• Here are the top 10 ASX 200 shares today

    A man wearing a red jacket and mountain hiking clothes stands at the top of a mountain peak and looks out over countless mountain ranges.

    The S&P/ASX 200 Index (ASX: XJO) had another euphoric day of trading this Monday, kicking off the trading week with an almighty bang.

    That bang saw the Index rise above 8,000 points for the first time ever, as well as hit a new record high.

    By the time trading closed today, the ASX 200 had lifted a happy 0.73% up to 8,017.6 points after rising as high as 8,037.3 points earlier this morning.

    This ‘off to the races’ start to the week for ASX shares comes after a happy conclusion to the American trading week last Friday.

    The Dow Jones Industrial Average Index (DJX: DJI) had a great time, rising 0.62% after hitting a new record high of its own.

    The Nasdaq Composite Index (NASDAQ: .IXIC) was also in fine form, shooting up 0.63%.

    But let’s get back to this week and the local markets, and take a look at how the different ASX sectors fared amid today’s jubilant trading conditions.

    Winners and losers

    It was all smiles amongst the ASX sectors today, with every single one gaining in value.

    The least impressive gains were to be found in the industrials space though. The S&P/ASX 200 Industrials Index (ASX: XNJ) recorded a respectable, but relatively small, rise of 0.25%.

    Gold shares did a little better though, with the All Ordinaries Gold Index (ASX: XGD) ekeing out a 0.33% improvement.

    Consumer staples stocks did better again. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) bounced 0.33% this session.

    Utilities shares had a great day too, with the S&P/ASX 200 Utilities Index (ASX: XUJ) enjoying a 0.54% lift.

    Then we had mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) was running hot, and rose 0.55%.

    Energy shares outperformed miners though, with the S&P/ASX 200 Energy Index (ASX: XEJ) increasing 0.67%.

    ASX financial stocks were in demand too. The S&P/ASX 200 Financials Index (ASX: XFJ) galloped 0.7% higher today.

    Healthcare shares made their presence known to investors as well, evident from the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.79% climb.

    Communications stocks were making their holders a happy lot. The S&P/ASX 200 Communication Services Index (ASX: XTJ) surged up 1.02%.

    Real estate investment trusts (REITs) got the bronze medal this Monday, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) soaring 1.08%.

    Consumer discretionary shares were the second-best place to be. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) banked a gain of 1.37%.

    But it was tech stocks that took out today’s crown. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was lighting up the ASX boards with a happy 1.39% leap higher.

    Top 10 ASX 200 shares countdown

    The top stock from today’s trading came in as healthcare share Nanosonics Ltd (ASX: NAN).

    Nanosonics stock rocketed 5.08% today, up to $3.31 a share.

    This rise came after the company released what was evidently a well-received trading update.

    Here’s a look at the rest of today’s biggest winners:

    ASX-listed company Share price Price change
    Nanosonics Ltd (ASX: NAN) $3.31 5.08%
    Charter Hall Group (ASX: CHC) $12.73 4.77%
    Block Inc (ASX: SQ2) $103.13 4.19%
    Seek Ltd (ASX: SEK) $21.54 3.96%
    Nickel Industries Ltd (ASX: NIC) $0.86 3.61%
    Mirvac Group (ASX: MGR) $2.08 3.48%
    Data#3 Ltd (ASX: DTL) $8.32 2.97%
    Flight Centre Travel Group Ltd (ASX: FLT) $22.56 2.78%
    WiseTech Global Ltd (ASX: WTC) $97.64 2.47%
    GPT Group (ASX: GPT) $4.50 2.51%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Nanosonics, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Block, Nanosonics, and WiseTech Global. The Motley Fool Australia has recommended Flight Centre Travel Group and Seek. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • A classmate of Trump shooting suspect Thomas Matthew Crooks says the gunman was such a bad shot he got rejected from their high school rifle team

    Republican presidential candidate former President Donald Trump is rushed offstage during a rally on July 13, 2024 in Butler, Pennsylvania.
    Donald Trump is rushed offstage during a rally in Pennsylvania after an attempted assassination.

    • A 20-year-old man fired at Donald Trump in Butler, Pennsylvania, killing one rallygoer.
    • An ex-classmate said the gunman was a poor shot and was rejected from his high school's rifle team.
    • "He was asked not to come back because how bad of a shot he was," the classmate said to ABC News.

    The 20-year-old gunman who fired at former President Donald Trump at his rally in Butler, Pennsylvania, on Saturday was a bad shot, his ex-classmate says.

    Jameson Myers, who said he attended both elementary and high school with the suspect, Thomas Matthew Crooks, spoke to ABC News after the shooting, which left one rallygoer dead and two others injured.

    Myers told ABC News Crooks had tried to join their high school's rifle team, but was rejected and told not to try out again.

    "He didn't just not make the team, he was asked not to come back because how bad of a shot he was, it was considered like, dangerous," Myers said.

    Myers graduated in 2022 with Crooks. According to CBS News, Myers was in the Bethel Park High School varsity rifle team. He told CBS he and Crooks were close in elementary school but not in high school.

    Another anonymous rifle team member told ABC News that people believed Crooks "wasn't really fit" to join them.

    "He also shot terrible," the team member said.

    But Myers added that Crooks, who was killed at the scene by Secret Service agents, never acted like a "political revolutionary" and that he was a "very nice, even sweet guy."

    The rifle team's coach declined to respond to ABC News' queries. The school district told the outlet that Crooks had "never appeared on a roster" and that there was "no record" of him trying out.

    The FBI confirmed Crook's identity to Business Insider early on Sunday morning.

    Crooks was a dietary aide at the Bethel Park Skilled Nursing and Rehabilitation Center, the center said in a statement obtained by The Hill on Sunday. His motives for the attack are, at press time, unclear.

    Outside school, Crooks was a member of the Clairton Sportsmen's Club, a club with multiple pistol and rifle ranges in Clairton, Pennsylvania, CBS News reported.

    He had used an AR-style 5.56 rifle that was legally purchased to shoot Trump and the spectator, FBI Pittsburgh Office Director Kevin Rojek said in a call with reporters on Sunday.

    Trump was seen ducking for cover after gunshots rang out at his Saturday rally. Photographers later captured snapshots of Trump as he stood and pumped his fist at the crowd in defiance, with streaks of blood on his face.

    He was then escorted off-stage by Secret Service agents.

    The top of his ear was pierced with the bullet, Trump wrote in a Truth Social post on Sunday. In an interview with the New York Post on Sunday, he said he was lucky to be alive.

    "I'm not supposed to be here, I'm supposed to be dead," Trump said.

    "By luck or by God, many people are saying it's by God I'm still here," he added.

    He also told the Post that he thinks the Secret Service agents did a "fantastic job" gunning down the shooter.

    Read the original article on Business Insider
  • Cathie Wood says she wouldn’t have sold Nvidia stake ‘had we known that the market was going to reward it’

    Ark Invest's Cathie Wood speaking at Invest Fest; Nvidia CEO Jensen Huang speaking at The New York Times DealBook Summit.
    Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal.

    • Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up.
    • She previously called Nvidia a "check the box stock" with too much "hyperactivity." 
    • Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. 

    Hindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.

    "Before selling NVDA in ARKK, had we known that the market was going to reward it and the other Mag 6 stocks to the exclusion of stocks that will be the prime beneficiaries of AI, like TSLA – the largest AI project earth – and multiomics names like RXRX, we would have held it," Wood said in an X post on Sunday.

    Wood's post referred to four stocks via their ticket symbols — Nvidia, Ark Innovation ETF, Tesla, and Recursion Pharmaceuticals.

    She also appeared to reference the "Magnificent Seven," a list of top tech companies that include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

    A Nvidia spokesperson declined to comment to Business Insider.

    Representatives for Wood didn't immediately respond to a request for comment from BI sent outside regular business hours.

    https://platform.twitter.com/widgets.js

    Wood's remarks on Sunday are probably the closest we are ever going to get to a mea culpa from the famed investor. According to The Wall Street Journal, Wood's investment fund sold at least $4.5 million worth of Nvidia stock this year.

    "Everyone now understands that Nvidia is the key chip player. It's created the AI age in a sense, but we do think that it has become a check the box stock," Wood told The Wall Street Journal's Dion Rabouin in a podcast that aired in February.

    "I've watched Nvidia all my career actually since it's gone public, it's a very cyclical stock," she said. "There's this hyperactivity, everyone excited trying to get in at the same time, so there's double ordering, triple ordering, quadruple ordering, and then there is an inventory correction. We think that will happen again."

    But Nvidia's stock price has more than outperformed Wood's bearish prediction. The chip giant's stock has gone up by 172% this year, and it briefly became the world's most valuable company last month.

    To be sure, Wood isn't the only one who thinks Nvidia is wildly overvalued.

    NYU finance professor Aswath Damodaran said he sold half his Nvidia stake last year after the company hit a $1 trillion valuation.

    "The run up has been just so astonishing that I cannot in good conscience hold on to it and call myself a value investor," Damodaran told CNBC in an interview from June 2023.

    Read the original article on Business Insider
  • 3 tips for enjoying fast food even if you’re cutting down on ultra-processed foods, from a dietitian

    Headshot of Kat Garcia-Benson (left) Chipotle worker making a bowl with chicken, beans, and guacamole.
    Dietitian Kat Garcia-Benson shared how to approach eating out if you're trying to avoid ultra-processed foods.

    • Ultra-processed foods are everywhere but tend to be low in nutrients and fiber.
    • A dietitian shared how to grab a quick low-UPF lunch at your favorite chain.
    • Prioritize lean protein over processed meat and include a good source of fiber, she said. 

    A dietitian shared three principles to follow if you want to cut down on ultra-processed foods but rely on fast food chains.

    There's no set definition of UPFs, but they tend to be low in nutrients, and made hyper-palatable using ingredients and processes that you wouldn't find in a regular kitchen. This can lead to overeating and weight gain.

    UPFs make up around 70% of the US food supply, and products can include the obvious soda, candy, to most store-bought sauces and even some wholewheat bread and yogurt.

    Despite the associated health risks of eating UPFs, it's tough to avoid them while eating out. But it is possible to make healthy choices like you would at home, Kat Garcia-Benson, a dietitian based in Texas who works with Top Nutrition Coaching, told Business Insider.

    Garcia-Benson encourages people to feel empowered by their food choices rather than feeling guilt and shame if they're not able to eat perfectly.

    "We can prioritize nutrient-dense foods and at the same time, we can move on that spectrum depending on what's available, what's accessible," she said.

    Garcia-Benson shared three principles to follow if you want to cut down on UPFs but need to eat out.

    Choose a lean protein

    Garcia-Benson recommends prioritizing a lean source of protein, such as grilled chicken, baked fish, or beans, over processed meats like sausage and bacon.

    "If you're wanting to support your health long-term. If you're wanting to have a meal that maybe feels a little bit lighter and gives you a little bit more energy, we're going to focus on the lean protein," she said.

    Processed meats have been linked to a higher risk of colorectal cancer, which is rising in younger people.

    Evidence shows that eating even small amounts of processed meat on a regular basis increases the risk of the disease, according to The American Institute for Cancer Research.

    Include fiber

    Another priority for Garcia-Benson is adding some kind of vegetable or another good source of fiber to every meal.

    "I work a lot in the digestive health field, and so fiber is a big focus of mine when working with clients," she said.

    Fiber, which is found in plant foods such as fruits, vegetables, legumes, whole grains, nuts, and seeds, is crucial for digestive health. It feeds the "good" bacteria in the gut, which are linked to smoother digestion and overall health.

    UPFs tend to be low in fiber and high in fat, salt, and sugar because they're manufactured to be ultra-palatable. So by prioritizing fiber in your meal, you'll naturally eat fewer UPFs.

    Burrito bowl
    Adding fiber to fast food can make it healthier.

    Think about the meal's purpose

    When deciding what to order, it's important to think about what your nutritional needs for the rest of the day are, Garcia-Benson said.

    "What you need that meal to do for you will oftentimes determine what would be the best choice for carbohydrates," she said. If you're going to be sitting at a desk for the rest of the day, you might opt for a salad. But if you're about to work out, you might want to include some more carbs for an energy boost.

    "I like to focus on what to add versus what to take away," Garcia-Benson said.

    Read the original article on Business Insider
  • CSL shares hit new 52-week high! What’s next?

    A woman reclines in a comfortable chair while she donates blood holding a pumping toy in one hand and giving the thumbs up in the other as she is attached to a medical machine to collect her blood donation.

    There’s only one word that can describe the S&P/ASX 200 Index (ASX: XJO)’s performance this Monday: fire. ASX 200 shares, including CSL Ltd (ASX: CSL), were indeed on fire today.

    Not only did the index add a healthy 0.73%, but it has also hit yet another new record high. Yep, the ASX 200 clocked a fresh record of 8,037.3 points this morning. That was shortly after blowing through the psychologically-important 8,000-point threshold for the first time ever as well.

    But let’s talk about ASX 200 healthcare giant CSL.

    New ASX 200 highs all around

    It was a top day for CSL shares as well. The ASX’s third-largest stock also saw its shares at a fresh new high today, albeit a 52-week one. This morning, the CSL share price opened at $308.93 a share after closing at $306.60 last week. But soon after, those same shares climbed up to a flat $311, the new high watermark for CSL.

    At market close, the company cooled off a little to end the day up a decent 0.64% at $308.56.

    This share price puts CSL up by 7.03% in 2024 to date. This company is also sitting on a 12-month gain of 19.22%.

    Saying that, CSL’s new 52-week high isn’t nearly as momentous as that of the broader ASX 200. The company has been here several times before. At least once a year since 2020, CSL shares have ascended above $310 a share. It happened in 2020, 2021, 2022 and 2023. But each time CSL hit this milestone in the past, investors got cold feet and subsequently sent the company lower.

    So, while today marks the first time in 12 months that CSL shares have had ‘311’ at the front of their pricing, we have to go way back to early 2020 to find the last time CSL was at an all-time high. That occurred on 20 February 2020, when CSL hit $342.72 a share.

    But it’s now more than four years later, and we still haven’t seen CSL get anywhere near that all-time record high.

    Check all of this out for yourself here:

    What’s next for CSL shares?

    Fortunately for CSL investors, ASX brokers seem to be excited about what lies in store for the CSL share price.

    Last week, my Fool colleague James covered broker Bell Potter’s bullish view of the healthcare stock.

    Calling CSL “an attractive buying opportunity”, here’s some of what the broker said:

    CSL has been in a holding pattern since 2020, and for good reason. COVID hit the business with higher collection costs for plasma, depressing margins. We anticipate the start of a margin recovery phase for CSL, driving above-market earnings growth over the next few years…

    Given the company’s proven quality and growth prospects, we believe significant upside remains.

    It’s not just Bell Potter though. We’ve recently covered the views of brokers at Macquarie. Macquarie is also bullish on CSL shares, giving the company a buy rating as well as a 12-month share price target of $330.

    Like Bell Potter, Macquarie sees substantial potential for CSL to grow its earnings over the next few years, and as such, views the current CSL share price as undervalued.

    No doubt these optimistic projections will be welcomed by CSL’s investors. But, as always, we’ll have to wait and see if today’s new 52-week high is a sign of things to come.

    The post CSL shares hit new 52-week high! What’s next? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Sebastian Bowen has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Prepare for earnings! What ASX bank share buyers can learn from Wells Fargo results?

    A man in a suit smiles at the yellow piggy bank he holds in his hand.

    ASX bank shares have been on a tear. Over the past year, the S&P/ASX 200 Banks Index (ASX: XBK) soared 30%, surpassing the S&P/ASX 100 Index (ASX: XTO), which rose shy of 10% during the same period.

    Now, all eyes are on the upcoming reporting season to take cues for the next move from here.

    Meanwhile, some US banks have already started reporting earnings, starting with Wells Fargo & Co (NYSE: WFC), Citigroup Inc (NYSE: C), and JP Morgan Chase & Co (NYSE: JPM).

    Of particular interest were Wells Fargo shares, which plunged nearly 6% after reporting earnings last Friday.

    What caused this drop, and can we take cues from the Wells Fargo earnings for ASX bank shares?

    Weaker net interest income from Wells Fargo

    In the second quarter, from April to June 2024, Wells Fargo recorded US$11.92 billion in net interest income, down 9% from a year ago. Noninterest income grew 19% to US$8.77 billion, leading to a revenue growth of 1% to US$20.53 billion. Net income decreased slightly by 1% from a year ago to US$4.91 billion. Wells Fargo CEO Charlie Scharf said:

    We continued to see growth in our fee-based revenue offsetting an expected decline in net interest income.

    The bank explained that the lower net interest income was due to the impact of higher interest rates on funding costs and lower deposit balances. The surge in noninterest businesses was driven by higher trading revenue in its Markets division and higher fees in investment banking and wealth management services.

    Looking ahead, Wells Fargo expects FY24 net interest income to fall 8% to 9%, compared to previous guidance of 7% to 9%. The bank expects higher expenses for the full year due to higher compensation expenses and a special assessment expense. Reflecting this, the bank guided for noninterest expense of US$54 billion, compared to the previous guidance of US$52.6 billion.

    Wells Fargo shares had risen 32% over the past year before Friday’s 6% fall. The company’s results and weaker FY24 guidance were insufficient to meet the heightened market expectations. While total revenue and profits were in line with analysts’ expectations, the weaker performance in net interest income and FY24 guidance disappointed investors.

    Wells Fargo’s rapid contraction in net interest income might be a good indication of what to look for when ASX banks report.

    How did ASX bank shares perform so far?

    Like US banks, ASX bank shares rose substantially in the past year. Share price performances and FY25 price-to-earnings (P/E) ratios based on S&P Capital IQ estimates are:

    • Commonwealth Bank of Australia (ASX: CBA) shares rose 30% in a year and trade at FY25 P/E of 23x
    • Westpac Banking Corp (ASX: WBC) shares rose 31% in a year and trade at FY25 P/E of 15x
    • National Australia Bank Ltd (ASX: NAB) shares rose 37% in a year and trade at FY25 P/E of 16x
    • ANZ Group Holdings Ltd (ASX: ANZ) shares rose 21% in a year and trade at FY25 P/E of 13x

    ASX banks expect to report their earnings updates in August 2024, mostly between 14 and 20 August.

    The post Prepare for earnings! What ASX bank share buyers can learn from Wells Fargo results? appeared first on The Motley Fool Australia.

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Kate Lee has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase. 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.

  • The most immediate threat to China’s economy isn’t external. It’s internal.

    Chinese and foreign tourists in Shanghai, China.
    China's economic challenges include weak consumer sentiment and demand.

    • China's economy grew 4.7% in the second quarter of this year from a year ago, missing expectations.
    • Its economy faces immediate internal challenges.
    • One of the biggest challenges is weak domestic demand: People aren't buying enough stuff.

    China's economy is under siege from tariff hikes by the US and the European Union, but this may not be its most immediate threat.

    Instead, China's sluggish domestic demand appears to be a more pressing issue.

    On Monday, Beijing released new data that underscores the scale of China's domestic consumption problem.

    China's economy grew 4.7% in the second quarter of this year from a year ago, according to the National Bureau of Statistics — missing the 5.1% growth analysts polled by Reuters had expected.

    Growth was dragged by weak consumption, with retail sales of consumer goods expanding just 2% in June from a year ago. In June, sales of cars, cosmetics, and household electronics and musical instruments slumped 6.2%, 14.6%, and 7.6% respectively from a year ago, the data showed. Notably, even as consumption fell in all these categories, residents' disposable income grew.

    Not the first indicator of trouble

    The data released on Monday comes after another data release signaled trouble a few weeks ago.

    China's official Purchasing Managers' Index represents larger companies and state-owned enterprises, many of which are in industrial manufacturing. The index contracted for the second straight month in June, data released on June 30 shows.

    In contrast, an S&P Global PMI reading — which reflects activity at export-oriented small and medium private businesses — showed output growth hit a three-year high in June.

    That means consumer demand within China is slowing, even as demand for made-in-China products grows externally.

    The divergence is important because China — the world's factory — could face lower global demand for some of its exports after trade tariffs kick in.

    In a recent report, economists at Nomura wrote that there are "concerns that China's economy will be unable to sustain a strong recovery through depending only on exports."

    The market's conviction in China's recovery is eroding, the Nomura economists wrote, with China's benchmark CSI 300 index giving up some gains after hitting a May peak.

    China has acknowledged it faces challenges in the consumption space.

    "We should be aware that the external environment is intertwined and complex, the domestic effective demand remains insufficient and the foundation for sound economic recovery and growth still needs to be strengthened," China's National Bureau of Statistics said on Monday.

    While exports may continue to support growth in the coming months, "it probably won't overcome weakness on the domestic side," Eric Zhu, an economist at Bloomberg Economics, said in early July.

    China's unwilling consumers

    China is facing a real-estate crisis, stock-market volatility, geopolitical headwinds, and demographic challenges.

    The economic uncertainty is contributing to weak consumer sentiment and risk hedging. People are spending their money on gold and experiences instead of discretionary goods.

    Weak consumer demand is bad for China's economy, as it can contribute to a vicious cycle of deflationary pressure on the back of slowing wage growth and consumer spending. Not even China's mega-sales festivals can entice buyers to spend money the way they used to.

    "The divergence between expansionary production and contractionary new orders suggests activity data on the supply side may continue to outperform demand-side activity data, which is likely to exert continued downward pressure on goods prices," the Nomura economists wrote in a separate note in early July.

    The contraction in official manufacturing PMI and a pullback in industrial profits also validate concerns of "'too little, too late' policy stimulus," Vishnu Varathan, the chief economist of Asia excluding Japan at Mizuho Bank, in early July.

    "Doubts that Beijing has a handle on economic revival are justifiably mounting," Varathan added.

    July 15, 2024: This story has been updated with new data from China's National Bureau of Statistics.

    Read the original article on Business Insider
  • Trump says it’s great he got such a nice photo after being shot at because ‘usually you have to die to have an iconic picture’

    Secret Service agents rushing former President Donald Trump offstage during a rally in Butler, Pennsylvania.
    Secret Service agents rushing former President Donald Trump offstage during a rally in Butler, Pennsylvania.

    • Donald Trump, fresh from an assassination attempt, said he was glad to get an "iconic" photo from it.
    • "Usually you have to die to have an iconic picture," the former president told the New York Post. 
    • The photo has been touted by Republicans on social media.

    Former President Donald Trump, who was seen pumping his fist in the air after he got shot at during a rally in Butler, Pennsylvania, said that he was glad he didn't have to die for an iconic picture.

    "A lot of people say it's the most iconic photo they've ever seen," Trump said to the New York Post on Sunday. "They're right, and I didn't die. Usually, you have to die to have an iconic picture."

    He added: "I just wanted to keep speaking, but I just got shot."

    Secret Service tending to Donald Trump onstage at a rally in Butler, Pennsylvania, after he was shot at.
    Secret Service tending to Donald Trump onstage at a rally in Butler, Pennsylvania, after he was shot at.

    Trump was seen ducking for cover after gunshots rang out at his rally in Butler, Pennsylvania, on Saturday. Photographers later captured snapshots of Trump as he stood and pumped his fist at the crowd in defiance with streaks of blood across his face.

    Trump was then escorted off-stage and whisked away by Secret Service agents.

    The top of his ear was pierced with the bullet, he wrote in a Truth Social post on Sunday.

    The "iconic" photo is certainly doing him favors. It is being reposted and widely shared by Republican lawmakers and Trump supporters on social media.

    Trump's son, Donald Trump Jr., posted the photo by the Associated Press photographer Evan Vucci, writing: "He'll never stop fighting to Save America."

    https://platform.twitter.com/widgets.js

    Florida Sen. Marco Rubio also shared the photo, saying: "God protected President Trump."

    Vucci, who has covered Trump for years, said he understood the significance of the moment when he heard gunshots ring out.

    "I knew immediately it was gunfire," Vucci said in a video posted on the AP's website on Saturday. "So I looked at the stage, and I saw the Secret Service agents rushing to President Trump."

    "In my mind, it all happened really fast," Vucci added. "At the moment I heard the shots being fired I knew that this was a moment of American history that had to be documented."

    Trump told the New York Post he was lucky to be alive.

    "I'm not supposed to be here, I'm supposed to be dead," Trump said.

    "By luck or by God, many people are saying it's by God I'm still here," he added.

    He also told the Post that he thinks agents did a "fantastic job" gunning down the shooter. The authorities have identified the gunman as Thomas Matthew Crooks, 20.

    The shooting left one spectator in the rally dead and left two others critically injured.

    Following the shooting, senior lawmakers like House Speaker Mike Johnson have asked people to dial down the heated political rhetoric as the country gears up for the November presidential elections.

    "We've got to turn the rhetoric down," Johnson said on Sunday. "We've got to turn the temperature down in this country."

    "We need leaders of all parties, on both sides, to call that out and make sure that happens so that we can go forward and maintain our free society that we all are blessed to have," he added.

    Trump and Biden have also called for unity in the US after the shooting.

    A representative for Trump did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

    Read the original article on Business Insider
  • Shannen Doherty described her funeral wish list in a podcast, and it includes specific notes about her ashes

    Shannen Doherty posing with her dog Bowie.
    Shannen Doherty, who died on July 13, previously expressed her wishes to have her remains mixed with her dog's and her father's.

    • "Beverly Hills, 90210" star Shannen Doherty died on Saturday at the age of 53.
    • She discussed her funeral plans during a January episode of her podcast, "Let's Be Clear With Shannen Doherty."
    • The actor said she wants to be cremated and have her remains mixed with her dog's and her father's.

    Shannen Doherty had some ideas for her funeral before her death.

    The "Beverly Hills, 90210" actor died on Saturday. In a January episode of her "Let's Be Clear with Shannen Doherty" podcast featuring guest Chris Cortazzo, she spoke about what she wanted her burial arrangements to be like.

    "I want to be mixed with my dog, and I want to be mixed with my dad. I do not want to be buried. I want to be cremated," Doherty told Cortazzo, her best friend and the executor of her will.

    She also mentioned being intrigued by the idea of using her remains to "grow a tree."

    When Cortazzo mentioned that he would "wear" some of Dohery's remains around his neck as a necklace, Doherty said she had done the same with some of her father's remains.

    "I did that with my dad. I had my dad around my neck for a little bit. I actually don't know where that necklace went, but I was having nightmares," Doherty said.

    For her final resting place, Doherty said she would "have to find a place that my dad and I both really loved and meant a lot to us," adding that they spent their most precious time together in Malibu.

    As for her funeral service, Doherty said she preferred a "shorter" list of attendees and wanted it to be held at her house, "but like a party."

    Doherty was diagnosed with breast cancer in 2015 but went into remission in 2017. In 2020, she announced that her illness had returned as stage 4 cancer.

    She had spent months getting her affairs in order. On an episode of her podcast that aired in April, Doherty said she was getting rid of her material possessions so her mother wouldn't have to worry about them after she died.

    "It feels like you're giving up on something that was very special and important to you," she said. "But you know that it's the right thing to do and that it's going to give you a sense of peace and a sense of calm because you're helping the people that you leave behind just have a cleaner, easier transition."

    Like Doherty, more and more Americans are opting for cremation instead of a traditional casket burial. According to data from the National Funeral Director's Association, the national cremation rate overtook the casket burial rate in 2015 and has been on the rise ever since.

    Part of the reason is that cremations tend to be cheaper than burials: In 2021, the national median cost of a funeral with a viewing and burial was about $7,848, while the median cost of a funeral with cremation was about $6,971.

    However, even cremation has a sizable impact on the environment, leading to alternatives like "aquamation," where a body is dissolved in a vessel, leaving behind bone minerals that are then ground up, or human composting, where a body is mixed with plant material and turned into soil.

    A representative for Doherty did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

    Read the original article on Business Insider
  • How is the stock market reacting to yesterday’s attack on Trump?

    Woman looking at a phone with stock market bars in the background.

    We won’t know how stock markets in the United States will respond to this weekend’s attempted assassination of former US President Donald Trump until US markets open on Monday morning (overnight Aussie time).

    We do know that the S&P/ASX 200 Index (ASX: XJO) has just roared into new all-time high record territory, currently up 0.6% at 8,006 points.

    And we know that S&P 500 Index (SP: .INX) futures are up 0.2%, indicating a likely positive start to the week in US stock markets.

    This comes after Trump, who’s running against incumbent President Joe Biden in hopes of retaking the White House in November’s presidential elections, survived a sniper attack at a campaign rally on Saturday (Sunday morning in Australia).

    A bullet grazed the former president’s ear, and a spectator was tragically killed in the attack, with several others wounded before police eliminated the 20-year-old shooter.

    While our most ardent hope is that this heinous attack marks an end to escalating political tensions and violence, our beat is the stock markets.

    With that in mind, here’s what investors might expect in the wake of the failed assassination attempt on Donald Trump.

    How the Trump shooting could impact stock markets

    Biden’s popularity was already plunging amid concerns over the 81-year-old’s potentially deteriorating mental faculties following the recent presidential debate. Now, Trump’s literal dodging of a bullet and subsequent defiant public appearances are widely seen to have boosted Trump’s election chances.

    So, what does that mean for the ASX and global stock markets?

    According to Nick Twidale, chief market analyst at ATFX Global Markets (quoted by The Australian Financial Review), “Undoubtedly, there’ll be some protectionist or haven flows in the Asia early morning. I’d suspect gold could test all-time highs, we will see the yen getting bought and the dollar and flows into Treasuries too.”

    To date, we haven’t seen any major moves in the gold price, with the yellow metal trading near its Friday levels of US$2,411 per ounce.

    Cryptocurrencies are another story.

    Kyle Rodda, senior financial market analyst at Capital.com, said (quoted by Bloomberg), “This news marks a changing point in American political norms. For markets, it means haven trades but more skewed towards non-traditional havens.”

    Rodda said he had noted more client flows into Bitcoin (CRYPTO: BTC) and gold after the shooting. Indeed, the Bitcoin price is up 6.5% since the Trump campaign rally attack, currently at US$62,486.

    Stock market volatility likely to spike

    Investors should also prepare for more stock market volatility, said Frank Monkam, senior portfolio manager at Antimo.

    According to Monkam:

    Yesterday’s assassination attempt of President Trump is likely to mark the ‘grand opening’ of an elevated period of volatility for risk assets. Trump trades are also poised to move on the high conviction list for investors, with a particular focus on rates markets where the re-pricing of fiscal profligacy will look to offset the prospects of imminent Fed cuts.

    With Trump favouring tariffs and looser fiscal policies, analysts are also forecasting a stronger greenback and weaker US Treasuries.

    “The bond market should at some point, become aware of President Trump’s higher odds of winning the White House than any of his rivals. And I continue to believe that as his odds rise, so should the probability of a bond market riot,” Marko Papic, chief strategist at BCA Research, said.

    Traditional energy companies could benefit as part of the so-called Trump trade while renewable energy companies could see their stock market prices come under pressure.

    According to Michael Purves, CEO of Tallbacken Capital Advisors, there’s also the potential that ASX and US stock market investors could now see the US Fed opt to hold interest rates higher for longer.

    “Trump’s stated policies are (at least now) more inflationary than Biden’s, and we think the Fed will want to accumulate as much dry power as possible,” Purves said.

    Foolish takeaway

    While I generally like to craft my own Foolish takeaway on the stock markets, I don’t think I could put it any better than Oliver Pursche, senior vice president at Wealthspire Advisors.

    According to Pursche (quoted by Bloomberg):

    Regardless of what may or may happen Monday morning [US time], not reacting may prove to be the smartest thing you can do as a stock investor because generally people overreact in the wrong direction.

    Markets will find their equilibrium and get back to the things that matter from an investment perspective, which are economic growth, monetary and fiscal policy and corporate earnings.

    The post How is the stock market reacting to yesterday’s attack on Trump? appeared first on The Motley Fool Australia.

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