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US dollar drops as the economy shrinks by 0.9% for the last quarter.

US economic data revealed last night shows that the country’s GDP has shrunk by 0.9%, although some are remaining positive that a recession may still be avoided. Despite the worrying figures, Federal Reserve Chair, Jerome Powell, outlined his belief that due to low unemployment figures of 3.6% and a strong market for jobs with 11 million job open...

July 29, 2022
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Mastercard beats Wall Street expectations

  Mastercard Incorporated (MA) reported its latest financial results before the opening bell on Wall Street on Thursday. The US financial services company reported revenue of $5.497 billion in Q2, beating analyst estimate of $5.267 billion. Earnings per share reported at $2.56 per share vs. $2.36 per share expected. ''We had strong...

July 29, 2022
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Pfizer tops estimates for Q2

Pfizer Inc. (PFE) reported its Q2 financial results before the market open in the US on Thursday. World’s third largest pharmaceutical company topped both revenue and earnings per share estimates for the quarter. The company reported revenue of $27.742 billion in Q2 (up 47% year-over-year) vs. $25.487 billion expected. Earnings per share...

July 29, 2022
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Meta earnings results are in – the stock falls in the after-hours

Meta Platforms (META) announced its Q2 financial results after the closing bell in the US on Wednesday. The social media giant fell short of analyst expectations for the quarter. Revenue reported at $28.822 billion in Q2 (down by 1% year-over-year), vs. analyst estimate of $28.908 billion. Earnings per share at $2.46 per share (down by 32%...

July 28, 2022
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Short Term Break Out on the S&P500

The S&P 500 has been battered and bruised in one of the worst first half of the years in history. However, there are some signs that it may be turning. A short term long buying opportunity on the SPY looks to be apparent. With the recent bullish sentiment due to the market believing that much of the forecast slowing growth and interest rate ...

July 21, 2022
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Market jumps on the back of weak USD and better then expected earnings

The US stock market saw one of its best days in months, as speculation swirled that the 'bottom' may be in. The indices gained their momentum from better-than-expected earnings and a weakening of the USD, with the USDX dropping to $106.58. With more earnings still to come better than expected results may see the S&P500 and markets break out of ...

July 20, 2022
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ANZ set to acquire Suncorp in mega acquisition

Big 4 bank ANZ is set to takeover Suncorp in a massive buyout. The agreement stipulates that the buyout is only for the banking side of the business with the insurance arm not being apart of the deal.   Details of the deal ANZ is set to pay Suncorp 4.9 Billion dollars 1.3 time the current Net Tangible Asset value of Suncorp. The compl...

July 18, 2022
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PepsiCo tops Q2 estimates

PepsiCo Inc. (PEP) reported its Q2 earnings results before the opening bell on Wall Street on Tuesday. The US beverage and food company reported revenue of $20.225 billion for the quarter vs. analyst forecast of $19.513 billion. Earnings per share also reported above analyst expectations at $1.86 per share vs. $1.74 per share estimate. ''W...

July 13, 2022
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Twiggy’s Beefy Winner

Andrew ‘Twiggy’ Forrest has bet on a winner in Australian Agricultural Company (AAC). The company is Australia’s largest integrated cattle and beef producer and is recognised as the oldest continuously operating company in Australia. In recent week’s key investment figure, Twiggy Forrest through his investment company Tattering, has doub...

July 6, 2022
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KFC operator share price shoots up after a strong year

The operator of KFC and Taco Bell restaurants across Australia, Europe and South East Asia Collins Foods Limited, (CKF) saw its share price shoot up by above 11% on Tuesday after releasing its annual report. The company saw its revenue increase to 1,184,521,000 and increased its profit by an impressive 47%. The company also saw a decrease in its...

July 1, 2022
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Liontown Resources, (LTR) secures offtake agreement with Ford

Australian lithium company, Liontown Resources, has secured another offtake agreement for its Kathleen Lithium project. The agreement with global car manufacturer Ford, means that it will now be the third offtake partner as part of the foundational financing for the development of the Project. Lithium is key for the batteries in electric vehicles i...

June 29, 2022
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Nike tops Wall Street estimates

Nike Inc. (NKE) reported its latest financial results for its fiscal 2022 fourth quarter after the closing bell in the US on Monday. World’s largest sporting goods company topped both revenue and earnings per share estimates. The company reported revenue of $12.234 billion for the quarter vs. $12.061 billion expected. Earnings per share rep...

June 28, 2022
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The Week Ahead – Stock Markets

After weeks of relentless selling the market provided a decent rally to end the week. The S&P 500 saw a nice jump rising 3.44% during Friday’s trading session. This may provide investors and traders some positive momentum for the beginning of the week. Whilst the market is still holding a down trend, it was able to bounce of the bottom of the...

June 27, 2022
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Accenture latest results announced

Accenture (ACN) reported its latest financial results before the market open in the US on Thursday. The Irish-American professional services company reported revenue of $16.159 billion for the third quarter of fiscal 2022 vs. $16.04 billion expected. Earnings per share missed analyst expectations for the quarter at $2.79 per share vs. $2.86 p...

June 24, 2022
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Adobe latest results are here

Adobe Inc. (ADBE) announced its latest earnings results after the closing bell on Thursday for its second quarter fiscal year 2022 ended June 3. The American software company reported revenue of $4.386 billion for the quarter (up 14% year-over-year), beating analyst forecast of $4.345 billion. Earnings per share also reported above analyst ex...

June 20, 2022
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