Market News

UPS (NYSE: UPS) agreed on Friday to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) that it improperly valued its freight business, leading to misrepresented financial results in 2019 and 2020. The SEC claims the Atlanta-based courier failed to follow generally accepted accounting principles (GAAP), significantly overstating the value of […]

Northvolt, the Swedish battery maker once hailed as a cornerstone of Europe’s electric vehicle (EV) battery production, filed for Chapter 11 bankruptcy protection in the United States on Thursday, marking a significant setback for the continent’s green transition. The move prompted the resignation of co-founder and CEO Peter Carlsson on Friday. Carlsson will remain on

WiseTech Global (ASX:WTC) has adjusted its FY25 guidance, lowering its revenue and EBITDA expectations following leadership changes and a delay in launching a key product. The company now forecasts revenue of $1.2bn to $1.3bn, representing 15–25% growth from FY24, down from earlier projections. EBITDA is expected to range between $600m and $660m , reflecting 21–33%

Oceania Healthcare (ASX:OCA), a leading provider of aged care and retirement living services in New Zealand, operating 46 sites across the country, has announced its half-year financial results for the six months ending 30 September 2024. The company reported a net loss of $17.1m, a stark contrast with a $35.2m profit in the same period last

The a2 Milk Company (ASX:A2M) has revised its FY25 revenue guidance upward and introduced its first dividend policy, marking a milestone in the company’s history.  Year-to-date trading has exceeded expectations, driven by higher external ingredient sales at the company’s MVM facility. This performance was attributed to elevated Global Dairy Trade prices, currency fluctuations, and a favorable

Roger Baxter – Executive Chairman – Southern Palladium (ASX:SPD) holds a 70% interest in the Bengwenyama palladium/rhodium PGM project on the Eastern limb of South Africa’s Bushveld.

Nan-Maree Schoerie – Managing Director – ECS Botanics Holdings (ASX:ECS) is a medicinal cannabis cultivator and manufacturer with facilities in Victoria.

The Dow Jones and the S&P 500 gained on Thursday as investors flocked to cyclical stocks expected to benefit from a strengthening economy, while shifting out of technology shares. The Dow gained 461.88 points, or 1.06 per cent, to finish at 43,870.35. The S&P 500 added 0.53 per cent to close at 5,948.71. The tech-heavy

US markets showed a mixed performance overnight, with the Dow Jones rallying late in the session, closing up 0.3 per cent, while the S&P 500 finished flat. The Nasdaq, however, ended slightly lower, down 0.1 per cent. A key driver of the overnight action was the anticipation surrounding Nvidia’s quarterly earnings and outlook. Nvidia’s shares

Target Corporation (NYSE: TGT) has plummeted in premarket trading after the retailer reported disappointing third-quarter earnings and reduced its full-year guidance. Despite efforts to attract shoppers through price cuts and early holiday sales, the company missed Wall Street’s earnings and revenue expectations, leading to a sharp decline in stock price. As of the time of