Tesla’s challenges
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The negative forces impacting the EV sector intensified last week, with Tesla unveiling another round of start-of-the-year price cuts in the fiercely competitive Chinese market.
Read MoreThe negative forces impacting the EV sector intensified last week, with Tesla unveiling another round of start-of-the-year price cuts in the fiercely competitive Chinese market.
Read MoreMicrosoft reclaimed its position as the world's most valuable publicly traded company on Friday, surpassing Apple at the market close. This marked a shift in their ongoing competition, as Microsoft previously held the top spot in market cap a decade ago and in 2018, 2019, and 2020.
Read MoreThe first significant earnings report cards from the end of 2023 for four of America’s six biggest banks mirrored the economy itself—resilient in places, weak in others, and marked by a big red warning flag.
Read MoreThis week, we'll witness key events, including US consumer spending and China's release of its 2023 GDP data. In Australia, market attention will focus on job data, while Princess Mary's ascent to Queen of Denmark holds more significance for Australians than the Davos talkfest.
Read MoreU.S. markets observed a trading holiday on Monday due to the Martin Luther King public holiday, leading investors to exercise caution on Friday.
Read MoreCrude prices experienced a notable upswing driven by heightened concerns over potential disruptions to the oil supply chain, following the vow of fierce retaliation by Yemen's Houthi rebels against recent US and UK airstrikes. Additional strikes occurred over the weekend, intensifying market anxieties.
Read MoreA lot of publicity this month surrounds China's BYD topping Tesla in the global new energy vehicle stakes in the final quarter of 2023. However, what was not widely discussed is the intriguing success story of Elon Musk's company in the world's toughest car market.
Read MoreBuried beneath the attention focused on the US Consumer Price Index release and Middle East events, a low-tier weekly figure highlights the enduring strength of the American job market, despite 11 rate hikes in 21 months.
Read MoreMicrosoft briefly usurped Apple to become the world's most valuable public company on Thursday. However, the iPhone maker recovered ground to end the session still just ahead.
Read MoreA timely reminder to markets: don't get too ahead of reality when it comes to US inflation. December's Consumer Price Index (CPI) revealed a higher-than-forecast reading.
Read MoreIn a major development for the cryptocurrency market, Bitcoin surged past $47,000, and Ethereum jumped over 10% in value after receiving regulatory approval from the United States Securities and Exchange Commission (SEC) to launch spot bitcoin exchange-traded funds (ETFs). This decision is expected to unlock billions of dollars in inflows into the world's largest digital currency.
Read MoreBerkshire Hathaway's annual meeting is scheduled for May 4 in Omaha, Nebraska, and it promises to be a historic event due to the absence of Charlie Munger, the company's long-time vice chair and friend of Warren Buffett. This year, Buffett will take the stage alone.
Read MoreIn November, inflationary pressures eased, as indicated by the monthly CPI data from the Australian Bureau of Statistics. However, for investors and economists seeking signs of a weakening labor market, the latest job vacancies data tells a different story.
Read MoreA significant policy shift by the Reserve Bank has gone unnoticed amid the fuss about inflation at the beginning of the year.
Read MoreFund Manager Chris Pedersen discusses Santos, Platinum Asset Management, Pirelli and Link Administration Holdings.
Read MoreInflation eased in December, ending 2023 at 4.3%, according to the monthly indicator from the Australian Bureau of Statistics on Wednesday.
Read MoreDespite two major earthquakes, typhoons, floods, and storms in New Zealand, the United States, and Europe, 2023 turned out to be a relatively 'good' year for the world's insurers, with losses and costs not too far from 2022.
Read MoreSaudi Arabia and Russia's worst nightmares have just worsened: the US is now projected to become an even bigger producer and exporter of oil and gas over the next two years.
Read MoreSometimes, you wonder if bodies like the World Bank are in touch with reality. There it was on Tuesday, in its first report on prospects for global growth this year and next, moaning about weak levels of growth and lost opportunities over the past five years.
Read MoreIf the 2022 experience is any indication, the impact from the surge in retail sales in November, due to the 'Black Friday' sales event held by many chains and stores, will prove to be a temporary benefit.
Read MoreOn Sunday night, Saudi Arabia admitted defeat in its attempt to maintain high world oil prices. They acknowledged being bested by the realities of the oil markets and consequently cut prices to their lowest point in over two years.
Read MoreAudacy, the second-largest US radio broadcaster, has been forced to seek Chapter 11 bankruptcy protection to slash its debt by 80% and survive a slump in advertising and other revenues.
Read MoreOver the Christmas-New Year break, several analysts and banks displayed eagerness to return to or boost small investments in the Chinese stock markets.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses key takeaways from 2023, predictions and strategies for 2024, and the rise of Bitcoin within the market.
Read MoreIn the early days of this year, short sellers have turned their attention towards lithium companies, making them some of the most heavily bet-against stocks in the sharemarket. This shift comes as prices for the crucial battery metal experience a decline, raising concerns about the sustainability and capitalization of some companies in the industry.
Read MoreWestern nations have found themselves in a precarious situation following China's recent bans on the exports of specific rare earth technologies, intensifying the urgency to develop alternative sources in Australia, according to Australia's Resources Minister, Madeleine King.
Read MoreOne way or another, the next month or so could very well set the tone for the first half of 2024. Will it be a continuation of the rosy belief that the Fed's interest rate pivot remains in place, or will it bring uncertainty and choppiness, as seen in the first trading week of the new year?
Read MoreIn 2023, record gold prices surged twice within the year, driven by various global factors.
Read MoreThe first week of 2024 was less than favourable for Apple as its shares dropped by nearly 6% in a shortened trading week (due to New Year). The world's largest company by market value is bracing for more uncertainty in the immediate future.
Read MoreBig American oil companies are merging to enhance commercial security, protect safety margins, and reduce costs. Now, they are joined by major gas players as US natural gas companies Chesapeake Energy and Southwestern Energy near a $US17 billion merger.
Read MoreReal wages ended the year with a modest increase, raising concerns for the central bank and the possibility of keeping interest rates higher for a longer duration.
Read MoreRecent technological advancements have fuelled speculation about AI's potential to reshape various aspects of society, including the economy.
Read MoreThe growing demand for lithium-ion batteries raises concerns about the sustainability of lithium mining, prompting researchers to explore alternative technologies.
Read MoreGoldman Sachs Asset Management has released its highly anticipated 2024 outlook report, entitled "Embracing New Realities".
Read MoreLithium carbonate prices in China, the world's largest consumer and producer of the chemical used in batteries, are poised to plummet by more than 30 per cent in 2024, according to analysts.
Read MoreAustralia's impressive growth in residential rooftop solar installations has established the nation as a global leader in renewable energy adoption. However, it has also given rise to a pressing challenge: solar waste.
Read MoreNuclear power has come a long way since its inception in the 1950s. Here is an overview of nuclear power around the world.
Read MoreIt has been a challenging year for investment banking in 2023, marked by a decrease in deal volume and several high-profile transactions failing to materialise.
Read MoreAs we approach the end of 2023, it's time to take stock of the year that was and look ahead to what the future holds for the Australian sharemarket in 2024.
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