Dimon warns of ‘unsettling’ pressures on global markets
The CEO of JPMorgan sees a cascade of pressures including war, rising geopolitical tensions and inflation weighing over markets.
- Updated
- Rob Copeland
US stocks tumble as war fears send ‘fear gauge’ to six-month high
Equities had their worst day since January after a report that Israel was bracing for an attack by Iran on government targets. The VIX index jumped 16 per cent.
- Rita Nazareth
- Opinion
- Chanticleer
Meet the Aussie who will be crucial to KKR’s $1.5trn ambition
KKR has set out some big goals, including more than quadrupling earnings and lifting assets five-fold. A little-known Australian executive will be vital to hitting the targets.
- James Thomson
Regal’s Phil King shorts Tesla and Apple
The star stockpicker says there’s long and short opportunities in the Magnificent Seven, and his fund is playing both sides.
- Joshua Peach
- Opinion
- Chanticleer
Hot US inflation delivers three warnings
The surprising data will give investors plenty to think about. But fading rate cut hopes will also have ramifications for politicians facing the ballot box.
- James Thomson
- Opinion
- Chanticleer
Fundies name ‘fallen angel’ stock picks
On Thursday morning, investors will be obsessing over what US inflation data says about rate cuts. But Munro Partners’ Qiao Ma won’t be one of them.
- Updated
- James Thomson
