May 6, 2024

ANZ Group Holdings (ASX:ANZ) has topped the roll call of the big four banks, reporting weak earnings but higher dividends and buybacks. The bank revealed on Tuesday in its half-year results that it plans to buy back up to $2 billion of shares on-market as part of its capital management program. Additionally, the interim dividend […]

How desperate is Tesla’s Elon Musk? Quite a lot, judging by his almost plea-like call for Warren Buffett to buy Tesla shares after Berkshire Hathaway’s annual meeting on Saturday. Musk actually wants Buffett to sell out of Apple completely and buy Tesla. He was reacting to the news that Berkshire has quietly sold around $US20

A solid earnings season and rising confidence in the Fed’s rates policy saw markets continue their advance to start the week well into positive territory.  An announcement from Hamas that it accepted an Egyptian-Qatari cease-fire proposal to end the war with Israel also gave stocks a boost in early afternoon trading. The Dow Jones rose

The Australian sharemarket saw a 0.7% increase in the benchmark S&P/ASX 200 Index on Monday, primarily driven by gains in interest rate sensitive sectors such as real estate and information technology ahead of the Reserve Bank’s expected decision to maintain the cash rate. The All Ordinaries also rose by 0.7%, with notable performances from real

How to disguise a lack of earnings growth: announce a big contract win and how that will boost the next financial year’s earnings and not the one that ends on June 30, 2024. It’s a bit of a pea and thimble trick, but that’s what we got from Southern Cross Electrical Engineering (ASX:SXE) on Monday.

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses seasonal patterns in shares. Key points:Seasonal patterns in shares gave rise to the saying “sell in May and go away, buy again on St Leger’s Day.”However, seasonal patterns can’t always be relied on so while investors should be aware of them, betting

GrainCorp (ASX:GNC), the major east coast grain handler and shipper, has confirmed that it is facing a dramatic drop in first-half earnings for the six months to March 31. GNC informed the ASX on Monday that it expected to report an underlying EBITDA of $164 million when it reports its interim results on May 16

Qantas (ASX:QAN) has settled its so-called ghost flights legal case with the competition regulator, the ACCC, at a cost of around $120 million. The Commission and Qantas announced the terms of the settlement in statements on Monday morning. In the settlement, Qantas admitted that it misled consumers by advertising tickets for tens of thousands of

TechGen Metals (ASX:TG1) has announced that they are introducing their new Copper-Nickel-Uranium Projects. The new projects focus on copper, which was traditionally an industrial metal, but is now essential to the green battery tech industry. Shares are trading 25 per cent higher at 3.5 cents. Southern Cross Electrical Engineering (ASX:SXE) has announced that its subsidiary

The Australian sharemarket surged at opening due to a weaker-than-expected US jobs report, suggesting potential interest rate cuts in the US. The S&P/ASX 200 Index climbed by 0.5%, with the real estate sector leading gains, but trading is anticipated to be subdued pending the Reserve Bank’s interest rate decision tomorrow. Following the US Labor Department’s