How many research reports does it take to bring down one of India’s biggest companies? One activist short seller released a single, scathing report targeting the world’s third-richest man, Gautam Adani. Yes, that Adani. It struck a 45% blow to his company’s share price. It’s one thing to take a short position. It’s another to […]
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 […]
The Origins All changed, changed utterly: A terrible beauty is born. On 30th November, a company called OpenAI launched an artificial intelligence chatbot, called ChatGPT. While not the first AI chatbot to be presented to the masses, its detailed and articulate answers across a wide variety of knowledge domains has seen it garner attention that […]
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. […]
How Lithium became the most sought after mineral in the world The Origins High School chemistry was hard. That is, until the rare day that the teacher takes out a bunch of jars and the bunsen burner. “Now class, this is Lithium. It gives a red smoke when it is burnt!” For most that […]