Whitehaven Coal [ASX:WHC] Falls on Lowered Production Guidance
Flooding has hampered production at Whitehaven Coal [ASX:WHC] open-cut mines, forcing the coal producer to lower its FY23 guidance.
Macroeconomic News: Insights into Economic Trends and Developments
The New Old Normal
Last week, investors began to see what is headed their way. For most of the year, they’ve been in denial. Stocks go down; they buy the dip. And then, they go down again. But that only brings the same reflex. Their investment strategy was simple. BTFD, they say — ‘Buy the F…ing Dip’.
Redrawing the Lines
In today’s Money Morning, a family favourite board game has taught us about the economic implications of resource scarcity. We’re seeing this right now in the commodity space as much of the world pushes towards an energy transition. Demand is skyrocketing, and Australia is well-placed to be a top supplier. That means there’s a huge investment opportunity in this space for Aussie investors…
ASX News Live | ASX Up; Whitehaven, REA, Pushpay, NAB Feature; Bitcoin Sinks on Crypto Chaos
ASX up on Wednesday. Whitehaven lowers guidance. Bitcoin sinks as FTX liquidity crunch scares crypto market. REA and NAB also feature.
James Hardie [ASX:JHX] Shares Sink on FY23 Guidance Downgrade
Building products company James Hardie Industries [ASX:JHX] has downgraded its FY23 guidance and scrapped its dividend in a half-year trading update.
The Most Likely Outcome for 2023
In today’s Money Morning, it tends to be that the most likely outcomes are the ones no one expects. Central banks are raising rates to combat inflation, but what if that’s having the exact opposite effect? What if it isn’t demand that’s driving prices up? If so, that spells opportunity for Australia…
