August 2024

On the face of it, BYD, the world’s biggest EV maker from China, has reported a solid half-year result for the six months to June, with revenue and earnings up sharply from a year ago. However, on a quarter-by-quarter basis, there was a noticeable fall in gross profit margins from the March to the June […]

From the December 2024 half-year, Target will cease to exist as an independent entity in terms of its sales reports within Wesfarmers’ public reporting. Wesfarmers has been gradually merging Kmart and Target since 2020, with the pace accelerating in July of last year through the creation of the Kmart Group, which will consist of both

After-hours trading can often be a volatile time in the US stock market, as companies release their earnings reports and investors react to the results. The most recent session was no exception, with several major companies making significant moves following their earnings announcements. Ulta BeautyShares of Ulta Beauty fell nearly 7% after the beauty retailer

Affirm Holdings (AFRM) shares soared after the buy now, pay later (BNPL) fintech company reported better-than-expected fiscal fourth-quarter results and issued strong guidance after the bell on Wednesday. The company posted a 48% year-over-year revenue increase, reaching $659 million for the quarter. Additionally, Affirm significantly reduced its net loss to $45 million, or 14 cents

The Dow Jones Industrial Average climbed to a record high overnight, as Wall Street attempted to recover from a steep sell-off earlier this month. The 30-stock index gained 243.63 points, or 0.59 per cent, closing at a new record of 41,335.05. Gains in Goldman Sachs, Intel, and Visa helped lift the blue-chip average to this

Trump Media shares continue to track Donald Trump’s downward move in opinion polls – which is making him poorer by the day as they hit a succession of new lows this week. Several weeks ago we noted that the shares had dipped more than 40% from its most recent peak of $US40.58 on July 15

Thursday saw Warren Buffett’s Berkshire Hathaway finally end a trading session with a market value of one trillion dollars. On Wednesday, the stock had risen to that level but eased in late trading, leaving it just under that figure at around $US994 billion. Buffett turns 94 today (Friday). However, on Thursday, the stock rose 1.29%,

Despite continuing high interest rates, the US economy was stronger than previously expected, with the second estimate of June quarter economic growth being upgraded to a robust 3% from 2.8% a month ago. The US Bureau of Economic Analysis upgraded its assessment of US economic growth despite pressure from persistent inflation and high interest rates.

Federal Reserve officials will get a fresh look at their preferred inflation gauge on Friday, a data point that could influence the September rate decision, even as their focus appears to be shifting elsewhere. The Commerce Department will release its personal consumption expenditures (PCE) price index at 8:30 a.m. ET, providing a comprehensive view of

The slides in June 30 profits for both Qantas (ASX:QAN) and Air New Zealand (ASX:AIZ) signal that the two airlines are preparing for an anticipated slowdown in revenue and earnings for 2024-25. Qantas is facing a slowdown in domestic revenues and is budgeting for a drop in its international revenue. The airline also faces $60