Asian Bonds Are More Sensitive to Treasury Rallies Than Routs
The study, which examines seven Asian nations and six recent highs and lows in US yields, suggests bond investors may wish to hold onto their positions when Treasury yields rise, and add to their portfolios when they decline.
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China's independent oil companies boost investments in Iraq
Chinese independent oil companies are intensifying their activities in Iraq, aiming to double their production to 500,000 barrels per day (bpd) by 2030, according to a Reuters report. This strategic move comes as some global majors have scaled back from these markets, which are traditionally dominated by China's state-run entities. The smaller Chinese producers, led by industry veterans, are drawn to Iraq by more attractive contract arrangements and the potential to leverage lower costs and faster project development. Geo-Jade Petroleum, United Energy Group, Zhongman Petroleum and Natural Gas Group, and Anton Oilfield Services Group have secured half of Iraq's exploration licences in recent rounds. Currently, China's CNPC is a major player, responsible for more than half of Iraq's production at large oilfields such as Haifaya, Rumaila and West Qurna 1. These companies are recognised for their rapid project execution, which appeals to the Iraqi Government. Their increasing presence signifies a shift for Iraq, which is under pressure to expedite energy projects and has previously resisted increasing Chinese influence over its oilfields. Furthermore, the agility and risk tolerance of these smaller companies allow them to develop oilfields in two to three years, significantly faster than Western counterparts. Iraq's improved political stability and investment climate are cited by executives as key factors in attracting both Chinese and Western companies. The country is seeking to significantly boost its oil output, targeting more than six million barrels per day by 2029. Iraq's shift from fixed-fee agreements to profit-sharing contracts has been instrumental in attracting Chinese independents. Geo-Jade Petroleum CEO Dai Xiaoping was quoted as saying: 'Chinese independents have much lower management costs compared to Western firms and are also more competitive versus Chinese state-run players.' Despite concerns over transparency and technical standards, the cost-effective approach of Chinese companies remains attractive to Iraq. While some Western companies are making a comeback, with TotalEnergies and bp planning significant investments, the trend of Chinese operators' expansion in Iraq's oil sector is clear. In May, a consortium spearheaded by Geo-Jade decided to fund the South Basra endeavour, encompassing the enhancement of the Tuba field in Iraq's southern region to a capacity of 100,000bpd. This included the construction of a refinery capable of processing 200,000bpd. With an investment pledge of $848m (6.09bn yuan), Geo-Jade is set to rejuvenate production at the predominantly idle field, aiming to achieve production of 40,000bpd by mid-2027. "China's independent oil companies boost investments in Iraq" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Do You Believe in Apple's (AAPL) Long-Term Compelling Value Proposition?
RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its 'RiverPark Large Growth Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets surged in the second quarter, with the S&P 500 Total Return Index rising 10.94% and the Russell 1000 Growth Index returning 17.84%. The fund also surged in the quarter and returned 15.01%. Continued enthusiasm for artificial intelligence, better-than-expected earnings in several large-cap growth sectors, and improving macroeconomic conditions lifted the markets in the quarter. Growth-focused stocks took the lead once more, with the strongest performance coming from sectors like technology, communication services, and certain areas of consumer discretionary. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, RiverPark Large Growth Fund highlighted stocks such as Apple Inc. (NASDAQ:AAPL). Apple Inc. (NASDAQ:AAPL) is an American multinational company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The one-month return of Apple Inc. (NASDAQ:AAPL) was -3.17%, and its shares lost 1.87% of their value over the last 52 weeks. On August 4, 2025, Apple Inc. (NASDAQ:AAPL) stock closed at $203.35 per share, with a market capitalization of $3.018 trillion. RiverPark Large Growth Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its second quarter 2025 investor letter: "Apple Inc. (NASDAQ:AAPL): AAPL underperformed in Q2 despite reporting solid results. The company posted revenue of $95.4 billion and EPS of $1.65, with growth in both iPhone and Services. However, investor response to Apple's AI roadmap, unveiled at WWDC in June, was mixed. While Apple introduced several new on-device AI features under its 'Apple Intelligence' initiative, the market viewed the rollout as more incremental compared to peers. A busy sidewalk filled with people using Apple devices like iPhones, iPads and Apple Watches. Apple Inc. (NASDAQ:AAPL) is in 8th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 159 hedge fund portfolios held Apple Inc. (NASDAQ:AAPL) at the end of the first quarter, which was 166 in the previous quarter. Apple Inc. (NASDAQ:AAPL) reported revenue of $94 billion in the June quarter, reflecting a 10% year-over-year increase. While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Apple Inc. (NASDAQ:AAPL) and shared the list of AI stocks analysts are watching closely. Aristotle Atlantic Large Cap Growth Strategy also commented on Apple Inc. (NASDAQ:AAPL) in its Q2 2025 investor letter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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I Asked ChatGPT: How Many Middle-Class Retirements Could You Fund With Elon Musk's Wealth?
ChatGPT certainly has many limitations, but one of the things it is best at is compiling data so humans can make their own interpretations. If you were curious, for example, about how the world could change if you could spread Elon Musk's billions across American retirees, you'd have to do some heavy digging, research and calculations to find the answer. But ChatGPT is able to access and present that information nearly instantaneously, using reliable sources like Business Insider and Barron's. How you interpret the information is up to you, but it's convenient to have it all presented in front of you in an easy-to-read format. With all this in mind, here's a look at what ChatGPT said when asked, 'How many middle-class retirements could you fund with Elon Musk's wealth?' Check Out: Read Next: Elon Musk's Net Worth ChatGPT looked at three sources to determine Musk's approximate net worth, as it's not a precisely defined figure: Bloomberg (June 20, 2025): $366 billion Business Insider (June 30, 2025): $367 billion Forbes (May 2025): $425 billion Based on the above, ChatGPT estimates Musk's current net worth to be somewhere in the $370 to $400 billion range. According to Forbes, this easily makes him the wealthiest person on the planet, worth roughly $126 billion more than No. 2 on the list, Meta Platforms CEO Mark Zuckerberg. Learn More: Cost of a Middle-Class, 20-Year Retirement ChatGPT wasn't as specific when enumerating the cost of a middle-class, 20-year retirement, offering only that nationally, it costs around $500,000 with Social Security. However, we know that the cost of retirement can vary wildly from region to region, and even from state to state, so it really depends on an individual's location and circumstances. How Many Retirements Could He Fund? For the solution to the problem, ChatGPT divides the range of Musk's estimated net worth by sample retirement costs: 'Let's do some quick math,' the AI said. Musk's Wealth Retirement Cost Retirements Funded $370 billion $500,000 740,000 or so retirees $400 billion $500,000 800,000 or so retirees 'So conservatively,' ChatGPT said, 'Elon Musk's fortune could sustain 740,000 to 800,000 middle-class retirements for 20 years.' A Broader Perspective In conclusion, ChatGPT tried to put Musk's immense wealth into perspective: 'That's nearly a million families getting by comfortably through retirement — an astonishing scale. To put it another way, each dollar of his wealth could fund about one retirement-dollar for five retirees.' Summary Wealth: $370-$400 billion Typical retirement cost: $500K Total retirements funded: 740,000-800,000 Musk's wealth is around 800,000 20-year retirements — a staggering testament to the scale of modern extreme wealth. Caveats ChatGPT certainly provides digestible, readable material, and its information in this case is reasonably in the ballpark. However, while the AI tool can be a good resource, it's always best to double-check any data it presents to ensure it's accurate and up to date. In this case, for example, ChatGPT doesn't do a great job of getting its numbers right. According to the Forbes billionaire's list as of July 2025, Musk's net worth has fallen to approximately $342 billion. While still an unfathomable amount of money, it's about $28 billion to $58 billion less than ChatGPT's estimate. That's quite a large difference, translating to a decrease of between 7.5% and 14.5%. ChatGPT's retirement data is also more of a broad estimate than an on-the-money projection. According to Northwestern Mutual's 2025 Planning & Progress Study, for example, the average American expects to need $1.26 million in retirement, not $500,000 as suggested by ChatGPT. This would mean that Musk would be able to fund far fewer middle-class retirements. All in all, the data shows that for these types of retirement funding projections, ChatGPT is still better at entertainment value than providing hard, accurate numbers. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Big Shakeups Coming to Social Security in 2025 Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on I Asked ChatGPT: How Many Middle-Class Retirements Could You Fund With Elon Musk's Wealth?
