Elon Musk aims to nearly double stake in Tesla
Elon Musk wants more control over Tesla—25% to be exact, which is nearly double his current holding.
Read MoreElon Musk wants more control over Tesla—25% to be exact, which is nearly double his current holding.
Read MoreChinese Premier Li Qiang had already revealed China's official GDP growth rate for 2023 – 5.2% – during the Davos talkfest in Switzerland on Tuesday, a day before the country's National Bureau of Statistics was set to release the official data on Wednesday.
Read MoreThe recent COP28 conference held in Dubai, being colloquially referred to as the Nuclear COP, was the first of the regular series of events held by the United Nations where the nuclear industry was welcomed with open arms as a critical factor in achieving global net zero.
Read MoreThe 6th US major to report, Morgan Stanley, produced its figures on Tuesday as well. For the quarter ended December 31, 2023, it reported revenue of $US12.9 billion, above Wall Street estimates of $US12.7 billion.
Read MoreIn 2024, the market hasn't opened as enthusiastically as it finished 2023. Initially bullish and eager for the Federal Reserve's pivot towards potential interest rate cuts, the outlook has since become more restrained due to mixed data and pushback from Fed members.
Read MoreGoldman Sachs has reported its lowest annual profits in four years, as losses caused by its pullback from retail banking compounded a slowdown in its core business.
Read MoreBYD's export expansion continues, with the company revealing that its first potentially fleet of car carriers started its maiden voyage on Monday from Yantai Port in Shandong and Xiaomo Port in Shenzhen.
Read MoreCanada's First Quantum Minerals has announced significant cuts in its operations and spending as it grapples with the aftermath of losing its $US10 billion Cobre Panama copper mine due to a combination of government and court decisions.
Read MoreFirst Quantum Minerals halts Ravensthorpe nickel operation due to weak prices, adding to financial woes after $10B copper mine loss in Panama.
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.
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