August 26, 2024

Nvidia is set to report on Wednesday that its quarterly sales have more than doubled, even as year-over-year growth begins to decelerate. This makes it one of the most closely watched earnings reports on Wall Street. Analysts anticipate the U.S. chipmaker will announce $28.7 billion in revenue for the quarter, reflecting a 100% increase compared […]

Mining executives are urging caution as forecasts suggest the industry may be on the brink of a mergers and acquisitions (M&A) boom. They warn against repeating the costly mistakes of the past, such as the disastrous acquisition made by Rio Tinto’s (ASX:RIO) former CEO, Tom Albanese. Albanese was ousted in 2013 following Rio’s $38 billion

ExxonMobil has projected that global oil demand will remain above 100 million barrels per day by 2050, suggesting the global energy transition will not sufficiently reduce reliance on fossil fuels. The U.S. oil giant predicts this demand could lead to a new global oil shock, with crude prices potentially quadrupling in value as supply dwindles,

Seemingly unnoticed by the bears, particularly in Australia, iron ore prices surged on Monday, regaining the $US100 per tonne level on the SGX trading platform in Singapore. 62% Fe fines ended the day at $US100.25 per tonne, a 5.3% increase from Friday’s close of $US96.11. This return above the $US100 per tonne mark ended an

The Dow Jones Industrial Average notched a new all-time high overnight as investors sought to shake off a recent market slump. The 30-stock index finished the session up 65.44 points, or 0.16 per cent, to close at 41,240.52. Earlier in the day, it touched a new intraday record, but pulled back from that peak. Meanwhile,

Unlike many of its peers in the lithium space, who have struggled to remain in business and faced significant write-downs, impairments, losses, and suspended expansion plans, Pilbara Minerals (ASX:PLS) has managed to survive—though not without considerable financial pain. However, this pain was anticipated; the 90% hit to earnings was well-forecasted after the company’s 2023-24 production

Shares in grog retailer Endeavour Group (ASX:EDV) lost more than 7% at one stage yesterday, despite reporting record sales of $12.3 billion for the year to 30 June. The owner of the Dan Murphy’s and BWS chains, as well as a fleet of pubs and pokies, saw a 3.6% rise in annual revenue turn into

A different profit story for Ramelius (ASX:RMS) compared to Gold Road Resources (ASX:GOR), but only due to the way the company’s 50% owned Gruyere mine was significantly impacted by the wet weather across the WA goldfields during the first four months of this year. Revenue for the six months ending June 30 totaled $211.7 million,

Ramelius Resources (ASX:RMS) as confirmed that the 2023-24 financial year was a ‘golden year’ for the miner, with expectations of another strong year ahead, as it revealed record revenues and earnings for the 12 months to June. The company had already explained the impact of record gold prices on its performance in its 2023-24 production

Shell fuel refiner and retailer Viva Energy (ASX:VEA) has reported a rise in half-year profit, driven by strong earnings from its refining business. This gain offset a slowdown in fuel sales volumes and a significantly higher interest and finance bill resulting from the takeover of a major Adelaide-based convenience and fuel retailer. Viva owns the