Here’s what you need to know today

• The Murdoch family’s succession drama is over, for now. Rupert and his four eldest children have reached a deal that would see Rupert’s chosen successor, Lachlan, take control of News Corp and Fox Corp after Rupert passes away. As part of the settlement, Prudence, Elisabeth and James will each receive roughly US$1.1 billion in Fox Corp and News Corp shares. (Capital Brief)
  
  

• Australia Post will resume shipping parcels to the US on 25 September after the postal service found a way to comply with new American tariff rules on small value parcels. This change had affected a large number of Australian businesses selling directly online to US customers. (ABC News)
  
  

• Australia’s Future Fund reported 12.2% returns over the past 12 months, bringing its total assets under management to $250 billion. Australia’s sovereign wealth fund also reported it has started investing in line with its new mandate, requiring the fund to support the energy transition, fund infrastructure and increase the supply of housing. (AFR)
  
  

• America’s tech-heavy Nasdaq index hit an all-time high, largely driven by Broadcom’s positive earnings. Broadcom, the lesser discussed $1 trillion tech company, is a semiconductor designer that has seen shares rise 145% in the past 12 months. (Reuters)
  
  

• The ANZ jobs saga continues. ANZ has said it will cut 3,500 jobs over the next 12 months and end contracts for 1,000 contractors. Many staff have been aware these job cuts were coming for a couple of weeks after mistakenly receiving an automated redundancy email before they had been told they would be losing their job. (ABC News)
  
  

• Just days after passing $3,500 an ounce for the first time ever, gold has passed $3,600 as President Trump’s continued pressure on the US Federal Reserve increases expectations of a rate cut on 17 September, which would likely push up inflation. (Reuters)
  
  

• Tesla’s market share of the American car market has fallen to its lowest level since 2017. Cox Automotive, a research firm, found that Tesla sold 38% of electric vehicles in America in August. At its peak, Tesla had 80% of America’s EV market. (Reuters)
  
  

• Apple unveiled its latest products, including the iPhone 17, which will include an ultra-thin ‘Air’ model. The company also unveiled upgrades to the Apple Watch and AirPods. While Apple product launches used to be a marquee event, recent launches have seen investor and consumer interest wane. (Bloomberg)
  
  

• The French national assembly passed a no-confidence vote in Prime Minister François Bayrou, over his plan to bring France’s government debt under control. President Emmanuel Macron now must appoint his fifth Prime Minister in two years. (ABC News)
  
  

• 19 people have died in Nepal in protests after the government banned social media platforms, including Facebook and Twitter (X). Some protestors tried to storm the country’s parliament in the capital of Kathmandu. After the protests, the government announced it would reverse the social media ban. (BBC)

What the…?

The New Zealand government has spent NZ$10 million to fix the bells that play at the country’s National War Memorial in Wellington. The only problem? They also fired the only person who knows how to play them.

The country's sole carillonist, Timothy Hurd, has been playing the bells three times a week for the past 40 years. But despite the project to refurbish the bells, the government has decided to cut the carillonist role from this year’s budget. (Radio New Zealand)

Investing is a lifelong journey

Here’s what you can learn today

4 steps to find great stocks

This is an excerpt from our recent episode on Get Started Investing titled ‘4 Simple Steps for Anyone to Pick Great Stocks’ (Apple | Spotify | YouTube)

Alongside the episode, we created our 4-Step Stock Checklist, download it for free.

Ren: We've got to start by asking a question that I think not enough people ask. What game are you playing?

Bryce: There are plenty of ways to make money in the stock market and it's important that you understand the way that you're trying to make money.

You would've heard things like value investing, momentum, looking for quality, looking for growth, technical analysis, day trading, you name it. There are plenty of ways to make money in the stock market and all of them work at different times and people make money in many different ways. But when it comes to understanding what works, they all have different methodologies of going about it.

Ren: And I think to this question that we're answering today, what makes a great stock? They all have different answers to that question. Let's look at a momentum investor, which is a pretty far step removed from what we do. What makes a great stock for them will be a lot of momentum indicators or technical indicators. Their indicators and their criteria are just completely different to what we're going to talk about today. But it's not like they're wrong and we're right or vice versa because we'll make money, they'll make money, whichever game you choose to play, if you play that game well and consistently and in a disciplined way, you can make money in the share market.

So I think it's not about, there's not one right answer to this question, but it is having a clear and consistent answer to this question. The follow up question becomes what game are we playing?

Bryce: We are playing a game of trying to find long-term compounders that are great companies. We are looking for great companies that become great investments. That is the game that we are playing.

Ren: That leads to our four step checklist. So let's hit them briefly and then we'll go into detail.

• Number one: A company that makes a great product or service

• Number two: They can earn above market profit from that product or service for years to come.

• Number three: They can reinvest that profit in productive ways.

• And then finally: We can buy that company at a reasonable price.

Bryce: Simple. Who needs a finance degree when you have a simple four step checklist like that.

Hear us unpack those four steps in detail on the Get Started Investing YouTube channel. 

A message from Fidelity

Where should investors be looking for the next wave of global growth?

As large caps hover near historical valuation highs, and with a few stocks dominating its index, many investors are seeking signals for the next wave of growth and new avenues for diversification. With global small-and-mid-caps gaining renewed momentum, could now be the time to broaden your portfolio?

The Fidelity Global Future Leaders Active ETF offers investors an easy way to access tomorrow’s global growth, backed by Fidelity’s research-powered investing, and experienced investment experts dedicated to investing in global small to mid-cap companies.

Discover tomorrow’s global leaders, today.

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