JB Hi-Fi reports sluggish growth
Australian consumer electronics giant JB Hi-Fi (ASX:JBH) has reported sluggish growth, following Super Retail Group's earlier announcement of a stable but unremarkable start to the 2023-24 trading year.
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Coles falls short of Woolies
Coles (ASX:COL) fell short of matching the September quarter sales performance of its bigger supermarket rival, Woolworths.
Read MoreMeta & IBM the latest to report Q3 results
The S&P 500 closed below a key level on Wednesday. The benchmark index fell 1.4%, ending the day below the 4,200 level that was being widely watched by chart analysts. It was the first time the S&P 500 closed below this threshold since May.
Read MoreCanadian-listed Golden Horse saddles up for run on ASX
The ASX is proving fertile ground for Canadian-listed miners and explorers who believe they will be more appreciated by local investors than if they had remained listed solely on the Toronto Stock Exchange.
Read MoreRestaurant Brands New Zealand looking to boost sales
Restaurant Brands New Zealand (ASX:RBD) is looking to boost annual sales to the $NZ1.3 billion mark by the end of this year after revealing a solid but unspectacular performance in the third quarter.
Read MoreMichelle Bullock faces tough decision
New Reserve Bank Governor, Michelle Bullock, is on a 'hiding to nothing' at next Tuesday's policy meeting of the central bank after the latest consumer price data produced a mixed result.
Read MoreExtending the lives of patients with brain cancer
Chimeric Therapeutics Limited (ASX:CHM) CEO and Managing Director Jennifer Chow discusses efficacy results for the company's glioblastoma therapy.
Read MoreGraphite stocks surge
Australian graphite stocks have experienced a significant surge after China's recent announcement of export controls on one of the crucial battery minerals essential for electric vehicles.
Read MoreUS bond market traders’ surprising turnaround amid yield paranoia
US bond market traders don't seem to have the courage of their collective paranoia about yields. After filling reams of paper, the airwaves of TV business shows, and online commentaries with dire predictions about what would happen when US 10-year bond yields breached the 'psychologically important' 5% level, they turned around and bought heavily, driving the yield sharply lower by the close of trading on Monday.
Read MoreSouth32 confirms 2023-24 production guidance
South32 (ASX:S32) may have reaffirmed its 2023-24 production guidance, despite an 18% drop in coking coal production in the first quarter. However, this confidence has not deterred the miner from initiating cost-cutting measures.
Read MoreACCC wins battle as Qantas cancels $611 million takeover
The Australian Competition and Consumer Commission (ACCC) has scored a significant victory over Qantas as the airline called off its $611 million takeover of the smaller rival fly-in, fly-out operator, Alliance Aviation Services.
Read MoreStandard Lithium advances US lithium production project
Standard Lithium Ltd. (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading player in the near-commercial lithium sector, has taken a significant step forward in its quest to revolutionise US lithium production.
Read MoreNetflix surpasses expectations with surge in subscribers
Netflix has once again defied gloomy analysts and investors by revealing a surge in subscriber numbers, thanks to the introduction of the ad-supported cheaper streaming option. The company also confirmed that price hikes are imminent.
Read MoreGold reaches 11-week high amidst Middle East tensions
Amidst growing tensions in the Middle East, safe-haven buying drove gold to an 11-week high on Wednesday, with the front-month Comex futures price nearing the $2,000 an ounce mark.
Read MoreWhitehaven’s funding strategy
Whitehaven Coal (ASX:WHC) plans to acquire two Queensland coking coal mines from BHP and Mitsubishi, opting for a traditional layaway plan over modern equity/debt packages preferred by banks and corporate advisers.
Read MoreChina’s average September economic performance
If China's economic performance in September and the September quarter were a school report card, it would have earned a bare pass mark of 50%, with the comment "Should be doing better."
Read MoreUS Department of Commerce aims to restrict sales of AI chips
Nvidia has found itself in the crosshairs of expanded U.S. export controls on artificial intelligence (AI) semiconductor chips destined for China. This move by U.S. regulators could have significant implications for the company, which derives nearly one-fifth of its revenue from Chinese sales, according to its latest quarterly earnings report.
Read MoreOzempic shorts challenge ASX blue-chips
Ozempic, the miracle drug initially designed to combat diabetes but now renowned for its effectiveness as a weight-loss treatment, is sending shockwaves through the ASX as short sellers bet heavily against its potential impact on market valuations.
Read MoreRio Tinto’s 2024 iron ore shipment forecast and production update
In its first estimate for 2024, Rio Tinto (ASX:RIO) has surprised by forecasting only a marginal rise, at best, in iron ore shipments over 2023. However, Rio also said that its shipments will only be maintained at this very high level by availability and shipments of its lower-grade ores (called SP10).
Read MoreAustralian banks pass rigorous stress test by APRA
Australia's major banks have successfully navigated the latest stress test conducted by the Australian Prudential Regulatory Authority (APRA).
Read MoreAirlines’ boom turns to bust as fuel prices soar
In the year leading up to June, Qantas (ASX:QAN), Virgin, and Air New Zealand (ASX:AIZ) all enjoyed a boom, with soaring business, revenues, and earnings as international and domestic travel rebounded. However, the surge in oil and fuel prices has since dimmed their 2022-23 performance.
Read MoreExxon’s shale deal ignites oil merger wave, including Australian interests in the Beetaloo Basin
Exxon Mobil's monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is poised to herald a new era of transformative takeovers within the industry.
Read MoreTabcorp’s revenue woes predict weak racing seasons
High-interest rates, rising mortgage costs, and inflation have combined to take a significant toll on the gaming market, foreshadowing weak racing seasons in Sydney and Melbourne over the next month. This comes after Tabcorp surprised investors with a rare trading update that revealed a decline in revenues across its divisions during the first three months of the new financial year.
Read MoreLiontown extends Albemarle’s due diligence
Liontown Resources has granted US lithium giant Albemarle an additional seven days to finalise its proposed $3 per share bid, as Gina Rinehart's Hancock Resources secures a 19.9% stake.
Read MoreChina’s new energy vehicle sales soar, boosting demand for battery metals
Thanks to ongoing subsidies, China's new energy vehicle (NEV) sales reached another record high in September, surpassing the previous month's peak.
Read MoreBirkenstock successfully launches IPO at $US46 per share
German footwear giant Birkenstock and its private equity owner, L Catterton, have successfully completed their IPO, pricing shares at $US46 each, firmly positioning the iconic sandal maker on the American stock market. This move marks the fourth significant test of the US IPO market this month and underscores the strong investor appetite for new opportunities.
Read MoreOil prices slide amidst Middle East tensions
Oil prices experienced a significant decline of more than $1 a barrel on Tuesday, extending a downward trend that began earlier in the day.
Read More1987 vs now – rising bond yields (& war in Israel) and the risks for shares
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses shares and bonds.
Read MoreAussie economy resilient
In September, the Australian economy exhibited increased resilience, with the quarter ending despite signs of weakening price and labor cost pressures, as reported in the latest national business survey by the National Australia Bank (ASX:NAB).
Read MoreGood early progress at Gwalia
Genesis Minerals (ASX:GMD) acquired the Leonora assets, primarily the Gwalia mine, from St Barbara in July after a months-long takeover process. The contribution for the September quarter marks the acquisition's initial impact.
Read MoreNewcrest shareholders to receive $1.58 per share in Newmont takeover
Shareholders in Newcrest Mining (ASX:NCM) will receive a fully franked special dividend of US$1.10 ($A1.58) per share as part of the takeover deal with Newmont.
Read MoreGlobal lithium prices decline despite strong battery-powered vehicle sales
Despite ongoing record sales of battery-powered vehicles in China, the US, and Europe, lithium prices continue to slide globally due to falling prices and excess supply in China.
Read MoreFortescue invests in green hydrogen unicorn
Twiggy Forrest's Fortescue has confirmed its involvement as one of the lead investors in the US start-up Electric Hydrogen's Series C funding round.
Read MoreUS 10-year bond yields reach 16-year high at 4.80%
On Tuesday, US 10-year bond yields surged to 4.80%, marking a new 16-year high. Investors, both large and small, were gripped by worry over rising interest rates, increasing inflation, and Federal Reserve actions, according to market reports.
Read MoreRBA left cash rate at 4.1%, We think cash rate likely peaked, but 40% chance of one more hike
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate.
Read MoreNewmark Property REIT (ASX:NPR) discusses FY23 results
Chris Langford, Managing Director of Newmark Property REIT (ASX:NPR), discusses FY23 results and acquisitions.
Read MoreGold’s decline amid market panic
Gold continues to be the chief victim of market panic about rates and the Fed's "higher for longer" policy approach.
Read MoreInterest rate challenges for US small and mid-sized stocks
The Federal Reserve's commitment to maintaining higher borrowing costs for an extended period threatens the fragile balance sheets of smaller enterprises.
Read MoreChariot Corporation discusses US lithium mining opportunities and expansion plans
Shanthar Pathmanathan, CEO and founder of Chariot Corporation (ASX:CC9) discusses US lithium mining opportunities and expansion plans.
Read MoreChariot Corporation making waves in US lithium market
Chariot Corporation, soon to be ASX-listed next month, is making waves in the US lithium market.
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