Vale’s net earnings down 9%
Brazilian iron ore and base metal giant Vale saw net earnings slip 9% in the three months to March 31.
Read MoreBrazilian iron ore and base metal giant Vale saw net earnings slip 9% in the three months to March 31.
Read MoreBoeing lost hundreds of millions of dollars and used up $US3.9 billion in cash in the March quarter. Revenue fell nearly 8% from a year ago as the company continues to struggle to overcome ongoing problems in its core business – commercial aircraft.
Read MoreIn the wake of the weaker-than-expected first estimate of US economic growth, it seems US interest rates aren’t going lower for a while longer—perhaps past November’s elections—unless there is a sudden slump in activity between now and then.
Read MoreAlphabet (Google) has transitioned into the sphere of mundane industrials, aligning itself with the likes of Apple and Meta by initiating dividend payments.
Read MoreThe Mag Seven megatech story took a hit as a weak revenue forecast from Meta Platforms caused shares to plunge 16% in after-hours trading on Wednesday, dragging other shares down with them.
Read MoreNo rate rise is expected from the Reserve Bank for most of this year after inflation picked up in the three months to March 31, thanks to another surge in housing costs and the usual start-of-year jump in education-related charges.
Read MoreKogan.com (ASX:KGN) shares slumped 26% on Wednesday after it revealed a surprise 6% decline in gross sales to $178.3 million and a 2% drop in revenue to $105.9 million for the March quarter.
Read MoreFund Manager Chris Pedersen discusses Telix Pharmaceuticals, Bank of Queensland and MAAS Group Holdings.
Read MoreIn the latest session of the ongoing inquiry probing the Star Group's suitability to hold a casino license, alarming revelations surfaced, painting a bleak picture of the company's current state under existing management and board.
Read MoreIn stark contrast to Tesla’s poor performance, rival carmaker General Motors rode the back of its traditional ICE-powered cars (internal combustion engine) to better-than-forecast revenue and profits in the March quarter and gave a strong hint that it expects to start seeing profits from its EV business late this year.
Read MoreThere are some overly optimistic investors in the US—why else would they boost the share price of EV pioneer Tesla after the company reported its worst quarterly performance in more than a decade, revealing a more than halving in profitability in the first three months of the year?
Read MoreBoth Moody’s and Fitch have put China on a negative outlook for its credit rating. S&P Global has taken a different stance, suggesting that the country’s fiscal stimulus is running out of steam and might need to be topped up.
Read MoreFriday, it was equities that sold off on higher risk, even though there were signs the Israelis had not really retaliated against Iran. Despite that, gold was boosted by a bit of safe-haven buying.
Read MoreThe US first-quarter reporting season accelerates. Up to Friday, 14 companies in the S&P 500 had reported so far, and this week they will be joined by another 158 (or more than 30% of the index), as well as 11 of the 30 companies in the Dow.
Read MoreAs markets realized that Israel's retaliatory attack on Iran caused little damage, gold lost its early momentum but still managed to hang on to the small gain that left it closing above $US2,400 an ounce on Friday.
Read MoreIron ore prices eased on Friday but still ended the week with a small gain, marking a notable uptrend for April.
Read MoreLike gold, oil ran up and then down as the news of the Israeli reply to Iran’s attack earlier in the week waxed and waned in terms of tensions.
Read MoreOne of those weeks (there are four of them) when the most accurate consumer price inflation data comes around—a sure generator of a lot of words, forecasts, and guesses.
Read MoreInflation dominates market thinking again this week, along with the first estimate of US March quarter economic growth. There are also events in the Middle East for investors to continue to worry about, while earnings interest turns to four of the Magnificent Seven – well, three, if you exclude a tanking Tesla.
Read MoreThe US first-quarter reporting season accelerates. Up to Friday, 14 companies in the S&P 500 had reported so far, and this week they will be joined by another 158 (or more than 30% of the index), as well as 11 of the 30 companies in the Dow.
Read MoreNasdaq suffered its sixth straight losing day on Friday, the longest downtrend in more than a year. Tech giants like Nvidia and the much-diminished Tesla slid.
Read MoreDr 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.
Read MoreNetflix created another fuss this week with its decision to abandon regular updates on subscriber numbers and revenue data, in what is looking more like an admission that it has reached what some analysts might call “Peak Netflix”.
Read MoreBHP (ASX:BHP) increasingly loves copper, especially in South Australia, where it took a $9.6 billion punt in 2022-23 by purchasing OZ Minerals, a move that is now paying off in spades. Copper is pouring out of the company’s three mines in South Australia, led by Olympic Dam, arriving just in time to catch the recent rebound in prices to a 16-month high earlier this month of $US4.4385 a pound on Thursday. These are the highest copper prices since May 2022, in the wake of the Russian invasion of Ukraine.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreIn collaboration with Marketech, their new, free, award-winning Focus platform now comes embedded with all the ShareCafe, Finance News Network and Corporate Connect content.
Read MoreTesla shares fell to their lowest level in more than a year on Thursday as shareholder unease grows about plans to try to reinstate Elon Musk’s multi-billion share deal, move the company’s domicile to Texas, and abandon a cheap EV (Tesla 2) for the questionable robotaxi idea.
Read MoreEven after another surge in subscriber numbers, revenue, and earnings, Netflix shares fell 4% in after-hours trading as the streaming video giant all but thumbed its nose at Wall Street analysts and their followers.
Read MoreFor yet another quarter, the world's second-biggest gold miner has missed forecasts and forecasted an inflation-topping jump in costs for both gold and copper.
Read MoreYeehaw! Big global investors are at their most confident since January 2022, according to the latest monthly survey from Bank of America. Yet, judging by the changing sentiment on Wall Street, this ebullience may be misplaced.
Read MoreThe correlation between risk and returns is widely accepted. Historically, smaller companies have often outperformed larger ones over extended periods, a principle deeply embedded in investment theory and practice. However, recent market data has cast doubt on this conventional wisdom.
Read MoreRetail investors have been flocking to relatively new spot Bitcoin exchange-traded funds, yet they seem to be overlooking gold funds, despite the yellow metal consistently hitting new highs and outperforming Bitcoin over the past month.
Read MoreMajor commodity prices slumped Wednesday across the board — all except for copper and iron ore — as the realities of US monetary policy hit home.
Read MoreNo wonder the Reserve Bank of New Zealand left its Official Cash Rate steady last week — the latest consumer inflation data shows that while easing, cost pressures continue to persist, as in Australia and the US.
Read MoreFed chair Jay Powell made it clear at a function on Tuesday that the central bank is still waiting for signs that US inflation is on the way down, as it was for most of 2023. Investors, analysts, economists, and anyone else with a view are starting to understand that this means "no rate cut."
Read MoreDespite a fairly solid Chinese crude steel production figure for March, iron ore prices slid 2.3% in Singapore on Tuesday as uncertainty about the real health of the Chinese economy took hold.
Read MoreChina’s gross domestic product grew 5.3% in the first quarter from the same period in 2023, surpassing conservative forecasts of around 4.6% to 5%. However, it was only marginally ahead of the 5.2% rate recorded in the final quarter of 2023.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses Israel/Iran fears and the rate cut uncertainty.
Read MoreIron ore prices continued rising on Monday despite another (small) rise in portside stocks at China’s top 45 ports last week.
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