By David Winning SYDNEY–Synlait Milk said it expects higher earnings in the 2024 fiscal year, even if dairy demand in China remains lackluster and there is no let up in cost pressures. Synlait reported earnings before interest, tax, depreciation and amortization–or Ebitda–of 90.7 million New Zealand dollars (US$54.0 million) in…

Key News Asian equities were lower as the Philippines outperformed and Hong Kong underperformed, while Pakistan was closed for Mawlid-al-Nabi, the celebration of Mohammad’s birth. Real estate headlines surrounding Evergrande’s continued troubles weighed on sentiment. Does the Fed and US government regret allowing Lehman Brothers to go bankrupt? I would…

By David Winning SYDNEY–New Zealand-based Kiwi Property on Monday signaled a 2.4% decline in the value of its real-estate portfolio for the six months through September. The real-estate investment trust said an independent assessment has pointed a 77.1 million New Zealand dollars (US$46.0 million) decrease in the fair value of…

The stock market did follow the September cycles down, but the more important development is the decline in the US and foreign bond markets which fell below the 38.2% retracement levels of their respective entire 1980-2022 bull markets. The picture is the same whether we look at the JGB or…

Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.  Please send tips, or…

Congress has six days to reach a deal to fund federal government before a possible Oct. 1 shutdown, but guests on the Sunday morning talk shows said no deal appeared to be in sight. Transportation Secretary Pete Buttigieg said House Republicans need to “come to their senses” about the looming…

Tesla’s highest-level autonomous driving software, called Full Self Driving or FSD, generates strong opinions. Tesla CEO Elon Musk believes it is the key to trillions in value creation. Detractors call it “vaporware” and dangerous. Barron’s had to see for ourselves. So this reporter has been driving a 2023 Tesla Model…

Americans can order more free Covid-19 tests from the federal government starting Monday, after the Biden administration announced another $600 million for the program it had suspended in May. The website Covidtests.gov will take the orders, asking visitors to enter basic information such as name and address. One order includes…

Madison Square Garden Sports chairman James Dolan said he has no interest in selling the company’s pro sports teams—the New York Knicks and Rangers—and that a partial sale is on the back burner now.Barron’s spoke Friday to Dolan—who is also CEO of Sphere Entertainment (ticker: SPHR) and Madison Square Garden…

Investors should expect more negative earnings surprises in 2H23 than usual. The numerous earnings beats in 1H23 were artificially set up when companies “kitchen-sinked” 2022. By “kitchen-sinked”, I mean S&P Global’s Operating Earnings and GAAP Earnings steadily declined while Core Earnings rose throughout that year. My Core Earnings research is…