January 24, 2024

Tesla’s price cuts in China, the US, and Europe resulted in a 35% earnings slump in 2023, reducing profits to $8.89 billion, and impacting the company’s operating margins. Despite this, total revenue for the year increased by 19% to over $96 billion, with auto revenues rising by 15% to more than $82 billion. Additionally, Tesla […]

The results of a new round of drilling have prompted Westgold to seriously consider expanding its Bluebird gold mine in the Meekatharra region of WA’s northern goldfields. The Bluebird operation currently produces approximately half a million tonnes of ore annually, with an average gold grade ranging from 4 to 5 grams per tonne. Westgold believes

The biggest shareholder in Australian Agricultural Co, 86-year-old Joe Lewis, who holds a 52% stake in Aust Ag through his company, Tavistock Group, has been convicted of insider trading by a US court. Lewis, who also revealed the purchase of another 6 million shares in the beef producer midway through 2023, pleaded guilty in a

No interest rate relief this week or last from the People’s Bank of China, but the country’s central bank rolled out a second-best move: a cut in the reserve ratio for the country’s banks from early next month. The half-percent cut will see around $US139 billion released into the financial system for the banks to

The S&P 500 rose Wednesday as a number of big tech stocks rallied, pushing the broader market to new heights. The benchmark S&P 500 eked out a gain of 0.08 per cent to 4,868.55, clinching a new all-time closing record. The Nasdaq Composite rose 0.36 per cent to 15,481.92, helped by the tech rally. It

Pilbara Minerals (ASX:PLS) has warned investors not to expect an interim dividend as it grapples with the slide in lithium prices that has seen the value of its spodumene production slashed by up to 80%. The company paid its first dividend a year ago, 11 cents a share, and followed it up with a final

Fund Manager Chris Pedersen discusses the ‘Magnificant Seven’ tech giants, and dives deeper into three companies: Lynas Rare Earths (ASX:LYC)NextDC (ASX:NXT)IDP Education (ASX:IEL). 

Australian shares experienced a subdued session, with the S&P/ASX 200 index edging up 0.1 percent, driven by a rally in the mining and utilities sectors, while health sector stocks, notably Nanosonics, saw significant declines. Additionally, news of a potential $3.5 billion merger between BWP Trust and Newmark Property REIT had mixed effects on their respective

*This transcript is AI generated* Paul Sanger: We are talking today with Mr. Winston Summut, an investment manager Euree Asset Management. Winston has over 40 years investment experience, including 20 years in the listed property industry. Winston was previously the head of listed securities with the ASX Listed Property Fund Manager Charter Hall Group. Winston, welcome

Bunnings landlord, BWP (ASX:BWP), is set to acquire its smaller rival, Newmark Property (ASX:NPR), in a $247 million deal, exceeding Newmark’s Tuesday valuation by over 40%. Newmark Property counts Bunnings, Officeworks, and Kmart among its tenants, all Wesfarmers chains, and had a market value just above $175 million on Tuesday’s close. Both entities announced an