Multiple Aussie banks have cut their home loan interest rates in the last week, with one major lender making a surprise double cut. The moves come despite the Reserve Bank of Australia (RBA) holding the cash rate in June, with expectations rate cuts are off the table for the rest of the year.
00:00 Jerry
So let’s take a look at the semiconductor board. They are in a bear market now. Uh we got more analysis on that in a minute, but just wanted to show you a lot of dark red here. Intel down 10%. Uh this is only today.
» Read more about: Memory chip stocks fall into a bull market amid latest tech sell-off »
SpaceX, the Elon Musk-owned enterprise, which made its debut on the Nasdaq on Tuesday, July 7, received a flurry of bullish initiations as the silent period of managers who ran the IPO came to an end. The one that stood out was from Raymond James.
The brokerage initiated coverage on SpaceX with a “strong buy”
A flood of analyst initiations on SpaceX (SPCX) hit the market Tuesday, 16 trading days after Elon Musk’s rocket-telecom-AI-neocloud-social media company made its debut.
Most of them were bullish.
The stock fell by nearly 7%, closing below $150 for the first time since the SpaceX IPO.
» Read more about: SpaceX stock now enters the post-honeymoon faith phase »
SINGAPORE: The Singapore Police Force (SPF) on Wednesday (Jul 1) warned of cryptocurrency scams that leverage the ongoing World Cup to target victims.
In a news release, the police noted that the scams involve malicious links and unauthorised transactions, and that scammers are increasingly utilising online platforms and messaging services to deceive victims and gain access to their cryptocurrency holdings.
» Read more about: Police warn of cryptocurrency scams leveraging World Cup to target victims »
Analysts on Wall Street project that Delta Air Lines (DAL) will announce quarterly earnings of $1.46 per share in its forthcoming report, representing a decline of 30.5% year over year. Revenues are projected to reach $17.73 billion, increasing 6.5% from the same quarter last year.
The current level reflects an upward revision of 0.8% in the consensus EPS estimate for the quarter over the past 30 days.
Benchmark indices on Wall Street had a down day on Tuesday, July 7, with the Dow Jones also retreating from record high levels, as chip stocks sold-off yet again, after a small rebound on Monday.
The Nasdaq 100 index fell over 500 points or close to 2%, while the Nasdaq Composite was also down 1.1% at the close of Tuesday’s trade.
With summer comes a new class of graduates entering the workforce. They’ve passed. They’ve graduated. And they’ve landed a job. And now it’s time for these graduates to take on some serious adulting.
Naturally, this transition can bring some new and varied complexities, from choosing healthcare coverage to integrating into a workplace culture.
» Read more about: What New Graduates Need to Know About 401(k) Plans »
Sandisk has been one of the biggest beneficiaries of the memory shortage.
As of July 7, the stock has given up all of its June gains.
Profits in the memory sector are soaring, but investors have concerns about their durability.
By Tharuniyaa Lakshmi, Johann M Cherian and Niket Nishant
July 7 (Reuters) – European shares slipped on Tuesday, weighed down by a global selloff in tech stocks, while investors monitored the NATO summit for clues on which sectors could emerge as beneficiaries of increased spending.
The pan-European STOXX 600 index closed about 0.7% down at 646.29.
» Read more about: European shares slip as global tech retreat weighs »
