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| | | Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ... |
| | | | This US stock market rally is brought to you by the letter V. The much better than expected US non-farm payrolls report sent Wall Street on the up and up - the S&P 500 gained 2.6% on the day (4.9% on the week); the DJIA rose by 3.2% (6.8%); the Nasdaq ... |
| | | | ... Anthony Pratt's cardboard maker Vizy Industries. It has also financed infrastructure projects including New Royal Adelaide Hospital. Its returns in lending to companies range from BBSW plus 250 to 400 bps for large caps, investment grade to BBSW plus ... |
| | | | The head of global asset allocation at Janus Henderson has sounded the alarm on risk assets, warning the rally seen in April has so far ignored the threat of economic tailwinds from the COVID-19 pandemic. Janus Henderson's Ashwin Alankar warned investors ... |
| | | | Fears super funds with memberships concentrated in the industries hit hardest by the COVID-19 shutdown would feel the pain of early release more are proving largely unfounded, with funds of all kinds seeing withdrawals. While much speculation surrounded ... |
| | | | While it is clear it will take some time for the world to return to what it once was, the focus is now on recovery and what the post-pandemic world will look like. Kyle Loades, chair of the Australian Transformation and Turnaround Association (AusTTA) ... |
| | | | Over 70% of ERS applications have come from members with account balances with less than $50,000, according to analysis from AMP. AMP said members working in the hospitality, arts, recreation, manufacturing and wholesale trade industries had highest ... |
| | | | News that the Australian economy may be opening sooner than previously thought saw the S&P/ASX 200 surge on Monday, with investors buying into heavily sold-off sectors. Today, markets have dropped on fears of a second wave, with news of fresh cases ... |
| | | | With COVID-19 rapidly shifting the ground beneath them, only the fittest superannuation funds will survive, according to Hostplus' Paul Watson. Appearing as part of a virtual panel discussing mergers in super, Hostplus group executive member experience ... |
| | | | As more than $9 billion in super is requested for early release, Australia's largest superannuation fund has paid out over $1 billion, with funds for the industries hardest hit by COVID-19 not far behind. Australia's largest fund, the $185 billion ... |
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