Indians are now Australia’s largest migrant group, supplanting the English for the first time ever, in a change that highlights the rise of immigration as an increasingly contentious political issue. Some 971,020 people in Australia – or 5.2 per cent of the population – were born in India, narrowly surpassing the 970,950 born in England, according to data from the Australian Bureau of Statistics (...
Indians are now Australia’s largest migrant group, supplanting the English for the first time ever, in a change that highlights the rise of immigration as an increasingly contentious political issue. Some 971,020 people in Australia – or 5.2 per cent of the population – were born in India, narrowly surpassing the 970,950 born in England, according to data from the Australian Bureau of Statistics (ABS). The England-born population slipped from just over 1 million in 2013. The third-largest cohort...
The US should back up its Pacific rhetoric with action by deploying fuel tankers to the region, a senior New Zealand minister said, as concerns grow about energy security in remote island nations vulnerable to supply disruptions. Resources Minister Shane Jones said Washington had signaled a willingness to support fuel supply resilience in the Pacific, but needed to follow through. “What was stated...
The US should back up its Pacific rhetoric with action by deploying fuel tankers to the region, a senior New Zealand minister said, as concerns grow about energy security in remote island nations vulnerable to supply disruptions. Resources Minister Shane Jones said Washington had signaled a willingness to support fuel supply resilience in the Pacific, but needed to follow through. “What was stated by the US has a lot of credibility. However, they are preoccupied in other parts of the world,” Jones said in an interview in Wellington. Historically, promises from American politicians on the region had sometimes failed to materialize, he added. “This is a damn good opportunity for them to turn rhetoric into reality.” The comments follow talks in Washington earlier this month between US Secretary of State Marco Rubio and New Zealand Foreign Affairs Minister Winston Peters , where they discussed sending US tankers to New Zealand for distribution across Pacific Island nations. Peters told Radio New Zealand at the time that the US gave “a very positive indication” it could provide to support Pacific nations if necessary. Many Pacific nations rely almost entirely on imported fuel, which is used to power electricity generators, and are vulnerable to supply disruptions and price shocks due to their remoteness and limited storage capacity. Read more: Tourists Told to Cut Air Conditioning, Save Fuel on Cook Islands New Zealand is expanding its own fuel storage capacity and could play a larger role as a regional storage hub for Asia over time, Jones said. “We’ve got a clean pair of hands,” he said. “We’re relatively benign and shipping lanes are well established from our country to other areas.”
Key PointsiShares S&P Mid-Cap 400 Value ETF (IJJ) offers a lower expense ratio and a slightly higher dividend yield than iShares Russell 2000 Value ETF (IWN).
Key PointsiShares S&P Mid-Cap 400 Value ETF (IJJ) offers a lower expense ratio and a slightly higher dividend yield than iShares Russell 2000 Value ETF (IWN).
The extraordinary wealth generated from South Korean chipmakers will drive spending and inflation, spurring the nation’s central bank to raise interest rates at least three times over the coming year, according to Mirae Asset Global Investments. Chipmakers’ employee bonuses and high chip prices, as well as booming stocks, are likely to keep prices elevated, and push the Bank of Korea’s policy rate...
The extraordinary wealth generated from South Korean chipmakers will drive spending and inflation, spurring the nation’s central bank to raise interest rates at least three times over the coming year, according to Mirae Asset Global Investments. Chipmakers’ employee bonuses and high chip prices, as well as booming stocks, are likely to keep prices elevated, and push the Bank of Korea’s policy rate to as high as 3.5% by the second half of 2027 from the current 2.5%, Choi Jinyoung , Mirae’s head of fixed-income and executive managing director, said Tuesday in an interview. Korea’s 10-year sovereign yield is likely to break at least above 4% in the next two months for the first time since 2023, he added. Samsung Electronics Co. posted an eight‑fold profit surge this month, far above expectations, underscoring strong demand for AI memory chips despite Middle East turmoil, while SK Hynix Inc. reported a five‑fold jump in quarterly profit. “Employees of Samsung and SK Hynix receive these incentives, and where else are they going to spend that money?” said Choi, whose firm manages about 339 trillion won ($228.4 billion) of assets and is one of Korea’s largest asset managers. Choi manages about 9 trillion won of bonds at the firm. Choi’s view highlights a more hawkish stance than many market watchers, shaped by the fast‑moving impact of AI on Korea’s economy. Added to that is the oil shock stemming from the Iran war, which is adding to inflation risks and may force the Bank of Korea to keep monetary policy tight. Crude oil is unlikely to provide relief. Even if the Iran war ends, supply‑chain disruptions will keep oil prices elevated, Choi said. Given current pricing dynamics, Choi maintains a bearish outlook on Korean debt, advising investors to avoid the “vulnerable” 5- to 10-year segment. Instead, he sees opportunities in short-dated corporate debt with maturities under two years, where some yields of over 4% have already priced in much of the BOK’s upcoming hiking cycle...
Earnings Call Insights: Amazon (AMZN) Q1 2026 Management View "We're reporting $181.5 billion in revenue, up 17% year-over-year." (President, CEO & Director Andrew Jassy) "Starting with AWS, growth continued to accelerate, up 28% year-over-year, the fastest growth rate in 15 quarters." (President, CEO & Director Jassy) "Amazon Bedrock, which is used expansively by over 125,000 customers, runs most...
Earnings Call Insights: Amazon (AMZN) Q1 2026 Management View "We're reporting $181.5 billion in revenue, up 17% year-over-year." (President, CEO & Director Andrew Jassy) "Starting with AWS, growth continued to accelerate, up 28% year-over-year, the fastest growth rate in 15 quarters." (President, CEO & Director Jassy) "Amazon Bedrock, which is used expansively by over 125,000 customers, runs most of its inference on Trainium and almost 80% of the Fortune 100 companies are using Bedrock." (President, CEO & Director Jassy) "For perspective, at scale, we expect Trainium will save us tens of billions of dollars of CapEx each year and provide several hundred basis points of operating margin advantage versus relying on others' chips for inference." (President, CEO & Director Jassy) "We're now the second largest grocer in the U.S." (President, CEO & Director Jassy) "Amazon Ads... generating $17.2 billion of revenue in the quarter and up 22% year-over-year." (President, CEO & Director Jassy) "We also announced that we plan to acquire Globalstar, which will expand Leo's satellite network with direct-to-device capabilities, and we entered an agreement with Apple for Amazon Leo to power satellite services for iPhones and Apple Watches." (President, CEO & Director Jassy) "Worldwide operating income was $23.9 billion with an operating margin of 13.1%, our highest operating margin ever." (Senior VP & CFO Brian Olsavsky) Outlook "Q2 net sales are expected to be between $194 billion and $199 billion." (Senior VP & CFO Olsavsky) "Q2 operating income is expected to be between $20 billion and $24 billion." (Senior VP & CFO Olsavsky) "Within the North America segment, we do expect a year-over-year cost increase of approximately $1 billion related to Amazon Leo as we manufacture and launch more satellites in preparation for our service offering." (Senior VP & CFO Olsavsky) "Prime Day will take place in most countries in June" (President, CEO & Director Jassy); compared with the prior q...
Sundar Pichai, CEO of Alphabet. Source: Alphabet Meta and Alphabet both beat expectations in their earnings reports on Wednesday, each recording their fastest growth in years. They also lifted their guidance for capital expenditures for the year, telling investors that they're going to keep pouring money into artificial intelligence infrastructure. But despite their similarly upbeat results, Wall ...
Sundar Pichai, CEO of Alphabet. Source: Alphabet Meta and Alphabet both beat expectations in their earnings reports on Wednesday, each recording their fastest growth in years. They also lifted their guidance for capital expenditures for the year, telling investors that they're going to keep pouring money into artificial intelligence infrastructure. But despite their similarly upbeat results, Wall Street had very different reactions. Alphabet shares popped 7% in extended trading, while Meta's stock fell 7%. It's the continuation of a theme that's hampered Meta throughout much of the generative AI boom. While Alphabet and fellow hyperscalers Microsoft and Amazon all have massive cloud infrastructure businesses, allowing them to turn their AI investments into revenue, Meta has no such offering. That makes AI spending a harder sell for Meta CEO Mark Zuckerberg , because the return on investment has to show up elsewhere, and that mostly means increased ad revenue and profitability. All four tech giants reported quarterly results on Wednesday. Alphabet, Microsoft and Amazon all showed stronger-than-expected growth in their cloud divisions. Meta's stock is the only one of the four trading lower. Heading into the earnings reports, Alphabet's stock price was up 118% over the past year, trouncing Meta's 21% gain. Amazon is up 40% and Microsoft has risen about 8%. "Google is outperforming its peers which is well reflected in the current valuation," analysts at D.A. Davidson wrote in a report after the results, maintaining their neutral rating. watch now VIDEO 4:12 04:12 AI capex to drive earnings and markets, but expect volatility: Citi's Kate Moore Money Movers The capex numbers across the board are eyepopping and are only getting bigger, in part because the companies are being forced to spend more on memory, which is facing a global shortage as AI demand skyrockets. Alphabet on Wednesday updated its 2026 capex guidance range to $180 billion to $190 billion, up from its previ...