A week packed with economic data and corporate reports
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Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Read MoreWarren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Read MoreAt the end of last week, OPEC remained bullish on oil demand, while US drillers were less optimistic, and US demand remained difficult to gauge, according to traders and analysts.
Read MoreChina maintained a reasonable appetite for key commodities in June, but there was nothing to suggest confidence building for an upturn anytime soon.
Read MoreOn Thursday, American investors received strong hints of growing malaise among Americans as PepsiCo, Delta Airlines, and food group Conagra all reported clear signs of weak consumer support for price rises and weakening sales volumes (or slowing ticket sales in the case of Delta).
Read MoreThere’s a job lot of data and events this week to distract investors, but only the timid will care about them, especially when The Bull is striding the world’s bourses, driving momentum and turning the heads of investors large and small away from prudence and the growing list of warnings.
Read MoreGold steadied near seven-week highs at the close on Friday, while the dollar and yields weakened, despite a report showing US producer prices in June were slightly firmer than expected.
Read MoreBoom, boom for the ASX 200 after last week’s surging end and solid gain for the five days. Another 50-point gain was penciled in for today after the overnight futures market ended strongly early Saturday (Australian time).
Read MoreAfter two years of significant price rises and few apologies, US consumers are starting to get their revenge on corporate America, even as price pressures ease.
Read MoreChinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the US and the European Union.
Read MoreSynlait Milk (ASX:SM1) shares jumped 52% yesterday after shareholders approved the first step of a complicated refinancing of the struggling company’s debt and finances.
Read MoreWall Street reacted nervously on Thursday to good news on inflation. The Dow was up, but the S&P 500 and Nasdaq were down for the session.
Read MoreBHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.
Read MoreThe Stokes family's Seven Group Holdings (ASX:SVW) has followed through on a commitment made in April during its takeover of the minorities in Boral, announcing a post-transaction dividend of 30 cents per share.
Read MoreThe competition regulator, the ACCC, has launched Federal Court proceedings against The Good Guys Discount Warehouses (Australia) Pty Ltd for allegedly making false or misleading representations about their store credit and ‘StoreCash’ promotions, and failing to provide store credit to eligible consumers, in breach of the Australian Consumer Law.
Read MoreIn the value chain race, Apple remained on top, with its value rising nearly 1.9% to a massive $US3.57 trillion, around $US100 billion ahead of Microsoft, whose value rose nearly 1.5% to around $US3.47 trillion.
Read MoreThe June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real traction with consumers and depressed sectors of the economy.
Read MoreThe Reserve Bank of New Zealand has left its cash rate on hold at 5.50% but again hinted that a rate cut could be coming.
Read MoreChina's rising sales of so-called New Energy Vehicles (NEVs) can’t make up for the continuing weakness in sales of conventionally powered (or ICE, internal combustion) vehicles.
Read MoreWhile Fed Chair Jay Powell wouldn't get drawn into any discussions about the potential timing of any rate cut in the first of two appearances before the US Congress on Tuesday, he did send a hint or three to keep watching the central bank because something could be brewing.
Read MoreNow, this will confuse economists, analysts, and the members of the Reserve Bank second-guessers in the business media. According to the latest National Australia Bank survey for June, business conditions fell (no surprise), but business confidence jumped to 18-month highs (a big surprise).
Read MoreCar parts retailer and distributor Bapcor (ASX:BAP) had a busy Tuesday, announcing a new CEO and Executive Chair, and rejecting the tentative $5.40 a share approach from Bain Capital, an American private equity group.
Read MoreApple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company.
Read MoreCanada has again tightened rules, making it even harder to take over the country’s remaining big miners.
Read MoreUpdates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources.
Read MoreShares in Rex Minerals surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia.
Read MoreA high-stakes game of dairy "Russian Roulette" is unfolding across the Tasman between struggling Synlait and its once-close buddy and customer (and shareholder), a2 Milk.
Read MoreFor the second month in a row, high world prices kept China out of the world gold market in June. This news will disappoint all those bulls who expected the country to re-enter after prices fell $100 USD per ounce from all-time highs in May.
Read MoreCoal industry traders ended the week moving away from coking coal, despite the enthusiasm on the ASX for coal stocks following the huge fire at Anglo America's Grosvenor underground metallurgical mine in Queensland's Bowen Basin.
Read MoreThe ASX is looking at a hesitant start to trading today for the second week of the new financial year, despite a rise in most global markets on Friday due to a dip in the US dollar and Treasury bond yields following the release of weaker June jobs figures.
Read MoreGold prices jumped on Friday as the US dollar and US bond yields fell in the wake of the weakest jobs report in several months.
Read MoreUS crude prices eased off a seven-week high at Friday’s close, despite robust summer demand.
Read MoreIron ore prices slipped late last week from three-month highs on Thursday but still finished the first week of the new financial year with a small gain.
Read MoreUS inflation returns to center stage this week, as do US second-quarter earnings, while the June and June quarter economic reports from China start appearing.
Read MoreAs Westgold Resources (ASX:WGX) heads towards its $1.3 billion merger with Karora Resources later this year, it is also approaching record revenues of over $700 million for the year ending June 30. This comes despite a drop in annual gold output.
Read MoreEven though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time before the Chinese car giant moves into the lead.
Read MoreThe European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China continue for a more permanent arrangement.
Read MoreLendlease's (ASX:LLC) $1.3 billion "get out of jail" sale of its master-planned retirement villages to a joint venture between Stockland and Supalai is in trouble with the competition regulator. The ACCC has raised concerns about the deal.
Read MoreAlkane Resources (ASX:ALK) has confirmed that its Tomingley Gold Mine in central western NSW met its reduced guidance estimate for the 2023-24 financial year after a slower-than-predicted expansion ramp-up in the final quarter of the year.
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