Warren Buffett Bankrolls Texas Oil Bid
Warren Buffett’s Berkshire Hathaway has found an outlet for some of his cash by committing $US10 billion to Occidental Petroleum Corp’s $US38 billion cash-and-stock bid for Anadarko Petroleum Corp.
Read MoreWarren Buffett’s Berkshire Hathaway has found an outlet for some of his cash by committing $US10 billion to Occidental Petroleum Corp’s $US38 billion cash-and-stock bid for Anadarko Petroleum Corp.
Read MoreIt’s a slow crawl, but Wall Street continues to eke out gains thanks to net positive earnings results. Dow up 38.
Read MoreUS earnings season has now around half way through in terms of number of reporting companies and still the indices tick up to new highs. Dow up 11.
Read MoreThe second big week of the US March earnings season ahead with 164 S&P 500 companies (and five of the Dow 30) down to report and so far it is looking a bit better than forecast.
Read MoreAfter Friday’s better than expected first quarter GDP figure of annual growth of 3.2%, it’s natural that global attention this week will focus on the conjunction of two major US events – the statement from the latest two day meeting of the Federal Reserve and media conference from chair, Jay Powell, plus the April jobs report two days later.
Read MoreA flat start is expected to trading on the ASX today after last week locally where the Australian market outperformed the world.
Read MoreWall Street tiptoed to new highs on Friday for the S&P 500 and Nasdaq for the second time this week, as investors digested a day of mixed quarterly earnings and economic data.
Read MoreThis punctuated week gave us a 120 plus point rally for the ASX200, ahead of what happens today, with volatility exacerbated by low participation. Life should be back to normal next week following the Easter/Anzac and school holiday disruptions.
Read MoreUS earnings reports continue to be mostly positive, albeit with exceptions, but Wall Street needs more incentive at all-time highs. Dow down -134.
Read MoreMicrosoft may have topped the $US1 trillion valuation level but the real tech star – in fact the real US corporate star remains Amazon which blew past all profit forecasts in an ominous sign for its rivals.
Read More3M, Boeing Weigh On The Dow While Tech Earnings Propel Nasdaq
Read MoreThe Australian sharemarket will start at an 11-year high today, but will come under pressure following mixed news offshore on Wednesday night and yesterday.
Read MoreSix weeks of talks to create a merger between Deutsche Bank and its German rival Commerzbank have collapsed.
Read MoreThe S&P has now risen 17% so far this year, with help from a dovish Federal Reserve and continuing hopes of an end to the US-China trade war. On top of that fears of a weak Q1 earnings season have been completely reversed.
Read MoreThe S&P500 and Nasdaq both closed at fresh all-time closing highs last night on solid earnings results.
Read MoreAustralian shares ended Tuesday in a second shortened week 1% higher and 33 points away from the 2018 level last August that was the highest since before the GFC in 2008.
Read MoreEaster Monday yesterday meant a short week in nearly many markets around the world while in Australia and NZ the week will be shortened even further by the observance of Anzac Day on Thursday.
Read MoreOne day down, four to go in what will be the first of the two-week peak for the March quarter US earnings season.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street still needs more evidence of strong earnings before it can retake the nearby previous highs. Dow down -3.
Read MoreEarly signs are for a better than expected US earnings season but still the S&P500 is failing to gain meaningful ground. Dow up 67.
Read MoreBoth the local and US markets have posted rather quiet sessions as they seek direction. Dow down -27.
Read MoreThe flow of US March quarter earnings reports will start to pick up this week with more banks reporting, a couple of airlines and Netflix, the streaming video giant.
Read MoreImports of copper, iron ore and coal rose in March from a month from February, while oil imports were steady, according to data released on Friday by China’s General Administration of Customs.
Read MoreThe Australian market stood out with a 1.1% gain last week, US shares rose 0.5%, Eurozone shares rose 0.1%, Japanese shares were up 0.3% but Chinese shares fell 1.8% though.
Read MoreShares in Crown rival, Star Entertainment shares also rose last week on speculation bids could emerge for it, while energy stocks were solid – despite Thursday’s price slide.
Read MoreNext week Australia enjoys a four-day week, followed thereafter by a three-day week, as Easter all but runs into Anzac Day. School holidays have already begun or are set to begin in various states, and workers will have realised if one takes mere three days off after Easter, a full ten-day break is achieved.
Read MoreWall Street awaits tonight’s first earnings reports. Dow down -14.
Read MoreWith US-China talks supposedly in the final straight, Trump has swung his attentions back to Europe. Dow down -190.
Read MoreIt took an afternoon comeback, but the S&P has managed to sneak to an eight-day rally. Boeing kept the Dow down -83.
Read MoreFor the week US shares rose 2.1%, Eurozone shares added 3.1%, Japanese shares rose 2.8% and Chinese shares rose 4.9%.
Read MoreA positive global lead on Friday night should see the ASX 200 shaping up with a 30 plus point gain today to reverse the sell big sell-off on Thursday and Friday.
Read MoreOn the whole a quiet week globally for markets – Brexit remains an issue to tantalise and amuse investors and others at the continuing level of British incompetence, election speculation will dominate Australian markets and in the US? — America has the diversion known as President Trump.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreThe S&P ticked slightly higher again last night, for the sixth session running, while Boeing distorted the Dow’s close of up 166.
Read MoreThe S&P500 posted its fifth straight up-day last night, although the gains are becoming smaller. Dow up 39.
Read MoreThe ASX has already easily topped March’s weak fall in the first three trading days of April.
Read MoreAfter a couple of sessions of strong rallies, as US yields stabilise, Wall Street took a breather last night. Dow down -79.
Read MoreHas China made the first step towards recovery? This notion had stock markets surging across the globe. Dow up 329.
Read MoreThe US sharemarket has recorded a solid start to the June quarter, with the Dow Jones up 1.3%. Encouraging Chinese economic data and US-China trade talk progress provided a boost.
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