June 18, 2024

For the first time ever, Nvidia on Tuesday leapfrogged Microsoft and Apple to become the most valuable company in the world. Following months of explosive share price growth driven by demand for its chips and an investor frenzy over artificial intelligence, the shares jumped 3.5% on Tuesday, against falls for its two rivals. Nvidia’s rise […]

The French stock market is in decline as far as big investors are concerned, according to the latest global fund managers survey from the Bank of America, due to the snap poll called by President Macron on June 10. The survey showed that big global investors have retreated from France and are now more likely

Another Nvidia price surge saw the AI giant hit a new share price high and surpass Microsoft to become the most valuable public company. The broader S&P 500 closed up 0.25 per cent to a record 5,487.03. The Nasdaq just managed to tip into the green closing up 0.03 per cent but also setting a

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses implications for investors from the EU parliamentary elections. Key points The success of far-right political parties in EU parliamentary elections & the calling of an election in France have boosted uncertainty by risking a return to the Eurozone crises.However, centrist parties still

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key points: At its June meeting the RBA left the cash rate on hold at 4.35% as widely expected, leaving it unchanged for seven months now.The RBA reiterated that it is “not ruling anything in or out”, but its

The Reserve Bank of Australia (RBA) has announced a “holistic review” of the country’s retail payments regulation, aiming to increase transparency in fees and promote competition for services, according to Ellis Connolly, the RBA’s head of payments policy. Buy now, pay later services are among the targets of this review, but any changes will take

No change in interest rates from the Reserve Bank, and none are expected for a while after the latest two-day monetary policy meeting of the central bank. In a move that was widely anticipated by the market, the RBA kept the cash rate at a 12-year high of 4.35%. The post-meeting statement had nothing to

Amid rising speculation, the Coalition is rumored to be on the brink of unveiling its nuclear power strategy, following the abrupt scheduling of a shadow cabinet meeting for Tuesday night. Although the opposition leader’s office has remained tight-lipped about the meeting’s agenda, party insiders have hinted that nuclear power will be a key topic, with

The Australian sharemarket rose by 1 percent on Tuesday, with the S&P/ASX 200 Index closing at 7778.1 points, following the Reserve Bank’s decision to keep its cash rate unchanged. Significant gains were seen across all sectors, notably in financials and utilities, while Wall Street also experienced positive movements with the S&P 500 up 0.8 percent

Specialty women’s wear retailer City Chic (ASX:CCX) is expected to make a highly dilutive capital raising that existing shareholders might balk at. The small retailer, which had a market cap of $68 million at Monday’s close of 30 cents a share, is reported to be looking to raise about $25 million from investors. This implies