Buried in the production data from China’s National Bureau of Statistics for May were a couple of data points that tell different stories about the health of China’s huge steel industry, the most important business in that country so far as Australia is concerned. The good news was that iron ore stocks held at China’s […]
Mixed signals from iron ore Read More »
Volkswagen has sprung a major surprise by acquiring a $1 billion stake in the struggling U.S. EV maker Rivian, making the German giant the latest major company to partner with the smaller U.S. rival. VW plans to boost that investment to $5 billion through a joint venture to be set up by the two companies.
Volkswagen surprises market with $1 billion stake in Rivian Read More »
The Tesla Cybertruck EV costs around $100,000 USD and is a sales sluggard, according to data from the US government. It’s another failure for Elon Musk and Tesla, though given his track record, he will likely blame someone else. The sales data emerged after Tesla was ordered to recall all Cybertrucks sold to fix problems
Tesla Cybertruck faces fourth recall amid disappointing sales Read More »
Nvidia snapped a three day sell off and led the broader market higher as investors remain cautious ahead of key inflation data due out later this week. The S&P 500 closed 0.39 per cent higher as the tech heavy Nasdaq rallied to finish up 1.26 per cent as Nvidia and other tech names bounced back.
Nvidia rebound leads broader US market higher Read More »
Australian shares climbed across the board on Tuesday, with the S&P/ASX 200 Index rebounding 1.4%, its biggest one-day gain since mid-May, nearing its record high. Commonwealth Bank reached an all-time high, contributing to the overall positive market sentiment, alongside strong performances from energy stocks like Woodside and Santos due to higher oil prices. The materials
ASX rebounds 1.4%: CBA hits all-time high Read More »
Key points My nine most important lessons from investing over the past 40 years are: there is always a cycle; the crowd gets it wrong at extremes; what you pay for an investment matters a lot; it’s hard to get markets right; investment markets don’t learn; compound interest is like magic when applied to investments;
The 9 most important things I have learned about investing over 40 years Read More »
Billionaire Czech businessman Pavel Tyka’s plan to buy a controlling stake in Australian-US coal miner Coronado Global Resources (ASX:CRN) has collapsed. His family investment group, Sev.en Global Investments, failed to secure approval from the Foreign Investment Review Board (FIRB) for the deal. Sev.en had agreed to purchase 51% of Coronado from Energy and Minerals Group
Pavel Tyka’s bid for Coronado Global Resources falters Read More »
Two weeks after issuing a downgrade, Alkane Resources (ASX:ALK) has followed through on a promise to release a new five-year development plan for its Tomingley gold mine in the central west of NSW, where it is also in the process of unearthing a series of massive copper ore bodies. Earlier this month, Alkane produced a
Alkane Resources unveils ambitious five-year plan Read More »
The cancellation of a pivotal presentation to Engineers Australia due to social media backlash from Climate 200 has spotlighted a critical debate on the future of Australia’s energy landscape. The talk, prepared by nuclear advocate Robert Parker, was set to present a compelling case for nuclear energy as a cost-effective and environmentally sustainable solution, an
Scrapped nuclear energy talk for Australia’s future Read More »
Shares in the fast food chain operator Collins Foods (ASX:CKF) jumped 10% to $10.30 on Tuesday after the company lifted its dividend following a very solid revenue and earnings performance in its 2023-24 financial year. The final dividend was increased by half a cent to 15.5 cents per share, making a total of 28 cents
Collins Foods sees strong 2023-24 performance Read More »
