Snap, Crackle and Pop
Snap shares plunged 30% at one stage in after-hours trading after revealing a reasonably solid set of September quarter numbers, as one major negative sparked concerns about social media companies.
Read MoreSnap shares plunged 30% at one stage in after-hours trading after revealing a reasonably solid set of September quarter numbers, as one major negative sparked concerns about social media companies.
Read MoreFears seem to be growing in Chinese government circles about the fate of China Evergrande, with sentiment not helped by a couple of smaller listed developers revealing worrying debts and losses as well.
Read MoreWith global oil and LNG prices surging in the Sep quarter, no surprise the country’s two leading independent producers – Woodside and Santos – reported big jumps in revenue and earnings.
Read MoreThe steel business continues to buoy the earnings of BlueScope, with higher demand on both sides of the Pacific – Australia and the US – leading to an increase in the company’s December half forecast.
Read MoreJust a week after revealing a huge South American copper move valued at $2.8 billion, South32 revealed a 15% slide in hard coking coal production – mostly at its mines south of Sydney.
Read MoreLike Netflix the day before, Tesla has surprised by topping market forecasts in yet another sign that America’s megatechs are doing well, thank you.
Read MoreRio Tinto has announced that it will triple its climate ambitions by aiming to cut slash emissions by 50% by 2030 at a cost of at least $US7.5 billion (more than $A10 billion) over the next eight years.
Read MoreUnlike a year ago when it was clear retailing was doing very well in the rebound from the first wave of the pandemic (especially online during the shutdown), this time around it’s a very mixed bag.
Read MoreDespite revealing that it is selling more international tickets than domestic ones for the first time since the start of the pandemic, Flight Centre saw 4% carved off its share price in Wednesday’s trading session.
Read MoreThings are bubbling along quite nicely for two local resource companies, with Oz Minerals lifting its full-year guidance and Evolution Mining beating expectations on both an earnings and cost basis.
Read MoreMore problems at the worst time for the Chinese property sector, financial system and wider economy with no growth in house prices in September for the first month in more than a year.
Read MoreA day after would-be Canadian nickel miner Noront Resources chose the higher offer 70 cents a share (Canadian) from Andrew Forrest’s Wyloo Metals, BHP has hit back with a higher offer of its own.
Read MoreOnline retailer Kogan seems to have used some old-fashioned bricks and mortar retailing skills to slash the size of its stocks of unsold goods.
Read MoreHelped by record viewing numbers across the platform for South Korean sensation Squid Game, Netflix added an above-estimate 4.36 million
new subscribers in the September quarter,
BHP has joined rival Rio Tinto in revealing a weak performance in its core Australian iron ore export operation in the Pilbara, failing to match last year’s output for the third consecutive quarter.
Read MoreShareholders in gambling giant Tabcorp face a bill in the hundreds of millions of dollars for the company’s management’s desire to demerge its lotteries and Keno businesses from wagering and media.
Read MoreMultinational logistics group Brambles has warned that supply chain issues across its global businesses could potentially hit its earnings forecasts for the current financial year.
Read MoreShareholders in casino operator Star Entertainment Group will again go without while the company continues to trade with its financiers, with the 2021-22 interim dividend withheld.
Read MoreHomeCo Daily Needs (HDN) real estate investment trust (REIT) is set to become a $3.2 billion operation under a proposed takeover of rival Aventus that values them at $3.82 per share.
Read MorePoker machine and technology group Aristocrat Leisure is asking shareholders for $1.3 billion to help fund a massive $5 billion purchase of UK-listed global gambling software group Playtech.
Read MoreMore upbeat news from retailing with emerging online furniture and homewares operator Temple & Webster again confirming that the Covid lockdown has been very good for business.
Read MoreChina’s economy turned ugly in the three months to September as growth weakened sharply, only serving to magnify concerns about problematic sectors such as steel and property.
Read MoreGPT is continuing its shift away from CBS office towers and destination shopping malls, expanding its push deeper into logistics to $4.1 billion.
Read MoreDespite plenty of important economic data coming out this week, it will be the further easing of restrictions, as well the finalisation of the Morrison government’s carbon reduction policy, that will be front and centre.
Read MoreA big day today for the Chinese economy and its growth path into 2022, with the release of key economic growth figures, plus investment, retail sales and industrial production data.
Read MoreInvestors last week renewed their love affair with copper after several months of indifference, with most other commodities – iron ore being the main exception – coming along for the ride.
Read MoreWill this week see a continuation of Friday, when shares surged globally for what turned out to be the best day in five months to finish off a strong week for most markets and commodities?
Read MoreAfter the solid, bank-dominated start to the US third quarter earnings season last week, there’s a more testing set of releases this week with figures from Netflix and Tesla, among others.
Read MoreLike copper, the surge in renewables is changing demand for nickel for the better, with global primary nickel demand forecast to be 25% higher by the end of 2022 than it was in 2020.
Read MoreWeek one of the US third quarter reporting season and a series of solid results from major banks seem to be setting it up for a better-than-expected outcome, with some big names up next.
Read MoreFor all those stubbornly optimistic investors, analysts and company executives still looking for a solid year for the huge (and usually hungry) Chinese steel industry – think again.
Read MoreInsurance Australia Group faces legal action from corporate regulator ASIC over claims it failed to honour discount promises made to nearly 600,000 customers of its NRMA Insurance.
Read MoreCitigroup says its September quarter result would have been much better but for the pre-tax loss taken on quitting its Australian consumer business to the National Australia Bank.
Read MoreWhitehaven Coal told the market on Thursday that it expects to be debt-free within six months as a global energy crisis drives prices for its thermal coal to record levels above $US250 a tonne.
Read MoreSouth32 has followed Sandfire Resources and Newcrest in committing to a copper-led future with a $A2.8 billion plunge into the Chilean copper industry where it will join its former parent, BHP.
Read MoreRBA deputy governor Guy Debelle told a finance conference yesterday that climate change was a “first-order risk” to the system, with broad-ranging impacts on Australia including households and businesses.
Read MoreOnce again the pandemic, lockdowns and one-off government payments to those without work have made the monthly labour force report an inaccurate picture of just what is happening to jobs.
Read MoreDespite all the naysayers in 2020, after 17 months Australia has regained a AAA credit rating with a stable outlook from all three major ratings groups – S&P Global, Moody’s and Fitch.
Read MoreWorld copper prices were given a sharp boost on Wednesday after China’s September trade data revealed a rise in metal imports in the month – the first rise for five months.
Read MoreDespite a solid result and higher dividend, Bank of Queensland shares led the bank sector lower as investors sold on a warning of pressure on profit and interest margins in the coming year.
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