(RTTNews) - Ahead of the long weekend for the Harvest Festival, the Malaysia stock market had finished lower in three straight sessions, slumping more than 25 points or 1.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,685-point plateau althou
(RTTNews) - Ahead of the long weekend for the Harvest Festival, the Malaysia stock market had finished lower in three straight sessions, slumping more than 25 points or 1.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,685-point plateau althou
State Street Financial Select Sector SPDR ETF (NYSEMKT:XLF) and Vanguard Financials ETF (NYSEMKT:VFH) provide heavy exposure to U.S. banks and insurance companies, though they differ significantly in portfolio concentration and market capitalization. Financial stocks often serve as a bellwether for the broader economy, as their health is tied to interest rates, lending activity, and capital market...
State Street Financial Select Sector SPDR ETF (NYSEMKT:XLF) and Vanguard Financials ETF (NYSEMKT:VFH) provide heavy exposure to U.S. banks and insurance companies, though they differ significantly in portfolio concentration and market capitalization. Financial stocks often serve as a bellwether for the broader economy, as their health is tied to interest rates, lending activity, and capital market strength. Both the Vanguard fund and the State Street fund provide efficient ways to gain exposure to this sector, but they differ in how deep they dive into the market. While one offers a blue chip focus, the other casts a wider net across the industry. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
SlavkoSereda/iStock via Getty Images Global oil inventories could hit critically low levels ahead of the peak July-August fuel demand period if drawdowns continue at their current pace, the International Energy Agency said Tuesday. Global oil stocks fell by more than 250M barrels between March and May, with on-land commercial and strategic stockpiles draining at a record pace, the IEA reported. "...
SlavkoSereda/iStock via Getty Images Global oil inventories could hit critically low levels ahead of the peak July-August fuel demand period if drawdowns continue at their current pace, the International Energy Agency said Tuesday. Global oil stocks fell by more than 250M barrels between March and May, with on-land commercial and strategic stockpiles draining at a record pace, the IEA reported. "We're seeing stock draws continuing into the summer, and with the possibility or the likelihood that we reach critical levels or historical low levels just ahead of the peak summer demand," said Toril Bosoni, the head of the IEA's oil industry and markets division. A full reopening of the Strait of Hormuz could take 6-8 months in the best-case scenario if an agreement was reached today, Bosoni said at the S&P Global Energy Middle East Petroleum and Gas Conference in London. An additional IEA-coordinated emergency stock release could become a possibility, but it is not currently being discussed as around half of the initial 400M-barrel coordinated release from March has not yet reached the market, Bosoni added. The IEA is seeing higher prices and a weaker economic outlook turning into lower demand for transport fuels, Bosoni said, adding, "The biggest adjustment factors we have seen to the markets have come from the demand side." Persian Gulf oil producers have lost ~14M bbl/day of supply since the end of February, the IEA estimated. Crude oil futures moved higher Tuesday, adding to the previous day’s gains, with the market still cautiously awaiting progress in U.S.-Iran talks and signs that the Strait of Hormuz could be reopened in the near term. The supply situation is manageable for now, but higher summer demand in July and August likely would lead to rationing, Baron Lamarre, former head of trading at Petronas, told Dow Jones. "The cry is that they want a deal right now because if they don't have it three months from now, there will be a disaster," Lamarre said. Fro...
At least one company under Kazakhstan’s sovereign wealth fund will list on the Hong Kong stock exchange this year, the head of the city’s Trade Development Council has said. Council chairman Frederick Ma Si-hang on Tuesday also underscored the country’s huge potential, noting that Kazakhstan was seeking to privatise its state-owned companies and Hong Kong had emerged as the ideal location due to i...
At least one company under Kazakhstan’s sovereign wealth fund will list on the Hong Kong stock exchange this year, the head of the city’s Trade Development Council has said. Council chairman Frederick Ma Si-hang on Tuesday also underscored the country’s huge potential, noting that Kazakhstan was seeking to privatise its state-owned companies and Hong Kong had emerged as the ideal location due to its mature capital market. A high-level delegation organised by the council and led by Chief...
Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence. The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it's not surprising to see this kind of reaction. Revenue for the company's fiscal 2026 third quarter increased 31% year over year to $3...
Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence. The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it's not surprising to see this kind of reaction. Revenue for the company's fiscal 2026 third quarter increased 31% year over year to $3 billion, exceeding the Wall Street consensus estimate of $2.94 billion, according to LSEG. Adjusted earnings per share (EPS) increased 6% to 85 cents in the quarter, ahead of the 80-cent LSEG consensus estimate. Shares were roughly flat but volatile in after-hours trading. Pal Alto is up about 61% for the year and up 85% since the end of March. Why we own it Cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. It is a never-ending arms race, made only more important by the proliferation of artificial intelligence. Palo Alto Networks has best-in-class tools and a broad product portfolio that allows it to provide an all-encompassing "platform" solution to cybersecurity. Competitors : CrowdStrike (also a Club stock), Fortinet , Cisco Systems Last buy : Nov. 24, 2025 Initiation : Feb. 15, 2023 Bottom line We battled this one out earlier this year when the stock was hammered over fears that large language models made by the likes of Anthropic were going to provide cybersecurity solutions to everyone and replace established security vendors like Palo Alto Networks. It's a thesis we never bought into, but we do admit it did test our patience. How did sentiment change so quickly? The company's opportunistic share repurchases, including a $1 billion increase to its buyback authorization in February, didn't help the stock. It got a brief pop after the disclosure that CEO Nikesh Arora bought $10 million worth of shares in late March, when the stock was trading in the $140s. But it wasn't off to the races ye...
Gold edged lower, after US jobs data reinforced bets that the Federal Reserve will keep interest rates higher for longer. Bullion fell as much as 0.5% to below $4,470 an ounce in early trading, after closing the previous session up 0.1%. US job openings jumped in April to the highest level in almost two years and layoffs fell, according to Bureau of Labor Statistics data released Tuesday. Read Mor...
Gold edged lower, after US jobs data reinforced bets that the Federal Reserve will keep interest rates higher for longer. Bullion fell as much as 0.5% to below $4,470 an ounce in early trading, after closing the previous session up 0.1%. US job openings jumped in April to the highest level in almost two years and layoffs fell, according to Bureau of Labor Statistics data released Tuesday. Read More: US Job Openings Jump to Highest Since 2024 as Layoffs Fall Traders were also awaiting a breakthrough in US-Iran peace negotiations to end the war that’s upended global energy flows and spurred inflation fears, sending gold tumbling roughly 15% since late February. President Donald Trump said the two sides have been “ continuously ” having conversations. Officials in Tehran are discussing their “final text” to send to the US, Iran’s Mehr news agency reported. Spot gold fell 0.4% to $4,469.13 an ounce as of 7:24 a.m. in Singapore. Silver slid 0.9% to $74.44 an ounce. Platinum and palladium also declined. The Bloomberg Dollar Spot Index , a gauge of the US currency, rose 0.1% after ending the previous session little changed.
Members of Jalisco New Generation cartel used fake retail store in San Diego as a front for trafficking drugs Federal prosecutors have charged four suspects with trafficking more than one ton of cocaine for the Jalisco New Generation cartel using a fake retail store in San Diego as a front for a sophisticated tunnel that ran across the border to Tijuana, Mexico. The defendants include two Mexican ...
Members of Jalisco New Generation cartel used fake retail store in San Diego as a front for trafficking drugs Federal prosecutors have charged four suspects with trafficking more than one ton of cocaine for the Jalisco New Generation cartel using a fake retail store in San Diego as a front for a sophisticated tunnel that ran across the border to Tijuana, Mexico. The defendants include two Mexican nationals and two Americans charged with conspiring to traffic drugs across the US-Mexico border. The suspects, who range in age from 18 to 32, all face sentences that could land them in prison for life. One of them, Gregorio Epifanio Hernandez Lopez, also faces the charge of “constructing, financing or using unauthorized tunnels”. Continue reading...
Wedbush’s Dan Ives stays bullish on Microsoft, Alphabet and the broader AI trade, calling current market sentiment an underestimation of the next phase of Big Tech growth.
Wedbush’s Dan Ives stays bullish on Microsoft, Alphabet and the broader AI trade, calling current market sentiment an underestimation of the next phase of Big Tech growth.
Canada and Mexico on Tuesday called for a 16-year renewal of the North American free trade agreement with the United States, in hopes of binding the three countries to a pact that US President Donald Trump has openly questioned. The agreement is vital for Canada and Mexico, as the US is their main trading partner and the destination for 75 and 80 per cent of their exports, respectively. In a lette...
Canada and Mexico on Tuesday called for a 16-year renewal of the North American free trade agreement with the United States, in hopes of binding the three countries to a pact that US President Donald Trump has openly questioned. The agreement is vital for Canada and Mexico, as the US is their main trading partner and the destination for 75 and 80 per cent of their exports, respectively. In a letter Monday, Ottawa’s minister in charge of Canada-US trade Dominic LeBlanc said: “Canada recommends...