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Business Times
16-05-2025
- Business
- Business Times
Australia's richest woman doubles US stocks bet to US$2.5 billion
[SYDNEY] Billionaire mining magnate Gina Rinehart poured hundreds of millions of US dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as Donald Trump returned to the White House. Rinehart's closely held Hancock Prospecting held a portfolio of US-traded stocks and exchange-traded funds worth about US$2.5 billion as of Mar 31, according to a May 15 regulatory filing. The iron ore tycoon, a Trump supporter, nearly doubled her holdings since the end of last year. The ramp up came just before the US announced higher tariffs on many countries sending global stocks into a tailspin, though they have since clawed back losses. Most of Rinehart's new investment went into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial Average. She also bought stakes in Etsy and PayPal Holdings She closed out stakes in four petroleum companies, including Chevron and ExxonMobil, which were worth a combined US$109 million at the end of last year. Rinehart is worth US$26.5 billion, according to the Bloomberg Billionaires Index. The 71-year-old has became an outspoken supporter of Trump and Australia's centre-right party, which suffered a loss when the nation went to the polls two weeks ago. One holding that remained unchanged – her 150,000 shares of Trump Media & Technology Group, which operates social media platform Truth Social. BLOOMBERG
Economic Times
16-05-2025
- Business
- Economic Times
Australia's richest woman Gina Rinehart doubles US stocks bet to $2.5 billion
Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as Donald Trump returned to the White House. ADVERTISEMENT Rinehart's closely held Hancock Prospecting Ltd. held a portfolio of US-traded stocks and exchange-traded funds worth about $2.5 billion as of March 31, according to a May 15 regulatory filing. The iron ore tycoon, a Trump supporter, nearly doubled her holdings since the end of last year. The ramp up came just before the US announced higher tariffs on many countries sending global stocks into a tailspin, though they have since clawed back losses. Most of Rinehart's new investment went into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial Average. She also bought stakes in Etsy Inc. and PayPal Holdings Inc. She closed out stakes in four petroleum companies, including Chevron Corp. and Exxon Mobil Corp., which were worth a combined $109 million at the end of last year. Rinehart is worth $26.5 billion, according to the Bloomberg Billionaires Index. The 71-year-old has became an outspoken supporter of Trump and Australia's center-right party, which suffered a loss when the nation went to the polls two weeks holding that remained unchanged — her 150,000 shares of Trump Media & Technology Group Corp., which operates social media platform Truth Social. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-05-2025
- Business
- Time of India
Australia's richest woman Gina Rinehart doubles US stocks bet to $2.5 billion
Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as Donald Trump returned to the White House. Rinehart's closely held Hancock Prospecting Ltd. held a portfolio of US-traded stocks and exchange-traded funds worth about $2.5 billion as of March 31, according to a May 15 regulatory filing. The iron ore tycoon, a Trump supporter, nearly doubled her holdings since the end of last year. The ramp up came just before the US announced higher tariffs on many countries sending global stocks into a tailspin, though they have since clawed back losses. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tan Thoi Hoa: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Most of Rinehart's new investment went into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial Average. She also bought stakes in Etsy Inc. and PayPal Holdings Inc. She closed out stakes in four petroleum companies, including Chevron Corp. and Exxon Mobil Corp., which were worth a combined $109 million at the end of last year. Rinehart is worth $26.5 billion, according to the Bloomberg Billionaires Index. The 71-year-old has became an outspoken supporter of Trump and Australia's center-right party, which suffered a loss when the nation went to the polls two weeks ago. One holding that remained unchanged — her 150,000 shares of Trump Media & Technology Group Corp., which operates social media platform Truth Social. Live Events
Yahoo
13-05-2025
- Business
- Yahoo
Zacks Investment Ideas feature highlights: Alibaba, JD.com, SPDR S&P Biotech ETF, Merck and Microsoft
Chicago, IL – May 13, 2025 – Today, Zacks Investment Ideas feature highlights Alibaba BABA, JD, SPDR S&P Biotech ETF XBI, Merck MRK and Microsoft MSFT. After months of escalating rhetoric, mounting tit-for-tat tariffs, and diplomatic gridlock, representatives from the world's two largest economies finally sat down to talk trade. Approaching the weekend, expectations for common ground between the two rival nations were underwhelming – to say the least. China and the US had each imposed triple-digit tariffs on each other, so high that most investors on Wall Street essentially thought of them as a trade embargo. Meanwhile, representatives from the United States, like Treasury Secretary Scott Bessent, said that the negotiation between the United States and China could take three years and that 'everything is on the table,' including the potential to de-list US-traded Chinese ADRs such as e-commerce giants Alibaba and However, on Monday, stocks exploded to the upside, with the Nasdaq gaining more than 4% and the S&P 500 gaining ~3%, recouping all the losses (and then some) since President Trump's April 2nd 'Liberation Day.' Why are investors so happy? Both US and Chinese officials communicated the idea that more progress was made than initially anticipated and that the sides will finalize a pact as soon as possible. Most importantly, each side is slashing tariffs on each other for the next 90 days. The US will cut tariffs on Chinese goods to 30% from 145%, and the Chinese will lower tariffs to 10% from 125%. The cooling of trade relations will provide Wall Street with something it hasn't had in the past month: certainty. Finally, the US and China released an extremely rare joint statement. President Donald Trump's busy weekend did not stop with trade negotiations. Trump shared on his social media platform 'Truth Social' that the United States will be instituting a 'Most Favored Nation's Policy' via executive order whereby the United States will pay the same price as the nation that pays the lowest price worldwide. The SPDR S&P Biotech ETF and big pharma giants like Merck were lower in early trading Monday. Chat-GPT-parent OpenAI made plans over the weekend to renegotiate its partnership with Microsoft to shift to a public benefit corporation to eventually IPO. OpenAI, which has been under the 'non-proifit' umbrella since its founding, has been moving toward a for-profit structure for months, and this news formalizes it. Beyond OpenAI private shareholders, MSFT investors stand to benefit the most from an OpenAI IPO as Microsoft owns a 49% stake in the company. The geopolitical backdrop also provided welcome news for Wall Street. Over the weekend, news broke that Ukranian President Zelensky and Russia's Putin will meet to negotiate an end to the current conflict. Saturday. India and Pakistan agreed to a ceasefire amid a multi-day skirmish. Meanwhile, the final living Israeli hostage was released by Hamas. Finally, President Trump will make his first international trip of his second presidency when he visits the Middle East on Tuesday. An unexpected thaw in US-China trade relations is sending US equity markets soaring this morning. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Inc. (JD) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report SPDR S&P Biotech ETF (XBI): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
22-04-2025
- Business
- IOL News
Chinese stocks trading in the US face an old foe: Delisting
The trade showdown between Washington and Beijing is spilling over to Chinese stocks listed in the US, with analysts war-gaming a scenario where they're booted off American exchanges. US Treasury Secretary Scott Bessent, asked about delisting companies, said all options are 'on the table' in trade negotiations with China. While no further details have been floated, strategists and analysts at JPMorgan Chase & Co., Morgan Stanley, Jefferies Financial Group Inc. and UBS Group AG have published notes assessing the risk for the more than 200 Chinese companies listed in the US, with a total market capitalization of $1.1 trillion. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ PDD Holdings Inc., the owner of discount e-commerce platform Temu, as well as the likes of Vipshop Holdings Ltd. and TAL Education Group could be hardest hit by such a move. These companies are among the relatively few US-traded Chinese firms with no Hong Kong-listed shares for their US stock to convert into. In the event of delisting, these firms could be removed from global indexes, leading to about $11 billion worth of passive outflows, according to JPMorgan estimates - $9.4 billion of which would come from PDD alone. The Nasdaq Golden Dragon China Index, a cap-weighted index of US-listed Chinese firms, has so far largely shrugged off the threat. It is down 0.5% in the year to date, outperforming the S&P 500 Index's 8% drop over the same period. Delisting Revisited The scenario is familiar to investors in US-listed Chinese firms, which came under scrutiny during President Donald Trump's first term when Beijing and Washington were locked in a dispute over the audit practices of Chinese companies. The issue was effectively resolved in 2022 and lay dormant until early in Trump's second term, when he issued an executive order directing the government to step up scrutiny of US investment into Chinese companies. The administration has numerous tools to implement delisting. The US Securities and Exchange Commission could order exchanges to delist Chinese or Hong Kong-based firms, or deregister those firms from trading in the US at all - even over-the-counter, where Didi Global Inc. and Luckin Coffee Inc. still trade despite leaving US exchanges. The SEC could also invoke an emergency power to order a trading suspension, though such a move might be bolstered if it were initiated by the White House. Another option would be to require the SEC to issue a final rule prohibiting the use of variable interest entities, the business structure most Chinese and Hong Kong firms use to facilitate trading in the US, and which Trump cited in his executive order. All of those options would likely work faster than using the Holding Foreign Companies Accountable Act, the legislation underlying the previous auditing conflict. With the flaring up of the trade war, Bessent's comment is a reminder that the delisting threat remains part of Trump's approach to managing the overall conflict between the two powers. 'The US has two powerful cards: ADR delisting and US investment ban,' according to a note from Jefferies analysts led by Edison Lee. 'The US reciprocal tariffs are not just about trade, but more about competition between the US and China, and making sure the US wins.' Valuation Risk Delisting would raise liquidity concerns. Trading volume for some American depositary receipts, the structure often used by Chinese companies for their US-traded stock, has been much higher than for the firms' Hong Kong listings, Jefferies wrote. The average daily trading volume of Alibaba Group Holding Ltd.'s and Inc.'s respective ADRs is about 80% higher than their Hong Kong shares, Morgan Stanley data showed. If all ADRs were to be removed from US exchanges at the same time, 'the entire Chinese equity market would face valuation downside risk' based on the ramping up of US-China geopolitical tensions, Morgan Stanley's Laura Wang wrote in a note. Over the long run, however, the Hong Kong market should be able make up for the volume, especially for larger names, Wang added. In the short term, forced delisting would be disruptive if shareholders find converting US ADRs into Hong Kong shares challenging, or they simply don't want to hold them. The risk is lower for most US-listed Chinese companies, according to Jerry Wu, a London-based fund manager at Polar Capital LLP. Alibaba and investor base was once primarily US backers, but now China domestic investors have become a key part of the owners of these shares, he said.
