Tesla General Motors and Ford Motor all reported earnings. The Beijing Auto Show had some electric-vehicle-battery bombshells for investors to digest. Starting with earnings, Tesla generated $1.2 billion in operating profit in the first quarter, or about $3,000 per vehicle sold.
Philip Lowe warned the fight against inflation 'isn't done' yet.
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.
Not all hybrid cars are created equal. While some models offer excellent fuel efficiency, reliability and performance, others fall short. With so many options, it can be tough to separate the good...
Peter King warned more Aussies would have to be unemployed if mortgage holders want to see some relief.
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
Once they retire, many seniors change their spending patterns quite a bit. There's nothing inherently wrong with this, as long as they remain within their retirement budget. See: The 4 Types of Bank...
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs. Traditionally beneficiaries of rising interest rates, the country's so-called Big Four lenders have spent the past year sacrificing margins to write new home loans and paying more to depositors, narrowing their closely watched "net interest margin". Westpac's net interest margin slipped to 1.89%, down 7 basis points from a year earlier, while net interest income remained largely flat at A$9.13 billion.
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.
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.
Amidst a backdrop of fluctuating inflation rates and cautious monetary policies, the Canadian market, like its U.S. counterpart, remains a focal point for investors seeking stability and potential growth. As recent economic indicators suggest ongoing uncertainty in rate cuts and inflation management, dividend stocks emerge as appealing options for those looking to generate steady income from their investments in these turbulent times.
Australia's tax office has sought from crypto currency exchanges the personal data and transaction details of up to 1.2 million accounts as it looks to crack down on users who may be failing to pay their taxes amid a rising interest in digital tokens. In a notice issued last month, the Australian Taxation Office (ATO) said the data will help identify traders who had failed to report the exchange of crypto assets, or when they sold it for currency and used it to pay for goods or services. The crypto industry's complex nature can lead to a genuine lack of awareness of the tax obligations, the ATO said.
Michele Bullock needs to get to grips with the narrative surrounding interest rates as millions of struggling Aussies feel clueless about what 2024 will look like.
LONDON (Reuters) -Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance. The Israeli military seized control of the Rafah border crossing between the Gaza Strip and Egypt and its tanks pushed into the southern Gazan town of Rafah, as mediators struggled to secure a ceasefire agreement. Brent crude futures were down 30 cents, or 0.4%, at $83.03 a barrel by 1130 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.3%, to $78.21.
Key Insights Using the 2 Stage Free Cash Flow to Equity, BlueScope Steel fair value estimate is AU$36.31 BlueScope...
The board of RTX Corporation ( NYSE:RTX ) has announced that it will be increasing its dividend by 6.8% on the 13th of...
(Bloomberg) -- South Korea’s financial watchdog said it has so far uncovered 211.2 billion won ($156 million) worth of illegal short trades by nine global investment banks, providing its latest formal update on a probe that began late last year.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallFrance’s Macron Calls for Reset of Economic Tie
Key Insights Given the large stake in the stock by institutions, Fugro's stock price might be vulnerable to their...
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Shares of Spirit Airlines (SAVE) are sinking in its lowest intra-day move after the airline operator reported a wider-than-expected first-quarter loss following the termination of its merger agreement with JetBlue Airways (JBLU). Market Domination Anchors Josh Lipton and Julie Hyman break down some of the budget airline's biggest challenges and what the company might do to curb its declining revenue. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl and updated by Luke Carberry Mogan.
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