August 23, 2023

Stocks ended higher on Wednesday as Wall Street awaited the latest quarterly figures from Nvidia, which has just been reported after the bell. The high-flying chipmaker that’s been bolstered by the artificial intelligence craze on Wall Street has reported $10.32 billion in data centre revenue, which was up 171% on an annual basis. Net income […]

The central theme driving the energy transition and decarbonisation efforts revolves around the objective of maximising the use of electricity and sourcing this electrical power from renewable and low-carbon origins. The potential inclusion of nuclear energy in this shift toward electrification is gaining traction. Many experts and governments are reconsidering nuclear energy as a replacement

Santos (ASX:STO) experienced a sharp drop to $7.73. This decline followed the company’s announcement of a 32 per cent decrease in its first-half earnings, attributed to reduced production levels and the decline in prices for both oil and LNG (liquefied natural gas). Santos’ stock closed 1.02 per cent lower. At the closing bell, the S&P/ASX

The S&P/ASX 200 index has risen by 0.65%, reaching a level of 7,168. The SPI futures are pointing to a rise of 39 points. The Consumer Staples sector is the best performing sector, showing a 2.42% increase, while the Information Technology sector is the worst performer thus far, declining by 5.41%. When shifting to large

Lake Resources (ASX:LKE) reports important progress towards DFS completion in December for flagship Kachi Project in Argentina. The drilling, successful extraction and reinjection testing confirm the large scale and quality of the Brine Project. Lake CEO David Dickson said, “We have drilled deeper for better grades and improved our drilling performance by 40 percent this

Santos (ASX:STO) shareholders have managed to sidestep the ramifications of their company’s lackluster performance in the first half of June. During the six months leading up to June 30, 2022, Australia’s second-largest energy conglomerate witnessed a downturn of 32% in earnings, marking a significant shift from the previous year’s growth. Attributing the decline in net

Global logistics software firm, WiseTech Global (ASX:WTC), has emerged as a unique stock in the market, embodying both tech-style growth and shareholder value, in addition to robust gains on the stock market. WiseTech shares have surged by over 76% in the current year, up until the close of Tuesday’s trading, and the 31% increase in

At noon, the S&P/ASX 200 is 0.69 per cent higher at 7,170.90, primarily driven by positive earnings results from Woolworths (ASX:WOW) and Domino’s Pizza (ASX:DMP). Woolworths, the supermarket chain, saw its shares rise by 4.7% as it reported a 4.6% increase in annual profits, reaching $1.62 billion. Domino’s Pizza followed as the second-strongest performer, with

Macy’s, the largest department store chain in the United States, has posted a second-quarter loss that highlights a discrepancy with the recent positive earnings and profit margin increases reported by other retail giants like Walmart. While Walmart and discount chains such as TJX Cos and Ross Stores celebrated short-term successes, Macy’s loss underscores the prevailing

Mineral sands producer Iluka Ltd has made a significant cut to its interim dividend, offering just 3 cents per share for the six months ending June 30. This stands in stark contrast to the 25 cents per share dividend paid for the same period in 2022. The decision comes in response to a decline in