November 2024

Stocks declined on Monday as investors prepared for the U.S. presidential election and a potential Federal Reserve rate cut later this week. The Dow Jones Industrial Average dropped 257.59 points or 0.61 per cent, closing at 41,794.60. The S&P 500 fell 0.28 per cent to 5,712.69, while the Nasdaq Composite decreased by 0.33 per cent to […]

Gold prices held steady on Monday as traders prepared for two major events that could sway the market — the US presidential election and the Federal Reserve’s interest rate decision later in the week. Spot gold is currently flat at US$2,736.16 per ounce, as it continues to attract safe-haven interest. With voting set to begin

Warren Buffett’s Berkshire Hathaway’s third-quarter operating earnings dropped by over 6% to US$10.09 billion, driven by weakness in the company’s insurance underwriting division. The company also reported a significant reduction in its stake in Apple, its largest equity holding, selling an additional 100 million shares. This marks a 67.2% decrease in Berkshire’s Apple position since

Oil prices edged up on Monday after OPEC+ announced it would delay a scheduled increase in oil output by another month, aiming to support prices amid recent declines. Brent crude rose 2.3% to US$74.51 per barrel following the decision, rebounding after last week’s dip to nearly US$70. It’s currently trading up 2.65% at US$75.04 a

NEXTDC (ASX:NXT), Australia’s largest, locally owned and operated data centre provider, has announced a new $2.9bn debt facility aimed at supporting its ongoing expansion efforts and strengthening its financial position. The debt facility, formalised on 4 November 2024, consolidates NEXTDC’s debt under a common terms platform, which will enhance financial flexibility as the company pursues

Mineral Resources (ASX:MIN) has announced substantial changes to its corporate governance and leadership structure following a board-led investigation into governance practices. In a report issued on 4 November 2024, the company disclosed that its Managing Director, Chris Ellison, will face financial penalties and that an accelerated leadership succession plan will be implemented to safeguard shareholder

Westpac Banking Corporation (ASX:WBC) has announced its full-year financial results for 2024. For the fiscal year ending 30 September 2024, the bank reported a net profit after tax of $6.99bn. This is a 3% decrease compared to the prior year but exceeds market expectations. Despite rising operational costs, Westpac achieved a solid balance sheet position

AVJennings (ASX:AVJ), a major residential property developer across Australia and New Zealand, released its first-quarter business update for FY25 today, reporting a 29% increase in settlements compared to the prior corresponding period. In total, the company settled 122 lots valued at $50.4 million, a notable rise against Q1 FY24 figures. The growth in settlement volume

US stocks surged on Friday to kick off November, with Amazon leading the way for major tech companies as traders largely overlooked a disappointing jobs report. The Dow Jones Industrial Average gained 288.73 points, or 0.69 per cent, finishing at 42,052.19. The S&P 500 rose 0.41 per cent to close at 5,728.80, while the Nasdaq

Betting markets and fundamental analyses are diverging from traditional polls, adding layers of unpredictability to an election too close to call. The electoral college, swing states, and the 270-vote threshold The US president is elected through the Electoral College, which allocates electoral votes to each state based on its Congressional representation, totalling 538 votes. A