ASX News Live | ASX Dips; Qantas and Eagers Post Record Profit
US Fed flags further rate rises. Qantas and Eagers Automotive post record profits. Zip widens losses. Humm distances itself from BNPL.
Macroeconomic News: Insights into Economic Trends and Developments
WiseTech [ASX:WTC] Shares Rise on ‘Strong Growth and Margin Expansion’
Shares for WiseTech were rising more than 4% for the group’s latest financial results, a strong first half for FY23.
Oz Minerals [ASX:OZL] Flags Lower Profit on Weak Sales and Copper Price
OZL posts a $175 million revenue deficit to last year, blaming less sales and lower copper prices.
Vandals and Knaves
Producer price increases lead to consumer price increases later. So, the Fed will have to stick with its rate hikes. And higher rates are bound to cause consumers and businesses to make cutbacks (aka ‘recession’).
Jim Rickards’ Message for Australians: China Is Toast
In part three of our interview, I asked Jim Rickards what the most important part of his book Sold Out! is for Australians specifically. His response may concern you….
ASX News Live | ASX Falls After US Stocks Record Worst Day In Weeks
Wall Street recorded its worst day in 2 months as penny begins to drop that interest rates are unlikely to come down any time soon. ASX reporting season continues.
