January wasn’t the happiest of months for Tesla or Elon Musk. The shares fell more than 24% for all sorts of reasons: the antics of the CEO, weak sales, warnings of weaker sales growth in 2024, and at the end of the month, the court decision in Delaware invalidated the company’s board decision from 2017 […]
Tesla and Elon Musk face tough January Read More »
AGL Energy (ASX:AGL) reported a sharp improvement in interim earnings on Thursday and a significant jump in its full-year guidance range. The company stated that it was now expecting a substantial increase in full-year underlying profit to a range of $680 million to $780 million for fiscal 2024, compared with its prior range of $580
AGL Energy reports strong interim earnings and raises full-year guidance Read More »
The S&P 500 rose Wednesday and edged closer to the 5,000 level, notching a closing high as investors parsed through another slate of quarterly results that signalled a flourishing economy. The broad-based index, which first breached the 4,000 level in April 2021, added 0.82 per cent to finish at 4,995.06. At session highs, the S&P
S&P 500 hits intraday record amid strong earnings surge Read More »
The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday, as Woodside announced that its much-discussed $A70 billion hookup with Santos was no longer happening. In fact, the Woodside statement made it clear that the Santos link-up was not ideal. Woodside emphasized in its concise statement that it saw
Woodside abandons $70 billion Santos merger Read More »
For thousands of Amcor (ASX:AMC) employees, the company’s exposure to world economic activity took a harsh turn in the six months leading to December, as confirmed by Wednesday’s quarterly and interim results. The company disclosed that it had axed 2,000 jobs and is progressing towards closing up to 10 plants globally in a cost-cutting effort
Amcor announces job cuts and plant closures Read More »
On Wednesday, Australian shares rebounded, with the S&P/ASX 200 closing 0.5% higher at 7615 and the All Ordinaries also rising by the same percentage. The Australian dollar strengthened to 65.3¢, building on gains from the Reserve Bank of Australia’s decision to maintain rates at its first meeting of the year. The regional market rally was
ASX closes 0.5% higher: Dollar strengthens and lithium miners rally Read More »
Companies discussed include: Megaport (ASX:MP1)Pinnacle Investment Management Group (ASX:PNI)Origin Energy (ASX:ORG)GQG Partners (ASX:GQG)
Job losses, Megaport, Pinnacle, Origin, GQG Read More »
The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else. Santos shares closed down 5.8% (after being off more than 8% at one stage). They had risen 0.9% before the news to $7.94. Woodside shares were up nearly half a percent, despite rising 2% after the 11:45
Relief as Woodside-Santos merger falls through Read More »
To register for Friday’s webinar click here. Sunshine Metals (ASX:SHN) has increased the Resource at its 100% owned Liontown deposit, part of the Ravenswood Consolidated Project by 21%. The Resource contains a 10% increase in contained gold and 60% increase in contained copper, further supporting Sunshine’s recent Au-Cu focus. Shares are trading 30 per cent
Stocks of the Hour: Sunshine Metals, Noble Helium, Grand Gulf Energy Read More »
Australian shares, particularly miners, are rebounding today, with the S&P/ASX 200 is 0.63 per cent higher at 7,629.60, retracing losses from the past two days. Notable gains are seen in Fortescue, BHP, and Rio Tinto, alongside gold miners, while lithium miners like Core Lithium and Pilbara Minerals also show strong performance, with Cettire standing out
ASX up 0.6%: Lithium stocks rallying Read More »
