Salesforce surges 10% on Q3 results and AI progress
Shares in Salesforce (NYSE: CRM) surged more than 10% in after-hours trading following the release of the company's fiscal Q3 2025 earnings report.
Read MoreEconomics
Australian economy slows to 0.3% growth in September quarter
Australia’s economy grew by 0.3% in the September quarter 2024, marking the slowest annual growth rate since late 2020.
Read MoreChina’s ban on gallium, germanium and antimony exports sparks concern
China has announced an export ban to the United States on critical minerals gallium, germanium, and antimony, all of which hold significant military and technological applications.
Read MoreSouth Korea’s martial law declaration
South Korean markets faced a turbulent day after President Yoon Suk Yeol unexpectedly declared martial law, citing threats to the nation’s constitutional order.
Read MoreBlackRock to acquire HPS Investment Partners for US$12bn
BlackRock, the world’s largest asset manager, has agreed to acquire HPS Investment Partners for US$12bn in an all-stock deal, accelerating its expansion into private credit markets.
Read MoreFrench PM braces for no-confidence vote
French Prime Minister Michel Barnier is bracing for a no-confidence vote that could topple his government just months after its formation.
Read MoreExit lane: Carlos Tavares steps down from Stellantis
Carlos Tavares has resigned as the CEO of Stellantis, one of the world’s largest carmakers, following months of tension with the board and significant operational challenges.
Read MoreChips down: Gelsinger resigns from Intel
Intel Corporation (NASDAQ: INTC) announced on Monday the retirement of its CEO, Pat Gelsinger, after a career spanning more than four decades with the company.
Read MoreHome price growth slowed to 0.1% in Nov, Expect further weakness until rate cuts provide boost
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices.
Read MoreMeta’s $10bn “W”
Meta Platforms has announced a US$10bn plan to construct a subsea fibre-optic cable stretching over 40,000km.
Read MoreLufthansa’s ITA deal clears final EU hurdle
The European Commission has given final approval for Lufthansa to acquire a 41% stake in Italy’s ITA Airways.
Read MoreLawsuits and rivalries put OpenAI to the test
Elon Musk’s injunction filing, Canadian publishers taking aim at the company, and ambitious plans for the next phase of growth. Here’s a look at some of the latest OpenAI developments.
Read MoreFirst expected cut in May, RBA reforms risk authority & credibility, Trump tariff bumps, Seasonality
Dr 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 MoreBreaking the monopoly: Google’s antitrust battles
Google is grappling with a list of antitrust challenges in the United States as federal authorities intensify their scrutiny of the tech giant’s business practices.
Read MoreMicrosoft in hot water: FTC Antitrust probe looms
The US Federal Trade Commission (FTC) has initiated a broad antitrust investigation into Microsoft, focusing on the company’s cloud computing, software licensing, artificial intelligence (AI) and cybersecurity offerings.
Read MoreDell’s AI gains can’t offset PC slump as shares plunge 12%
Dell Technologies (NYSE: DELL) posted third-quarter earnings for fiscal 2025 that delivered mixed results. Revenue rose 9.3% year-over-year to US$24.37bn but fell short of analysts' consensus estimates of US$24.66bn.
Read MoreEuropean carmakers rocked by tariff threats
European carmakers faced a turbulent day on Tuesday as shares fell across the sector in response to President-elect Donald Trump’s sweeping tariff announcement, Stellantis revealed plans to close its historic Luton plant, and frustrations emerged over stringent EU emissions mandates.
Read MoreBest Buy misses earnings as cautious consumers tighten budgets
Best Buy (NYSE: BBY) has reported disappointing third-quarter results, citing weakened consumer spending ahead of the US presidential election and macroeconomic uncertainties.
Read MoreReturn of the trade wars: Trump threatens Mexico and Canada with tariffs
President-elect Donald Trump has announced plans to impose significant tariffs on goods from Mexico, Canada, and China immediately upon taking office on 20 January.
Read MoreRussell 2000 hits record high on policy and rate-cut optimism
The Russell 2000 index, which tracks US small-cap companies, reached an all-time high on Monday, buoyed by expectations of tax cuts under a second Donald Trump administration and optimism over further Federal Reserve rate cuts.
Read MoreMacy’s uncovers $154m accounting error
Macy’s (NYSE: M) has delayed its fiscal third-quarter earnings release after discovering that an employee hid between $132m and $154m in delivery expenses over several years.
Read MoreUniCredit throws a curveball with 10.5bn BPM bid
UniCredit (BIT:CRDI) has launched a surprise €10.5bn all-share bid for its domestic rival Banco BPM (BIT:BAMI), sparking political backlash and concerns about the impact on Italy's broader banking strategy.
Read MoreNorthvolt short circuits Europe’s green ambitions
Northvolt, the Swedish battery maker once hailed as a cornerstone of Europe’s electric vehicle (EV) battery production, has filed for Chapter 11 bankruptcy protection in the United States, marking a significant
Read MoreUPS delivers $45m surprise: Accounting package gets returned to sender
UPS (NYSE: UPS) has agreed to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) that it improperly valued its freight business.
Read MoreNvidia delivers record AI results, but Wall Street isn’t impressed
Despite strong performance, Nvidia's stock has fallen, reflecting investor unease over Q4 guidance and rising costs.
Read MoreUK inflation rises to 2.3%, increasing pressure to delay rate cuts
Inflation in the UK surged to 2.3% in October, reversing a downward trend earlier in the year and placing pressure on the Bank of England to delay further interest rate cuts until at least next year.
Read MoreComcast cuts the cord on cable networks with spin-off plan
Comcast Corporation (NASDAQ: CMCSA) is moving forward with a plan to spin off its cable TV networks, including MSNBC, CNBC, USA, E!, Syfy, and Golf Channel.
Read MoreTarget plunges over 18% on earnings miss
Target Corporation (NYSE: TGT) have plummeted in premarket trading after the retailer reported disappointing third-quarter earnings and reduced its full-year guidance.
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Putin’s nuclear warning rattles European markets
European stocks declined on Tuesday as geopolitical tensions spiked following President Vladimir Putin’s revision of Russia’s nuclear doctrine in response to Ukraine’s use of US-made long-range missiles.
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Trump 2.0: Why investors should expect a somewhat rougher ride, but it may not be as bad as feared
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses what to expect under Trump.
Read More230,000 new investors join crypto craze
Bitcoin has soared past the US$90,000 mark, driven by a combination of political and economic factors following Donald Trump’s presidential election win on 5 November.
Read MoreWarner Discovery rebounds with new NBA settlement
Warner Bros Discovery has reached a settlement with the NBA, resolving a legal dispute over TV rights and securing an 11-year agreement to retain its presence in professional basketball, albeit with reduced domestic broadcasting privileges.
Read MoreLithium supply chain dreams short-circuited
Kent Masters, the CEO of Albermarle, the world’s largest lithium producer, has voiced concerns that pivoting away from China for critical mineral supply chains in North America and Europe is economically unfeasible under current market conditions.
Read MoreTrump bump wobbles, US inflation scare?, US shares offer no risk premium over bonds, RBA, Wages
Dr 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 MoreCharging down: Trump team to scrap tax credit – with Tesla’s support
President-elect Donald Trump’s transition team is planning to eliminate the $7,500 federal tax credit for electric vehicle (EV) purchases, a move that could hinder EV adoption across the United States.
Read MoreChina makes waves with offshore solar project
China has taken a step forward in renewable energy, launching the world's first gigawatt-scale offshore solar photovoltaic project.
Read MoreCbus faces Senate grilling
Cbus Super CEO Kristian Fok is set to appear before the Senate Economics References Committee today in relation to a range of matters, including ASIC’s latest allegations of failed insurance claim handling.
Read MoreWeight loss drugs, supercomputers, sovereign AI and Denmark
Denmark is at the forefront of integrating artificial intelligence within structured regulation, recently launching a new AI supercomputer.
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