November 6, 2024

National Australia Bank (ASX:NAB) has released its full-year financial results for 2024, revealing a statutory net profit of $6.96bn, down 6.1% from the prior year’s $7.41bn. Cash earnings also dropped — by 8.1% to $7.1bn, reflecting a challenging economic environment marked by persistent inflation and rising living costs. Earnings per share (EPS) fell to 227.9 […]

Elementos (ASX:ELT), an exploration and development company focused on strategic minerals, in particular tin, has announced significant assay results from its Cleveland Project in Tasmania, confirming a major zone of high-grade fluorite mineralisation. The findings come from a completed drill hole within the Foleys Zone, located beneath the historic Cleveland Tin Mine. Key assays reveal a

Stocks surged sharply on Wednesday, with major indices reaching all-time highs after Donald Trump won the 2024 presidential election. The Dow Jones Industrial Average soared 1,508.05 points, or 3.57 per cent, closing at a record 43,729.93. This marked the largest one-day point gain for the Dow since November 2022. The S&P 500 also hit a

Propel Funeral Partners (ASX:PFP), the second-largest provider of death care services in Australia and New Zealand next to Invocare (ASX:IVC), has released a trading update ahead of its 2024 Annual General Meeting, which will be held later today. The company operates 198 locations, including 38 cremation facilities and nine cemeteries, with a significant presence in

Scentre Group (ASX:SCG), the owner and operator of 42 Westfield centres across Australia and New Zealand, provided an operational update for the year to date. The company reported 429 million customer visits as of 3 November 2024, up 2.1% from the same period in 2023, while business partner sales reached $20.2bn, marking a 2.3% increase

Shares in renewable energy companies, both in the US and Europe, fell sharply on Wednesday following Donald Trump’s victory in the US presidential election. Investors responded to Trump’s pledge to “end the green new scam” and roll back climate regulations established under President Joe Biden. Trump has consistently voiced opposition to climate-focused policies. Market analysts

To me, the most beautiful word in the dictionary is tariff. It’s my favourite word.— Donald J Trump Emerging markets faced a significant hit on Wednesday as the US dollar strengthened sharply following Donald Trump’s return to the White House. This resurgence of the “Trump trade” pushed US Treasury yields higher and triggered broad sell-offs

Gold prices fell sharply on Wednesday, hitting a three-week low as markets responded to Donald Trump’s victory. Spot gold is currently down 2.77% to US$2,667.86 an ounce, marking its largest one-day loss in five months. A rotation into riskier assets, like equities and cryptocurrencies, and a surging US dollar were big contributors to this drop. The US

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the return of Trump. Key points: The return of Donald Trump to the US presidency brings the prospect of more US tax cuts and deregulation, but also more tariff hikes and trade wars and policy uncertainty. His win was not the surprise

Markets have rallied as Donald Trump’s re-election sparks a resurgence in “Trump trades”. Investors are piling into assets expected to benefit from his pro-growth, protectionist policies.  Here are some of the immediate reactions, and some likely flow-on effects. Stocks Traders are betting that Trump’s tariffs and tax cuts will favour companies with US-centric operations.  US