Author name: laprivate_admin

Treasury Secretary Scott Bessent has conceded that a recession is possible but downplayed concerns about the recent stock market sell-off, stating that corrections are “healthy” and “normal.” His comments come amid increased market turbulence following the Trump administration’s sweeping tariffs on key trading partners. “There are no guarantees,” Bessent said in an interview on NBC’s […]

BMW has warned that newly imposed tariffs will cost the company approximately €1 billion ($1.09 billion) this year as global trade tensions intensify between the United States, Europe, and China. The German automaker said on Friday that its earnings margin for its automotive segment is expected to fall between 5% and 7% in 2025, compared

Swedish battery manufacturer Northvolt filed for bankruptcy on 12 March 2025, bringing an abrupt end to a company once seen as Europe’s best hope of challenging Asian dominance in electric vehicle (EV) battery production. Northvolt cited rising capital costs, geopolitical instability, supply chain disruptions, and shifting market demand as the main factors behind its financial

Stocks rallied on Friday, clawing back some of the steep losses seen over the week as investors got a reprieve from tariff-related headlines.   The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, while the Nasdaq Composite advanced 2.61% to settle

ReNerve Limited (ASX:RNV) has received an additional $139,537 tax refund under the Research and Development (R&D) Tax Incentive program, bringing the total refund to $516,606. This additional funding stems from an assessment of the company’s overseas research and development activities. The initial refund of $377,069 was received in September 2024. ReNerve is focused on advancing

Whitebark Energy Limited (Whitebark) has issued its Second Supplementary Bidder’s Statement, updating shareholders on its off-market takeover offer for King Energy Limited (King). As of March 5, 2025, Whitebark has secured 80.36% voting power in King, surpassing the 50% threshold. The offer period has been extended until 5:00pm (Perth time) on March 24, 2025. The

DigitalX Limited (ASX:DCC) reported its treasury holdings as of February 28, 2025, totaling A$59.1 million. The portfolio is diversified across Spot Solana (23.6%), Spot Bitcoin (18.7%), DigitalX Bitcoin ETF Units (45.0%), DigitalX Fund Units (7.7%) and Cash at Bank (5.0%). In February, DigitalX strategically increased its Solana holdings, acquiring an additional 17,396 SOL using cash

Arika Resources Limited (ASX: ARI) has announced encouraging results from its Phase 2 Reverse Circulation (RC) drilling program at the Pennyweight Point Prospect, part of the Yundamindra Gold JV Project in Western Australia. The latest assays reveal significant strike and depth extensions of the mineralized zone. New step-out drill results have extended the strike length

Orica (ASX: ORI) forecasts stronger first-half EBIT, with $300m-$350m in significant items. Growth across all segments is driving performance, supported by strong demand and contract wins. Blasting Solutions remains robust, with carbon credit sales adding up to $15m. Digital Solutions is benefiting from Terra Insights’ growth, while Specialty Mining Chemicals is expanding despite a $20m

Jason Yetton, the chief executive of Westpac’s consumer division, has resigned after serving less than two years in the position. This departure contributes to a series of recent leadership changes within the Australian banking giant. The bank has initiated a recruitment process to find Yetton’s replacement, and he has agreed to remain in his role