July 2024

In a surprise announcement, Bendigo and Adelaide Bank (ASX:BEN) has announced that CEO Marnie Baker is stepping down after 35 years with the bank, the last six as CEO. She will be replaced by the bank’s current Chief Customer Officer, Richard Fennell, at the end of August. Fennell has served as the bank’s Chief Customer […]

Key points2023-24 provided another year of strong returns for investors as shares were boosted by falling inflation, central banks pivoting towards rate cuts (although is RBA is lagging) and economic conditions were better than feared.More central banks moving to cut rates, including the RBA early next year, should provide support for investment returns.However, balanced growth

BYD, the world’s biggest maker of electrified vehicles, has revealed record sales for June and the second quarter. However, this growth occurred at a slowing pace, suggesting that China’s electrified vehicle market is losing momentum. Simultaneously, the company reported another surge in sales of plug-in hybrid vehicles (P-HEVs), which grew faster than BEVs both in

Troubled lithium wannabe Liontown Resources (ASX:LTR) had trading in its shares halted Tuesday as rumours spread that it’s facing further funding pressures for its almost finished Kathleen Valley Lithium Project in Western Australia. “The trading halt is requested pending an announcement by the Company in connection with funding arrangements. Liontown considers that the trading halt

TMK Energy (ASX:TMK) announced that it has made several Board and Management changes to align individuals’ competencies and experience with the immediate and future direction of the Company. The changes will strengthen the Company’s focus on the delivery of its Gurvantes XXXV Project in Mongolia. Shares are trading 16.67 per cent higher at 0.35 cents.

The ASX 200 is slightly down by 0.1% near midday, with losses in major banks like National Australia Bank and Commonwealth Bank offsetting gains in energy stocks due to stable oil prices amid concerns over Hurricane Beryl. The broader market remains subdued, contrasting with gains in New York and a rebound in French stocks following

Shares in Anglo American ended down 2.4% in London after news broke that it had suspended production at the Grosvenor premium coking coal mine in central Queensland due to a fire that began Saturday morning and is still ongoing. At the same time, world coking coal prices leapt 5% in late trading in Singapore, the

US corporate profits are set to achieve their fastest growth rate in nearly three years, providing a substantial lift to the stock market as it approaches record levels in the latter half of the year. Analysts project a robust 9% increase in earnings for the June quarter compared to the same period last year, marking

US shares rose on Monday led by the Tech sector which pushed the Nasdaq to a new record ahead of this weeks 4th July holiday. The tech-heavy Nasdaq finished 0.83 per cent higher to finish at a record 17,879.30. The S&P 500 closed 0.27 per cent higher and the Dow Jones finished 0.13 per cent

Higher-than-expected inflation will take at least 12 months to approach the Reserve Bank of Australia’s (RBA) target, raising doubts about Treasurer Jim Chalmers’ optimistic forecast and complicating prospects for interest rate relief before the next federal election. A quarterly survey by The Australian Financial Review, polling 38 economists, reveals that the median expectation for underlying