News

Recent falls seen in cryptocurrency markets are being blamed on the crash of a stablecoin TerraUSD which fell 90 per cent from its $1 value this week, while its sister token Terra (LUNA) slumped more than 99.97% in the past five days. Stablecoins are cryptocurrencies where the price is designed to be pegged to fiat…

This week’s crash and burn of stablecoin Luna and TerraUST have raised concerns about the implications such a crash will have on investors, VC funds, other larger cryptocurrencies and the wider economy. It even raised the eyebrows of US Treasury Secretary Janet Yellen who outlined her stance on the risks that exist with stablecoins. Yellen…

For investors looking to build positions in quality technology firms, the US computer chip giants are trading at attractive price levels, with many brokers now rating them as a buy, according to data from the Wall Street Journal. The prices of semiconductor companies have dropped sharply this year amidst a broader sell-off in technology stocks…

You might not have heard of Pinnacle Investment Management Group (ASX: PNI), but you’ve likely heard of or invested in one of its 16 affiliate managers. Founded by investment management doyan Ian Macoun -who is currently Managing Director and owns 9.6% of the company – Pinnacle provides the seed capital, administration, and distribution for upstart…

It’s not quite a 1980’s style corporate raider attempt, but it’s pretty darn close. Australia’s 4th richest man is trying to disrupt the dissembling of the country’s largest energy generator and retailer. After previously trying to buy the whole company twice, MikeCannon–Brookes, through his holding company Grok Ventures, has effectively secured 11% of AGLEnergyLimited (ASX:…

In the US, corporate earnings season is in full swing, and it couldn’t come at a worse time. Investors are fleeing away from risk and to safety putting the market in a bearish unforgiving mood. Companies that have missed expectations have been absolutely smashed. According to FactSet, 70 per cent of S&P500 companies that have…

Bank reporting season is almost done with three of the four major banks have already posted their results. WBC, MQG and ANZ have reported. CBA is the remaining bank left to report. ANZ reported last Wednesday and whilst it was about 4 percent below market expectations, the market was happy. Albeit because the market was…

Informally known as the millionaire factory, it may be time to rename Macquarie Group Ltd (ASX: MQG) the billionaire club. On Friday the company reported a record $4.7 billion annual profit for FY22 as it took advantage of extreme market gyrations, supply chain constraints, and the shift to green energy. The key headline numbers include:…

ETF Securities has won the race to list Australia’s first cryptocurrency ETF, ending a long drawn out battle among ETF providers. Australia’s first Cboe exchange-listed bitcoin and Ethereum ETFs are set to launch on Thursday, giving investors long-awaited access to both cryptocurrencies. A delay stalled the previous launch date of April 27. ETF Securities and…

Last week I met with Monochrome Asset Management’s chief operating officer and head of digital markets, Jeff Leal, to chat about all things Bitcoin and crypto. The asset manager is one of the few daring enough to launch its own Monochrome Bitcoin Fund, which is a capital-growth fund offering a regulated and familiar investment vehicle…

A strong argument could be made that Deterra Royalties Limited (ASX: DRR) is the most simple business on the ASX. Originally spun off from Iluka Resources Limited (ASX: ILU) in 2020, the company owns six royalty agreements, which entitles the business to a clip of revenue production over the defined mining area. Each quarter it…

After months of central banks kicking the can down the road, inflation is beginning to entrench itself. Businesses are reporting rising input prices. Households are being hit with bigger bills. And markets continue to swing wildly. Here are five ASX shares to protect your portfolio from inflation. Supermarkets don’t exactly scream sexy, exciting, or invest…