United States President Donald Trump has chosen Kevin Warsh to lead the U.S. Federal Reserve when current chairman Jerome Powell’s term ends in May. I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Trump said in a post to Truth Social. The appointment comes as Trump has increased attacks on Powell in recen
ExxonMobil beat earnings and revenue estimates last quarter, despite oil prices falling sharply across 2025. Earnings per share were US$1.71, down slightly from $1.72 one year ago and above LSEG estimates of $1.68. Revenue was $82.31 billion, falling from $83.43 billion and passing estimates of $81.43 billion. "ExxonMobil is a fundamentally stronger company than it was just a few years ago,
OPEC+ will hold its oil production at current levels in March, member nations said today, despite oil prices soaring as the United States weighs a potential military strike on Iran. The bloc agreed in November to pause output hikes during 2026’s first quarter due to seasonal dips in demand, having previously increased production by around 2.9 million barrels per day in 2025. Total production in
Azzet reports on three stocks with price moving updates today. GrainCorp slides after slashing guidance ~ Shares in GrainCorp (ASX: GNC) were trading 14.3% lower by 2:15 pm AEDT (3:15 am GMT) after tumbling as low as $5.81 at the open, with the market clearly irked by the major pruning the Australian agribusiness made to its FY26 earnings and profit. Citing oversupply and pressure on mar
Unprecedented upstream throughput propelled Chevron past analyst earnings projections for the fourth quarter, insulating the United States supermajor against a steep deterioration in crude markers, though top-line revenue succumbed to the bearish pricing environment. Adjusted earnings of US$3.0 billion, or $1.52 per share, outpaced the $1.45 consensus forecast, fuelled by robust flows from the
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Amazon’s Melania Trump documentary has beaten box office records for the strongest start of any documentary in over a decade, despite opening to scathing reviews. The film earned US$7 million at the U.S. box office, surpassing Deadline’s US$5 million forecast. The film follows Melania preparing to be the first lady for the second time and was beat out in the box office by two horror films: I
While the decision by British-Swedish giant AstraZeneca to plant its flag on the New York Stock Exchange is being sold as a love letter to American capital, nothing could be further from the truth. It is an expensive hedge against a United States that has made life harder, noisier and less predictable for global drugmakers, especially under United States President Donald Trump’s revival of tari
The United States dollar index (DXY) extended its decline for a second consecutive week, pressured by a cautious Federal Reserve stance and persistent political noise, even as rate markets attempted to stabilise following fresh signals on central bank leadership and inflation dynamics. While the Greenback managed to recover from its worst levels after the latest Federal Open Market Committee (F
While there are no immediate threats to Australia’s capital gains tax (CGT) discounts - which halve the profit investors must report as taxable income when selling assets held for over 12 months – there are moves afoot to see this change. There’s growing speculation that the Albanese-led Labor government could end up kowtowing to mounting pressure to have the CGT discount reduced if not scrappe
AO Ventures, the venture capital arm of Tennis Australia and the Australian Open, expects to lift investments beyond US$40 million (A$57.2 million) by creating a second fund, according to General Partner Machar Reid. Reid said AO Ventures was assessing about 20 potential deals per week for its first fund, which has invested in four early-stage businesses that use innovative technologies, since
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