Alphabet shares surge after Google’s parent posts better-than-expected earnings and announces its first cash dividend, Microsoft posts 31% quarterly growth in Azure cloud-computing revenue, and Exxon Mobil’s earnings miss estimates.
Amazon stock shares are up a whopping 76% in the past year, as of May 6. What's more, the company reported strong first quarter earnings on April 30, with operating income of $15.3 billion, according...
The Reserve Bank of Australia (RBA) has kept the cash rate on hold at a 12-year high of 4.35 per cent.
(Reuters) -ANZ Group on Tuesday unveiled a new A$2 billion ($1.32 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its concerns about challenges in Australian and global economies. Cash profit fell 7% to A$3.55 billion ($2.35 billion) for the six months ended March 31, only slightly above a Visible Alpha consensus estimate, compiled by UBS, of A$3.54 billion. "Both the domestic and international environments are expected to remain challenging across the remainder of the year," ANZ CEO Shayne Elliott said.
BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39 billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place. Anglo American owns 78.6% of Amplats and 69.7% of Kumba.
The company now expects full-year 2024 revenue to be between $1.94 billion and $1.99 billion, compared with its previous forecast of $1.88 billion to $1.94 billion. Axon is the leading maker of police body cameras in the U.S. and supplies drones to law enforcement agencies in North America, Europe and Australia. It expects adjusted core profit in the range of $430 million to $445 million, up from its previous forecast range of $410 million to $430 million.
Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S. Securities and Exchange Commission (SEC) charged the accounting firm with "massive fraud" on Friday. Trump Media & Technology Group said in a filing with the SEC on Monday that it had switched to Semple, Marchal & Cooper on Saturday. The change was recommended and approved by the company's audit committee.
(Bloomberg) -- Instacart is partnering with Uber Technologies Inc. to offer restaurant delivery through the Instacart app — taking on the top US food delivery app, DoorDash Inc.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case TrialEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsApple Revamps iPads With AI-Focused Pro Model, Bigger AirInstacart users in the US will be able to order from hundreds of thousand
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can do a...
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
As global markets navigate through a mix of economic signals, with Hong Kong's Hang Seng Index recently witnessing a notable rise, investors are keenly watching the performance and potential of dividend stocks in this vibrant financial hub. In light of current market conditions, understanding the stability and yield offered by select Hong Kong dividend stocks can provide valuable insights for those looking to enhance their investment portfolios.
(Bloomberg) -- Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case TrialEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsApple Revamps iPads With AI-Focused Pro Model, Bigger AirMetals joined a wider rally in risk assets after soft US jobs data tri
(Bloomberg) -- For the first time in nearly a generation, fixed income is living up to its name.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountS&P 500 Extends Gains in Final Minutes of Trading: Markets WrapThis, at a certain level, is simply the consequence of benchmark rates in t
Aussies have been warned to get it right the first time or face the consequences.
Palantir stock's plunge appeared to halt a recent rally in other stocks favored by retail traders.
It hasn't been the best quarter for Big River Industries Limited ( ASX:BRI ) shareholders, since the share price has...
Tesla CEO Elon Musk has said that lidar sensors are a "crutch" for autonomous vehicles. Tesla accounted for "more than 10%" of Luminar's revenue in the first quarter of 2024, or a little more than $2 million, the lidar-maker revealed Tuesday in its first-quarter earnings report. Luminar reported that its revenue fell 5% from the fourth quarter of 2023, which it mostly attributed to "lower sensor sales to non-automotive customers."
(Bloomberg) -- CVS Health Corp. is selling $5 billion worth of bonds less than a week after shares plunged the most since 2009 on a downbeat quarterly report and cut 2024 outlook, joining a bevy of firms hitting the debt market following earnings season.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case TrialEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsApple Revamps iPads With AI-Focused Pro Model, Bigger
Momentum Metropolitan Holdings' (JSE:MTM) stock is up by 3.0% over the past month. Given that stock prices are usually...
Key Insights Given the large stake in the stock by institutions, Fugro's stock price might be vulnerable to their...
The dollar was a touch lower on Monday as a soft U.S. jobs report on Friday boosted wagers that the Federal Reserve may still cut rates multiple times this year, while the yen turned lower after last week's suspected intervention. The yen last week clocked its strongest weekly gain since early December 2022 following two bouts of suspected intervention from Tokyo to pull the currency away from a 34-year low of 160.245 per dollar. On Monday, the yen was lower, slipping 0.5% to 153.74 per dollar.
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