US markets closed higher on Friday, with the Dow Jones Industrial Average hitting a new all-time high, closing at 44,296.51. The S&P 500 also saw its fifth straight positive session, finishing at 5,969.34. However, gains were somewhat tempered by slides in tech giants Nvidia and Alphabet. Looking at sector performance, energy stocks experienced a significant […]
Dow reaches record high; ASX set for positive start Read More »
Nvidia (NASDAQ: NVDA) posted its third-quarter results for FY2025 after market close on Wednesday, surpassing analysts’ expectations across key metrics. However, despite the strong performance, the company’s stock price has fallen since then, reflecting investor unease over its Q4 guidance and rising costs. Shares are trading 3.22% lower at US$141.95 as of the time of
Nvidia delivers record AI results, but Wall Street isn’t impressed Read More »
UPS (NYSE: UPS) agreed on Friday to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) that it improperly valued its freight business, leading to misrepresented financial results in 2019 and 2020. The SEC claims the Atlanta-based courier failed to follow generally accepted accounting principles (GAAP), significantly overstating the value of
UPS delivers $45m surprise: Accounting package gets returned to sender Read More »
Northvolt, the Swedish battery maker once hailed as a cornerstone of Europe’s electric vehicle (EV) battery production, filed for Chapter 11 bankruptcy protection in the United States on Thursday, marking a significant setback for the continent’s green transition. The move prompted the resignation of co-founder and CEO Peter Carlsson on Friday. Carlsson will remain on
Northvolt short circuits Europe’s green ambitions Read More »
WiseTech Global (ASX:WTC) has adjusted its FY25 guidance, lowering its revenue and EBITDA expectations following leadership changes and a delay in launching a key product. The company now forecasts revenue of $1.2bn to $1.3bn, representing 15–25% growth from FY24, down from earlier projections. EBITDA is expected to range between $600m and $660m , reflecting 21–33%
A detour for WiseTech’s logistics journey Read More »
Oceania Healthcare (ASX:OCA), a leading provider of aged care and retirement living services in New Zealand, operating 46 sites across the country, has announced its half-year financial results for the six months ending 30 September 2024. The company reported a net loss of $17.1m, a stark contrast with a $35.2m profit in the same period last
Oceania Healthcare realigns as profits slip Read More »
The a2 Milk Company (ASX:A2M) has revised its FY25 revenue guidance upward and introduced its first dividend policy, marking a milestone in the company’s history. Year-to-date trading has exceeded expectations, driven by higher external ingredient sales at the company’s MVM facility. This performance was attributed to elevated Global Dairy Trade prices, currency fluctuations, and a favorable
Milk money: A2M announces first-ever dividend Read More »
Roger Baxter – Executive Chairman – Southern Palladium (ASX:SPD) holds a 70% interest in the Bengwenyama palladium/rhodium PGM project on the Eastern limb of South Africa’s Bushveld.
Southern Palladium (ASX:SPD) – Webinar Presentation Read More »
Nan-Maree Schoerie – Managing Director – ECS Botanics Holdings (ASX:ECS) is a medicinal cannabis cultivator and manufacturer with facilities in Victoria.
ECS Botanics Holdings (ASX:ECS) – Webinar Presentation Read More »
The Dow Jones and the S&P 500 gained on Thursday as investors flocked to cyclical stocks expected to benefit from a strengthening economy, while shifting out of technology shares. The Dow gained 461.88 points, or 1.06 per cent, to finish at 43,870.35. The S&P 500 added 0.53 per cent to close at 5,948.71. The tech-heavy
Wall St rise as investors flock to cyclicals; ASX to open higher Read More »
