Tesla leap fuels S&P 500 advance
A worker earning $100,000 is paying nearly $1500 more per year in tax, compared with 2011-12, analysis of new ATO figures shows.AUD +0.3% to 67.39 US centsIn New York: BHP -0.2% Rio +0.2% Atlassian +0.9%Spot gold -0.2% to $US1962.04/oz at 2.25pm in New York10-year yield: US 3.73% Australia 3.95% Germany 2.37%US Secretary of State Antony Blinken will travel to China for diplomatic talks next week and is expected to be there on June 18, a US official said on Friday.
Tesla has been a “wild stock” over the years, but it has only posted two other double-digit winning streaks in its history, according to Bespoke Investment Group. The first was 10 trading days ending in April 2020, while the second —and the longest one - was less than a year later, in January 2021.In a note, Wedbush Securities Dan Ives, a long -time bull on Tesla, said he has lifted his 12-month price target on the company by 40 per cent to $US300.
The latest OPEC production cuts will prompt a draw in oil inventories, sending prices into the low $US90s, Goldman Sachs Group global head of commodities Research Jeffrey Currie said in a Bloomberg TV interview.
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