November 14, 2024

Overnight, global markets saw a mixed bag, with US equities mostly lower across the board. Nine of the eleven S&P 500 industry sectors experienced declines, with industrials leading the way. This broad retreat comes as traders reassess the likelihood of a rate cut next month. Federal Reserve Chairman Jerome Powell’s remarks, stressing caution in rate […]

China has taken a step forward in renewable energy, launching the world’s first gigawatt-scale offshore solar photovoltaic project. Situated 8km off the coast of Dongying City in Shandong Province, this sprawling facility spans over 1,223 hectares. It is designed to generate approximately 1.78 billion kilowatt-hours of electricity annually, enough to power nearly 2.67 million households.

Greg Boland, Chief Strategy Officer for Tiger Brokers, provides his weekly update. The Trump trade At the close of US equities trading this morning, many of the Trump trade stocks had begun to give back some of the huge price gains they have made in the past week since Donald Trump became President-Elect. The crypto

To register for Friday’s webinar click here. Midway Limited (ASX:MWY) has entered into a binding Scheme Implementation Deed (SID) with RCM BidCo Pty Ltd, an entity controlled by River Capital Pty Ltd, for the acquisition of all Midway shares. Under the proposed scheme, if approved, Midway shareholders will receive $1.19 per share in cash, which

Catapult Group International (ASX:CAT) has announced a robust financial performance for the first half of FY25, ending 30 September 2024. The company’s Annualised Contract Value (ACV), a key measure of recurring revenue, surged by 20% year-on-year to reach US$96.8m, driven by expansion in Catapult’s Performance & Health and Tactics & Coaching verticals. Revenue climbed 19%

Nufarm (ASX:NUF) has announced its full-year financial results for FY24, reporting underlying EBITDA of $313m, which was at the midpoint of guidance despite a 29% decline from the previous year. This performance came as Nufarm navigated competitive pricing pressures and lower revenue in some segments. The company’s net debt dropped by 25% to $635m, and

GrainCorp (ASX:GNC) reported a resilient performance in its FY24 results despite difficult global and local market environments. Earnings, however, have come in slightly below expectations. The company achieved an underlying EBITDA of $268 million, down from $565 million in FY23, while net profit after tax (NPAT) fell to $62 million from $250 million in FY23.

Cbus Super CEO Kristian Fok is set to appear before the Senate Economics References Committee today. For some months, the Senate had planned to bring Cbus before the Senate Economics Committee alongside the prudential regulator APRA, Housing Australia, and various other superannuation funds in relation to a special inquiry to examine housing issues. Senators have questions