South Africa’s rand strengthened past 16 per dollar for the first time in almost four years, extending a rally fueled by global appetite for riskier assets as the US currency retreats. The rand gained 0.8% to trade at 15.9982 per dollar at 10:36 a.m. in Johannesburg on Monday, its strongest level since June 2022. Record-high gold prices and domestic political stability have bolstered the allure of...
South Africa’s rand strengthened past 16 per dollar for the first time in almost four years, extending a rally fueled by global appetite for riskier assets as the US currency retreats. The rand gained 0.8% to trade at 15.9982 per dollar at 10:36 a.m. in Johannesburg on Monday, its strongest level since June 2022. Record-high gold prices and domestic political stability have bolstered the allure of the country’s assets to foreign investors. The rand has also benefited from the decline in the dollar — the Bloomberg Dollar Spot Index fell about 8% last year on concerns about US President Donald Trump ’s tariff war and as the Federal Reserve began easing interest rates. In addition, China has indicated it’s tolerant of a stronger yuan, bolstering emerging-market currencies including the rand. “The rand is being driven by a large positive move in South Africa’s terms of trade, largely driven by moves in precious metals.” said Adam Furlan , a portfolio manager at Ninety One SA Ltd. “Portfolio flows have also had a positive impact with inflows into EM equities and fixed income positive at the start of the year.”
Broadcom US11135F1012 Broadcom Inc. (AVGO) begins the trading week under continued pressure, though a new development on the derivatives side introduces a fresh variable. The listing of new weekly options contracts coincides with a critical technical test for the stock price near the $314 level. The interplay between these fresh hedging instruments and the current chart pattern will be key for nea...
Broadcom US11135F1012 Broadcom Inc. (AVGO) begins the trading week under continued pressure, though a new development on the derivatives side introduces a fresh variable. The listing of new weekly options contracts coincides with a critical technical test for the stock price near the $314 level. The interplay between these fresh hedging instruments and the current chart pattern will be key for near-term direction. A significant change in the options market takes effect today. The Nasdaq exchange is broadening its suite of short-dated options series to include Broadcom. Key details of the expansion include: * Additional Expiries: New contracts with Monday and Wednesday weekly expirations are now available, supplementing the existing options lineup. * Market Impact: This provides traders with more granular tools for both hedging existing positions and executing short-term speculative plays. The change is expected to boost trading liquidity and could potentially amplify intraday price swings. * Sector Context: With this move, Broadcom joins other heavily traded technology equities like Nvidia and Meta, which already feature such expanded weekly options programs. This highlights AVGO's substantial liquidity and its standing within the U.S. technology sector. Whether the influx of new options activity will stabilize the share price or exacerbate its movements largely depends on how market participants utilize them—primarily for risk management or for directional bets. Assessing the Price Action and Chart Support The stock has been oscillating within a wide and volatile range. Recent trading saw the price test lows around $314.11, establishing that zone as a focal point for technical analysts. The broader momentum remains negative on a short-term basis. Last week, the equity declined approximately 7.6%, bringing its monthly loss to over 8.7%. This confirms a clear near-term downtrend. Current intraday movement is confined roughly between $314.11 and $322.15. The area arou...
The UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large economies, new research suggests. British companies reported that AI had resulted in net job losses over the past 12 months, down 8% – the highest rate among other leading economies including the US, Japan, Germany and Australia, according to a study by the investment bank Mor...
The UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large economies, new research suggests. British companies reported that AI had resulted in net job losses over the past 12 months, down 8% – the highest rate among other leading economies including the US, Japan, Germany and Australia, according to a study by the investment bank Morgan Stanley. The research, which was shared with Bloomberg, surveyed companies using AI for at least a year across five industries: consumer staples and retail, real estate, transport, healthcare equipment and cars. It found that British businesses reported an average 11.5% increase in productivity aided by AI. US businesses reported similar gains, but created more jobs than they cut. It suggests UK workers are being hit particularly hard by the rise of AI, as higher costs and taxes also weigh on the job market. Unemployment is at a four-year high, as rises in the minimum wage and employer national insurance contributions squeeze hiring. More than a quarter of UK workers are now worried their jobs could disappear completely in the next five years due to AI, a survey by the international recruitment company Randstad found. Younger workers, particularly those in gen Z, were most concerned about the impact of AI and their ability to adapt, while baby boomers – born in the postwar years between 1946 and 1964 and nearing the end of their careers – showed greater self-assurance. The businesses surveyed by Morgan Stanley said they were most likely to cut early-career jobs, requiring two to five years of experience in the UK. Earlier this month the mayor of London, Sadiq Khan, warned that AI could destroy swathes of jobs in the capital and “usher in a new era of mass unemployment”. In his annual Mansion House speech, Khan said London is “at the sharpest edge of change” because of its reliance on white-collar workers in the finance and creative industries, and professional services ...
Airbus SE is preparing its employees for a turbulent year ahead as geopolitical tensions between the US and other countries hang over the start of 2026. “The beginning of 2026 is marked by an unprecedented number of crises and by unsettling geopolitical developments,” Chief Executive Officer Guillaume Faury wrote in an internal memo seen by Bloomberg News. “We should proceed in a spirit of solidar...
Airbus SE is preparing its employees for a turbulent year ahead as geopolitical tensions between the US and other countries hang over the start of 2026. “The beginning of 2026 is marked by an unprecedented number of crises and by unsettling geopolitical developments,” Chief Executive Officer Guillaume Faury wrote in an internal memo seen by Bloomberg News. “We should proceed in a spirit of solidarity and self-reliance.” “The industrial landscape in which we operate is sown with difficulties, exacerbated by the confrontation between the US and China,” Faury said in the letter. These geopolitical issues caused significant logistical and financial collateral damage for the planemaker last year, and the company needs to be “ready to adapt at all times,” he wrote. The unusually gloomy tone underscores a growing sense of alarm about an increasingly hostile approach by US President Donald Trump against longtime allies in places like Canada and Europe. Tensions broke into the open last week after Trump escalated his demands that the US should be given control of Greenland — a quest he underscored with the threat of fresh tariffs against countries opposing the move. The political dislocations are clouding an otherwise strong period for planemakers and airlines as demand reaches new highs. United Airlines Holdings Inc. warned last week that the fallout between global powers risks disrupting the carrier’s global operations. Airbus, which reports full-year earnings next month, said it had no comment on internal correspondence. Reuters first reported on the memo. Airbus is at higher risk than US rival Boeing Co. from the renewed transatlantic-trade tensions over Greenland that are threatening a deal keeping aerospace tariffs at zero, Bloomberg Intelligence analysts George Ferguson and Melissa Balzano wrote in a note . “Airbus has more to lose, we believe, given its stronger customer base in the US, but more options due to its final-assembly line in Alabama. Engines are particula...
Birinyi Associates Inc raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,710 shares of the semiconductor manufacturer's stock after acquiring an additional 7,786 shares during the quarter. Broadcom accounts for about 2.2% of Birinyi...
Birinyi Associates Inc raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,710 shares of the semiconductor manufacturer's stock after acquiring an additional 7,786 shares during the quarter. Broadcom accounts for about 2.2% of Birinyi Associates Inc's investment portfolio, making the stock its 11th largest holding. Birinyi Associates Inc's holdings in Broadcom were worth $8,482,000 at the end of the most recent reporting period. Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Broadcom in the 2nd quarter valued at about $18,579,549,000. Vanguard Group Inc. lifted its stake in shares of Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares in the last quarter. Edgewood Management LLC purchased a new position in Broadcom in the second quarter valued at about $1,571,438,000. Massachusetts Financial Services Co. MA boosted its holdings in Broadcom by 115.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer's stock valued at $1,658,680,000 after purchasing an additional 3,224,739 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer's stock valued at $10,598,641,000 after purchasing an additional 2,978,768 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock. Get Broadcom alerts: Sign Up Broadcom Price Performance Shares of NASDAQ:AVGO opened at $320.12 on Monday. The company has a market cap of $1.52 trillion, a PE ratio of 67.25, a P/E/G...
BCS Wealth Management lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 27.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,228 shares of the iPhone maker's stock after selling 6,759 shares during the quarter. Apple accounts for about 1.0% of BCS Wealth Management's investment portfolio, making the stock its 2...
BCS Wealth Management lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 27.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,228 shares of the iPhone maker's stock after selling 6,759 shares during the quarter. Apple accounts for about 1.0% of BCS Wealth Management's investment portfolio, making the stock its 26th biggest holding. BCS Wealth Management's holdings in Apple were worth $4,641,000 at the end of the most recent reporting period. Other hedge funds also recently bought and sold shares of the company. Ryan Investment Management Inc. bought a new position in shares of Apple during the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC raised its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the period. Nexus Investment Management ULC lifted its stake in Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker's stock valued at $53,000 after buying an additional 200 shares in the last quarter. LSV Asset Management acquired a new position in shares of Apple in the fourth quarter valued at approximately $65,000. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Apple by 41.0% during the second quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker's stock worth $88,000 after acquiring an additional 125 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds. Get Apple alerts: Sign Up Apple Stock Down 0.1% AAPL opened at $248.04 on Monday. The stock's fifty day simple moving average is $269.45 and its 200 day simple moving average is $250.35. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $288.62. The stock has a market cap of $3.65 tr...
BAM Wealth Management LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,400 shares of the electric vehicle producer's stock, valued at approximately $623,000. Other hedge funds also recently made changes to t...
BAM Wealth Management LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,400 shares of the electric vehicle producer's stock, valued at approximately $623,000. Other hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC increased its position in shares of Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer's stock valued at $2,916,000 after purchasing an additional 23 shares during the last quarter. Equita Financial Network Inc. raised its stake in shares of Tesla by 2.8% during the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer's stock worth $380,000 after acquiring an additional 23 shares in the last quarter. VanderPol Investments L.L.C. lifted its holdings in shares of Tesla by 2.2% in the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer's stock worth $464,000 after acquiring an additional 23 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer's stock valued at $3,814,000 after purchasing an additional 23 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Tesla by 4.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer's stock valued at $271,000 after purchasing an additional 24 shares during the last quarter. 66.20% of the stock is owned by institutional investors. Get Tesla alerts: Sign Up Tesla Trading Down 0.1% NASDAQ TSLA opened at $449.06 on Monday. The firm has a market capitalization of $1.49 trillion, a PE rati...
Key Points The Social Security OASI Trust Fund is on pace to be depleted in 2033, at which point an across-the-board benefit cut of 23% would happen automatically. The Social Security program could increase revenue by applying the payroll tax to all income and raising the payroll tax rate to 13.6%, up from 12.4%. The Social Security program could cut costs by gradually increase full retirement age...
Key Points The Social Security OASI Trust Fund is on pace to be depleted in 2033, at which point an across-the-board benefit cut of 23% would happen automatically. The Social Security program could increase revenue by applying the payroll tax to all income and raising the payroll tax rate to 13.6%, up from 12.4%. The Social Security program could cut costs by gradually increase full retirement age (FRA) to 68 years old and reducing benefits for the top 20% of earners. The $23,760 Social Security bonus most retirees completely overlook › Social Security is a major source of income for millions of retired workers, but the program has a serious financial problem. In recent years, costs have increased faster than revenue because of a demographic shift created by the aging population. Consequently, the trust fund, the account that pays benefits, is on pace to be depleted within a few years. Projections vary, but the latest estimate from the Social Security Board of Trustees says the Old Age and Survivors Insurance (OASI) Trust Fund will be exhausted by 2033. Thereafter, tax revenue, which would not be affected by the trust fund's depletion, would cover 77% of scheduled benefit payments, meaning benefits would automatically be cut by 23% across the board. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Here are four Social Security changes that would collectively prevent across-the-board benefit cuts. 1. Apply Social Security's payroll tax to all income Social Security is primarily financed with a dedicated payroll tax. Workers and employers each contribute 6.2% of wages (i.e., 12.4% total). But some income is exempt. Specifically, the maximum taxable earnings limit is $184,500 in 2026. Any income above that threshold is not subject to the Social Security payroll tax. Importantly, Social Security is projected to run a $26 trillion deficit over the next 75 years. But the deficit could be...
Axecap Investments LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,101 shares of the information services provider's stock, valued at approximately $5,870,000. Alphabet comprises about 3.6% of Axecap Investments LLC's holdi...
Axecap Investments LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,101 shares of the information services provider's stock, valued at approximately $5,870,000. Alphabet comprises about 3.6% of Axecap Investments LLC's holdings, making the stock its 4th largest position. Several other hedge funds and other institutional investors have also bought and sold shares of GOOG. IFS Advisors LLC lifted its position in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after purchasing an additional 120 shares in the last quarter. Robbins Farley lifted its stake in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC grew its holdings in Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock valued at $29,000 after purchasing an additional 61 shares during the period. Fairman Group LLC grew its holdings in Alphabet by 121.3% during the second quarter. Fairman Group LLC now owns 177 shares of the information services provider's stock valued at $31,000 after purchasing an additional 97 shares during the period. Finally, University of Illinois Foundation purchased a new stake in Alphabet in the second quarter worth $31,000. Institutional investors and hedge funds own 27.26% of the company's stock. Get Alphabet alerts: Sign Up Alphabet Price Performance Shares of NASDAQ:GOOG opened at $328.55 on Monday. The company's fifty day moving average price is $316.33 and its 200-day moving average price is $261.38. The company has a debt-to-equity ratio of 0.06, a cur...
Please turn on JavaScript to use this feature Please turn on JavaScript to use this feature 5m ago 08.38 GMT Morning opening: The week after the week before Jakub Krupa Ukraine’s Volodymyr Zelenskyy said the negotiations with the US over a security guarantees agreement were “100%” done and the deal was just waiting to be signed, as Russia has praised the trilateral talks with Ukraine and the US ov...
Please turn on JavaScript to use this feature Please turn on JavaScript to use this feature 5m ago 08.38 GMT Morning opening: The week after the week before Jakub Krupa Ukraine’s Volodymyr Zelenskyy said the negotiations with the US over a security guarantees agreement were “100%” done and the deal was just waiting to be signed, as Russia has praised the trilateral talks with Ukraine and the US over the weekend as held in “constructive spirit.” “It would be a mistake to expect any significant results from the initial contacts … But the very fact that these contacts have begun in a constructive spirit can be viewed positively. However, there is significant work ahead,” Kremlin spokesperson Dmitry Peskov told journalists. As is often with these things, nothing is agreed until everything is agreed. The talks will continue next weekend. Meanwhile, we are expecting a bit of a debrief after last week’s series of crises, as we will get to see Nato’s secretary general Mark Rutte giving evidence at the European parliament later today, trying to offer a bit more detail on his talks with Donald Trump on Greenland and plans for the security of the Arctic. Separately, the parliament’s trade committee will consider if it wants to progress with the implementation of the EU-US trade agreement so painfully negotiated last summer, or wait just a bit longer to see if Trump’s change of heart on tariffs and Greenland will stick. Separately, the EU is also expected to say a bit more about its investment plans for Greenland as part of stepping up its presence there. Jozef Síkela, the European commissioner for partnerships, is in Denmark today. Lots for us to cover. It’s Monday, 26 January 2026, it’s Jakub Krupa here, and this is Europe Live. Good morning.
Key Points It's common for Part D drug plans to change from one year to the next. You may be looking at different premium costs or higher copays. Your pharmacy network may have changed as well. The $23,760 Social Security bonus most retirees completely overlook › While Medicare Parts A and B offer standard coverage for all enrollees, your prescription costs and coverage will hinge on the specific ...
Key Points It's common for Part D drug plans to change from one year to the next. You may be looking at different premium costs or higher copays. Your pharmacy network may have changed as well. The $23,760 Social Security bonus most retirees completely overlook › While Medicare Parts A and B offer standard coverage for all enrollees, your prescription costs and coverage will hinge on the specific Part D drug plan you choose. It's common for these plans to change from year to year, though. And some of those changes could result in higher costs. Here are a few ways your Medicare Part D plan may have changed in 2026. 1. Your premiums may have risen Although some $0 premium Medicare Part D plans exist, many people pay a premium each month for drug coverage. If your premium costs have increased this year, you'll need to factor that into your budget. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » 2. Your deductible may have increased Most Medicare Part D plans have an annual deductible you need to meet. It's not uncommon for deductibles to increase, so make sure you know what amount you're looking at this year. You'll generally need to pay the full cost for your medications until that deductible is met. 3. You may be looking at higher drug copays Medicare Part D plans use formularies to group medications into different tiers. The higher the tier, the higher your out-of-pocket costs will generally be. It may be that the medications you take have moved into a higher tier this year. If so, you could be looking at higher costs. If money is tight and you're struggling to afford your medications, you may want to talk to your doctor about generics or other alternatives. There may also be a drug assistance program you qualify for based on your income, so it pays to do some research. 4. Your preferred pharmacy network may have changed It's a pretty standard practice for Medicare Part D drug pla...