As the New Zealand dollar continues to rise against the US dollar, reaching 0.6014, all eyes are on the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Analysts predict that the official cash rate will remain at 5.5%, marking the ninth consecutive time without a change. Concerns about the strength of New Zealand’s economy persist,
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Recently, Reserve Bank of Australia (RBA) Governor Michele Bullock addressed the media following the central bank’s August monetary policy decision. The board decided to maintain the key interest rate at 4.35%, marking the sixth consecutive meeting without a change. Bullock emphasized the board’s belief that the current cash rate level is appropriate but expressed concerns
As major share indices plunged deep into the red in Asia on Monday, it became increasingly evident that fears of a potential recession in the United States were triggering mass risk aversion among investors. This resulted in significant sell-offs and a sharp decline in market confidence. The prevailing sentiment indicated that interest rates would have
Warren Buffett’s Berkshire Hathaway has seen its cash pile swell to a record $276.9 billion last quarter, a significant increase from the previous record of $189 billion set in the first quarter of 2024. This increase came as Buffett sold big chunks of stock holdings, including nearly half of his stake in tech giant Apple.
Berkshire Hathaway, the conglomerate led by CEO Warren Buffett, is expected to announce a cash pile exceeding $200 billion in its second-quarter earnings report. Buffett’s recent sale of some of his favorite stocks, including Apple and Bank of America, has raised eyebrows among investors. Some speculate that Buffett is looking to de-risk the portfolio amidst
The NZD/USD pair is currently facing a substantial downturn, hovering around 0.5996. This decline can be attributed to a multitude of factors, including recent global political developments and domestic monetary policy expectations. The surprising announcement by US President Joe Biden that he will not be seeking re-election in 2024 has unexpectedly boosted the US dollar.
Dave Nadig, a well-known ETF journalist and financial futurist, believes that the recent surge in money flow into small caps is not necessarily a result of a rotation from winning growth trades. Instead, Nadig suggests that investors are simply engaging in a diversification trade. He argues that investors are broadening their exposure across various sectors
BlackRock, a major player in the asset management industry, reported a 10% increase in profits in the second quarter. This growth was primarily driven by the strong performance of its Exchange-Traded Funds (ETFs), which saw record inflows in the first half of the year. The company achieved a milestone by reaching $10.6 trillion in assets
The recent monetary policy statement released by the Reserve Bank of New Zealand (RBNZ) has caused a significant shift in the performance of the Kiwi against its major counterparts, particularly the Australian Dollar. The RBNZ, for the eighth consecutive meeting, decided to keep its official cash rate at 5.50%. However, the surprising aspect was the
The UK 100 stock index (cash) has been struggling for the past six trading days, with a significant downturn towards the critical support level of 8,110. Despite attempts to break above the key resistance area of 8,300, the index has failed to establish a new higher high, leading to concerns about a potential negative reversal
Boeing has reportedly made an offer to acquire Spirit AeroSystems in a deal that values the supplier at around $35 per share. This offer, which includes a significant premium over Spirit’s stock closing price, represents a strategic move by Boeing to stabilize its supply chain following a mid-air incident involving the 737 MAX. Initially, Boeing
Starboard Value, the activist fund led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The fund has raised serious concerns over the company’s disclosures regarding an internal investigation that resulted in the removal of its CFO. It has been revealed that executives at Autodesk misled investors regarding the company’s free cash