June 5, 2024

American investment analysts and traders have finally woken up to the strategy Warren Buffett and Berkshire Hathaway are using to invest surplus cash in US Treasury bonds. According to investment banks, Buffett and Berkshire have at least $US158 billion in Treasury bills— with a one-year maximum— that’s around 3% of the entire market. That makes […]

Stealth Group Holdings (ASX: SGI), a prominent Australian distribution group, has announced its acquisition of Force Technology International Pty Ltd (Force), a leading distributor of consumer mobile accessory products in Australia. This strategic move underscores Stealth’s commitment to expanding its market presence and enhancing shareholder value. Strategic Rationale Force Technology International Pty Ltd has established

Market values continue to fluctuate at the top of Wall Street, and for the first time ever, a session finished with three companies worth $US3 trillion or more. First, Apple became the first $US3 trillion company, then it fell back and was overtaken by Microsoft, which has remained at the peak for several months. Wednesday

Five months into the year, Australian car sales are growing at a record pace. If this trend doesn’t slow in the next seven months, total new sales could top 1.3 million, setting a new all-time high. Yet, despite this bullish market sentiment, the message from the two listed car dealers, Eagers and Peter Warren, is

The Bank of Canada cut its key rates by 0.25%, joining central banks in Sweden and Switzerland, and ahead of the European Central Bank, which is widely forecast to cut by a similar amount on Thursday. The Bank of Canada lowered its key overnight rate cut to 4.75%, with the Bank Rate at 5% and

A surge in the Nvidia share price and weak labour market data pushed the broad S&P 500 index to a new record close. The S&P 500 rose 1.18 per cent to close at a new record 5,354.03. The tech heavy Nasdaq rallied 1.96 per cent to a new record close of 17,187.90. The Dow Jones

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the growth rate. The Australian economy expanded by just 0.1% in the March 2024 quarter as measured by the Gross Domestic Product (GDP) release today. This was worse than consensus & our forecast for a 0.2% rise. On an annual basis, GDP

The Calmer Co. International (ASX:CCO), a health and wellness company focussing on natural products that promote calmness, support relaxation and improve sleep. Informs shareholders that May sales have materially increased with ecommerce sales up by 45% to $496k over the month or $16k per day. Shares are trading 118.17 per cent higher at 1.2 cents.

There’s every chance Australia’s March quarter economic growth went backwards after the final data drop on Tuesday, covering trade, government finance, wages, salaries, and inventories. The Australian Bureau of Statistics releases the March quarter national accounts Wednesday at 11:30 a.m., and thanks to a very weak trade performance and a big revision in the December

Tesla’s performance in China—its most important market—continues to flag, raising more questions about its performance this quarter and for the rest of 2024. Data from the China Passenger Car Association on Tuesday showed Tesla’s sales in the first five months of this year fell more than 7% from a year ago to 355,616 vehicles, down