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Shareholders of the blood products giant CSL (ASX:ASX) are set to benefit as the company increased its revenue and earnings in the year leading up to June 30. On Tuesday, the company unveiled that it had raised its full-year underlying profit by 10%, reaching $2.61 billion USD ($4 billion AUD), attributed to higher sales in […]

Temple & Webster (ASX:TPW), a standout during the pandemic’s online retailing surge, is now on the path to recovery after facing difficulties for most of the 2022-23 financial year. In the year leading up to June, revenue experienced a 7.2% decline, dropping from $426.3 million in the pandemic-fueled year of 2021-22 to $395.5 million. Consequently,

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

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

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

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

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

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,

15 Aug 2023 – The S&P 500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names.