Chinese EV maker Li Auto is reportedly undergoing massive layoffs as sales fall short of budget and the price war intensifies. Chinese media reports say the cuts could be as high as more than 18% of its 31,000 workforce. Li joins Tesla in sacking thousands of staff, including a reported couple of hundred in China. […]
Chinese EV maker Li Auto facing layoffs Read More »
Dotz Nano Limited (ASX:DTZ) Director Glenn Kelly discusses the carbon capture market and the different technologies available. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I have the pleasure of speaking with Glenn Kelly, who is an industry expert in carbon capture technologies. Glenn Kelly has over 35 years of operational,
Why capture carbon? Read More »
Over the past four years, consumers were forced to rapidly change their shopping habits. Where do we stand now? We insights on the trends in e-commerce growth and highlights how Amazon, the largest online retailer, continues to expand, adapt and innovate to market demands. Important Information: Units in the fund(s) referred to herein are issued
Magellan: Consumer shopping habits and the growth of Amazon Read More »
The healthcare sector is in a state of constant evolution, and with the COVID-19 pandemic behind us and an upcoming US election, what impacts could we see in the sector? Investment Analyst, Wilson Nghe sheds light on the dynamics that could play out from the US elections, how the healthcare system has transformed since the
Magellan: Innovations shaping the global healthcare universe Read More »
Copper has emerged as a focal point for both data transmission and the investment strategies of those wary of inflation. Since early February, the red metal has experienced a remarkable surge in price, climbing over 26 percent on the London Metal Exchange and reaching record highs in the US. Despite its status as one of
Copper’s meteoric rise Read More »
Stocks may have had a great opening on Wall Street Thursday, but they didn’t end well. The green (and record for the Dow) ended in the red. However, for the retail giant Walmart, it was a record-setting day as earnings and revenue topped all forecasts, defying gloom about weak consumer demand. The slowdown in retail
Record-setting day for Walmart Read More »
The Dow Jones surged above the 40,000 level for the first time ever in intraday trading before settling below the record level by the close. Optimism about the inflation and rates outlook continued to filter through the broader market. The 30-stock Dow ended the day down by 38 points or 0.1 per cent, closing at
Dow pushes through 40,000 for first time in intraday trading Read More »
Elementos Limited (ASX:ELT) Managing Director Joe David discusses the recommencement of DFS and licensing activities following discussions with the Andalusian government. Paul Sanger: I am Paul Sanger for the Finance News Network, and today we’re talking with Elementos (ASX:ELT). Elementos, trading under the ASX code “ELT” with a market capitalisation of approximately $35 million, is
Approvals and DFS to resume at Elementos’ Oropesa Tin Project Read More »
On Thursday, Australian shares experienced a significant surge, edging tantalizingly close to their all-time high, buoyed by market speculation surrounding potential interest rate cuts by the Reserve Bank of Australia. The S&P/ASX 200 index rallied impressively by 1.7%, marking its most substantial single-day gain of 2024 and landing just 0.2% shy of its record closing
ASX rallies 1.7%: Potential interest rate cuts loom Read More »
Explosives and fertilizer group, Incitec Pivot Limited’s (ASX:IPL) apparently weak financial performance in the March half-year reflected the sale of its US explosives plant in Louisiana in late 2023, as well as the impact of one-off items, including a significant write-down in the value of its soon-to-be-sold fertilizer business. IPL saw a significant downturn in
Incitec reports weak results Read More »
