NZ sharemarket rallies on index changes, confidence survey – Market close
The bank raised its policy rate by 0.25 percentage points to around 0.75%. Salt Funds managing director Matt…
NZ sharemarket drops on more AI worries on Wall Street – Market close
“You’re obviously seeing investors rotate out of some of those high-flying tech and AI stocks that have done…
Aussie deal boosts Freightways but NZ sharemarket falls – Market close
Freightways’ share price lifted 2.32% or 32c to $14.11 after it announced it was expanding further into Australia…
US unemployment rate ticked up to 4.6%, the highest level since the Covid pandemic
Also, job creation in August was revised down by 22,000, showing the economy shed 26,000 jobs that month.…
NZ sharemarket steady after half-year economic and fiscal update – Market close
Investors in the US are eagerly awaiting the delayed jobs and inflation report to get a gauge on…
Real New Zealand house values down 31.3% since 2021 peak, economists cite ‘renewed weakness’
ANZ economists said: “Sales volumes are back below their long-run historic[al] average for this time of year”, referring…
Reserve Bank Governor Dr Anna Breman finally talks market down, as ANZ the latest to hike mortgage rates
ANZ is hiking its 18-month and two-year mortgage rates by 20 basis points, and its three, four, and…
Market braces for BOJ hike amid stubbornly weak yen and wage growth – Nikkei Asia
Market braces for BOJ hike amid stubbornly weak yen and wage growth Nikkei AsiaThe Japanese canary in the global…
Five suspects arrested over alleged plot to plough a vehicle into a Christmas market crowd
According to authorities, he had called for an attack to be carried out on a Christmas market in…
Why experts say the simplest investing strategy is still the best
What is the S&P 500? A complete guide to this key stock market index Understanding the S&P 500:…
Retirement stocks rise on quiet day for New Zealand sharemarket – Market close
One category that did perform well was retirement stocks, with Ryman Healthcare and Summerset Group both rising. “No…
Society Insider: Luxury lodge designer Virginia Fisher plans downsize from $25m waterfront mansion; real estate star Megan Jaffe sells up
She and husband Stephen, chairman of the Spirit of Adventure Trust, have owned the Sarsfield St property for…