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Business news
Government of India releases first list of 30 critical minerals
July 04, 2023 09:32 PM AEST| By InvezzLast week, the Government of India’s Ministry of Mines, released its highly anticipated Report of the Committee on Identification of Critical Minerals. Drawing upon the combined American, European, and Australian experience of critical materials poli...
Should you buy or sell US stocks following June PMI Manufacturing data?
July 04, 2023 09:05 PM AEST| By InvezzToday is Independence Day in the United States, and US banks are closed. As such, market participants should not expect much from the upcoming North American session. Yesterday was a slow day, too, as many people preferred to take a long weekend in l...
iShares Taiwan ETF has a 16% dividend yield: Is EWT a safe buy?
July 04, 2023 08:56 PM AEST| By InvezzTaiwan is going through headwinds in 2023 as concerns about geopolitics and semiconductor demand. Its economy contracted by 3.02% YoY in the first quarter after falling by 0.4% in Q4 of last year. By contracting in two straight quarters, it means tha...
Global X Uranium ETF: URA is a good buy if it crosses this price
July 04, 2023 06:55 PM AEST| By InvezzUranium prices are doing well in 2023 as other commodities recoil. The closely watched Global X Uranium ETF (URA) has jumped by over 18% from its lowest level this year. It has underperformed the spot Uranium price, which has jumped by over 18% year-...
Arrival stock price analysis: plot thickens as Kensington deal ends
July 04, 2023 02:55 PM AEST| By InvezzElectric vehicle (EV) stocks had a great day on Monday after Tesla announced robust quarterly deliveries. Companies like Tesla, Rivian, and Lucid Motors saw their shares jump sharply on Monday. Not all EV companies have joined this rally. Arrival (NA...
Argo Blockchain share price falling wedge points to a 75% upside
July 04, 2023 01:23 PM AEST| By InvezzBitcoin mining stocks have had a successful performance in 2023, helped by the strong BTC performance. Those listed in the US like Riot Platforms, Marathon Digital, Cipher Mining, and Hive Blockchain have been the top performers in the Russell 2000 i...
Goldman Sachs dubs Southern Co stock a ‘most differentiated fundamental buy idea’
July 04, 2023 04:46 AM AEST| By InvezzSouthern Co (NYSE: SO) shareholders will likely be rewarded for their patience over the next 12 months, says Carly Davenport – a Goldman Sachs analyst. Southern Co stock should be worth $80 On Monday, Davenport dubbed the gas and electric utili...
General Electric stock price has outperformed in 2023: Is it a buy?
July 04, 2023 02:15 AM AEST| By InvezzGeneral Electric (NYSE: GE) stock price has had a spectacular growth in 2023 as investors cheer the company’s turnaround and strong demand in its aviation business. The shares ended the first half of the year at $110, bringing the year-to-date...
Rivian stock up 15% on Q2 deliveries: this analyst still sees further upside
July 04, 2023 02:09 AM AEST| By InvezzShares of Rivian Automotive Inc (NASDAQ: RIVN) jumped 15% on Monday after the EV company reported better-than-expected deliveries for its second financial quarter. Rivian delivered 12,640 vehicles in Q2 The Irvine-headquartered firm delivered 12,640...
Saudi Arabia and Russia to extend oil supply cuts to August
July 04, 2023 01:20 AM AEST| By InvezzOil prices ticked up today after Saudi Arabia confirmed plans of extending its voluntary supply cuts to August. Saudi Arabia to cut oil supply by 1 million bpd On Monday, the de-factor leader of the petroleum exporting countries said it...
Will the Rolls-Royce share price wake up in the 2nd half of 2023?
July 04, 2023 12:34 AM AEST| By InvezzUK stocks underperformed their international peers in the first half of the year. The FTSE 100 index rose by about 1.1% this year while the Nasdaq 100 and S&P 500 indices jumped by double digits. Rolls-Royce (LON: RR) was one of the top gainers i...
Barclays wants to cut ties with Odey Asset Management: here’s why
July 04, 2023 12:00 AM AEST| By InvezzBarclays PLC (LON: BARC) wants to quit as the corporate bank for Odey Asset Management, the Financial Times reported on Monday. Why is Barclays cutting ties with OAM? The universal bank is terminating its relationship with the hedge fund primarily du...
Tesla produced more vehicles than it delivered in Q2
July 03, 2023 10:49 PM AEST| By InvezzTesla Inc (NASDAQ: TSLA) is up 6.0% in premarket trading after reporting deliveries and the number of vehicles it produced in the second quarter. Tesla beats estimates for Q2 deliveries Both metrics came in ahead of Street expectations as well as the...
Nikola to face off with Trevor Milton amid share dilution fears
July 03, 2023 10:03 PM AEST| By InvezzNikola (NASDAQ: NKLA), a startup building electric and hydrogen trucks, is bracing for a major showdown with Trevor Milton, its founder. The highly embattled company will hold its annual general meeting a day after its share offering vote closes. Tre...
NFT market deteriorates following Azuki’s incident
July 03, 2023 04:58 PM AEST| By InvezzThe non-fungible tokens (NFTs) industry has struggled this year, despite several efforts to revive the market. Top NFTs saw their prices decline sharply within the past 24 hours. The notable dips emerged after the community criticized last week’...
Molina Healthcare announces a $600 million deal with Bright Health
July 03, 2023 04:57 AM AEST| By InvezzMolina Healthcare Inc (NYSE: MOH) is buying the California Medicare Advantage business from Bright Health Group Inc (NYSE: BHG). Details of the Bright Health-Molina agreement On Friday, the managed care company said it will pay $600 million in total...
Petrofac receives a new contract from Abu Dhabi National Oil Company
July 02, 2023 02:46 AM AEST| By InvezzPetrofac Ltd (LON: PFC) ended about 7.0% up on Friday after confirming to have received a sizable contract from the Abu Dhabi National Oil Company. Details of the new EPC project ADNOC Gas Processing – a subsidiary of the state-owned group of e...
Barratt Developments reveals a new partnership with Citra Living
July 01, 2023 06:16 AM AEST| By InvezzBarratt Developments PLC (LON: BDEV) ended slightly up on Friday after announcing a new partnership with Citra Living. Barratt to sell homes to Citra Living The property developer has agreed to selling 604 homes to Citra Living for a total of £1...
Dominion Energy lowers Q2 guidance: ‘it’s a little too risky for me’
July 01, 2023 05:32 AM AEST| By InvezzShares of Dominion Energy Inc (NYSE: D) are keeping resilient even after the power and energy company lowered its future guidance on Friday. Dominion Energy’s updated Q2 guidance The Richmond-headquartered firm now expects to earn between 44 ce...
Buy Solaredge shares for a 50% return in 12 months: Bank of America
July 01, 2023 04:01 AM AEST| By InvezzSolaredge Technologies Inc (NASDAQ: SEDG) has been rather dull since the start of this year but a Bank of America analyst is convinced the story moving forward will be a different one. Solaredge shares have upside to $396 On Friday, Julien Dumoulin-S...
