
ASX Up 230.9% in the Past Year: Should You Capitalize on the Euphoria?
ASE Technology's 230.9% one-year surge is fueled by booming AI packaging demand, rising LEAP volumes, margin expansion and a $10.5 billion 2026 capex plan.
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ASE Technology's 230.9% one-year surge is fueled by booming AI packaging demand, rising LEAP volumes, margin expansion and a $10.5 billion 2026 capex plan.

Get a jump start on the US trading day with Dani Burger and David Gura on "Bloomberg Open Interest." Stocks push higher after the Fed's unanimous rate hike under Kevin Warsh.

Wall Street Journal Chief Economics Correspondent Nick Timiraos joins Taylor Riggs to discuss the Federal Reserve's first interest rate hike in three years and the outlook for additional hikes.

The Federal Reserve raised policy rates by ~0.25% to 3.75%-4%, reinforcing a 'higher for longer' rate environment amid persistent inflation and elevated energy prices. Long-term Treasury yields remain elevated near 5%, reflecting concerns over inflation, fiscal deficits, and rising federal debt, while equities appear priced for flawless growth.

Sumitomo Mitsui Financial Group remains a 'Buy' with a 27% capital appreciation potential based on my target 2.00x P/B multiple. SMFG has upgraded its FY29 international income target to ¥0.14T, driven by Indian and Indonesian operations, with overall foreign ROTE expected to rise from 8.9% to 20%. Olive, SMFG's fintech superapp, now targets ¥0.11T FY29 earnings, leveraging strategic partnerships with convenience store chain 7-Eleven and fresh in-app advisory solutions.

The Fed's decision Wednesday to increase its key interest rate for the first time in three years in a bid to tame surging inflation could also put upward pressure on mortgage rates.

Diesel fuel is considered to be the U.S. economy's "single most universal tangible input" and that means what starts with truckers and railroads will ultimately hit consumers if record prices persist. The energy shock caused by wars in Ukraine and Iran could send home heating oil costs up by more than 30% this winter and require "significant sacrifices" by consumers, according to one heating industry executive.

"Inflation is still just too sticky," the big reason @CharlesSchwab's Collin Martin sees for the Fed raising interest rates. He makes the case for one or two more rate hikes before the end of 2026 even as Fed Chair Kevin Warsh stays cautious on offering guidance.

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 400 points on Thursday.

The Federal Reserve's rate increase and Chairman Kevin Warsh's messaging helped reassure investors about the central bank's commitment to fighting inflation.

Kevin Green offers more insight into the Fed's "hawkish hike" on interest rates and Wall Street pricing in up to two additional hikes before the end of 2026. The headlines sent an "initial shock" to the S&P 500 (SPX) before an eventual reversal, though as KG explains, the 20-day and 50-day SMAs converging lead to a dicey trading scenario.

Investors gain confidence in Fed's fight against inflation. 10-year yield drops below critical 5%.

Supermarket Income REIT LON: SUPR said it expanded its portfolio and strengthened its financing platform during the year, positioning the business to pursue earnings growth and support a minimum 2% dividend increase in the coming year.

The S&P 500 faces near-term risk from a 'double hawk' scenario now that the Fed has raised rates by 25 bps, increasing the stake for the BoJ to turn aggressively hawkish. The Fed's 25bps hike signals a potential new tightening cycle, extending 'higher for longer' and delaying rate cuts until at least 2028.

Federal Reserve Chairman Kevin Warsh and Treasury Secretary Scott Bessent are at odds over how to manage the benchmark 10-year Treasury yield.