AGL Profits Down ‘As Anticipated’
Power company AGL Energy’s [ASX:AGL] stocks were falling this morning after the company released its full-year 2022 results with underlying profit down 58%.

Power company AGL Energy’s [ASX:AGL] stocks were falling this morning after the company released its full-year 2022 results with underlying profit down 58%.

The first six months of the year were almost unbelievably bad. Stocks and bonds went down. Cryptos vanished. A traditional, balanced portfolio — 60% stocks, 40% bonds — had never had such a bad time of it. And a recession began.
By Bill Bonner,

ASX inches higher on Friday. TPG, Inghams, AGL open lower on results. More ASX live news here.

What now? Uncontrolled inflation? Or a hard landing? Which will it be? Our guess: both. A hard landing…and then uncontrolled inflation.
By Bill Bonner,

Whether you buy into manmade climate change or not, history shows us that extreme weather events have been a staple across the globe for centuries. And when it comes to an extreme lack of rainfall, it can often lead to extreme upheaval.

ASX expected to slip. Nuix, Humm, Origin, Treasury Wines, Evolution Mining report results as earnings season heats up. ASX live news here.
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