News

The Magellan Financial Group Ltd (ASX: MFG) share price will be on watch today after the funds management firm announced the resignation of Chief Executive Officer (CEO) Brett Cairns overnight. It’s been a turbulent year for the Magellan share price, sinking 41% over 2021. MFG share price End to 14-years of service Magellan cited personal reasons for Mr Cairns exit. Current…

The future of the S&P/ASX benchmark may well have been on show this week when Standard & Poor’s delivered the latest update to their key indices. There was little change at the top of the market, with neither the ASX20 or 50 seeing any new inclusions. That said, there are a number of major events…

Treasurer Josh Frydenberg is going to introduce new payment laws that could affect newer key players like Apple (NASDAQ: AAPL), Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P). New payment laws According to reporting by various media, such as the Australian Financial Review, the government is going to introduce laws that will regulate the various newer players in the payments space….

After a dismal year in terms of dividend yields, payouts have been at multi-year lows after most corporations were forced to cut payments to shareholders because of the pandemic. But Plato Investment Management is confident that dividends are back, and has revised up its dividend yield target for the 2022 financial year to 10% gross…

ASX records third straight gain, RBA holds rates steady, Zip surges on update Positive news from the White House on the severity of the Omicron variant supported another surge in the S&P/ASX200 (ASX: XJO), which gained 1 per cent, taking the winning streak to three straight days. Consumer-facing companies, particularly travel stocks, lead the way with the sector up 1.6 per cent, slightly…

BNPL rout sinks market, Boral sells fly ash, Bapcorp chief out The S&P/ASX200 (ASX: XJO) managed to eke out a tiny gain of just 4 points on Monday overcoming a mixed overseas lead. This was despite significantly selling pressure facing the technology sector, but more specifically Buy Now Pay Later groups including Afterpay (ASX: APT) and Zip Co (ASX: Z1P). The sector fell 2.2 per cent…

Positive finish to volatile week, Novonix tanks, CSL lining up big deal An increasingly volatile week finish on a positive note, with the S&P/ASX200 (ASX: XJO) gaining 0.2 per cent on Monday, trimming the weekly loss to just 0.5 per cent. The famous Sohn Hearts & Minds Conference attracted all the attention with Berkshire Hathaway founder Charlie Munger delivering some scathing commentary. On Friday…

Leading cryptocurrency exchange Cointree, will offer a day of zero trading fees on Monday, 12 December, to help it celebrate its eighth birthday. The platform is hoping that the freebie day will help push active member numbers past the 100,000 mark. So, what is allowed to be traded? The exchange says: “Members, experienced traders and…

The Appen Ltd (ASX: APX) share price has sunk nearly 80% from its highs in 2020 to now rest at $9.81. Multiple guidance downgrades, bearish analysts reports and shifting customer priorities have presented major challenges for the business. Despite the share price fall, the selling could be potentially overdone. Here, I’ll be presenting the bull case; and it might not all be…

The Wesfarmers Ltd (ASX: WES) and Woolworths Group Ltd (ASX: WOW) rivalry has been reignited today after Woolworths lobbed a $1.75 per share offer for Australian Pharmaceutical Industries Ltd (ASX: API). Previously, Wesfarmers had made a binding offer of $1.55 per share for the pharmacy chain, which had been recommended by the API board. The deal looked largely complete until Friday’s shock announcement. Wesfarmers and…

Inflation isn’t the only thing that investors should be concerned about. According to Roger Montgomery,  founder and chief investment officer of Montgomery Investment Management, investors need to consider the income side of the equation and use this as an opportunity rather than a disaster. While the market is somewhat consumed with rising inflation, Montgomery believes…

The moment the investment world has been waiting for has come. ETF Securities is set to be the first Australian ETF provider to launch a listed strategy that tracks the spot prices of two of the world’s largest cryptocurrencies, Ethereum and Bitcoin. Subject to regulatory approval, ETF Securities will launch into the crypto world, forming…