February 27, 2024

The S&P 500 and the Nasdaq Composite ended Tuesday’s session with modest gains as investors prepared for key inflation data to be released later this week. The S&P 500 inched up 0.17 per cent to 5,078.18. The Nasdaq added 0.37 per cent to end at 16,035.30. The Dow Jones Industrial Average fell 96.82 points, or […]

Amidst a significant uptrend in U.S. stock markets, some investors may question whether it’s becoming too much of a good thing. The S&P 500 has witnessed an extraordinary surge over the past few months, marking a more than 25% increase from its October lows. According to Deutsche Bank Macro Strategist Henry Allen, “The current rally

In 2022, America’s Federal Trade Commission (FTC) blocked the proposed $40 billion merger between Nvidia, the AI chip powerhouse, and ARM, the Japanese-owned UK-based chip infrastructure company. The merger was called off due to “significant regulatory challenges” after the FTC indicated it would oppose it because of fears the combined company could strangle innovation. The

Analysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in share price witnessed yesterday, following a remarkable 70% increase in value over the past year. This surge propelled the company’s valuation well beyond the $A18.4 billion mark, significantly enriching the

On Tuesday, the S&P/ASX 200 Index closed slightly higher by 0.1%, with consumer staples leading the gains due to Coles’ strong earnings report, which saw its shares rise by 5.5%. The tech sector also performed well, propelled by a 7% surge in WiseTech shares, while CSR saw a 5% increase following a takeover bid. Among

It was a form of financial housekeeping, a tidying up, or an outstanding financial report that showed a lot of red ink for Alumina (ASX:AWC), the company about to be swallowed by its major shareholder, Alcoa, in an all-paper deal worth $A3.3 billion. Alumina Limited reported a statutory net loss after tax of $US150 million

Similar to Santos last week, the profit decline reported by Woodside Energy (ASX:WDS) was anticipated after the company detailed its production and sales performance in January’s December and full-year report. Woodside stated that full-year underlying earnings fell 37% to $US3.32 billion, attributed to the impact of the Russian invasion of Ukraine on record earnings of

The country’s second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending December 31. The company stated it would pay shareholders 36 cents a share for the interim period, with profit from continuing operations decreasing by 3.6% to $594 million. Sales from continuing

Investment in electricity transmission infrastructure is an essential prerequisite for facilitating a smooth energy transition. In Australia, the sector faces significant hurdles to enable essential transmission investment in a timely manner. This exacerbates network congestion and impedes the installation of new renewable generation capacity, which undermines progress towards the nation’s overarching net zero objectives. Key

On Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH. Last week, Seven Group Holdings produced a structured mop-up bid for the approximately 30% of Boral it doesn’t own. Suddenly, there are few construction and building material companies left on the ASX (Wagner in Queensland, which