A long time coming (and often requested)…
We’ve officially launched the ASX Investor Instagram 📲
Head on over to https://t.co/Y3L4DUnScO 👋
Will be posting plenty of day to day content along with market news and some upcoming travels ✈️
Alan Joyce has fast tracked his retirement and will leave #Qantas as CEO after claims the airline sold tickets for thousands of flights it had already cancelled.
Joyce will leave on Sept 6th, previously due to hand over to Qantas CFO Vanessa Hudson in November. $QAN
Liontown Resources announced it received a revised proposal from Albermale to acquired all of its outstanding shares for $3.00 per share.
After reviewing Albermale’s bid, the #Liontown board has granted an opportunity to conduct exclusive due diligence. $LTR
The A.I revolution shows no signs of stopping 🚂
#ChatGPT has taken the world by storm the momentum for OpenAI has not slowed down.
The leading #AI tech company is growing its revenues quickly enough that it may even be able to plug its $540 million loss from last year.
The Federal Government recently launched a review of Australia Post’s business model - releasing a paper citing the diminishing viability of letters.
#AusPost’s parcel business grew steadily, however losses in their letter business increased by over 50% to $384 million.
Leading ASX lithium name #PilbaraMinerals has reported a record sales figure of over $4 billion for the financial year.
During FY23 Pilbara saw record lithium production, coupled with progression of their mine expansion + downstream chemicals strategy. $PLS
Do you think that Elon Musk will succeed and make X a ‘truly social network’❓
Or do you think his decisions have ruined what they had built at Twitter?
#Qantas delivered a record profit, underscoring the strength of the post-pandemic recovery for airlines.
The leading ASX airline announced a big cash spend on Boeing & Airbus jets, a $500 million buyback for shareholders and gave $500 travel credits to their workforce. $QAN
NVIDIA beats estimates and says sales will jump 170% this quarter, driven by demand for A.I chips.
$NVDA shares climbed +6% after hours after lifting their guidance for this quarter. They expected Q3 revenue of $16 billion, far higher than the $12.61 billion consensus estimate.
Leading ASX miner #BHP saw its revenue drop by over $10 billion and a -37% fall in its profit for FY23.
The decline was driven by weaker prices for its commodities including iron ore, coking coal & copper. $BHP
The August market rout means investors are nearing the perfect opportunity to buy the dip in stocks before they resume their rally, according to Fundstrat's head of research Tom Lee. #investing
#MichaelBurry famously made a fortune by predicting the Global Financial Crisis in 2008 and is placing another big bet.
Burry has around $1.6 billion in shorts against both the S&P500 and the NASDAQ index - this bet amounts to more than 90% of his firms portfolio.
Will the Elon Musk x Linda Yaccarino team bring success for Twitter❓
Linda Yaccarino took over as Twitter CEO after Elon Musk bought the company for $44 billion.
She has a wealth of experience in the commercial space after leading the global advertising efforts at NBC.
#NVIDIA’s CEO Jensen Huang referenced their tactical bet back in 2018 - “It was a ‘bet the company’ moment - we had to bring together computer graphics and artificial intelligence for the very first time.” $NVDA
Are you going to be buying into the Arm IPO when it floats later this year? ��
$ARM is one of the biggest chip-design companies in the world and will reportedly IPO on the #NASDAQ in September.
The world's largest investor #Blackrock is creating a $2 billion fund allowing institutional investors to profit from New Zealand's transition to 100% renewable energy.
It will invest in critical areas for decarbonisation like solar, wind, green hydrogen and battery storage.
Dave Portnoy has bought back #BarstoolSports, the sports & pop-culture media company he founded, from Penn Entertainment for $1.
That is after Penn, a casino and online gambling operator, paid a total of around $550 million to acquire 100% control of Barstool. $PENN
#Amazon has begun construction on its second Robotics fulfilment centre, north of Melbourne.
When completed in 2025, the fulfilment centre will span over 200,000 square metres across 4 levels - equivalent to 11 MCG’s, the biggest warehouse ever built in Australia. $AMZN
Elon Musk’s brainchip company #Neuralink has raised a $280 million Series D funding round.
The funds will be used to work through FDA concerns with its brain-computer interface and secure authorisation to start a clinical trial of the device.
Commonwealth Bank has grown full-year cash profits 6% to a record $10.2 billion.
CBA’s profits were driven higher by elevated interest rates, though net interest margins shrunk with increased loan competition. $CBA
#WeWork stock plummeted more than -25% in extended trading after raising ‘Substantial Doubt’ about its future.
With its update the company disclosed substantial changes to its board and cited sustained losses along with canceled memberships to office spaces. $WE