May 2024

Tesla might be the world’s most valuable carmaker by market value, but Japan’s Toyota Motor has confirmed its giant status when it comes to sales, revenues, and earnings, completely outclassing Elon Musk’s tattered company. Wednesday saw Toyota reveal a record net profit for the year ending March 31 of 4.9 trillion yen ($US31.8 billion), double […]

Markets were taught a lesson in the turn-of-the-century’s dot-com bubble. Over excitement and massive investment in companies that hardly really existed, let alone made worthwhile returns, resulted in a traumatic correction. But is it happening again? With the high-profile technology companies — widely known as the ‘Magnificent Seven’ —providing huge returns in 2023, some observers

On Wednesday, gains in the tech and property sectors were counterbalanced by declines in the mining sector, following a 1.4 per cent increase in shares on Tuesday, prompted by the Reserve Bank’s decision to maintain interest rates and indicate data-dependent rate adjustments. Perpetual (ASX:PPT), headquartered in Sydney, witnessed the sharpest drop on the benchmark index,

Companies discussed include: National Australia Bank (ASX:NAB)Westpac Banking Corporation (ASX:WBC)Lyft

Tesla’s sales problems in China are not going away, and it continues to lose ground against its big Chinese rival, BYD, which is now outselling Elon Musk’s company in the core product: pure battery-powered vehicles. After a weak start to 2024, Tesla saw a strong rebound in March, only to see a slide in April,

Perpetual (ASX:PPT) has confirmed the breakup deal it has struck with the US private equity giant, KKR. In a statement to the ASX on Wednesday morning, Perpetual said it had agreed to a deal with KKR & Co. for the sale of its wealth management and corporate trust units for A$2.175 billion (US$1.43 billion). The

Even China can’t stomach spending too much money buying gold at record levels – something the players in the gold market forgot when they reported this week that the country’s central bank made another purchase in April. Rather than a significant buy, the reported purchase of just 60,000 ounces was the lowest in at least

Larvotto Resources (ASX:LRV) has announced high grade gold results at Hillgrove. The result of 31m at 65.8 g/t of gold has clearly demonstrated that the mineralisation does extend to depth while maintaining excellent grades. Shares are trading 25 per cent higher at 9 cents. Iceni Gold (ASX:ICL) has announced a spectacular vein gold discovery expands

Australian shares continued their upward trend, gaining 0.3% at the opening following the Reserve Bank’s decision to maintain interest rates and emphasise data dependency for future adjustments. Additionally, Perpetual announced the sale of its trustee and advice business to KKR for $2.175 billion, with plans to spin off its $227 billion asset management business pending

Good times continue for Goodman Group (ASX:GMG), the listed commercial and industrial property group, with a second earnings upgrade in a few months for the year ending June 30. The company told a Sydney investment conference on Wednesday that it is now forecasting a 13% rise in operating earnings per share for the 2023-24 financial