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Selfwealth ditches Stake takeover bid

Selfwealth has rejected a takeover proposal from competitor trading platform Stake and its offer of 17.5c per share.

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Stake lobs bid for rival Selfwealth at 17.5¢ per share

Australia’s crowded online retail trading market is set for a shakeup.

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ASX to edge higher; Fed's Powell sees US boom ahead

ASX ends lower; BHP, Rio weigh on market
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Austal bears biggest hit from US tax hike among ASX companies
Vesna Poljak
Joe Bidenâs plan to raise Americaâs corporate tax rate would have the biggest earnings impact on Austal, Appen, and James Hardie, according to Macquarie analysis, which concludes they might still be better off as probable beneficiaries of Bidenâs infrastructure spending.
The intended tax increases are required to fund the administrationâs $US2 trillion ($2.6 trillion) plan to rebuild Americaâs transport infrastructure, utilities and other policy needs, by increasing the company tax rate to 28 per cent from 21 per cent.

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SelfWealth (ASX:SWF) share price higher on successful launch of US trading

SelfWealth (ASX:SWF) share price higher on successful launch of US trading
Lina Lim | December 16, 2020 10:35am |
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Image source: Getty Images
SelfWealth Ltd(ASX: SWF) shares have been under pressure after slumping more than 30% from their 80 cent peak back in September. Despite its recent underperformance, the SelfWealth share price is still up more than 200% year to date at today’s prices.
This morning, SelfWealth shares are on the move again after the company announced the successful launch of its US trading functionality. In the opening minutes of trade, the SelfWealth share price has risen 3.7% to 56 cents.
Plans for international trading

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