July 24, 2024

Airlines are preparing for the end of the “revenge travel” surge by cutting ticket prices to fill surplus seat capacity as the two-year post-pandemic travel boom transitions to a more uncertain outlook. Carriers such as Ryanair and Emirates reported record profits last year, driven by strong passenger demand and high ticket prices, which helped offset […]

Ford shares fell 12% at one stage in after-hours trading after it surprised the markets with a less-than-encouraging June quarter report. The report contained news that its EV division lost $US1.14 billion in the quarter and that warranty costs soared again. The shares later edged higher but were still down more than 11% at 7:50

Elon Musk’s ‘other world’ approach to corporate reporting caught up with him and Tesla on Wednesday, with the shares shedding 12% of their value and helping drag Wall Street stocks lower. Other factors also contributed to Wall Street’s slide in another multi-year slump. For instance, Alphabet’s $5 billion casually invested in the loss-making Waymo self-driving

Earnings results from Tesla & Alphabet after the market close on Tuesday US time triggered a selloff in both stocks in the session which dragged other mega tech names down in sympathy. The broader S&P 500 shed 2.31 per cent on the day, while the tech-heavy Nasdaq gave up 3.64 per cent, their worst session

The Australian sharemarket fell on Wednesday, with the S&P/ASX 200 Index dropping 0.1% due to declines in energy and property stocks. Despite a rebound in crude oil prices, major energy companies like Woodside Energy, Ampol, and Viva Energy saw losses, contributing to the market’s dip. Futures The Dow Jones futures are pointing to a fall

A day after revealing it had secured a significant portion of the funding needed for its Nolans rare earth mine in the Northern Territory, Arafura (ASX:ARU) shares went into a trading halt as the company began a stock market-based raising. Arafura Rare Earths asked the ASX on Wednesday to halt trading in its shares until

Germany’s largest lender, Deutsche Bank, reported a loss for the first time in 15 quarters on Wednesday, as it set aside funds for an ongoing lawsuit related to its Postbank division. The bank reported a net loss of 143 million euros ($155.1 million) attributable to shareholders, slightly better than the 145 million euros loss anticipated

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses populism. Key pointsThe continuing rise of populism globally – as evident in recent European elections and in the US with Trump and the Republican party – is signalling an ongoing shift away from economic rationalist policies in favour of greater government involvement

There was a very telling contrast in the quarterly reports from General Motors, Tesla, and Alphabet (Google) on Tuesday. Tesla CEO Elon Musk started one of his X polls (Twitter), asking his fans whether Tesla should spend $5 billion on AI. Meanwhile, Alphabet revealed it had invested another $5 billion into its self-driving car unit,

Companies discussed include: — Woodside Energy Limited (ASX:WDS)— SG Fleet Group Limited (ASX:SGF)