While still about 25% down from its recent high in November in 2021 (closing price of 409.97) , its market cap as at today sits at 931 billion .The question of how soon, if it at all can it hit back to over US 1 trilion is of interest to investors. It has more...
(Sep 10th, 22)
With the special #AppleEvent on the September 7 only a few daus away. Apple (NASDAQ:AAPL) will showcasin its new Iphone product - the Iphone 14, which only recently had its 15th birthday in June. It will also look to demo its AirPods pro, Apple Watc...
(Sep 2nd, 22)
With the largest number of its citizens Iiving in the state of Victoria, State Bank of India (SBI) has opened in second branch in Australia in the city of Melbourne. It is the first indian bank to have a branch location in the state. The reserve bank in I...
Personal Banking (Oct 5th, 19)
While Trump 2019 trade war with China may have tariffs consequences on some importer prices and agricultural exports, the side effect in recent months has seen mortgage rates with some mortgage rates falling below 4.0%.
Previously, the Fed had highlig...
Banking (Jun 2nd, 19)
While Chase cds remains almost unchanged in June from May, it does contrast significantly with online providers like Ally Bank which has its at 5 year at 3% and Chase at 1.55%, a difference of 1.45%.
While this may look a case of online banks being si...
Banking (Jun 1st, 19)
Goldman Sachs’ stock reported first-quarter earnings that were deemed to be above expectations, but with revenue figures that fell short. With the launch of its Marcus retail banking business it aimed to grow its revenue away from its traditional investm...
Banking (Apr 15th, 19)
On Recode Decode podcast with journalist Kara Swisher on November 2nd, Elon Musk indicated his Boring Company is set to open the two-mile test tunnel underneath SpaceX’s headquarters in Hawthorne, California on December 10th to the public. More...
Transport (Nov 2nd, 18)
With the Federal Reserve leaving rates unchanged on August 1st their has been some slight reverberation in rates in the US. The US interest rates have been moving higher in general because the U.S. government is expected to take o...
Banking (Aug 5th, 18)
With ECB President Mario Draghi saying in June that it is unlikely to increase interest rates before summer 2019 it was interesting to see the bank ABN Amro in the Netherlands decrease its 30 year mortgage rates dropped from 3.95% to 3.85% with its s...
Banking (Aug 2nd, 18)
After the recent rate cut from the RBA, Commonwealth Bank chief economist Michael Blythe in a note to their investors indicated that the bank expects the RBA to make more additional interest rate cuts. “We had penciled in another 25 basis poi...
Australia (May 15th, 16)
In Australia, mortgage competition has intensified as the big 4 banks cut their home lending rates in response to the RBA 0.25 per cent rate cut, with the interest rates at their lowest for more than 50 years.
The big four banks National Australia Bank (N...
Australia (May 5th, 16)
The Australian budget announched on Tuesday will allow Australians to only contribute $25,000 a year before tax and $500,000 after tax over the course of a lifetime for their retirement superannuation fund.
The total amount of extra money people can vol...
Australia (May 4th, 16)
In Australia, the Reserve Bank of Australia had cut the official cash rate this month by 25 basis points to 1.75 per cent, its lowest level ever. It was unchanged since May 2015 and this cut will put further pressure on deposits for retirees (1yrs will be ...
Personal Finance (May 4th, 16)
The recent cut by the RBA in Australia benefited many with mortgage balances as the big banks mentioned to cut loan rates, while for many self funded retirees who had term deposits to rely on for their fixed income portion of their portfolio could face continu...
Australia (May 4th, 16)
According to Bloomberg, U.S regulators have proposed a plan that will disincentivize Wall Street firms on their reliance on volatile short-term funding. In particular lenders would be required to depend on stable funding from sources such as deposits (CDs) , a...
United States (May 4th, 16)
Today Xinhua, the state-run news agency said that citing a statement from the Communist Party all couples will be allowed to have two children.The population control policy from the People's Republic of China which was officially adopted in 1979. In 2007, just...
China (Oct 29th, 15)
As Greece ordered its banks and lenders to shutdown for 6 days from Monday referendum, the question arises of the likely impact if Greece actually defaults and possibly even leaves the Eurozone currency.
According to http://eurozone.deposits.org, Greece is at...
Banking (Jun 29th, 15)
When the RBA cut the official cash rate to 2.25 per cent in February, the RBA said it was "not because things had turned for the worse, but rather because of the lack of compelling signs that economic growth was picking up as was earlier expected....
Australia (Mar 24th, 15)
For the second time in history the Nasdaq has exceeded the 5,000 mark. The last time the Nasdaq reached such great heights was just before the tech wreck in 2000. When it hit 5,000 in the year 2000 the composite index rate collapsed to almost 1,000 as a ...
United States (Mar 5th, 15)
The timing of Huawei’s new release of a new stylish smart watch at the Mobile World Congress in Barcelona cannot be better: merely a week ahead of Apple, who is expected to host an event to present its competing device, the Apple Watch. With this move an...
Technology (Mar 5th, 15)
