Hearing device manufacturer, Cochlear (ASX:COH), is poised for a strong performance in the fiscal year 2023-24, following a commendable performance until June. The company predicts underlying net earnings within the range of $355 to $375 million for this fiscal year. Should this projection materialise, it would signify a 16% to 23% enhancement compared to the […]
Cochlear anticipates robust performance for 2023-24 Read More »
Treasury Wine Estates (ASX:TWE) is aiming for a stronger performance in 2024, as the year leading up to June 30 proved to be less dire than initially anticipated. Benefiting from its luxury Penfolds division, TWE managed to weather the challenging landscape of 2022-23, positioning itself for a more promising year. The company is reinvigorating its
Treasury Wine Estates anticipates improved performance in 2024 Read More »
Australia is considering the introduction of a “green tariff” targeting imports of steel and cement from nations such as China, India, and Vietnam. The aim is to level the playing field for Australian producers who are grappling with stringent carbon emission reduction regulations introduced last month. In an announcement scheduled for Tuesday, Climate Change Minister
The integration of AI into business processes is sparking a race to reshape workplaces and tap into significant investment opportunities that could yield substantial gains over the next decade. Across multiple sectors, stocks are poised to surge in value, potentially increasing by five to tenfold, as companies leverage AI to optimize their operations and enhance
The race to reinvent the workplace: AI integration creates investment opportunities Read More »
A new crisis enveloped the beleaguered Chinese property developer, Country Garden, leading to a sell-off in Hong Kong shares on Monday. Additionally, reports spread about a major asset manager allowing defaults to occur on fixed interest products. From the market’s reaction on Monday, it appears that investors have lost faith in Country Garden. The crisis
Hong Kong shares slide as crisis deepens for Chinese property developer country garden Read More »
The National Australia Bank (ASX:NAB) revealed a $1.5 billion share buyback on Tuesday morning following news of a modest 5.8% increase in third-quarter cash earnings to $1.90 billion. The buyback gesture indicates the bank’s relatively unconcerned stance towards the impact of higher interest rates on homeowners transitioning from fixed-rate mortgages to variable loans, as well
NAB announces $1.5 billion share buyback as Q3 cash earnings rise Read More »
According to the firm’s 13F (fund manager) filing with the US Securities and Exchange Commission after trading ended on Monday, Buffett bought around $4.6 billion worth of shares in the quarter, led by the homebuilders (which some analysts said was somewhat surprising). Berkshire displayed new stakes in homebuilders D. R. Horton, Lennar Corp, and NVR,
Warren Buffett’s Berkshire Hathaway develops taste for US home builder stocks Read More »
15 Aug 2023 – The S&P 500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names.
Chip stocks rebound to lift the Nasdaq and S&P500 Read More »
The S&P 500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names. The broad market index added 0.57 per cent, closing at 4,489.72. The tech-heavy Nasdaq gained 1.05 per cent, ending the day at 13,788.33. Meanwhile, the Dow Jones Industrial Average advanced by 26.23 points, or 0.07 per
Chip stocks rebound to lift the Nasdaq and S&P500 Read More »
At the closing bell, the S&P/ASX 200 was 0.86 per cent lower at 7,277. The main reason for this decline was renewed worries regarding the state of China’s economy, which negatively impacted mining stocks. Specifically, iron ore futures in Singapore fell by 2.4%, closing at US$100.30 per tonne. This decline in iron ore prices led
ASX closes 0.86% lower as renewed China worries impact mining stocks Read More »
