Musk Takes More off the Top with Tesla Sales
Six filings with the US Securities and Exchange Commission late on Tuesday night revealed that Tesla boss Elon Musk had sold a further 7.92 million shares of the EV maker worth $US6.9bn.
Read MoreSix filings with the US Securities and Exchange Commission late on Tuesday night revealed that Tesla boss Elon Musk had sold a further 7.92 million shares of the EV maker worth $US6.9bn.
Read MoreCommonwealth Bank shareholders will get a slightly higher final dividend after the country’s biggest bank revealed an 11% rise in cash earnings for the year to June 30.
Read MoreIn another bullish point for lithium, copper, nickel and all those other green metals, Chinese new electric vehicle sales (or NEVS, New Energy Vehicles) continued at high levels in July.
Read MoreAs the recent rollercoaster ride for network as software services (NASS) company Megaport shows, the life of an emerging tech stock can be hard – as it can for those who invest in them.
Read MoreAmid all the positivity of record earnings for Coronado Resources in the six months to June 30 were reminders about marketplace realities and how climate is now an increasing factor.
Read MoreThe Reserve Bank won’t like reading that the National Australia Bank’s latest survey for July showed a strengthening in business conditions, reversing the recent softening trend.
Read MoreAfter BHP lobbed its $8.3 billion all-cash bid for OZ Minerals on Monday morning, the future for the targeted company is clear – it will not be allowed to remain independent.
Read MoreSuncorp has slashed its payout to shareholders after reporting a sharp fall in earnings for FY2021-22, with investors returning serve by sending the company’s shares down 4.6% on Monday.
Read MoreNo matter how Aurizon tried to spin it, the 2021-22 results justified Monday’s slide, with the share price dipping 7% at one stage before a late rally saw it end the session down 3.4%.
Read MoreGlobal business media outlets have woken up to the very bullish quarterly report issued last week by Albemarle that contained a stunning upgrade to its outlook for the year ahead.
Read MoreNot even an investor like the legendary Warren Buffett could avoid the full impact of the slide in stockmarkets in the June quarter, which saw Berkshire Hathaway post a $US43.8 billion loss.
Read MoreLocal markets will be eagerly awaiting the US July CPI data midweek, while also keeping an eye on the local June 30 profit reporting season including CBA’s full year figures on Wednesday.
Read MoreThe current weakness in the Chinese economy was again underlined by the July trade data, which showed no real improvement in the pace of growth in imports and exports.
Read MoreLast week ended with the ‘good’ news from the US economy in the form of the July jobs bonanza, this week it will be the ‘bad’ – July’s CPI. It’s getting harder to distinguish between the two.
Read MoreCommodity prices did a bit better on Friday and for the week, although once again oil saw a solid fall and petrol prices here in Australia are now well under $1.70 a litre.
Read MoreOne investor not planning on abandoning oil anytime soon is Warren Buffett, who – with major stakes in Chevron and now Occidental Petroleum – continues to show a distinct liking for the stuff.
Read MoreUS investors are changing the way they view old-line media companies, replacing more traditional measures with those used for companies like Netflix – a comparison that is proving less than flattering.
Read MoreEngland’s central bank warned the country is facing a lengthy recession in 2023 and the nastiest fall in living standards for a generation or more.
Read MoreJune ended what was a record year for Australia’s trade account with new highs set for monthly exports and imports, as well as the biggest ever monthly and yearly trade surpluses.
Read MoreAnother major global company in the resource sector has benefited indirectly from the Ukraine invasion, albeit in a highly qualified way with both good and bad sides to the impact.
Read MoreFor the first time ever, the Australian Bureau of Statistics has broken out export data for lithium and revealed that it is really only an industry that started becoming significant this year.
Read MoreCanadian group Dye & Durham is trying to avoid an outright rejection by competition regulator, the ACCC, of its proposed $2.47 billion acquisition of Link Administration Holdings.
Read MoreOil prices crashed more than 6% intraday on Wednesday in the wake of a small, 100,000 barrels a day rise in OPEC+’s global production cap.
Read MoreOrica will pay $A260 million in cash to buy Axis Mining Technology, a specialised geospatial tool which will help miners explore, extract and refine material from “mine to mill.”
Read MoreLynas is to spend upwards of $500m expanding the capacity of its Mt Weld mine and processing operations in WA to meet growing demand for its suite of rare earths products.
Read MoreWhen you look a bit deeper, the retail sales data for the three months to June released on Wednesday was not such a solid performance after all, especially taking prices into account.
Read MoreNickel still retains the affection of BHP which, three years after failing to sell its Nickel West business, now sees the metal as part of its future deeper involvement in renewables.
Read MoreStatements from the RBA Governor hinted that the time for big rate increases had passed and that smaller rises would follow from here, no doubt with slumping house prices a factor.
Read MoreTuesday’s 5.3% slide in Credit Corp shares to $23.02 told the company that talk of no growth in Australia / NZ and problems in the growing US market was unacceptable.
Read MoreA strong performance from regional airline Rex provided its chairman with the perfect opportunity to fire some potshots at the airports and rival carrier Qantas and pushed the shares up 6%.
Read MoreAppen shares slumped 30% at one stage on Tuesday after it revealed a stunningly weak trading update for its first half of 2022, as it had earlier intimated might be on the cards.
Read MoreShares in United Malt Group slumped 17% Monday after the company cut its EBITDA estimate for the second time this year, blaming rising costs and problems in the North American market.
Read MoreShares in Ioneer firmed Monday on news that the company had struck a lithium supply deal from its Nevada project with the joint battery venture of Toyota Motor Corp and Panasonic Corp.
Read MoreFrom market darling in 2021 to market pariah so far in 2021 – a familiar experience for tech stocks these days as Aussie Broadband grapples with the vagaries of investor appeal.
Read MoreThe slide in Australia house prices accelerated last month in the wake of more bad publicity than you can poke a stick at and four rate rises in a row from the Reserve Bank.
Read MoreA late bounce couldn’t stop July being a poor month for commodities across the board, with crude oil prices falling 6.75% and staples such as wheat and sugar also hit hard, although gas futures soared.
Read MoreThe RBA is widely expected to lift the cash rate by a half a per cent tomorrow, which would see cumulative hikes since May reach 175 basis points – the fastest pace on record.
Read MoreApart from Hong Kong and mainland China, global markets start a new month of trading with July’s performance the monthly best since late 2020. But is it merely a false dawn?
Read MoreA quieter week ahead compared after what we saw and heard last week – not by much, though, with rate rises on the cards, some key data releases and the start of a new month for markets.
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