Hey Superheroes, We’re cruising through the August full-year reporting season—just over halftime already. So far, retailers’ profits have taken a hit (except for Wesfarmers’), and China’s economic concerns are having a ripple effect. Thankfully, some fire results from Nvidia in the U.S. gave our sharemarket a serious mid-week pep talk. Nvidia’s hot chips crush expectations […]
Hey Superheroes, Earnings reports have been rolling into ASX HQ all week. And while many sectors like real estate and mining were a sea of red, there were some green beacons like IPH and Inghams Group. The Aussie dollar hit a 9-month low due to China’s economic woes, while lithium’s downward price trend sparked plenty […]
Hey Superheroes, After some big results from Wall Street giants over the past couple of weeks, it’s now time to put our homegrown counterparts under the spotlight. Murdoch’s News Corp suffered a 75% profit blow (ouch!), while furniture retailer Nick Scali just reported a profit surge of over 26% on the prior year. No couch […]
Good news, Superheroes! The RBA expects Aussie inflation to slow down to 4.1% by the end of the year, despite the ASX flatlining earlier in the week. Amazon, Apple and Airbnb all beat earnings expectations this morning. Oh, and Pilbara made a roaring announcement about an innovative lithium product it’s developing to drive an all-new […]
Hey Superheroes, The ASX closed at a four-week high midway through the week thanks to mining and energy stocks, and Blackstone became the first private equity firm to hit the US$1 trillion mark. Meanwhile, ChatGPT-4 has gone from genius to…huh? Let’s get you your weekly markets fix. Carvana drives itself out of the ditch […]
Hey Superheroes, Elon Musk is aiming to uncover the mysteries of the universe by following in Donald Trump’s footsteps (sigh), and U.S. inflation is cooling off (phew). Get ready for a hefty dose of financial news updates delivered in a flash. 1. Microsoft clears regulatory hurdles in $69b Activision Blizzard buy Game on. In an […]
What are the best upcoming IPOs to watch? 1. Is the IPO freeze finally thawing? It’s been a long, cold winter for IPOs. That’s because timing is everything, and market conditions haven’t exactly been favourable over the past year. Many companies have been biding their time as they wait out economic headwinds. But could […]
Liontown Resources rejected a $5.5b bid and became the most Googled stock on the ASX this week. 1. Liontown Resources chooses to play the field What are tier 1 lithium assets really worth? One Aussie mining explorer just turned down a $5.5 billion offer. Liontown (ASX: LTR) rejected a $2.50 a share takeover bid […]
The Swiss government brokered a deal for UBS to take over Credit Suisse. 1. UBS agrees to buy Credit Suisse Sooo… a major, 166-year-old Swiss bank got bought out this week after a shocking drop in its share price. That’s right. You’d think they would have got their house in order after 166 years. […]
Silicon Valley Bank closed its doors on Friday, triggering anxiety across the Tech World. 1. SVB Goes Bust Silicon Valley Bank, a US bank specialising in lending to technology companies, was shut down by regulators and had its assets seized on Friday. This is the biggest bank failure in the US since the 2008 financial […]
1. Goldman Sachs rates Apple a buy For the first time in nearly six years, Goldman Sachs has recommended buying Apple stock. This comes after the investment bank has remained on the sidelines while the iPhone maker’s stock has more than quadrupled in value. This change in Goldman’s recommendation has come largely due to Apple’s […]
Australian hardware giant Bunnings is entering the pet merchandise market to try and take a bigger bite of the fast-growing $10 billion industry. 1. An Aussie’s best friend Australian hardware retailer Bunnings is expanding its pet merchandise business, hoping to compete with specialty pet retailers and take a bigger bite of the fast-growing $10 billion […]