February 20, 2024

US stocks fell Tuesday led by Nvidia and a broader tech decline ahead of the chipmaker’s earnings report. The Dow Jones Industrial Average dipped 64.19 points, or 0.17 per cent, settling at 38,563.80. The S&P 500 slipped 0.60 per cent to end at 4,975.51. The tech-heavy Nasdaq Composite lost 0.92 per cent to close at […]

The iron ore price surge of late 2023 was the gift that continues giving to Australian miners, as we saw with BHP’s (ASX:BHP) huge $US9 billion plus have year profit and what Rio Tinto (ASX:RIO) will report shorty for its full year but it has also blessed the profit and loss account of tiddler, Mount

In the aftermath of a volatile macroeconomic year, this article delves into the global real estate outlook for 2024, highlighting some interesting themes across senior housing, retail, industrial, Japan and data centres. The macroeconomic landscape is mixed 2023 wrong-footed many macro-economic calls. Pundits overly devoted to the ‘inverted yield curve’ had predicted a US recession

Australian shares declined, tracking losses in Asian markets despite a larger-than-anticipated interest rate cut in China, driven by BHP’s lowest half-year profit in eight years. The S&P/ASX 200 retreated by 0.08%, reversing from its recent peak, with notable declines in mining and energy sectors, while upbeat performances from investment managers contrasted with setbacks in companies

La Niña and its heavy rainfall transitioned to a brief El Niño in the latter half of 2023. However, since December, storms, cyclones, and heavy showers across much of the east and north of the country suggest a potential return to La Niña. This news is unwelcome for KMD (ASX:KMD), evidenced by shares in the

Seemingly out of the blue, a major US financial merger deal emerges, untouched by crisis or regulatory bailout. Capital One, one of America’s largest banks and a prominent credit card issuer, aims to acquire another credit card giant, Discover, for $35.3 billion (over $53 billion AUD). The bid, an all-share offer, reveals Capital One’s reluctance

China’s central bank has blinked and will cut the key official interest rate, which influences mortgage costs, in an attempt to provide assistance to the millions of mortgage holders trapped in the black hole known as the country’s property sector. In a statement on its website Tuesday lunchtime, the People’s Bank of China announced a

Coronado Coal has joined the ranks of Whitehaven, Yancoal, and New Hope in feeling the pain from the slump in global coal prices. The company, which operates mines in Queensland and in the US states of Virginia and West Virginia, said Tuesday that revenue slid 19.1% to $US2.9 billion in the 12 months to December.

ANZ (ASX:ANZ) has been allowed to purchase Suncorp’s predominantly Queensland-based bank for $4.9 billion after the Australian Competition Tribunal overturned the ACCC’s block on the deal due to competition concerns. The decision, handed down on Tuesday morning by the Australian Competition Tribunal, marked a significant defeat for the ACCC and is expected to prompt a

PARKD LTD (ASX:PKD) has been instructed to proceed with Stage 2 of the design and construction contract with John Hughes Automotive Group, for construction of a multi-level car storage facility to support its VW service centre in Victoria Park, Perth. The $4.3 million project will commence on the 20th February and estimated to be completed