Continuous-contract gold futures rose by 1.3 per cent on Wednesday, reaching as high as US$2,312.50 per troy ounce, setting a new all-time high. This is its seventh consecutive day of gains. Over the past five days, gold has climbed by 4.3 per cent, defying declines in both stock and bond markets, where indices like the […]
Gold continues to defy gravity Read More »
How to waste tens of millions of dollars – have a proxy fight over board representation from an aggressive activist shareholder called Nelson Pelz (who is ‘only’ worth around $US1.7 billion) and the veteran Disney chair and CEO, Bob Iger, who is in his second time at the top of the company Hollywood calls ‘The
Disney prepares for proxy battle with activist shareholder Read More »
Another big session for gold with US futures smashing through the $US2,300 level, spot prices surging and all this happening despite another rise in US bond yields. Federal Reserve Chair Jerome Powell added his bit by playing a familiar tune – that the US central bank will wait for clearer signs of lower inflation before
Gold smashes through US$2300 level to set new highs Read More »
Control of Paramount Global, the current owner of the Ten TV Network in Australia, is looking at changing after the company’s shares leapt 15% late in Wednesday’s Wall Street trading session. While they came off 2.2% in after hours trading, the market story is that US media investment house, Skydance’s founder, David Ellison is talking
Change of control at Paramount a strong possibility Read More »
US markets traded in positive territory for most of the day encouraged by comments from Fed Chair Jerome Powell that suggested that recent negative data does not materially change the overall picture from his perspective, and the Fed’s guidance on rates remains unchanged at this stage. The S&P 500 closed near flat up 0.11 per
Fed Chair commentary calms rate fears Read More »
Coming to an X tweet close to you — the great Tesla EV fire sale with price cuts that change by the hour (or even by the minute, perhaps)? Anything to clear what is an embarrassing parking lot or two of unsold/undelivered vehicles because of an absence of buyers. The great Tesla clean-out sale with
The great Tesla EV fire sale? Read More »
American analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with 18 of them missing — and by a mile — the actual outcome. It was a huge miss as Tesla shocked investors and analysts alike with its March delivery quarter update. Elon Musk’s electric-vehicle said it delivered about 386,810
Missed guidance for Tesla’s EV deliveries Read More »
Companies discussed include: Treasury Wine Estates Limited (ASX:TWE)Premier Investments (ASX:PMV)
Analysis of Treasury Wine Estates and Premier Investments Read More »
The ASX continued its slide in afternoon trading, led lower by the interest rate sensitive sectors Property and Tech. Property closed down 3.3 per cent and Tech closed down 3.95 per cent as names like Xero (ASX:XRO) and Wisetech (ASX:WTC) tumbled as much as 5.69 per cent. Energy was among the best performers, hovering around
ASX continues slide in afternoon trading Read More »
So much for all the doom and gloom merchants going on about how the banks and other financial groups would be hurt by the rate rises from the Reserve Bank in its fight to control inflation — with a rise in bad debts, especially for home loans, more impaired loans and other problems. Wednesday afternoon
S&P rejects doom mongering Read More »
