The war between the United States and Iran intensified on Monday (Tuesday AEDT), spreading beyond Iranian territory into Lebanon and across the Gulf, as energy markets reeled from the closure of the Strait of Hormuz and President Donald Trump signalled a broader offensive could be imminent. The conflict, now in its third day, has already reshaped the geopolitical landscape of the Middle East, d
United States manufacturing activity continued to slowly rise in February, but prices for newly-produced goods surged amid tariff pressures. The manufacturing purchasers managers index (PMI) declined from 52.6% in January to 52.4% in February, per the Institute for Supply Management (ISM). This was above Reuters-polled economists’ forecast of 51.8%. “In February, U.S. manufacturing activity
NVIDIA will invest US$2 billion (A$2.8 billion) each in photonics and optical technology manufacturers Lumentum Holdings and Coherent Corp under multi-year strategic agreements. The share prices of the two companies surged to record highs in response to the announcements. The computer chip giant said the agreements included multi-billion dollar purchase commitments and future capacity access
With local CEOs and foreign investors now circling a growing cadre of unloved ASX stocks – trading at widening discounts to fair value – now might be the time to play contrarian investor and buy in the hope of future spoils. The mountain of unspent capital that private equity firms are currently sitting on globally, along with Australia’s relatively weak dollar and mouth-watering valuation gap
Location sharing technology company Life360 reported its first annual profit last year as user numbers grew, though its shares dropped. Revenue last quarter was up 26% year-over-year to US$145.89 million, beating Zacks estimates by 1.4%. Earnings per share were $0.32, rising from $0.10 but just below estimates of $0.33. “2025 was a landmark year for Life360. For the first time in company his
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German telecommunications company Deutsche Telekom will partner with SpaceX’s Starlink to expand satellite-based mobile services in Europe, the companies said today. The companies plan to expand coverage to areas where issues like topography or nature conservation requirements have made connectivity difficult. The service will launch in 10 European countries in 2028. “We provide our customer
Paramount Skydance plans to combine Paramount+ and HBO Max into one streaming service after emerging victorious in the bidding war for Warner Bros. Discovery. Paramount CEO David Ellison told investors the combined streaming service would have around 200 million subscribers. This comes after Paramount and Warner Bros struck an agreement to sell Warner Bros for US$31 per share after Netflix b
Australia’s dwelling approvals dropped 7.2% in January as apartment and townhouse approvals plummeted, the Australian Bureau of Statistics (ABS) said today. A total of 14,564 dwellings were approved in January, with the decline falling far short of Westpac analysts’ expected 5% increase. Approvals also fell by 14.9% in December. “The drop in total dwellings approved was driven by a 24.5 per
United States producer prices rose more than expected in January as tariffs weighed on services prices. The producer price index (PPI) increased 0.5% during the month, per the U.S. Bureau of Labor Statistics (BLS). This is above both Dow Jones estimates of 0.3% and the 0.4% growth seen in December. “The January increase in prices for final demand can be traced to a 0.8-percent advance in the
The Organization of the Petroleum Exporting Countries OPEC+ has said it will boost its oil output by 206,000 barrels per day in April, while the United States and Israel’s attacks on Iran disrupt global oil flows. The bloc hiked output by around 2.9 million barrels per day across 2025, but has held production unchanged for the last three months. Iran has reportedly closed the Strait of Hormuz a
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