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Netflix has once again defied gloomy analysts and investors by revealing a surge in subscriber numbers, thanks to the introduction of the ad-supported cheaper streaming option. The company also confirmed that price hikes are imminent. The better-than-expected news sent shares soaring by more than 12% just before 8 am Sydney time on Thursday. This rebound […]

Tesla’s results for the three months ending in September weren’t impressive, especially when compared to Netflix, which pleasantly surprised the market. However, they managed to partially reverse the nearly 5% slide in the electric vehicle (EV) maker’s shares during regular trading, with a modest 1.3% rebound by 8:30 am Sydney time. In after-hours trading, Tesla

Stocks dropped Wednesday as earnings season gained steam and Treasury yields climbed to multiyear highs. The 10-year Treasury yield climbed on Wednesday, at one point breaking above 4.9 per cent for the first time since 2007. Meanwhile, the average rate on the popular 30-year fixed mortgage rate just hit 8 per cent, the highest level

Whitehaven Coal (ASX:WHC) plans to acquire two Queensland coking coal mines from BHP and Mitsubishi, opting for a traditional layaway plan over modern equity/debt packages preferred by banks and corporate advisers. Whitehaven will initiate the deal with a multi-billion dollar deposit, followed by staged repayments over the next couple of years, ultimately reaching $US3.2 billion

The Australian sharemarket increased in value on Wednesday, as China’s gross domestic product (GDP) for July-September grew by 4.9% compared to the previous year.  At the closing bell, the S&P/ASX 200 was 0.3 per cent higher at 7,077.60. Futures The Dow Jones futures are pointing to a fall of 29 points. The S&P 500 futures are

The new financing package for Liontown Resources (ASX:LTR) and its Kathleen Valley lithium mine in WA won’t be known until Friday morning. The company requested its shares to be suspended on Wednesday. The suspension request came after Liontown had asked for a trading halt until Wednesday last week to sort out the financing package. The

If China’s economic performance in September and the September quarter were a school report card, it would have earned a bare pass mark of 50%, with the comment “Should be doing better.” Every measure of activity across the month and the quarter was weak to poor as the country continues to grapple with weak demand

The S&P/ASX 200 is trading 0.16 per cent higher at 7,067.40. Futures The SPI futures are down 1 point. Best and worst performers The best-performing sector is Energy, up 1.6 per cent. The worst-performing sector is Information Technology, down 1.18 per cent. The best-performing large cap is Northern Star Resources (ASX:NST), trading 2.57 per cent