Trump Media shares continue to track Donald Trump’s downward move in opinion polls – which is making him poorer by the day as they hit a succession of new lows this week. Several weeks ago we noted that the shares had dipped more than 40% from its most recent peak of $US40.58 on July 15 […]
Trump Media shares plummet as poll numbers sink Read More »
Thursday saw Warren Buffett’s Berkshire Hathaway finally end a trading session with a market value of one trillion dollars. On Wednesday, the stock had risen to that level but eased in late trading, leaving it just under that figure at around $US994 billion. Buffett turns 94 today (Friday). However, on Thursday, the stock rose 1.29%,
Berkshire Hathaway hits $1 trillion milestone Read More »
Despite continuing high interest rates, the US economy was stronger than previously expected, with the second estimate of June quarter economic growth being upgraded to a robust 3% from 2.8% a month ago. The US Bureau of Economic Analysis upgraded its assessment of US economic growth despite pressure from persistent inflation and high interest rates.
US economy surpasses expectations with 3% growth amid high interest rates Read More »
Federal Reserve officials will get a fresh look at their preferred inflation gauge on Friday, a data point that could influence the September rate decision, even as their focus appears to be shifting elsewhere. The Commerce Department will release its personal consumption expenditures (PCE) price index at 8:30 a.m. ET, providing a comprehensive view of
Fed awaits inflation data ahead of rate decision Read More »
The slides in June 30 profits for both Qantas (ASX:QAN) and Air New Zealand (ASX:AIZ) signal that the two airlines are preparing for an anticipated slowdown in revenue and earnings for 2024-25. Qantas is facing a slowdown in domestic revenues and is budgeting for a drop in its international revenue. The airline also faces $60
Qantas and Air NZ brace for revenue slowdown Read More »
Perth-based miner IGO (ASX:IGO) seems to have escaped another round of punishment from investors sceptical about its nickel and lithium operations. The company’s shares rose more than 4% at one stage yesterday after it revealed that the huge Greenbushes lithium mine and the corporate structure surrounding its ownership had saved it from joining other lithium
IGO dodges investor punishment Read More »
On Thursday, the sharemarket experienced its steepest decline in three weeks, driven by a weak lead from Wall Street and a sharp drop in Nvidia’s stock, which fell nearly 9% due to disappointing guidance. The S&P/ASX 200 Index fell 0.3% to 8045.1, moving away from its recent record of 8148.7, with the All Ordinaries also
ASX falls 0.3% to its steepest decline in three weeks Read More »
Global miner South32 (ASX:S32) reported a 60% fall in underlying earnings for the 2023-24 financial year, but it tempered the impact of this significant drop with a new $US200 million share buyback following the sale of its Illawarra Metallurgical Coal business. The company had flagged that the buyback would be set when the sale was
South32 reports 60% earnings drop Read More »
Bega Cheese (ASX:BGA) has increased its dividend for the year ending June, following a rise in sales, profits, and a reduction in debt. This positive outcome comes despite the ongoing challenges faced by many companies over the past year. The company’s board has set the full-year dividend at 8 cents per share, up from 7.5
Bega Cheese boosts dividend despite challenging conditions Read More »
Corella Resources Limited (ASX:CR9) CEO Jess Maddren provides an overview of the business, discussing novel steps for high-purity alumina flowsheeting. Peter Milios: I’m Peter Milios from the Finance News Network, and today I’m talking with Corella Resources (ASX:CR9). Corella Resources, trading under the ASX Code “CR9” with a market capitalisation of approximately $3m, is an
Corella Resources (ASX:CR9) discusses novel flowsheeting for high-purity alumina Read More »
