Market News

Charlie Munger, Berkshire Hathaway’s deputy chair and longtime Warren Buffett confidant, has passed away at the age of 99. The company announced his death around 8 a.m. Sydney time on Wednesday, stating that Mr. Munger died in a California hospital. He would have turned 100 on New Year’s Day. In addition to his role as […]

Clean energy stocks are mired in their most severe downturn in years, triggering a multi-billion-dollar erosion of the sector’s value and casting a shadow over America’s environmental objectives. This downward spiral is impacting major auto manufacturers, offshore wind projects, solar panel adoption, and green-power producers. While rising interest rates pose the most immediate challenge, supply

New Zealand-based Fisher & Paykel Healthcare Corporation (ASX:FPH) has increased its interim dividend from 17.5 NZ cents to 18 NZ cents for the six months ending September 30, following a robust performance with a 16% rise in revenue and a 12% increase in after-tax earnings. The company announced that revenue for the first half of

Note: Figures recorded at 7:25am AEDT. The closing figures and video recording will be available at 9:00am AEDT. Stocks rose Tuesday, resuming their November rally, as comments from a Federal Reserve official raised hope that the central bank may not need to raise interest rates further. The Dow Jones Industrial Average added 83.51 points, or

Gold continued its upward trend, reaching new six-month highs, and some analysts are now forecasting that the precious metal could soon set a new all-time high if the current momentum persists. The surge in gold prices was supported by a further decline in the US dollar and US bond yields. In the latest trading, gold

Equinox Resources Limited (ASX:EQN) CEO Zac Komur discusses the company’s move to apply for a large tenement in Brazil, and the attractions of the jurisdiction. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking with Equinox Resources. Their ticker code is “EQN” and they have a market cap of around

Shares rebounded on Tuesday due to gains in real estate and gold, while the Australian dollar reached a four-month high amid expectations of prolonged high borrowing costs compared to other developed nations. Despite a surprise 0.2 percent decline in October retail sales, the Reserve Bank aims to cool consumer demand to combat inflation, with a

Equinox Resources (ASX:EQN), a leading diversified global resources company, has announced its latest strategic move to establish dominance in Brazil’s rare earths sector. The company has submitted strategic pegging applications for approximately 1,760 square kilometers of rare earth tenements in Bahia State, northeast Brazil. This marks a significant step forward in Equinox’s growth strategy, positioning

Shareholders in the fast-food group, Collins Foods (ASX:CKF), will receive an increase of half a cent in their interim dividend, bringing it to 12.5 cents per share. This comes after the operator of KFC and Taco Bell stores reported significant growth in revenue, same-store sales, and earnings for the first half of the 2023-24 financial

In a surprising turn of events, Australian retail turnover fell by 0.2% in October, contrary to the forecasted 0.2% rise. According to seasonally adjusted figures from the Australian Bureau of Statistics (ABS), Australians spent $35.76 billion in the nation’s retail outlets during October. This marked a decline from the $35.825 billion spent in September and