Economic downturn grips major global players in Q4 2023
In the final quarter of 2023, Britain joined Japan and Germany in recession, marking a downturn for three of the world’s top eight economies.
Read MoreIn the final quarter of 2023, Britain joined Japan and Germany in recession, marking a downturn for three of the world’s top eight economies.
Read MoreThe $9.1 billion bid for Altium from Japanese giant Renesas Electronics sent the ASX’s tiny tech sector sharply higher on Thursday.
Read MoreUS stocks climbed for a second day Thursday, helped by lower Treasury yields, as Wall Street clawed back the steep losses suffered earlier in the week.
Read MoreThe technology sector saw a notable surge in stock prices following the announcement of a $9.1 billion takeover bid for Altium, propelling the benchmark S&P/ASX 200 Index to a 0.8% increase, with technology shares specifically soaring by 6.8%.
Read MoreAlbemarle, the world's largest lithium producer, showcased a mixed performance in the final quarter of 2023, revealing a $2.3 billion slide in earnings over the six-month period ending in December. This substantial loss marked a stark contrast to the profits seen in the same period of 2022, painting a somber picture for the company's financial health.
Read MoreThe recent uptick in Australia's unemployment rate to above 4% in January, the first such increase in nearly two years, might seem like cause for concern. However, similar to the previous year, figures can be misleading.
Read MoreIn a move reflective of the challenges facing the global mining sector, South32 (ASX:S32), a prominent player in the industry, has announced a substantial reduction in its interim dividend.
Read MoreIn defiance of prevailing market trends characterized by sluggish retail sales and dwindling profits, Wesfarmers, propelled by the stellar performance of its Kmart retail group comprising Kmart and Target, has announced a commendable uptick in its interim dividend.
Read MoreIn the face of industry-wide concerns and cutbacks, Wesfarmers (ASX:WES) has demonstrated unwavering confidence in its lithium venture, as evidenced by its recent interim results announcement.
Read MoreBHP (ASX:BHP), the global mining juggernaut, finds itself at a crossroads as it grapples with significant challenges in its Western Australian (WA) nickel operations and contends with the aftermath of the Samarco dam collapse.
Read MoreA snapshot of the stocks on the move, featuring Ora Banda Mining (ASX:OBM), Accelerate Resources (ASX:AX8), Altium (ASX:ALU) and Way2VAT (ASX:W2V).
Read MoreIn January, Australian employment saw a modest increase of 500 jobs, while the unemployment rate rose to 4.1 percent from the previous 3.9 percent, contrary to the consensus expectation of 30,000 jobs created and a 4 percent unemployment rate.
Read MoreWhitehaven Coal (ASX:WHC) was somewhat reserved regarding the movement in major financial metrics in its December half-year results press release, issued Thursday morning.
Read MoreWarren Buffett's Berkshire Hathaway has trimmed its renowned investment portfolio to its lowest level in nearly a decade, with only 41 companies remaining after divesting four holdings entirely in the last three months of December.
Read MoreTelstra (ASX:TLS) shareholders will receive a better-than-inflation 5.9% increase in interim dividends to 9 cents per share, despite the telecommunications company acknowledging the need for work on issues within its key NAS (network applications and services) division.
Read MoreThe S&P 500 rose Wednesday as Wall Street tried to claw back some of the steep losses suffered in the previous session.
Read MoreIn a strategic move reflecting its formidable financial position, Barrick Gold, the world's second-largest gold miner, has announced a buyback program worth $US1 billion.
Read MoreIt is, in fact, the third deal if you go back to the Genesis bid for the Leonora-based assets of St Barbara in late 2022 and early 2023 that Silver Lake tried to gazump without success.
Read MoreThe S&P 500 rose Wednesday as Wall Street tried to claw back some of the steep losses suffered in the previous session.
Read MoreThe Australian sharemarket saw a 0.7 per cent decline, with the S&P/ASX 200 index dropping 55.9 points at closing, primarily due to dashed hopes of an immediate rate cut by central banks triggered by a hotter-than-expected United States CPI result.
Read MoreThe Australian sharemarket saw a 0.7 per cent decline, with the S&P/ASX 200 index dropping 55.9 points at closing, primarily due to dashed hopes of an immediate rate cut by central banks triggered by a hotter-than-expected United States CPI result.
Read MoreFletcher Building (ASX:FBU) shares dropped another 7% on Wednesday after hours of confusion about whether it should trade during a market briefing.
Read MoreFund Manager Chris Pedersen discusses global markets, best and worst performers in January, the relation between consumer sentiment and recessions, debt to GDP, HUB24 and The a2 Milk Company.
Read MoreLithium takeover target Azure Minerals (ASX:AZS) has been named as the recipient of the 2024 Craig Oliver Award.
Read MoreThe lithium price rout and associated decline in equities could be an opportunity for the long-struggling junior gold space.
Read MoreWestern Yilgarn Limited (ASX:WYX) General Manager Gavin Rutherford provides an introduction to the company, discussing its highly prospective nickle and platinum group elements tenements in Western Australia.
Read MoreGrainCorp (ASX:GNC) sent shockwaves through the market on Wednesday as its shares plummeted by a staggering 16%.
Read MoreDexus (ASX:DXS), the prominent property giant, finds itself in the red once again, recording a loss exceeding half a billion dollars for the six months leading up to December. This adds to the substantial loss of over $700 million incurred during the financial year ending June 30, 2023.
Read MoreAnother interim dividend for shareholders in Evolution Mining (ASX:EVN) after a modest result for the six months to December, highlighted by the consolidation of its position in the growing central NSW gold and copper province.
Read MoreThe Australian sharemarket declined sharply as global markets reacted negatively to a higher-than-anticipated US Consumer Price Index, leading to fears of delayed Federal Reserve rate cuts.
Read MoreA snapshot of the stocks on the move, featuring St George Mining (ASX:SGQ), Hammer Metals (ASX:HMX) and Bastion Minerals (ASX:BMO).
Read MoreSeven Group Holdings (ASX:SVW), led by Kerry Stokes, has once again demonstrated its resilience in the face of economic fluctuations, announcing record revenue and earnings for the December half-year period. However, in a move reflecting its strategic approach to financial management, Seven Group has opted to maintain its interim dividend at 23 cents per share for the seventh consecutive six-month period.
Read MoreUS stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market.
Read MoreSo much for all the bullish forecasts about the Commonwealth Bank’s (ASX:CBA) interim result. Yes, a cash profit of just over $5 billion was reported, but the underlying data—so beloved by analysts looking for a 'good story'—wasn't pretty.
Read MoreInvestors, especially on Wall Street and later today in Australia, received the rude shock they deserved from the slight fall in US Consumer Price Inflation in January.
Read MoreFletcher Building (ASX:FBU), a prominent player in the construction industry, is poised to resume trading on the Australian Securities Exchange (ASX) at 10 am today, marking the end of a two-day halt initiated after a rapid 6% drop in shares within just 8 minutes.
Read MoreUS stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market.
Read MoreShares of the online employment giant, Seek (ASX:SEK), took a dive of 10% during early trading as investors swiftly expressed disapproval of its interim results reflecting the repercussions of a sluggish labour market.
Read MoreAustralian shares experienced a second consecutive decline, driven by CSL's disappointing outlook, while investors awaited US inflation data for insights into potential Federal Reserve interest rate adjustments.
Read MoreNovonix Limited (ASX:NVX) CEO Dr Chris Burns discusses the significance of the company's binding offtake agreement with Panasonic.
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