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 […]
Australia’s most popular ETF (ASX:VAS) has a lot more competition this week with BlackRock and BetaShares announcing massive cuts to their fees for their rival products. 1. ETF wars BlackRock and BetaShares are both slashing fees on their ETFs that track the ASX200. BlackRock led the charge by cutting the management fee on their ASX200 ETF […]
A big week of reporting on the ASX saw strong results from retailers while e-commerce businesses that benefited from lockdowns continue to struggle. 1. Retail Therapy is real Several Australian retailers have reported positive financial results for the first half of the financial year. Wesfarmers reported a 14.1% increase in net profit to $1.384 […]
Disney is set to cut 7,000 jobs from its workforce as part of a global restructuring strategy that will see the entertainment company save $5.5 billion. 1. Not a Disney Fairytale Disney has announced that it will cut 7,000 jobs from its 220,000 global workforce as part of a cost-cutting initiative aimed at streamlining the company. […]
Apple, Google, Snapchat and Meta all reported their quarterly earnings this week. 1. Moderately happy Wall Street is showing some signs of recovery in 2023. Amazon’s top-line growth was better than expected in Q4, with revenue reaching $149.2 billion, a nine per cent year-over-year increase. Its bottom line still fell short due to higher costs, […]
Tesla’s earnings have increased by an impressive $400 million in the last quarter, making headlines worldwide. 1. Guess who’s back Tesla has reported record Q4 2022 earnings of $3.7 billion, despite facing challenges such as slowing economic growth and rising interest rates. CEO Elon Musk acknowledged that 2022 was a challenging year, but emphasized the […]
Virgin Australia is considering a new IPO, just 2 years after entering voluntary administration. 1. Prepare for landing Virgin Australia Holdings is beginning discussions for an initial public offering (IPO) in 2023 with the aim of raising $1 billion, according to reports. The IPO comes after the company was placed into voluntary administration in 2020 and […]