The worlds biggest maker of EVs reports slowdown
BYD, the world’s biggest maker of electrified vehicles, didn’t escape the fallout from China’s EV price wars in the first quarter of 2024.
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Apple’s earnings better than anticipated
You know Apple’s board and management understand the trouble the company is in with investors. Why else would it, after a better-than-expected set of figures for the March quarter, boost dividends and announce a record buyback?
Read MoreRobust earnings results drive US markets higher
Strong earnings and softer treasury yields ease investor concerns further, as Megacap Tech stocks lead markets higher.
Read MoreRobust earnings results drive US markets higher
Strong earnings and softer treasury yields ease investor concerns further, as Megacap Tech stocks lead markets higher.
Read MoreMining, Metals and the Circular Economy Conference
"Mining, Metals and the Circular Economy" will take place alongside the International Mining and Resources Conference on 29 & 30 October at the ICC Sydney, bringing together experts and thought leaders in the mining sector for a dynamic exchange of ideas and best practices.
Read MoreBuilding approvals rise in March
Building approvals rose in March, but the trade account saw a larger-than-forecast fall in the size of the goods surplus for the month.
Read MoreAnalysis of TechnologyOne and Smart Parking
Fund Manager Chris Pedersen discusses TechnologyOne, Smart Parking and whether inflation is going back up.
Read MoreASX closes 0.23% higher: Woolies tumbles 4.2%
At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,587, led by gains in the financial sector, as National Australia Bank exceeded analysts' expectations with a $3.55 billion cash profit, while US markets remained mixed following the Federal Reserve's decision to maintain interest rates and Chairman Powell's indication of unlikely further rate hikes.
Read MoreBapcor plunges 30%
The 30%-plus plunge in the Bapcor (ASX:BAP) share price after Thursday’s trading update told the story of why incoming CEO, Paul Dumbrell, recoiled and quit the gig a day before he was due to start on May 1.
Read MoreStocks of the Hour: Krakatoa Resources, Immutep, ABx Group
A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Immutep (ASX:IMM) and ABx Group (ASX:ABX).
Read MoreASX up 0.32% despite concerns of prolonged interest rates in the US
Australian shares showed resilience, edging higher on Thursday morning despite concerns about prolonged higher interest rates, with the S&P/ASX 200 up 0.2%.
Read MoreNAB reports steady results
As forecast by most analysts, it was a "steady as she goes" outcome for the National Australia Bank's (ASX:NAB) 2023-24 half-year, with shareholders to receive a small lift in their interim payout and a larger buyback, despite a well-anticipated dip in earnings.
Read MoreWoolworths sales slows
Woolworths (ASX:WOW) fell even further behind rival Coles in the third quarter, as sales growth in it revenue and profit centre – Australian food (its supermarkets) slowed to 1.5%, less than a third of the sales growth rival Coles reported from its supermarkets reported on Tuesday.
Read MoreHome prices rose 0.6% in Apr – supply shortfall continues to outweigh negative impact of high rates
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices.
Read MoreAlbermarle gets hits by lithium price fall
Albemarle, the world's largest lithium producer, joined rivals in Australia and other countries in being heavily affected by the downturn in world prices for the key battery material.
Read MoreUS markets mixed as Fed opts to hold rates steady
US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor concerns that the Fed was losing control of sticky inflation.
Read MoreUS markets mixed as Fed opts to hold rates steady
US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor concerns that the Fed was losing control of sticky inflation.
Read MoreUS Fed rules out rate hikes
The US Federal Reserve sent a couple of signals to investors with its decision to leave rates steady at its latest meeting this week. The central bank and Chair, Jay Powell, ruled out – for the time being at least – a rate cut and a rate rise – which some excitable economists and analysts had been starting to push (the same here in Australia).
Read MoreBarrick Gold tops earnings estimates for the quarter
Canadian miner Barrick Gold topped earnings estimates for the March quarter, bolstered by a rally in bullion prices during the period.
Read MoreRestaurant Brands New Zealand reports sales boost despite challenges
Restaurant Brands New Zealand (ASX:RBD) withstood a slowdown in Australia and a downturn in its small Californian operation to report a 7.9% boost in sales to NZ$333 million for the three months ended March.
Read MoreChallenges mount for New Zealand’s National Party-led government
No easy gains are left across the Tasman for the newish conservative National Party-led government, with a sharp rise in unemployment, an unwanted pay rise offered, and a surprise opinion poll showing a swing back to the Labour Party, seven months after it lost office.
Read MoreASX drops 1.2% as US labour data came in hotter than expected
On Wednesday, the Australian sharemarket experienced a decline, with the benchmark S&P/ASX 200 Index dropping by 1.2 per cent, or 94.2 points, to 7569.9 points at the close.
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Stocks of the Hour: Adisyn, Bastion Minerals, Anson Resources
A snapshot of the stocks on the move, featuring Adisyn Ltd (ASX:AI1), Bastion Minerals Ltd (ASX:BMO) and Anson Resources Limited (ASX:ASN).
Read MoreWoolies announces sale of over half its holdings in Endeavour Group
Ahead of its third-quarter sales update on Thursday, Woolworths (ASX:WOW) has sprung a surprise by revealing the sale of more than half of its retained holding in the grog, pubs, and pokies group, Endeavour, for $468 million.
Read MoreWill European Central Bank be first major central to cut rates?
The chances rose Tuesday that the European Central Bank will be the first major central bank to cut interest rates, as early as June. This comes after euro area inflation remained unchanged in April at 2.4% (according to the first estimate), and the area returned to economic growth in the three months to March.
Read MoreAmazon results much better than expected
Business media got all excited about the quarterly results from Amazon, which were much better than expected. However, the outlook was weaker than expected for another quarter.
Read MoreApril market recap
For markets, April was like a famous quote from Charles Dickens' A Tale of Two Cities – "it was the best of times, it was the worst of times" – starting with promise, running up, and then taking a crunching in the final days of the month.
Read MoreHot wages data weighs on US markets; Amazon profit more than triples
US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday.
Read MoreHSBC reports significant updates
A newsy Tuesday for the global banking giant HSBC Holdings: it lost a CEO, who is retiring; revealed a dip in earnings for the three months to March 31; announced another $US3 billion in buybacks for the year; and a small rise in its first dividend for 2024.
Read MoreHot wages data weighs on US markets; Amazon profit more than triples
US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday.
Read MoreTurmoil at Bapcor as CEO quits
In an ominous sign, shares in the auto products group Bapcor (ASX:BAP) were halted on Tuesday ahead of a trading update, which is expected to outline sliding sales and profits.
Read MoreASX closes 0.4% higher: Lithium miners rally
Australian shares closed higher on Tuesday, with the S&P/ASX 200 advancing 0.4% to 7664.1 points, supported by gains in lithium miners, while investors exercised caution ahead of the US Federal Reserve's policy meeting for insights into interest rates amidst persistent inflation concerns.
Read MoreColes reports solid results
The March quarter saw a solid performance by Coles Group (ASX:COL), the country’s number 2 supermarket chain behind Woolworths.
Read MoreIGO takes profit hit
Unlike lithium rivals such as Pilbara Minerals and Core Lithium, as well as Albemarle and SQM, Perth-based IGO (ASX:IGO) has not only survived another significant hit from the slump in demand and prices for the key renewable mineral but also endured another miserable period for its other key metal, nickel.
Read MoreAustralian retail sales falls 0.4% in March
Australian retail sales growth vanished when Taylor Swift flew out of Australia at the end of her seven-concert, two-week tour in February. March data from the Australian Bureau of Statistics on Tuesday showed retail turnover fell 0.4% in March after a 0.2% rise in February and a 1% jump in January (which followed a slide the previous December, despite it being Christmas).
Read MoreChina’s economy expands in April
As suspected by foreign economists, activity across the Chinese economy expanded in April, though at a slower rate than seen in March's rebound.
Read MoreASX up 0.21% near noon: Australian retail sales decline 0.4% in March
Australian retail sales unexpectedly declined by 0.4% in March, influenced by high interest rates impacting consumer spending, according to data from the Australian Bureau of Statistics (ABS).
Read MoreStocks of the Hour: Sihayo Gold, Argent Minerals, Oceana Lithium
A snapshot of the stocks on the move, featuring Sihayo Gold (ASX:SIH), Argent Minerals (ASX:ARD) and Oceana Lithium (ASX:OCN).
Read MoreOrigin Energy’s stake in Octopus Energy
Origin Energy’s (ASX:ORG) best investment isn’t in Australia – it's the 23% stake in Britain's Octopus Energy, which is going from strength to strength. In fact, Octopus has just become Britain's largest domestic electricity supplier by customer numbers, after the company added 1.3 million accounts following its takeover of Shell Energy late last year. The performance was a standout bright spot for Origin in its March quarterly report out Tuesday.
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