October 2023

Tesla held its position as the world’s leading EV manufacturer in the third quarter, narrowly surpassing Chinese auto giant BYD. During this period, Tesla reported shipping 435,059 vehicles globally, rebounding after facing its first delivery drop in over a year due to factory shutdowns. Despite this decline, the company remains confident in achieving its year-end […]

Alex Hanly, CEO of Lithium Universe Limited (ASX:LU7), provides an update on the company’s projects, discussing progress towards developing the Quebec Lithium Processing Hub. Paul Sanger: Today, we’re talking to Lithium Universe (ASX:LU7), which has a market cap of around $20m. Lithium Universe plans to construct a project in Quebec to assist Canada with its

The S&P/ASX 200 is trading 1.08 per cent lower at 6,957. Staying on the Australian front, the Reserve Bank of Australia has maintained the cash rate at 4.1 per cent for the fourth consecutive month, citing concerns about persistently high inflation and the possibility of further monetary tightening to bring inflation back to target. This

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key points:The RBA left its cash rate on hold at 4.1% for the fourth month in a row.This was in line with our own forecast, the consensus of economists and the money market’s expectation.The decision to hold is consistent

ECS Botanics (ASX:ECS) has secured a $24 million offtake agreement with MediCann Health for the supply of medicinal cannabis. Commenting on the agreement, ECS Managing Director, Nan-Maree Schoerie said: “ This agreement not only reinforces our dedication to meeting the growing demand for affordable, accessible, and effective medicinal cannabis products but also marks another milestone

At noon, the S&P/ASX 200 is 1.19 per cent lower at 6,949.20. In August, new housing approvals experienced a significant rebound, growing by 7 percent compared to a revised figure of -8.1 percent in July. This increase was primarily driven by a 6 percent rise in house approvals and an 8.8 percent increase in approvals

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:CoreLogic data showed national average home prices rose 0.8% in September, up slightly from 0.7% in August.The CoreLogic home price series have been revised to give more weight to more recent sales which has had the effect of now