• 5 things to watch on the ASX 200 on Wednesday

    A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements

    On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a very strong session and raced higher. The benchmark index stormed 1.35% higher to 7,838.8 points.

    Will the market be able to build on this on Wednesday? Here are five things to watch:

    ASX 200 expected to fall

    It looks set to be a red day for the Australian share market on Wednesday despite a relatively positive session in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 36 points or 0.45% lower. On Wall Street, the Dow Jones was down 0.75%, but the S&P 500 pushed 0.4% higher and the Nasdaq climbed 1.25%.

    Oil prices fall

    ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a tough day after oil prices pulled back overnight. According to Bloomberg, the WTI crude oil price is down 1.1% to US$80.77 a barrel and the Brent crude oil price is down 1.2% to US$84.94 a barrel. Easing tensions between Israel and Lebanon were behind the weakness.

    Buy Bellevue Gold shares

    The Bellevue Gold Ltd (ASX: BGL) share price is good value according to analysts at Goldman Sachs. This morning, the broker has initiated coverage on the gold miner with a buy rating and $2.20 price target. This implies potential upside of 24% for investors. It said: “With BGL largely through initial ramp up, we see the business well positioned amongst mid-cap peers at ~200-250kozpa gold production, with higher average grades and stronger margin generation, where low cost mill expansion/underground optionality support further upside.”

    Gold price falls

    ASX 200 gold shares such as Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a subdued session after the gold price eased overnight. According to CNBC, the spot gold price is down 0.6% to US$2,331.1 an ounce. A stronger US dollar and widening bond yields put pressure on the precious metal.

    Perpetual rated as a buy

    Analysts at Bell Potter think investors should be buying Perpetual Ltd (ASX: PPT) shares. According to a note, the broker has reaffirmed its buy rating and $27.60 price target on the fund manager’s shares. This implies potential upside of 30% for investors. Its analysts continue to believe that Perpetual’s shares are undervalued by the market. They said: “We continue to see considerable upside from the current share price.”

    The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bellevue Gold Limited right now?

    Before you buy Bellevue Gold Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bellevue Gold Limited wasn’t one of them.

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    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • CNN stands to make millions from the Trump-Biden debate, but its rivals could make even more

    Advertisement for CNN presidential debate in Atlanta, Georgia
    Thursday's presidential debate is the first ever to feature commercials, which could rake in millions not only for CNN, but other networks, too.

    • Thursday's presidential debate will feature commercials for the very first time
    • Struggling with ratings, CNN is banking on the event to draw in viewers and millions in revenue
    • Rival networks can air the live broadcast and run their own ads, setting them up to outperform CNN

    Faced with lagging viewership, CNN is anticipating that Thursday's presidential debate will rake in huge sums. Yet other networks are allowed to air the live broadcast of the showdown, setting them up to outperform CNN at its own game.

    President Joe Biden and former President Donald Trump's uncharacteristically early face-off is notable for various reasons, namely the two commercial breaks that will splice up the 90-minute debate. Presidential debates have historically been ad-free, but CNN is offering two tiers of advertising this year, with the most robust package costing a minimum of $1.5 million, sources told Semafor.

    Though CNN is hosting and moderating the debate from its studios in Atlanta, other networks can sell their own advertisements during their simulcasts. Given that some of those networks, like Fox News and MSNBC, typically have a larger primetime audience than CNN, they may be able to sell advertising slots for more money, Variety reports.

    Per CNN's rules, networks cannot plug commercial breaks with commentary from their own on-air personalities and must keep the CNN logo visible.

    A CNN spokesperson told Business Insider that the network is making the debate available across a variety of platforms in an effort to reach as many people as possible, and a representative for Fox News pointed to the network's press release about its coverage. Other networks did not immediately respond to Business Insider's request for comment.

    With cable news channels like CNN facing questions about their futures, the presidential election serves as a potential opportunity to boost viewership. As Semafor notes, the election so far hasn't generated the same level of attention as recent races, but debates — especially the early ones — historically generate high ratings.

    Clea Conner, the CEO of Open to Debate, a nonpartisan organization, told Politico that the decision to air advertisements is "shameful" and likened the event to reality television.

    "Even though there will be only two commercial breaks this time, once we deem them acceptable it's a classic slippery slope," she told Politico. "How many will there be next time, and the time after that?

    Read the original article on Business Insider
  • I’m an interior designer — here are 9 things I’d absolutely buy at CB2 right now

    Sectional couch in CB2
    CB2 has some solid couch options, in my opinion.

    • I'm an interior designer, and I chose furniture and decor I'd buy from the furniture retailer CB2.
    • The Enyo travertine coffee table and Derrico acacia-wood coffee table are statement pieces.
    • I'd upgrade a space with light-brown velvet Bettie throw pillows and CB2's Weaver Bird bust.

    As the US housing market continues to stretch wallets and put homeownership out of reach, many furniture retailers are seeing a dip in sales. After all, the fewer houses that sell, the fewer there are to furnish.

    But I'm an interior designer who's spent years working with all sorts of spaces and a range of budgets. I believe it's worth investing in timeless, well-crafted pieces even if you're decorating a rental.

    One retailer I enjoy shopping at is CB2, a high-end treasure trove of modern furnishings and accents that never fail to impress me.

    Here are nine pieces I'd buy there right now.

    Use the Derrico acacia-wood coffee table to add visual interest to a living room.
    Stone coffee table in brown color on green carpet in CB2
    The Derrico acacia-wood coffee table can add organic shapes to a home.

    The sculpted organic shape of this Derrico acacia-wood table brings fluidity and movement to a room. Each table is unique, showcasing grain patterns, knots, and textures that add warmth and character to a space.

    With its natural finish and minimalist design, it serves as a versatile centerpiece, ideal for any living room (especially one going for an organic modern look).

    The Enyo travertine coffee table is a timeless and dramatic statement piece.
    Large solid coffee table
    A travertine coffee table is a huge statement piece.

    The only thing I love more than an oversized coffee table is an oversized travertine coffee table.

    There's something inherently timeless about natural materials and stone, so this piece won't be out of style anytime soon. Plus, travertine can be an exceptionally durable material that works well on a coffee table.

    This black wall mirror has a horn frame that makes it a focal point.
    Irregular-shaped black mirror
    The hand-inlaid horn frame is perfectly bold.

    Add a touch of drama to your walls with this striking organic-shaped mirror with a hand-inlaid horn frame.

    The mirror's fluid contours and dynamic silhouette can add depth to your space while also creating a captivating focal point.

    I adore CB2's Weaver Bird black-fiber clay bust.
    Head statue and black jute-style vase  in CB2
    This bust of Muthoni wa Kirim is a standout piece.

    The Weaver Bird black-fiber clay bust depicts Muthoni wa Kirim, a high-ranking freedom fighter in 1950s Kenya.

    I love that this piece departs from traditionally European-centric bust sculptures. It's the first bust I've encountered depicting a Black person, and its significance resonates deeply.

    The sleek matte-black finish and sculpted curves evoke a sense of modern elegance and powerfully celebrate diversity.

    The Faible wheat-performance-velvet sectional sofa is sleek.
    Sectional couch in CB2
    CB2 has some solid couch options, in my opinion.

    I love a deep-seat sofa, but it's hard to find ones that still feel sleek. With clean lines and a buttery-soft texture, this Faible sofa strikes the ideal balance between sophistication and coziness.

    The fabric is undeniably beautiful and comes in several different swatches, too.

    Use the Kota round marble dining table to eat at or to decorate a foyer.
    Marble table  in CB2
    The Kota round marble dining table looks elegant and it's functional.

    I'm obsessed with this sleek round marble dining table from CB2. Its silhouette is accentuated by a tiered effect in the marble, creating a sculptural masterpiece that combines form and function.

    Although it's probably most often used as a dining table, it also works well as a stunning entry table in a grand foyer or lobby.

    The Copernicus tarnished-silver wall sconce is a showstopper.
    Candle holder in CB2
    The Copernicus tarnished-silver wall sconce holds tapered candles.

    The tarnished-silver finish of the Copernicus wall sconce is highly reflective and creates a stunning play of light and shadow that adds depth and dimension to a space.

    Because it uses tapered candles, it's perfect for illuminating walls without hardwiring or unsightly cords. Really, it's a sophisticated solution to ambient lighting.

    I would recommend flanking a piece of art with these sconces in a dining room.

    You can use light-brown velvet Bettie throw pillows in just about any space.
    Pillows in shelves in CB2
    CB2's Bettie throw pillow in light-brown velvet would look great on most couches.

    CB2's Bettie throw pillow in light-brown velvet is perfectly neutral, meaning it effortlessly complements any decor scheme.

    The plush velvet makes the pillow luxurious, and the subtle fringe detail gives it extra visual interest as a stylish accent piece.

    A smoked wall mirror is a unique way to add personality to your home.
    Round black mirror on wall in CB2
    A smoked wall mirror is a conversation piece.

    Even with its smoky finish, this 48-inch ultra-modern mirror can brighten dark corners by reflecting light from different angles.

    Plus, its curved surface adds a playful distortion to reflections, making it an instant conversation starter.

    Read the original article on Business Insider
  • Superannuation and tax changes starting next week

    Two young boys each have a piece of chocolate cake, but one piece is bigger than the other.

    Your compulsory Superannuation Guarantee payment will rise from 11% to 11.5% of earnings and Stage 3 tax cuts will kick in from next week.

    Let’s take a look at the details.

    Superannuation changes starting next Monday

    The Superannuation Guarantee ascends again from 1 July from 11% of earnings to 11.5% of earnings.

    This is the payment made by your employer directly into your superannuation fund.

    Say your salary is $100,000 plus superannuation. In FY24, you will have received $11,000 via the Superannuation Guarantee. In FY25, you will receive an extra $500 with your payment rising to $11,500.

    Another superannuation change coming into effect next week is an increase in the personal concessional contributions cap from $27,500 to $30,000 for FY25. More about this later.

    What about those tax cuts?

    Every taxpayer will receive a tax cut from 1 July under the amended Stage 3 tax cuts.

    Here are a few examples of how the tax cuts will affect wage earners.

    Example 1. A worker earning $55,000 per year will save $1,054 per year in tax.

    Example 2. A worker earning $80,000 per year will save $1,679 per year in tax.

    Example 3. A worker earning $140,000 per year will save $3,729 per year in tax.

    Here are the individual tax rate tables for FY24 and FY25. Use the following details to work out the exact tax savings you will receive based on your specific salary.

    Resident tax rates FY25

    Taxable income Tax on this income
    $0 – $18,200 Nil
    $18,201 – $45,000 16 cents for each $1 over $18,200
    $45,001 – $135,000 $4,288 plus 30 cents for each $1 over $45,000
    $135,001 – $190,000 $31,288 plus 37 cents for each $1 over $135,000
    $190,001 and over $51,638 plus 45 cents for each $1 over $190,000
    Source: ato.gov.au

    Resident tax rates FY24

    Taxable income Tax on this income
    $0 – $18,200 Nil
    $18,201 – $45,000 19 cents for each $1 over $18,200
    $45,001 – $120,000 $5,092 plus 32.5 cents for each $1 over $45,000
    $120,001 – $180,000 $29,467 plus 37 cents for each $1 over $120,000
    $180,001 and over $51,667 plus 45 cents for each $1 over $180,000
    Source: ato.gov.au

    One week left to add extra funds to superannuation

    There is only one week left to make personal contributions to your superannuation (and pick up the substantial tax concession that comes with it) before FY24 ends.

    Personal superannuation contributions (up to the cap of $27,500 for FY24) are taxed at just 15%. This is far lower than most workers’ marginal tax rates.

    Personal contributions include the compulsory superannuation guarantee paid by your employer, any salary sacrificing you have arranged, and any extra money you choose to add yourself before 30 June.

    Here’s how the tax concession works.

    Say you contribute $8,000 of post-tax earnings into superannuation. Your super fund will pay the 15% tax on your behalf. That will leave $6,800 to be invested in accordance with your selected strategy.

    When you fill in your tax return, you will claim an $8,000 tax deduction, effectively cancelling out the original tax you paid on the $8,000.

    Findex tax advisory partner Alex Duonis explains the benefit:

    A high earning taxpayer may obtain a tax deduction at a rate of up to 47.5% in respect of such super contributions but may only pay contributions tax at the fund level of 15%, thus generating a potential immediate tax arbitrage benefit of 32.5%.

    Make sure you check out all the rules relating to personal concessional superannuation contributions before making any decisions.

    After depositing your funds, you must fill in a Notice of Intent to Claim or Vary a Deduction for Personal Super Contributions form and send it to your superannuation fund.

    The post Superannuation and tax changes starting next week appeared first on The Motley Fool Australia.

    Maximise Your Super before June 30: Uncover 5 Strategies Most Aussies Overlook!

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    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • I’m an American who’s lived in Paris for 15 years. Taking these 5 notes from the French has really improved my life.

    Author Kasia Dietz posing with tote bag in Paris stre

    Fifteen years ago, I met with love on New York's Prince Street. The stuff of fairy tales? Mais oui! He was a handsome Italian living in Paris.

    Five months and many visits after our first encounter, I bid farewell to my family, friends, and customs and moved to France, welcoming all the curiosities and clichés composing my new life.

    Thanks to my Polish mother, I had an EU passport and an open mind that I credit to my bicultural upbringing. And, looking back after well over a decade of la vie Parisienne, I can say I've adapted well.

    There have been difficulties along the way. After all, Paris is still one of the most expensive cities to live in.

    But these five lifestyle changes have allowed me to embrace French culture in the best way — you may want to give them a try wherever you are.

    Since moving to Paris, taking time for a midday meal has become a welcome practice

    Lunch was more of an afterthought during my chaotic life in New York City, where I'd often stare into my computer screen while gulping down a Cobb salad.

    These days, lunch is an event. Whether I'm attending a fancy work lunch or grabbing a bite with friends, I take time to consider not only the menu but also my company. Sometimes, even a glass of wine is part of the ceremony.

    On days when I'm pressed for time, I'll dine at home or pick up a fresh baguette and savor every crispy bite from a bench in my neighborhood park.

    Eating on the run (or in the metro) is a thing of the past. I also allow for a coffee break in the afternoon in which I perch at a café and watch the world go by, even for just a moment.

    Farm-to-table dining is a way of life in France, both in restaurants and at home

    Kasia Dietz grabbing produce at farmers market in Paris
    I shop at farmers markets regularly.

    Cooking has become a regular ritual, and one that I even enjoy, particularly when my Italian chef takes over.

    Most of my meals used to be eaten outside of my home, if not ordered in. Now, rather than amassing takeaway menus, I collect cookbooks.

    With two farmers markets weekly per neighborhood in Paris, I also now think in terms of seasons when it comes to food. Every spring, I look forward to the strawberry harvest. Before moving, I'd never even been aware of all the varieties and flavors of the fruit.

    There are also many vegetables, like white asparagus and turnips, I once took no notice of that now play a leading role in my kitchen.

    It feels like quite a contrast to life in New York, where supermarket shelves were fully stocked regardless of what was actually in season.

    Wine has become my drink of choice

    From Bordeaux to Burgundy, wine has become my drink of choice in a country reputed for its vineyards.

    My frequent nights of cocktails followed by late-night fare have been replaced by a glass of wine paired with a healthy dinner. My body thanks me — after all, red wine is a healthier option than sugary mixed drinks.

    Plus, nothing complements a well-cooked meal like a good vintage.

    With so many leading bars in my neighborhood (like Little Red Door and Candelaria), I still enjoy a creative libation but much prefer the early evening art of the apéro.

    I've become passionate about sustainability in fashion

    Author Kasia Dietz sitting drinking coffee in Paris
    I've really embraced sustainability in the fashion industry.

    One of the most significant lifestyle changes I've made since moving to Paris is connected to sustainability.

    Living in the fashion capital and moonlighting as a handbag designer has led me to meet talented fellow designers who produce limited-edition collections in Paris.

    I've become dedicated to supporting these local artisans by almost entirely shopping for items made here, and vintage clothing and accessories.

    My new philosophy of collecting instead of consuming allows me to save both time and money by not being tempted by fast fashion and fads. Plus, I buy less but better.

    To further celebrate local design, I even lead custom fashion tours to introduce visitors to unique and ethically-minded Parisian brands.

    Lastly, I've learned how to disconnect from work

    As much as I love what I do for work, I understand how important it is to rest and reset.

    That doesn't mean a month of summer Fridays, as was the practice for many companies in New York. In France (and much of Western Europe), it means taking off all or most of August to soak beneath the Mediterranean sun or retreat to a family home in the countryside.

    I still do tend to check my emails often — I am a New Yorker, after all — but I embrace the month when Paris rests, and life is lived at a slower and more mindful pace.

    Read the original article on Business Insider
  • A US military aircraft just returned to a WWII airstrip that was once the site of a bloody battle in the Pacific

    U.S. Marine Corps KC-130J Super Hercules aircraft
    For the first time since its recertification in June, a military fixed-wing aircraft has touched down on the historic Peleliu airstrip, marking a significant and triumphant return to this iconic World War II site.

    • A US military aircraft landed on Peleliu's WWII airstrip, reopening it after many years.
    • The Peleliu airstrip, vital during the 1944 battle, was restored by Marine Corps engineers.
    • The landing could enhance US military capabilities to counter China in the Indo-Pacific.

    A US military cargo plane returned to a World War II airstrip on Saturday, a site in the Pacific region that Marines had to reclaim.

    "The landing of the C-130 on the resurfaced runway after many years hopefully begins a new chapter for a prosperous future of Peleliu island," Peleliu Governor Emais Roberts said in a United States Indo-Pacific Command press release.

    The Peleliu airstrip, also known as the Sledge runway, was the scene of the 1944 Battle of Peleliu, in which 8,000 Marines and soldiers were wounded, and about 1,800 service members were killed; the Imperial Japanese forces suffered an estimated 10,900 casualties.

    Marine Corps Engineer Detachment Palau 24.1 has made efforts to restore the strip since then. The runway was named for Eugene Sledge, an enlisted Marine veteran whose memoir of the desperate Peleliu battle formed a basis for the HBO miniseries "The Pacific."

    U.S. Marine Corps KC-130J Super Hercules aircraft
    U.S. Marines and Sailors with Marine Corps Engineer Detachment Palau, and locals of Peleliu, observe a U.S. Marine Corps KC-130J Super Hercules aircraft with 1st Marine Air Wing, land on a newly designated airstrip on the island of Peleliu, Republic of Palau, June 22, 2024.

    The aircraft's touchdown on the Peleliu airstrip epitomizes the US military's expanding footprint as it recognizes more bases may be needed to counter China's military build-up.

    Peleliu, an island of Micronesia that belongs to the nation of Palau, is part of the jurisdictions the US military is trying to gain exclusive access to. The island in the southern Philippine Sea may hold renewed strategic value in the face of China's growing missile arsenal.

    In March, President Joe Biden renewed compacts and secured $7.1 billion dollars for Palau, Micronesia, and the Marshall Islands.

    This would allow the US to gain access to resources like air, land, and sea territory. Palau citizens would also be permitted to work, study, join the US military, and receive access to veteran healthcare.

    U.S. Marine Corps KC-130J Super Hercules aircraft
    A U.S. Marine Corps KC-130J Super Hercules aircraft with 1st Marine Air Wing on June 22, 2024.

    The US has been scouring the region for other historic airfields that can be rebuilt. Last year, the US checked up on the island of Tinian, a piece of US territory belonging to Guam, where another airfield was heavily used during WWII.

    In April of this year, it was announced that an airfield construction project would be completed in Tinian and is expected to be finished within five years.

    US forces have been trying to compete with China's growing military presence, which is capable of striking American bases using long-range missiles it has developed in recent years.

    Read the original article on Business Insider
  • Is the Pilbara Minerals share price on track for a strong recovery in FY25?

    Miner looking at a tablet.

    The Pilbara Minerals Ltd (ASX: PLS) share price has sunk 35% in the last 12 months, as shown on the chart below. With FY25 just around the corner, it’s worthwhile considering if the ASX lithium share can recharge investor returns.

    The ASX mining share has been struggling with the commodity price sinking. In the quarterly update for the three months to 31 March 2024, it revealed that its realised price for its production dropped 28% to US$804 per tonne, down from US$1,113 per tonne for the three months to December 2023.

    Commodity businesses’ profits are closely linked to the strength of the commodity price. Production costs don’t cost much month to month, so a decrease in revenue significantly harms net profit as well, which can then flow onto the share price. That’s what has happened to Pilbara Minerals shares.

    Lithium price stabilising

    Pilbara Minerals reported in the quarterly update that, compared to the December 2023 quarter, the lithium price stabilised and then increased towards the end of the March 2024 quarter. A pre-auction sale in March of 5,000 dry metric tonnes (dmt) at a price of US$1,106 per dmt reflects the “ongoing demand and positive pricing for unallocated production volume”.

    UBS said last week in a note that it thinks a spot price of US$1,050 to US$1,075 per tonne is a “fair reflection of a well-supplied market.”

    The broker thinks the market is still pricing in a lithium rebound to US$1,440 per tonne based on the Pilbara Minerals share price. UBS suggests it could take a couple of years for the lithium price to return to UBS’ long-term target of US$1,400 per tonne.

    UBS notes the recent announcement of a pre-feasibility study by Pilbara Minerals that shows the Pilgagoora project could expect to be 2mt per annum in the future.

    However, in the short term:

    We continue to see the market well supplied and now longer-term we see plans from the likes of P2000 and Zijin Mining’s Manono as quickly solving any potential 2030 deficit.

    FY25 forecast for Pilbara Minerals shares

    UBS now predicts the ASX lithium share can generate $1.27 billion of revenue in FY24 and FY25, while net profit after tax (NPAT) could increase to $398 million in FY24, up from a projected $359 million in FY24.

    The UBS price target on Pilbara Minerals shares is $2.70, which currently suggests a 14% decline over the next 12 months from where the valuation sits today.

    The post Is the Pilbara Minerals share price on track for a strong recovery in FY25? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Pilbara Minerals Limited right now?

    Before you buy Pilbara Minerals Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Pilbara Minerals Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

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    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.