November 12, 2024

US stocks fall on Tuesday as major indices took a breather following their postelection rally. The Dow Jones Industrial Average dropped 382.15 points, or 0.86 per cent, to 43,910.98, while the S&P 500 slipped 0.29 per cent, closing at 5,983.99. The Nasdaq Composite ended the session slightly lower, falling 0.09 per cent to 19,281.40. Both […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, provides some tips for investors. Key points A surge in financial information and opinion along with our natural inclination to focus on bad news is arguably making us worse investors: more fearful and short-term focussed. Five ways to help manage the noise and

Tesla’s stock has seen a remarkable week of gains, surging around 20% over the past five days, and around 52% over the past year. Tesla’s market capitalisation passed US$1 trillion for the first time in two years on Friday. However, there are some signs of caution. As of the time of writing, shares are around

Chinese e-commerce giant Alibaba has launched a new artificial intelligence-powered search engine, named “Accio”, aimed at helping small businesses in Europe and the Americas source supplies more efficiently. Named after the summoning spell from the Harry Potter series, Accio is available in multiple languages, including English, German, French, Portuguese, and Spanish. It is a web-based

Shell has successfully appealed a 2021 ruling by a Dutch court that required the company to cut its global carbon emissions by 45% by 2030, from 2019 levels. The Hague Court of Appeal ruled on Tuesday that, while Shell does have a “duty of care” to reduce emissions to combat climate change, it could not

In a November 2024 research report by Senior Analyst Di Brookman from Corporate Connect, NOVONIX (ASX:NVX) showcased its growing footprint in the North American battery supply chain. As it gears up to deliver on binding contracts with Panasonic, KORE Power, and the newly signed Stellantis agreement, NOVONIX is poised for substantial growth in the lithium-ion

OFX Group (ASX:OFX), a global foreign exchange and payment services provider, has released its results for the half-year ending 30 September 2024, showing mixed performance amid challenging economic conditions. The Group reported fee and trading income of $114.5m, nearly flat compared to the previous year, while net operating income declined 3.5% to $111.2m. Underlying EBITDA

Abacus Storage King (ASX:ASK), a leader in the self-storage sector across Australia and New Zealand, presented its financial update at the Annual General Meeting held today. Reporting on its portfolio’s strength, Abacus disclosed Funds From Operations (FFO) of $81.1m and a statutory profit of $138.2m for FY24. This performance was driven by a robust portfolio,

Aurizon Holdings (ASX:AZJ), Australia’s largest rail freight operator, has announced a $100m extension to its on-market share buy-back program, bringing the total buy-back to $250m. The extension is backed by strong cash flows, supported by net proceeds from recent legal settlements. CEO Andrew Harding commented, “The combined $250m on-market buy-back reflects the strength of the

Shares in uranium miner Paladin Energy (ASX:PDN) plummeted today after the company announced a reduction in its FY2025 production guidance for its Langer Heinrich Mine in Namibia. The guidance has been revised to 3.0–3.6 million pounds (Mlb) of uranium, down from the previously projected 4.0–4.5 Mlb. This change reflects lower-than-expected production results for October 2024 due