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Read MoreFortescue’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 MoreNo rate rise expected as inflation picks up
No 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 shares slide despite profit growth
Kogan.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 MoreAnalysis of Telix Pharmaceuticals, Bank of Queensland, MAAS Group Holdings
Fund Manager Chris Pedersen discusses Telix Pharmaceuticals, Bank of Queensland and MAAS Group Holdings.
Read MoreFranklin Templeton launches two ETFs
Felicity Walsh, Managing Director of Franklin Templeton for Australia and New Zealand, discusses the launch of two ETFs on the ASX.
Read MoreStocks of the Hour: Immutep, Western Mines Group, Industrial Minerals
A snapshot of the stocks on the move, featuring Immutep (ASX:IMM; NASDAQ:IMMP), Western Mines Group (ASX:WMG) and Industrial Minerals (ASX:IND).
Read MoreASX up 0.08% near noon: CPI comes in higher than expected
The Australian Bureau of Statistics reported a 1% rise in the consumer price index for the three months through March, exceeding market expectations of a 0.8% increase, while the annual CPI slowed to 3.6% from 4.1%, both figures stronger than anticipated.
Read MoreInside the Star Group’s struggles
In 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 MoreGM’s strong Q1 performance and bullish outlook
In 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 MoreOptimism surrounding Tesla’s performance despite declining profitability
There 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?
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