January 17, 2024

China’s economic troubles were laid bare on Wednesday for the world to witness, signaling a troubled economy. Wednesday’s release of economic data for December, the quarter, and 2023 confirmed the extent of the crisis: house prices plummeted at rates not seen in 8 years, property sector investment plunged once again, and the population experienced its […]

What was more significant in China’s steel production data from the National Bureau of Statistics (NBS) on Wednesday: the annual increase in crude steel production after three years or the steep decline in monthly production in December to a six-year low? The latter is more indicative of the state of steel demand in China heading

Elon Musk wants more control over Tesla—25% to be exact, which is nearly double his current holding. This desire marks a reversal from two years ago when he sold 22 million Tesla shares to help finance his $US44 billion Twitter purchase, reducing his stake in the EV maker from 17% to approximately 13.7%. The Twitter

On Wednesday, the world’s largest player in the lithium industry, Albemarle of the US, unveiled extensive restructuring and cost-cutting measures aimed at saving millions of dollars in expenses and capital expenditures (capex). This development sheds light on Albemarle’s decision to divest its nearly 4% stake in Liontown following the thwarted takeover attempt at $3 a

Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data. Retail sales data for December came in stronger-than-expected, indicating a resilient consumer and putting aggressive rate cuts from the Federal Reserve into doubt. Retail sales were up 0.6 per cent from November, and gained 0.4 per cent month-over-month excluding

The recent COP28 conference held in Dubai, being colloquially referred to as the Nuclear COP, was the first of the regular series of events held by the United Nations where the nuclear industry was welcomed with open arms as a critical factor in achieving Global Net Zero. This resulted in the Triple Nuclear pledge, where

Shares in Evolution Mining (ASX:EVN), a gold and copper miner, tumbled more than 20% yesterday as it released a concerning production report for the December quarter and half-year. Weak production and higher costs were made even more disappointing by falling short of 2022’s figures, despite the acquisition of the Northparkes mine for over $700 million

Chinese Premier Li Qiang had already revealed China’s official GDP growth rate for 2023 – 5.2% – during the Davos talkfest in Switzerland on Tuesday, a day before the country’s National Bureau of Statistics was set to release the official data on Wednesday. During the conference, Premier Li mentioned that the Chinese economy had rebounded

Companies discussed include: Zip Co (ASX:ZIP)Altium (ASX:ALU)WiseTech Global (ASX:WTC)

The Australian sharemarket experienced a decline on Wednesday, mainly due to disappointing economic data from China and revised expectations regarding US interest rates. The S&P/ASX 200 index dropped by 0.3%, or 21.7 points, closing at 7393.1. This decline was influenced by losses in five out of the 11 industry sectors and followed a sell-off in