April 23, 2024

In stark contrast to Tesla’s poor performance, rival carmaker General Motors rode the back of its traditional ICE-powered cars (internal combustion engine) to better-than-forecast revenue and profits in the March quarter and gave a strong hint that it expects to start seeing profits from its EV business late this year. GM’s stronger results came despite […]

In the latest session of the ongoing inquiry probing the Star Group’s suitability to hold a casino license, alarming revelations surfaced, painting a bleak picture of the company’s current state under existing management and board. The proceedings shed light on a myriad of challenges, from regulatory hurdles to internal discord, hinting at a turbulent road

There are some overly optimistic investors in the US—why else would they boost the share price of EV pioneer Tesla after the company reported its worst quarterly performance in more than a decade, revealing a more than halving in profitability in the first three months of the year? There’s a big argument in the US

US stocks surged higher as a raft of corporate earnings results came in ahead of expectations. The Dow Jones closed 0.69 per cent higher, the S&P 500 gained 1.2 per cent and the Nasdaq surged 1.59 per cent. In company news, Spotify rallied 11.4 per cent after it delivered better than expected earnings and upgraded

On Tuesday, shares surged, driven by a tech-fueled rally on Wall Street, with investors eyeing US corporate earnings and Australian inflation data for hints on the Reserve Bank’s future interest rate decisions. The S&P/ASX 200 Index rose 0.5%, extending the previous day’s gain, while the All Ordinaries also climbed 0.5%. Despite mixed performances across sectors,

Sometimes, some investors are not bright, and others do not really read what companies put out to the ASX. Take Northern Star Resources (ASX:NST), which yesterday issued its March quarterly report, and the shares sold off because it supposedly ‘missed’ forecasts. The company revealed that it sold just over 401,000 ounces in the three months

Brambles (ASX:BXB) shares fell around 7% in an immediate negative reaction to its third-quarter sales update, despite the company showing that it is on track to meet growth guidance for the year to June. Brambles reported 9% growth in sales revenue from continuing operations of $US4,872.3 million for the first nine months of 2023-24 (7%

Paul Sanger: I’m Paul Sanger for the Finance News Network and today I am talking to Far Northern Resources. Far Northern Resources, trading under the ASX code FNR, with a market capitalization of around 6 million is an advanced Brisbane-based gold exploration and base metals company. They have three exciting projects across Northern Queensland and

Global leader in 3D-printed biomimetic and bioresorbable implants, Osteopore (ASX:OSX) announced the successful commencement of first-in-human clinical trials for knee preservation in Singapore. The studies seek to recruit ~12 patients to establish a safety profile for aXOpore®. Shares are trading 193.94 per cent higher at 48.5 cents. Augustus Minerals (ASX:AUG) has returned high grade copper

On Tuesday, shares opened higher, reflecting a rally on Wall Street amidst subdued geopolitical tensions, with investors focusing on upcoming US corporate earnings such as Tesla and GE.  At 11:45am, the S&P/ASX 200 is 0.48 per cent higher at 7,683.40. The SPI futures are pointing to a rise of 36 points. Best and worst performers