New figures released on Tuesday have further confounded views about the health of the US economy and labor market, which appear to be stronger than expected, with an unexpected rise in vacancies in May following a deeper-than-reported fall in April. Vacancies were forecast to fall again in May for the fourth successive monthly drop, but […]
Surprise increase in job vacancies signals strength in US labor market Read More »
Shares in Tesla rose 10% on Tuesday after it revealed a quarterly sales performance that wasn’t as bad as analysts and others had forecast. That’s not to say the company’s “deliveries” (how it terms sales) rose—they didn’t—but the fall from a year ago was smaller than forecast, and it seems the company also reduced its
Tesla shares surge despite mixed sales performance Read More »
They never learn, do our big banks? Even though they drove the market’s modest gains in 2023-34, keeping it from a rotten, negative performance, one—the ANZ (ASX:ANZ)—did so with unclean hands. How do we know this? A key banking watchdog has sanctioned ANZ for continuing to charge or failing to refund fees for deceased estates
ANZ sanctioned for charging fees to deceased estates Read More »
Chinese electric vehicle (EV) manufacturer Zeekr, a subsidiary of Geely, reported a record-breaking month in June, delivering 20,106 vehicles. This achievement brought Zeekr’s total deliveries for the first half of the year to 87,870 units, positioning it as the top U.S.-listed Chinese company focused exclusively on pure electric cars. This performance narrowly surpassed that of
Zeekr sets new records in China’s EV market Read More »
Fairmont Equities Managing Director Michael Gable discusses market breadth. Click here to visit the Fairmont Equities website.
Should we be worried about poor market breadth? Read More »
At one stage in 2023, Liontown Resources (ASX:LTR) announced it had secured a $A1.13 billion funding package to bring its Kathleen Valley spodumene mine in Western Australia into production. However, as the lithium market experienced a downturn and demand weakened in late 2023, the funding was reduced to $760 million, sourced from banks and a
Liontown secures strategic partnership to deliver long-term funding Read More »
The ASX experienced its second consecutive losing session of the new financial year, with the S&P/ASX 200 closing 0.4% lower due to interest rate concerns. The Reserve Bank of Australia’s latest minutes revealed discussions on raising interest rates, causing a drop in interest rate-sensitive sectors such as real estate and major banks, while energy and
ASX closes 0.4% lower: Interest rate concerns loom Read More »
In a surprise announcement, Bendigo and Adelaide Bank (ASX:BEN) has announced that CEO Marnie Baker is stepping down after 35 years with the bank, the last six as CEO. She will be replaced by the bank’s current Chief Customer Officer, Richard Fennell, at the end of August. Fennell has served as the bank’s Chief Customer
CEO steps down from Bendigo and Adelaide Bank Read More »
Key points2023-24 provided another year of strong returns for investors as shares were boosted by falling inflation, central banks pivoting towards rate cuts (although is RBA is lagging) and economic conditions were better than feared.More central banks moving to cut rates, including the RBA early next year, should provide support for investment returns.However, balanced growth
2023-24 saw strong investment returns again but can it continue? Read More »
BYD, the world’s biggest maker of electrified vehicles, has revealed record sales for June and the second quarter. However, this growth occurred at a slowing pace, suggesting that China’s electrified vehicle market is losing momentum. Simultaneously, the company reported another surge in sales of plug-in hybrid vehicles (P-HEVs), which grew faster than BEVs both in
BYD reports record sales Read More »
