Money

Porsche records bumper 2022 earnings

Published

1 year ago

March 14, 2023

ticker NEWS

The announcement caps a strong year for the luxury automaker

Porsche sped to record earnings last year.

Porsche’s profits were up to just under $7.3 billion as deliveries rose by 2.6%.

There’s no sign the company will slow down.

It has targeted a rise in revenue to as much as $45 billion this year – up from $40 billion in 2022.

Porsche said its medium-term target was to pay out roughly half of its after-tax profit in dividends.

The announcement caps a strong year for the luxury automaker.

It overtook Germany’s Volkswagen as Europe’s most valuable carmaker within a week of making its stock market debut.

Porsche is still three-quarters owned by VW and has long been a huge money maker for the car group.

The carmaker’s CEO believes it would also give VW much-needed funds for its electrification drive.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending