November 1, 2024

Intel (NASDAQ: INTC) stock rose over 8% on Friday, following the company’s third-quarter earnings release. Shares are currently trading 7.81% higher at US$23.20. This is despite Intel reporting a US$16.6bn loss for July-to-September, which was below expectations. The market liked the upbeat fourth-quarter guidance and growth in the company’s data centre and artificial intelligence (AI) […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points: CoreLogic data shows that monthly average home price growth was just 0.3%mom in October, unchanged from the prior three months which were revised down. The pace of gains remains highly diverse ranging from falls in Melbourne, Canberra, Darwin

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets remained under pressure over the last week not helped by mixed

Tower (ASX:TWR), a New Zealand-based insurer specialising in both Kiwi and Pacific Island markets, announced today that CEO Blair Turnbull will step down in February 2025, following the company’s Annual Shareholder Meeting. Appointed in 2020, Turnbull has driven significant transformation at Tower, steering the company toward digitalisation and enhancing its growth potential across the region.

Amcor (ASX:AMC, NYSE:AMCR), a global leader in packaging solutions, reported first-quarter results for the 2025 fiscal year, showing sequential growth driven by its Flexibles and Rigid Packaging segments. The company achieved net sales of $3.35bn for the quarter ending 30 September 2024, slightly below last year’s $3.44bn due to lower raw material costs and foreign

What a huge two weeks with US Economic data and 278 of the 500 S&P500 stock reporting this week, while the US Presidential election and Fed Funds rate will be the focus next week. Economic data In terms of economic data, the two major numbers reported on Wednesday were both softer than consensus with JOLTs

Capstone Copper (ASX:CSC, TSX:CS) has reported a productive third quarter for 2024. For the period ending 30 September, Capstone achieved a consolidated copper production of 47,460 tonnes, marking an 18% increase over the prior year’s third quarter. This rise was attributed primarily to the Mantoverde Development Project (MVDP) in Chile, which reached commercial production status.