LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering rides to the public “quite soon,” expand its operating regions and “significantly” grow its self-driving… Read More »Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
Fund manager and Telstra shareholder John Wylie is urging the telco giant to package up cash payments it receives from NBN Co and sell them off to investors, claiming some financial engineering could add 80¢ to the company’s stock price. In an opinion piece published today in The Australian Financial Review, the former… Read More »Banker John Wylie wants Telstra to sell off NBN income stream
After a couple of strong years, investors are right to wonder what comes next. Much depends on one very unpredictable man. Feeling punch-drunk after 2024? You ain’t seen nothing yet. While investors have been buffeted by several major forces in the last 12 months – including higher-for-longer interest rates, stretched… Read More »The five big questions for investors in 2025
After years of warnings, importing gas looks to be the only way left to head off an energy shortfall in Victoria, a move likened to “importing sand to the Sahara”. One of the world’s biggest LNG exporters is about to import the liquefied form of natural gas. That is the… Read More »Time’s up? LNG imports destined for Australia next year
CNBC’s Jim Cramer on Friday reviewed earnings reports from top banks that reported this week, saying he’s impressed with all them, but especially Wells Fargo and Goldman Sachs. He said investors would have benefitted from owning all of these names this week and praised the industry as a whole. “Despite the big… Read More »Jim Cramer parses big bank earnings and says stocks have ‘quite a bit more upside’
Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to… Read More »Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Australian shares are poised to edge up at the start of trade despite US equities turning modestly lower as technology stocks declined. ASX futures were up 12 points or 0.1 per cent to 8310 near 7.15am. Overnight on Wall Street, the tech-heavy Nasdaq was down 0.9 per cent. Source: https://www.afr.com/markets/equity-markets/asx-to-rise-us-stocks-waver-china-data-awaited-20250117-p5l52g
Bond markets are signalling a strong chance that the Reserve Bank will next month finally deliver the first Australian rate cut in more than four years, shrugging off a surprisingly buoyant jobs market and economist forecasts. While traders have modestly tempered the chance of a February rate cut by the… Read More »Bond markets stick with early rate cut after jobs blowout
Economists say there is no urgency for the Reserve Bank of Australia to deliver a pre-election cash rate cut in February after a bumper jobs report showed the labour market continued to defy expectations of a looming slowdown. That would leave the central bank’s April meeting as the only point… Read More »No need for a February rate cut after bumper jobs report: economists
Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income. Here’s what the company reported: The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier, when the bank had a… Read More »Bank of America tops estimates on better-than-expected investment banking, interest income