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Dow Struggles to Extend Rally as Market Braces for Earnings Disaster

The Dow and broader U.S. stock market struggled for direction Monday, just one session removed from a new all-time high, as investors quickly shifted their focus to corporate earnings season. Dow Struggles for Direction U.S. stock markets traded mixed for most of the session on Monday, mirroring a tepid pre-market for Dow futures.  After trading…


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Apple optimistic on sales as iPhone price cuts help in China, shares rise

Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple’s price cuts there are helping limit sales declines.IPhone sales marked their steepest decline ever, falling 17 per cent in the fiscal second quarter from a year earlier and slightly…


Wake-up call for investors facing lower returns in Labor franking plan

Wake-up call for investors facing lower returns in Labor franking plan

Under Australia’s system of dividend imputation, shareholders receive franking credits to account for tax paid at the corporate level, which in most cases is 30 per cent. Credits can be used to offset tax owed by the shareholder.For people who pay little or no tax (such as superannuation funds and retirees), excess franking credits are…