Economics

Kamala Harris plans to increase the U.S. corporate tax rate to 28 per cent if she wins the White House in November, aiming to boost government revenues from corporate America—a move likely to face opposition from the business community.

The symbolism couldn't be more striking. Two American astronauts, who journeyed to the International Space Station in June aboard Boeing's Starliner spacecraft, now face the possibility of being stranded in space for months due to a leak in the vehicle's propulsion system.

Gold and iron ore traded higher on Monday, with the precious metal hitting new highs after the US dollar fell to seven-month lows. Iron ore futures on the SGC platform in Singapore jumped more than 3% to close Monday evening at US$95 a tonne for 62% Fe fines.

Global convenience store giant, Japan's Seven & i Holdings, has received a reported US$31 billion takeover offer from Canada's global convenience store giant, Alimentation Couche-Tard.

Investors who had reduced their equity exposure during the market volatility in early August significantly increased their holdings as global stocks rebounded last week, according to data from Deutsche Bank.

Iron ore prices have crashed to their lowest level in two years, driven by the ongoing crisis in China’s property sector, which has severely weakened steel demand. This sharp decline is posing a significant threat to the earnings of the world’s largest mining companies.

Last week, Wall Street managed to erase all the losses from its rough start to August, leading to jokes that summertime might be better spent at the beach than worrying about market turmoil.

Now there are three American megacaps back in the over $3 trillion club on Wall Street, thanks to last week’s rebound, particularly in Nvidia shares.

Two weeks after Japanese stock markets fell sharply following the Bank of Japan's rate rise, the tremors have subsided, as Japan's Nikkei index enjoyed its second strongest day of trading in 2024.

Gold prices surged on Friday, notching their 28th all-time settlement high for the year so far, with the precious metal finding new support.

Oil prices mixed by the end of last week, with US crude types lagging a bit while Brent was slightly stronger. This shift occurred despite the ongoing disagreement between OPEC and the International Energy Agency (IEA) regarding demand strength over the next few months.

The next five days will mark the first of two peak weeks for Australian June 30 earnings, with 64 ASX 200 companies reporting between this morning and Friday.

While the positive global lead and a reasonable start to the June half profit reporting season saw Australian shares rise by 2.5% last week, today’s trading is expected to be on the low side due to a weak futures lead on Friday night.

Central bank minutes, mid-month surveys of business activity in major economies, a significant Fed speech and meeting at the end of the week, more earnings reports here and offshore, and continuing interest rate speculation are becoming tiresome.

Led by markets in the US, Japan, and Australia, world stock markets had their best week in nine months last week. Wall Street could now return to its July highs in the coming days after experiencing the best week of the year so far.

Money centre banking giants, J.P. Morgan and Citi, have provided Mars with “financing support” for the $35.9 billion takeover of Kellanova. This is the largest deal of the year and the largest in the food industry outside of alcohol-related deals involving beer company AB InBev.

As we know, the unwinding of the yen carry trade and the weak US jobs report for July triggered a two-day panic attack at the start of this month that has vanished as quickly as it came.

China’s property black hole continues to suck life out of the economy, with nothing positive to report from July’s data from the embattled sector.

Is this an early prediction of the result of America’s presidential poll in early November?

After a week of talks, chocolate and pet food behemoth Mars will shell out a whopping $36 billion (including debt) to snap up Kellanova, the maker of popular snacks like Pringles and Pop-Tarts.

Iron ore and coking coal prices slumped to their lowest levels in more than a year on Wednesday as slowing demand, continued overproduction, and weak sales hit the Chinese industry.

In a potential game-changer for millions of people worldwide, Immutep (ASX:IMM; NASDAQ:IMMP) has initiated the first human trials of IMP761, a novel agonist LAG-3 antibody designed to treat autoimmune diseases.

Shares in Home Depot, America's biggest DIY company, held up well on Tuesday, considering how it shocked investors with a downgrade.

Nearly 40% of the largest US manufacturing investments announced during the first year of President Joe Biden’s major industrial and climate policies have faced delays or have been paused, according to a Financial Times investigation.

Central bankers may assert that inflation is under control, but for chocolate lovers, the outlook is less sweet. Prices of popular treats like Freddo frogs continue to climb as confectionery companies pass on the surge in cocoa prices to consumers.

The crypto markets are showing signs of stability as the weekend approaches, following a turbulent week that tested how new institutional investors would handle the significant swings that seasoned digital currency traders are accustomed to.