Shares in BHP (ASX:BHP) will come under pressure on the ASX on Friday after it confirmed it had made an unsolicited all-paper takeover offer for Anglo American, with a value of around $60 billion. BHP shares closed at $45.23 (down 10% year-to-date) on Wednesday before Anzac Day, for a market value of $A229 billion. Shares […]
BHP makes $60 billion bid for Anglo American Read More »
The Mag Seven megatech story took a hit as a weak revenue forecast from Meta Platforms caused shares to plunge 16% in after-hours trading on Wednesday, dragging other shares down with them. Shares closed down more than 10% in regular trading on Thursday, further impacting the rest of the market, although weak US GDP data
Weak revenue forecast from Meta causes stock plunge Read More »
In the wake of the weaker-than-expected first estimate of US economic growth, it seems US interest rates aren’t going lower for a while longer—perhaps past November’s elections—unless there is a sudden slump in activity between now and then. US GDP rose at an annual 1.6%, slower than the forecasted 2.5% estimate and less than half
US economic growth disappoints Read More »
Alphabet (Google) has transitioned into the sphere of mundane industrials, aligning itself with the likes of Apple and Meta by initiating dividend payments. This significant move follows the company’s revelation in its March quarterly report, showcasing a notable 15% surge in revenue to $US80.5 billion, coupled with an increase in earnings across its primary business
Alphabet’s dividend debut and soaring revenue Read More »
US stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected. The Dow Jones fell 0.98 per cent. The S&P 500 closed down 0.46 per cent and the Nasdaq finished 0.64 per cent lower. Markets were
Mixed economic signals weigh on US markets Read More »
In the future, when you wake up your hot coffee will be ready, the fridge will have ordered your groceries and a drone will already have delivered them to you that morning. A digital assistant will inform you that it’s a little chilly outside and summon your autonomous vehicle to take you to the office.
Business Quality Matters Read More »
Share markets have had a great start to the year. It has been so good that many investors can’t help but wonder if it is time to take some profits off the table. Will the old adage of “sell in May and go away” ring true this year? The major indices have given back about
Time to sell in May and go away? Read More »
