SpaceX at $100 could mean investors see zero value in its AI
The selloff in SpaceX shares has driven the stock near a level that would imply investors are assigning…
Plenty of volatility affecting NZ sharemarket – Market close
“We thought and hoped we would be out of the woods with the US-Iran war, and instead the…
Korean chip stocks rebound after overnight US selloff, as chip supply remains tight
By Heekyong Yang SEOUL, July 8 (Reuters) – Shares of South Korean chipmakers Samsung Electronics and SK Hynix…
NZ sharemarket ends week flat as Freightways dominates trade – Market close
Greg Smith, investment specialist with Generate, said the market pricing for the Reserve Bank of New Zealand’s Official…
Bitcoin’s retreating retail army exposes fresh fragility
Investors have pulled more than US$6 billion from ETFs tracking Bitcoin, Laboure noted, the longest losing streak since…
Spark hits 16-year low as NZ sharemarket dips again – Market close
“Interestingly, in Australia, there was a big switch out of resource stocks into healthcare and technology. The healthcare…
Middle East unrest and inflation worries push NZ shares lower – Market close
Today’s trade was set against another flare-up in the US-Iran conflict, which has essentially closed the Strait of…
Kāinga Ora sell-off: Harcourts agent’s $1.9m state house purchase referred to regulator
His advertisement described them as “ripe for renovations” and perfect for astute investors and land bankers. Property records…
Napier council plans to sell-off three villages as vacant, 66 residents to leave
They are Carlyle Place Village (32 units), Wellesley Place Village (28 units) and Nelson Place Village (12 units),…
Tauranga housing crisis: Housing register up 30% since the 2017 state housing sell-off
Most of Tauranga’s state houses were transferred from Housing New Zealand (now part of Kāinga Ora) to the…
Famous Investor Dan Ives Calls Software Apocalypse a ‘Generational Buy’: Is He Right?
Salesforce (CRM) fell 28% year-to-date to $185.43. ServiceNow dropped 30% and Microsoft declined 17%. Dan Ives says software…
NZ sharemarket ends week down 0.1% amid AI fears – Market close
In the United States, the technology-driven Nasdaq Composite fell a further 1.51% to 22,904.58 points and lost nearly…