Betting markets and fundamental analyses are diverging from traditional polls, adding layers of unpredictability to an election too close to call. The electoral college, swing states, and the 270-vote threshold The US president is elected through the Electoral College, which allocates electoral votes to each state based on its Congressional representation, totalling 538 votes. A […]
Swing state showdown and the road to 270 Read More »
Intel (NASDAQ: INTC) stock rose over 8% on Friday, following the company’s third-quarter earnings release. Shares are currently trading 7.81% higher at US$23.20. This is despite Intel reporting a US$16.6bn loss for July-to-September, which was below expectations. The market liked the upbeat fourth-quarter guidance and growth in the company’s data centre and artificial intelligence (AI)
Despite losses, Intel surges on fourth-quarter guidance Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points: CoreLogic data shows that monthly average home price growth was just 0.3%mom in October, unchanged from the prior three months which were revised down. The pace of gains remains highly diverse ranging from falls in Melbourne, Canberra, Darwin
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets remained under pressure over the last week not helped by mixed
Tower (ASX:TWR), a New Zealand-based insurer specialising in both Kiwi and Pacific Island markets, announced today that CEO Blair Turnbull will step down in February 2025, following the company’s Annual Shareholder Meeting. Appointed in 2020, Turnbull has driven significant transformation at Tower, steering the company toward digitalisation and enhancing its growth potential across the region.
Tower sees leadership change after digital growth milestones Read More »
Amcor (ASX:AMC, NYSE:AMCR), a global leader in packaging solutions, reported first-quarter results for the 2025 fiscal year, showing sequential growth driven by its Flexibles and Rigid Packaging segments. The company achieved net sales of $3.35bn for the quarter ending 30 September 2024, slightly below last year’s $3.44bn due to lower raw material costs and foreign
Q1 profits rise as Amcor wraps its strategy around cost control Read More »
What a huge two weeks with US Economic data and 278 of the 500 S&P500 stock reporting this week, while the US Presidential election and Fed Funds rate will be the focus next week. Economic data In terms of economic data, the two major numbers reported on Wednesday were both softer than consensus with JOLTs
Reporting season including 6 of the Magnificent 7, Election, Fed meeting, Economic data Read More »
Capstone Copper (ASX:CSC, TSX:CS) has reported a productive third quarter for 2024. For the period ending 30 September, Capstone achieved a consolidated copper production of 47,460 tonnes, marking an 18% increase over the prior year’s third quarter. This rise was attributed primarily to the Mantoverde Development Project (MVDP) in Chile, which reached commercial production status.
Capstone Copper delivers solid Q3, but revises guidance amid ramp-up delays Read More »
Macquarie Group (ASX:MQG), a global financial services provider known for its diverse operations across asset management, banking, and commodities markets, has announced a 14% year-on-year increase in half-year net profit after tax to $1.61bn for the period ending 30 September 2024, driven largely by higher performance fees in Macquarie Asset Management (MAM) and further digitalisation
Macquarie profit climbs on asset management fees, but growth slows in commodities Read More »
Amazon.com reported third-quarter earnings after market close today. They have exceeded market expectations, driven by strong performances in the company’s cloud computing and advertising divisions. The company announced earnings per share (EPS) of US$1.14, a 34% increase from the same period last year, surpassing the consensus estimate of US$1.12. Total revenue reached US$157.3bn, marking a
Amazon’s Q3 beats forecast thanks to AWS and ad strength Read More »
