The S&P 500 surged to new highs on Thursday after chip giant Nvidia reported much stronger-than-expected quarterly results, lifting the broader market and tech sector. The S&P 500 gained 2.11 per cent to close at 5,087.03, notching its best day since January 2023. The Nasdaq Composite advanced 2.96 per cent for its best day since […]
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Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole discusses the group’s first half FY24 financial results. Topics covered include:Financial highlightsContinuous capital managementOperational highlightsThe pathway to FY24 normalised EBITDAMany business units, one companyDivisional breakdown – Licensee ServicesDivisional breakdown – Professional ServicesDivisional breakdown – Equity MarketsDivisional breakdown – Direct InvestmentEarnings guidanceKey pillars of improved
Sequoia Financial Group (ASX:SEQ) first half FY24 financial results Read More »
Fortescue Group (ASX:FMG) has joined the December half-year iron ore bonanza, which Rio Tinto, BHP, Mount Gibson, and Mineral Resources have already shared in. The world’s fourth iron ore exporter (after Rio, BHP, and Vale of Brazil, which reports tonight) revealed net profit rose 41% to $US3.3 billion ($5 billion) for the six months ended
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As expected, the double-play squeeze on nickel and lithium in the December half took a toll on IGO’s (ASX:IGO) interim result. The operator of Australia’s oldest lithium mine, Greenbushes, in southwestern WA, saw a 53% fall in net profit to $288.3 million for the six months to December 31. That was before the company took
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Despite a 71% slump in its cash margin in the six months to December, Pilbara Minerals (ASX:PLS) maintained a hold on its cash reserves, which ended the half at just over $2.144 billion, down just 4% from a year earlier when $2.22 billion was on hand. The cash pile, built in 2022-23, has enabled the
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To register for Friday’s webinar click here. 88 Energy (ASX:88E, AIM:88E, OTC:EEENF) announced the successful WI Transfer by Monitor Exploration Limited to 88 Energy in relation to Petroleum Exploration Licence 93, located in the Owambo Basin, Republic of Namibia following receipt of the approval of the Ministry of Mines and Energy. The stage 1 consideration
Stocks of the Hour: 88 Energy, Auric Mining, LBT Innovations Read More »
Nvidia’s shares surged by 8.7% after hours on Wall Street as the company exceeded sell-side analysts’ expectations, with its AI sector performance bolstering investor confidence. Meanwhile, the recent release of US Federal Reserve meeting minutes reaffirmed policymakers’ caution towards interest rate reductions. At 11:30am, the S&P/ASX 200 is 0.18 per cent lower at 7,594.50. Best
ASX down 0.18%: Nvidia exceeds Wall Street expectations Read More »
