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NZ Super Fund posts 14% gain but warns of equity correction
finance27 days ago

NZ Super Fund posts 14% gain but warns of equity correction

New Zealand’s $54 billion sovereign wealth fund reported a 14.2% return for the year ending June 2026, ranking as the world’s top-performing fund. Despite this success, CEO Jo Townsend warned that recent U.S. equity outperformance is unsustainable and expects a reversion to the mean. The fund slightly lagged its passive benchmark due to underweighting in U.S. tech, prompting a reduction in long-term return forecasts to 7.2% and a lower active risk budget.

via CNBC|
#finance#global-swf#investment-strategy
stock-markets1 month ago

U.S. stocks edge higher as oil and yields retreat, Broadcom sinks while Snowflake soars

U.S. stocks opened higher as oil prices steadied and Treasury yields pulled back, with the Dow up about 0.7%, the S&P 500 up around 0.5%, and the Nasdaq up roughly 0.5%. Broadcom fell more than 5% after its earnings, while Snowflake jumped about 25% on strong revenue guidance, underscoring a mixed backdrop for growth names amid AI optimism. The 10-year yield eased to about 4.753%, and traders priced in roughly a 68% chance of a 25-basis-point Fed rate hike at the Sept. 16 meeting, as investors await Friday’s NFP data. Brent crude sits near $91 amid U.S.-Iran tensions, highlighting inflation risks ahead of payrolls and other data.

via Investing.com|
#broadcom#oil#snowflake
GoPro rockets on stake disclosure; Sono Group eyes Sports One tie-up
markets1 month ago

GoPro rockets on stake disclosure; Sono Group eyes Sports One tie-up

Premarket movers see GoPro surge around 80% after Bloomberg reported YouTube creator Mark Fischbach (Markiplier) disclosed an 8.5% stake, sparking retail buying, while Sono Group jumps about 50–55% on news of a non-binding letter of intent to merge with Sports One to form a public vehicle focused on pro sports franchises and analytics. Other notable moves include Robinhood and Duolingo rising on analyst upgrades and Novartis edging higher on positive trial data, as stock futures pointed to a softer start for major indexes.

via Yahoo Finance|
#gopro#markets#premarket
Tech-led August rally tempered by U.S.-Iran tensions
business1 month ago

Tech-led August rally tempered by U.S.-Iran tensions

Futures dipped after the U.S. strike on Iranian rocket launchers rekindled risk worries, with Asia mostly lower even as August’s tech-led U.S. rally puts the Dow, S&P 500, and Nasdaq up for the month. Oil climbed on the news while yields remain high amid inflation concerns. Investors eye Friday’s jobs data and other manufacturing/services data; Jefferies says Treasury action could support bonds and risk assets, keeping a constructive view on stocks and bonds.

via CNBC|
#business#futures#iran-strike
Futures rebound as inflation data looms and earnings swirl
markets2 months ago

Futures rebound as inflation data looms and earnings swirl

US stock futures rallied ahead of the June PCE inflation release and GDP data after a Fed hold, with Dow futures up about 0.2%, S&P 500 futures up around 0.4%, and Nasdaq futures up roughly 0.7%. The day features mixed earnings, with Meta slipping after its report while Microsoft jumped on Azure revenue, and Amazon and Apple due to report next. Investors monitor rising yields, a geopolitical backdrop in the Middle East, and the ongoing earnings season as they await inflation data to shape the Federal Reserve’s path.

via Yahoo Finance|
#federal-reserve#futures#inflation-data
Oil Slides as Iran-U.S. Talks Ebb Tensions; Europe Endures Wildfires
business2 months ago

Oil Slides as Iran-U.S. Talks Ebb Tensions; Europe Endures Wildfires

Diplomacy between the U.S. and Iran appears to ease tensions, pushing crude prices down around 5% and lifting global stocks, while Ukraine claims strikes on Iranian vessels in the Caspian. Wildfires rage across France and Spain, triggering mass evacuations and vast damage. Chinese memory chipmaker CXMT surges about 500% on its Shanghai STAR Market debut, and futures point higher across the U.S. and Europe as markets digest the mixed news.

via CNBC|
#business#cxmt-debut#iran-us-talks
Super Micro Soars on Margin Expansion and $60B Backlog
business2 months ago

Super Micro Soars on Margin Expansion and $60B Backlog

Super Micro Computer (SMCI) shares jumped about 20% after hours on a preliminary Q4 update that showed GAAP and non-GAAP gross margins of 15%–17%, well above prior guidance of about 8%, while revenue is expected near the bottom of its $11–$12.5 billion range. The company also disclosed an all-time backlog of roughly $60 billion, signaling a large future delivery pipeline as AI infrastructure demand remains robust. Full fourth-quarter and fiscal 2026 results are due on August 11.

via Yahoo Finance|
#ai-infrastructure#backlog#business
stock-markets3 months ago

US futures wobble as Hormuz tensions shadow Q2 earnings week

US stock futures were mixed Monday as renewed Middle East tensions over the Strait of Hormuz and conflicting reports about shipping closures spurred a risk-off tone ahead of a busy Q2 earnings season led by JPMorgan, Bank of America, Goldman Sachs, Wells Fargo and Citigroup; S&P 500 futures slipped about 0.25%, Nasdaq-100 about 0.9% lower, while Dow futures edged up around 0.1%; oil prices climbed on supply concerns, and tech equities faced a rough start with a chip rout ahead of ASML and TSMC results.

via Investing.com|
#earnings-season#oil-prices#stock-markets
business3 months ago

Wall Street futures drift higher after solid weekly gains ahead of Fed minutes

U.S. stock indexes’ futures edged higher on Monday after a holiday week, with S&P 500 futures up about 0.4% and Nasdaq-100 futures up roughly 1%, while Dow futures were little changed. Last week’s gains—Dow around 2%, S&P 500 about 1.8%, Nasdaq around 2.1%—came as softer June payroll data eased near-term rate-hike fears, even as AI-name valuations continue to attract scrutiny. Traders are awaiting the Fed’s June meeting minutes on Wednesday and monitoring early second-quarter earnings from Levi Strauss, PepsiCo and Delta Air Lines, while oil prices drift lower following another OPEC+ output boost.

via Investing.com|
#ai#business#federal-reserve
Trump’s 327 stock buys before tariff pause spark ethics questions
world3 months ago

Trump’s 327 stock buys before tariff pause spark ethics questions

The Independent reports that President Trump bought between $100,001 and $250,000 in Apple, Alphabet, Amazon, Microsoft and Nvidia on April 8, 2025—one day before he paused tariffs for 90 days and sent stock indices higher—raising fresh questions about potential conflicts of interest, as Democrats accuse him of profiting from the presidency while the White House defends that assets are managed by independent funds.

via The Independent|
#conflict-of-interest#donald-trump#financial-disclosure