June 2024

Companies discussed include: Perpetual Limited (ASX:PPT)Computershare Limited (ASX:CPU)

For the second time this month, Warren Buffett’s Berkshire Hathaway has cut its holding in Chinese EV and battery giant BYD. In a filing with the Hong Kong Stock Exchange, Berkshire revealed Tuesday that it had sold down its stake to less than 6% on June 19. Berkshire cut its stake from 6.18% to 5.99%

Star Entertainment (ASX:SGR), the struggling Sydney-based casino group, seems to have a more positive future with the confirmation of a much-tipped CEO, Steve McCann. McCann, a former CEO of Crown Resorts and Lendlease, has considerable experience dealing with companies in difficult situations. His appointment was announced Wednesday morning by recently named chair Anne Ward, who,

Actinogen Medical (ASX:ACW) announced positive results from the Xanamem® phase 2a biomarker trial in patients with elevated blood pTau. In response, Dr Dana Hilt, the Company’s Chief Medical Officer said, “to our knowledge Xanamem is the first drug of this class to have such compelling data.” Shares are trading 12.9 per cent higher at 3.5

Australian shares declined, mirroring losses seen in European and American markets, as investors awaited the release of Australia’s monthly CPI data. The upcoming inflation figures, anticipated to increase from 3.6 per cent to 3.8 per cent annually, are crucial amid global economic uncertainties. At 11:35am, the S&P/ASX 200 is 1.05 per cent lower at 7,756.60.

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

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.

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

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.

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