August 2024

Australian shares experienced a minor pullback on Wednesday, mirroring a similar trend in overseas markets. Investors carefully analysed a flurry of corporate earnings reports, marking the busiest day of the earnings season so far. At 11:35am, the S&P/ASX 200 is 0.49 per cent lower at 7958.90. Notable movers included Brambles, Charter Hall, Breville, Santos, Domino’s […]

EBOS Group (ASX:EBO), the New Zealand-based healthcare and pet products company, is moving forward with renewed confidence after a successful year. Despite a failed attempt to acquire Greencross in late 2023, EBOS has reported record sales and profits for the year ending June 30. The company’s statutory net profit increased due to strong sales, which

It was always going to be a significant loss for Fletcher Building (ASX:FBU) for the year ending June 30. The departure of the CEO, chair, and other directors and managers is a strong indication that the results will be worse than initially anticipated. Therefore, there will be no dividend for the year ending June 30,

Protective wear group, Ansell (ASX:ANN) saw a dip in sales, a near 50 per cent slump in earnings and its profit dropped by nearly half and shareholders will share in some of the pain, as will more than 1300 staff members who will lose their jobs. The global manufacturer of personal protective equipment reported a

Elon Musk might be crowned the world’s richest person, but according to the Wall Street Journal, he’s earned another, less flattering title: the worst dealmaker in US markets since the Global Financial Crisis. The Rupert Murdoch-owned paper is slamming Musk’s $44 billion takeover of Twitter, now rebranded as X. Since late 2022, the social media

The U.S. dollar hit its lowest point of the year on Tuesday as investors anticipated that the Federal Reserve would soon begin lowering interest rates and the market turbulence from August’s sell-off subsided. The dollar has dropped 2.2% against a basket of major currencies this month, returning to levels not seen since January’s first trading

China’s electricity consumption is on the rise, particularly during summer months when heatwaves drive up air conditioning usage, leading to record-breaking levels of electricity production. A global leader in solar and wind power installations, China’s reliance on coal is also increasing. Last year, coal generated a record 5,760 terawatt hours of electricity. To address this,

The most significant event this autumn might not be the US election, a conflict in the Middle East, or even the World Series. For many Americans, it will be the first reduction in US interest rates in over four years. While the anticipated rate cut by the Federal Reserve in mid-September won’t immediately impact the

The US market’s recent rally hit a snag overnight as stocks retreated, ending a winning streak. The Dow Jones Industrial Average slipped 0.15 per cent to 40,834.97, while the S&P 500 and Nasdaq Composite declined by 0.2 per cent and 0.33 per cent, respectively. This marked the first negative day for the Dow in six

Fast-fashion giant Shein has filed a lawsuit against its rival, Temu, alleging copyright infringement, trademark infringement, and fraud. The suit, filed in Washington, D.C. federal court, comes as Shein itself faces similar allegations from a wide variety of brands and independent artists. In its complaint, Shein accused Temu of stealing its designs and building an