Harmony's (HMY) headline earnings per share for the full year ended June 30 sank 49% to 4.99 rand (~$0.296) from 9.87 rand a year ago.The miner swung to a full-year net loss of 1.05 billion rand ($62.3M) from a net profit of 5.09B for FY 2021, including a 4.43B rand ($263.1M) impairment due to a reserve downgrade at its Tshepong operations, which significantly affected their valuation.Full-year revenues rose 2% Y/Y to 42.65B rand from 41.73B rand, but gold production edged lower to 1.49M oz vs. 1.54M oz a year earlier, and all-in sustaining costs increased 3% during the year to $1,749/oz from $1,515/oz, as a result of the lower production but also due to higher costs for labor, electricity and consumables.Harmony's (HMY) board declared a final dividend of 22 South African cents per share,

The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:Returning to an in-person conference for the first time since the pandemic spread in 2020, the heavyweight lineup is headlined by Fed Chair Jerome Powell with a speech on Friday morning, at 10 a.m. Washington time.Investors will be listening closely for any clues about how the US central bank is thinking about the pace of interest rate increases ahead of its Sept. 20-21 policy meeting, after raising its benchmark rate by three-quarters of a percentage point at each of its last two meetings.Kansas City Fed President Esther George, who is hosting the conference thi

Payrolls seen climbing 298,000; hourly wages forecast up 5.3%Data follow mostly firmer recent readings on labor marketThe hotly anticipated US jobs report has the potential to tip the scales toward a third jumbo-sized hike in interest rates later this month after a wave of data that point to a resilient consumer and high labor demand.Friday’s report is one of the last marquee releases Fed officials will have in hand before the mid-September policy meeting to help them decipher a complex economic and inflationary puzzle.Forecasts call for a healthy, yet more moderate 298,000 gain in August payrolls and for the unemployment rate to hold steady at 3.5%, matching the lowest in five decades. Solid wage growth is also expected amid a persistent mismatch between labor demand and supply.Such figur

After Q2 earnings, I updated my price target for Tesla (NASDAQ:TSLA) stock to $765 pre-split, which implies 14% downside from the current price. As I've shared in past articles (1,2), the key assumption inmy model is that Tesla grows at a 25% CAGR over the next decade primarily due to growth in electric vehicle sales. While the upcoming Tesla stock split isn't material to my thesis, investors may have questions about how the split works, and I'll attempt to answer some of the common ones in this article.Stock Split FAQsI covered Tesla's stock split in my last article, but I'll recap a few of the key questions and answers about the split here. Those who read my previous article or are experienced with stock splits can skip to the next section.How Do Stock Splits Impact Your Investment?The t

Bitcoin's blow-off top at $25k on August 14th signifies the end of a reflexive rally, representing the "return to normal" stage of a bubble.We anticipate Bitcoin is entering "phase 2" of its first-ever bear market, which can decrease BTC by another 60% to 80%.Tight monetary conditions, regulatory encroachment into crypto, pending collapses/insolvencies, and the spread of Monkeypox can push Bitcoin to $13k, $11k, or $8k - $5k by November 2022.rayisaBitcoin: This Time Is Different!As opposed to the grassroots movement it once was, institutional fund flows primarily drove Bitcoin's (BTC-USD) most recent bull trend. In 2020, the US Federal Reserve lowered interest rates to 0 and provided over $2.3 trillionin loans to support the economy. This, combined with Covid-19 stimulus checks given direc

There's no beating about the bush: It's been a trying year for investors. The combination of historically high inflation, a weakening U.S. economy, and heightened geopolitical tensions (e.g., Ukraine war), pushed both the broad-based S&P 500 and technology-centric Nasdaq Composite firmly into a bear market.However, you wouldn't know the stock market is suffering through one of its worst years in decades by the actions of Wall Street's most-successful investors. Instead of retreating to the sideline, billionaire money managers have been actively buying stocks as the market dips. In particular, billionaires have really taken a liking to tech stocks focused on forward-looking innovation.What follows are four next-generation tech stocks billionaires simply can't stop buying.Image source: G

Buffett's amazing investing track record has led to a greater than 3,600,000% return for his company's shareholders since 1965.Due to an acquisition in 1998, Buffett has a "hidden" portfolio with $5.9 billion in assets under management.The latest round of 13F filings revealed three brand-new growth stocks added to Berkshire's secret portfolio during the second quarter.There are few investors who command the attention of a room quite like Berkshire Hathaway CEO Warren Buffett. Since taking the reins in 1965, he's led his company's Class A shares (BRK.A) to an average annual gain of 20.1%, which translates into an aggregate return of 3,641,613%, as of the end of 2021. Though no investor is infallible, Buffett's knack for picking winners has earned him a captive audience.The easiest way for i

All eyes were on Netflix, Inc.(NASDAQ:NFLX) earlier this week ahead of its earnings release on Tuesday after the market close.The analyst community was calling for earnings of $2.96 per share on revenue of $8.0 billion and for a 1.9 million drop in paid subscribers. This follows the 200,000 paying subscribers Netflix lost in the first quarter and its guidance for a two million loss in the second quarter.The reason for the drop?Experts cite inflation and competition from services like The Walt Disney Company’s (NYSE:DIS) Disney+ are to blame.

The S&P 500 has fallen sharply in recent days, as the dovish pivot has vanished.An FOMC meeting and a slew of economic data will make September very volatile.Rising rates and uncertainty could put the June lows in play.Stocks are off to a turbulent start in September, as the Fed crushed all hopes of a dovish pivot at the Jackson Hole meeting last Friday. To make matters worse, September will hold several key economic data points and an FOMC meeting which could create even more volatility in a seasonally lousy time.Today's job report appeared a bit weaker on the surface due to the rising unemployment rate. However, the jobs data showed that the pace of hiring in the economy is still strong, and wage growth remains elevated, despite rising slower than inflation.The increase in unemployme