Fortescue’s third-quarter iron ore production and sales disappoint again
For the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected.
Read MoreFor the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected.
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 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 MoreBrambles (ASX:BXB) shares fell around 7% in an immediate negative reaction to its third-quarter sales update, despite the company showing that it is on track to meet growth guidance for the year to June.
Read MoreSometimes, some investors are not bright, and others do not really read what companies put out to the ASX. Take Northern Star Resources (ASX:NST), which yesterday issued its March quarterly report, and the shares sold off because it supposedly "missed" forecasts.
Read MoreDe Grey Mining (ASX:DEG) is aiming to finalize the detailed terms of its massive $1 billion financing package for its Hemi gold mine project in WA’s Pilbara by the middle of this 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 MoreAir New Zealand (ASX:AIZ) trimmed its annual earnings estimates on Monday, citing cost-of-living pressures leading to softer revenue in domestic travel, as well as more competition on its key North American routes.
Read MoreSouth32's (ASX:S32) Groote Eylandt manganese mining and export operations in the Gulf of Carpentaria look set to remain offline for another year following Cyclone Megan, which devastated the area in mid-March.
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 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 MoreOperationally, Pilbara Minerals (ASX:PLS), the country’s best-performing lithium player, had a solid three months to March 31 at its WA operations, with record mining, production, and sales. Unfortunately, on the pricing and financial side, it was as tough as it will probably get.
Read MoreWoodside Energy (ASX:WDS) has had a slow start to its 2024 financial year, with weak production and product mix resulting in a double-digit drop in revenue for the three months to March.
Read MoreThe Chinese-controlled Yancoal Australia (ASX:YAL) has weathered a near-halving in the price of its main product, thermal coal, in the three months to March and still augmented its substantial cash pile.
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 MoreBHP (ASX:BHP) is confident it is heading for a solid production and sales performance for most of its portfolio by June. The company said on Thursday it remains on track to meet copper, iron ore, and energy coal production for the year.
Read MoreSantos (ASX:STO) saw a 7% drop in its oil and natural gas production in the first quarter of its 2024 financial year after its operations were disrupted by heavy rain and planned maintenance.
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 MoreDespite cutting its interim dividend and reporting a slump in earnings and surge in costs, shares in the Bank of Queensland (ASX:BOQ) still managed a solid 5.1% gain on the day in the wake of the release of its half-year report.
Read MoreThe second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe.
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 More"Steady as she goes," was the reaction from Rio Tinto (ASX:RIO) management to production data that, on the whole, disappointed a little on the downside, especially for copper and somewhat for iron ore.
Read MoreShares in Evolution Mining (ASX:EVN) leapt by 10% on Wednesday as its March quarterly report made it clear that the acquisition of 80% of the Northparkes mine in central western NSW, and the soaring gold price, would produce a surge in earnings, especially in the 2024-25 financial year.
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 MoreBank of Queensland (ASX:BOQ) has cut its interim dividend after reporting a sharp slide in revenue and cash earnings for the six months to February 29.
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