Stocks declined on Thursday as rising tensions in the Middle East left investors uneasy ahead of September’s payrolls report. The Dow Jones Industrial Average fell 184.93 points, or 0.44 per cent, finishing at 42,011.59. The S&P 500 dipped by 0.17 per cent to close at 5,699.94, while the Nasdaq Composite edged down 0.04 per cent […]
Energy sector shines despite broader market losses Read More »
The new car market experienced a crunch in September, with sales slumping 12.4% to 97,020 units compared to the same month in 2023, and down around 1% from August. The September figure was the lowest since last December, when approximately 84,000 new vehicles were sold. Including sales by Tesla and Polestar—companies that are not reported
September car sales down 12.4% Read More »
Westpac announced on Thursday that it will sell the remainder of its auto finance business to Australian non-bank lender Resimac, completing the bank’s divestment of the unit following a partial sale in 2021. In that year, Westpac sold its wholesale dealer loan book to a unit of American investment firm Cerberus Capital Management. At the
Westpac sells auto finance unit to Resimac Read More »
Even though its quarterly car sales fell short of expectations, Tesla managed to maintain its lead as the leading producer of pure electric vehicles powered by batteries. Tesla reported a 6.4% increase in EV deliveries from the third quarter of 2023, reaching 462,890 units by September 30, just ahead of the 419,426 units sold by
Tesla maintains EV lead despite sales dip Read More »
Australian shares are trading lower near noon as traders assess the risks of escalating tensions in the Middle East. At near noon, the S&P/ASX 200 is 0.08 per cent lower at 8,191.30. This follows a largely unchanged close in yesterday’s session, where a significant rally in energy stocks—driven by heightened fears of a broader conflict
ASX down 0.08% near noon Read More »
To register for Friday’s webinar click here. Chariot Corporation Limited (ASX:CC9) has revised its strategy for the Black Mountain lithium project in Wyoming, shifting from pursuing a large-scale resource to testing the viability of a smaller-scale pilot mine. The goal is to supply spodumene concentrate to lithium hydroxide refineries currently under construction in the southwestern
Stocks of the Hour: Chariot Corp, Island Pharmaceuticals, Golden Mile Resources Read More »
