February 11, 2024

The froth continues to vanish for former boom stock, NZ-based Synlait Milk (ASX:SM1), judging by a surprise slashing of guidance issued Monday morning. In doing so, it confirmed why its shares are down 75% in the past year, with the news that it now expects a loss instead of a small profit for the six […]

Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on. The S&P 500 rose 0.57 per cent to end at 5,026.61, while the Nasdaq Composite rallied 1.25 per cent to close at

CAR Group (ASX:CAR) has lifted its interim dividend by 21% to a 50% franked 34.5 cents a share after reporting a solid outcome of its expansion into the US and Brazil car sales markets. The company revealed in its interim report that it enjoyed double-digit revenue and earnings growth in all key markets. CAR Group

Initially breaching the elusive 5,000 mark in April 2021 during the throes of the pandemic, the index continued its upward trajectory despite challenges such as the conflict in Ukraine, escalating tensions in the Middle East, and surging energy prices. Throughout this period, the Federal Reserve transitioned from its accommodative monetary policy stance, with interest rates

In a historic turn of events, Microsoft has officially dethroned Apple to claim the title of the most valuable company ever. Founded decades ago by Bill Gates and others, and listed in 1986, Microsoft’s journey reached a pinnacle last week with a staggering market capitalization of $US3.125 trillion, marking the highest value ever recorded for

As the world prepares for a dynamic week of economic indicators and cultural events, eyes are particularly focused on the United States where inflation data is set to be unveiled. The January Consumer Price Index (CPI), both headline and core, along with the Producer Price Index (PPI), are anticipated to dominate discussions, offering insights into

Last week witnessed a notable surge in the prices of oil, iron ore, and coal, driven by various global factors. However, gold and copper faced significant setbacks, particularly due to the lack of positive news emanating from China, a key player in the global commodities market. In the oil sector, US West Texas Intermediate (WTI)

The Australian December half-year reporting season has begun with a flurry of activity, showcasing a mix of positive surprises and anticipated challenges for investors. Nearly 50 ASX 200 companies are set to report, with major players such as the Commonwealth Bank and JB Hi-Fi leading the charge. Among the notable highlights so far, medium-sized furniture