August 2024

This week on The Last Word, Winston Sammut and Chris Gosling delve into the tumultuous market conditions triggered by interest rate uncertainty and the fallout from the US Federal Reserve’s decision. They also discuss the ongoing battle between the Australian government and the Reserve Bank, the implications of a potential early election, and the surprising […]

A hint of good economic news emerged from the Chinese economy on Friday, with inflation showing more signs of stirring. After more than a year of downward pressure on prices, pork prices in China reversed direction in July and pushed the Consumer Price Index (CPI) up more than expected. Data from the country’s National Bureau

The rout in lithium continues worldwide after Albemarle and Arcadium last week and this week slashed mine, refinery, and exploration budgets in Australia, the US, Chile, and Argentina. The industry now awaits SQM’s cost-cutting measures to match declining revenue and losses. As the world’s second-largest producer, following Albemarle’s aggressive cuts, SQM is expected to follow

Will Mirvac (ASX:MGR) be a bellwether for the property sector for the current financial year with its warning of lower earnings for 2024-25? Judging by the 12% slide in the property group’s securities on Thursday, the market thinks so, especially as the sinking feeling about the timing of a rate cut by the Reserve Bank

Furniture retailer Nick Scali (ASX:NCK) hopes that 2023-24 will be a year it and the market can forget, after again cutting its dividend amid a not unexpected decline in revenue and sales for the 12 months. The group reported a 29% drop in earnings at the December 31 halfway mark, which was trimmed in the

American business analysts have just realized that Warren Buffett is the largest owner of short-term U.S. Treasury bills (or notes) – even larger than the Federal Reserve, America’s central bank. The figures are breathtaking. After selling nearly half his stake in Apple in the June quarter, Buffett and his managers did what he has been

To register for today’s webinar click here. Pointerra (ASX:3DP) outlined new contract awards from existing US energy utility customer Florida Power & Light. Pointerra3D is a cloud platform for the processing and analysis of 3D LiDAR and 2D imagery. Shares are trading 15.25 per cent higher at 6.8 cents. EVZ (ASX:EVZ) announced that it has

Australian shares surged on Friday, mirroring gains on Wall Street after positive US jobless claims data eased recession fears. At 11:35am, the S&P/ASX 200 is 1.04 per cent higher at 7,761.70, with technology stocks leading the charge. Life360 soared 17.5% following strong earnings, while News Corp rose on Foxtel sale plans. Conversely, insurance giant QBE

QBE (ASX:QBE) is raining cash, with profit doubling for the six months to June and the global insurer lifting its interim dividend by more than 60%. The company attributed the improvement to continued premium renewal rate increases, lower catastrophe costs, and another solid investment performance for the half-year. Earnings for the six months to June

Global economic headwinds are impacting the Australian property market. Winston’s Weekly examines recent interest rate decisions, stock market volatility, and its influence on property valuations. Winston delves into the performance of property stocks and explores potential investment opportunities in the sector. Disclaimer: This information is General Advice only and does not take into account your