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Economic Updates

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Economic Updates

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Musk’s future for Twitter

The future of the large-cap tech giant and social media platform, Twitter, will be one to watch closely after the Board approved tech billionaire and Tesla CEO, Elon Musk's offer to buy the company. The question remains, is this a positive move for the company and its move into the future?   Takeover details Musk’s offer, which has already be...

April 27, 2022
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Coca-Cola tops Wall Street expectations in the first quarter

The Coca-Cola Company reported its latest financial results for the first quarter of the year before the Wall Street opening bell on Monday. World’s largest beverage producer reported revenue of $10.491 billion in the first quarter, surpassing analyst estimates of $9.832 billion. Earnings per share reported at $0.64 per share, also above an...

April 26, 2022
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Macquarie’s recent $3.5 billion sale to AustralianSuper and Singtel

AustralianSuper and Singtel’s company, Australian Tower Network (ATN), has recently won the auction for Axicom. Early this month, Macquire’s Axicom was looking for buyers and had settled for ATN. Shareholders from both ATN and Axicom signed the $3.5 billion deal early this month. The deal would allow ATN to add around 2000 of Axicom’s ...

April 21, 2022
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Netflix plumets 25% after hours after hours after disappointing quarterly results.

US streaming giant Netflix (NFLX) has seen its share price fall spectacularly after regular trading hours as the market released poor quarterly results. The concern for the company and the market concern is the first loss of subscribers in a decade. NFLX’s user base dropped by 200,000 and is expected to drop further by 2 million in the next pe...

April 20, 2022
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Netflix takes a dip

Netlfix Inc. reported its latest financial results after the closing bell on Wall Street on Tuesday. The online streaming service company reported revenue just shy of analyst estimates at $7.868 billion in the first quarter vs. $7.929 billion expected. Earnings per share topped expectations at $3.53 per share vs. $2.90 per share expected. ...

April 20, 2022
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Coal prices soar as Australian Coal miners reach 52-week highs

Coal prices have spiked in recent times due to the energy crunch that has developed in Europe relating to pressures from Russia and Ukraine. Australian Coal companies have been the big beneficiaries of the rise in prices. White Haven Coal (WHC) and New Hope Corporation (NHC) have seen bullish price moves and are currently trading near their 52-week...

April 19, 2022
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Best-Performing Stocks: April 2022

It's been a volatile stretch for the stock market. From pandemic-induced sell-offs, record highs in 2021 and a bumpy start to 2022, the market has certainly tested investors' mettle. But when looking for the best stocks, investors should consider long-term performance, not short-term volatility. To help with that, we've compiled the best 5 stocks i...

April 19, 2022
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Where to next for Magellan Financial?

Magellan Financial Group (MFG) has seen a tumultuous 12 months in which the share price has seen a large fall from grace. The large Australian managed funds company has had a myriad of bad announcements and bad news.  Resignation from key members of its leadership team and an exodus of cash outflows from investors have caused a large drop in price...

April 14, 2022
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JPMorgan Q1 results announced

JPMorgan Chase & Co. reported its latest financial results for Q1 before the opening bell on Wall Street on Wednesday. World’s largest bank reported revenue of $30.717 billion in the quarter, narrowly beating analyst estimate of $30.59 billion. Earnings per share fell short of Wall Street expectations at $2.63 per share vs. $2.72 per sh...

April 14, 2022
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Better than expected – BlackRock tops Wall Street estimates for Q1

BlackRock Inc. reported its first quarter financial results before the opening bell in the US on Wednesday. World’s largest asset manager reported revenue of $4.699 billion, beating analyst forecast of $4.672 billion. Earnings per share also topped analyst forecast at $9.52 per share vs. $8.70 per share expected. ''BlackRock generated $1...

April 14, 2022
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Lynas Rare Earths releases impressive Quarterly growth figures

Lynas Rare Earths (LYC) has continued its recent momentum by releasing impressive quarterly figures. LYC is a premier Rare Earth mining and production company and the largest outside of China. The companies’ main mining operation is in Kuantan, Malaysia whilst its processing facilities are based in Western Australia. The company also has plans to...

April 12, 2022
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Dividends with potential to keep an eye on

Choosing the right Dividend has always been a mixture or in-depth analysis, market opportunity and a bit of luck the company reaches their financial goals. Below is a breakdown of two stocks that have a sound platform for potential growth. Below there’s a breakdown of the two stocks with analysis brought by Goldman Sachs and Morgans. Harve...

April 12, 2022
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Domain prepares $180 million for acquisition of Realbase

Domain Group encompasses a portfolio of brands that support it to be a leading property marketplace in Australia for consumers, agents and organisations with an interest in the Australian property market. Home buyers often use Domain as an alternative to RealEstate. Domain Holdings, owned by Nine Entertainment, is currently raising $180 million ...

April 12, 2022
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Commonwealth Bank’s plans to expand crypto services to 6.5M delayed by red tape

One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all its retail users. Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. In an Australian first, the bank aims to...

April 8, 2022
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Constellation beats Wall Street expectations

Constellation Brands Inc. reported its fiscal fourth quarter 2022 financial results on Thursday. The US beer, wine and spirits producer and marketer beat both revenue and earnings per share estimates, sending the stock higher during the trading day. Revenue reported at $2.103 billion in the quarter vs. $2.017 billion expected. Earnings per...

April 8, 2022
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