Stocks

Disney’s latest earnings report left Wall Street “incredibly encouraged” after the entertainment king projected its best annual profit since 2018.

Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.

With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.

Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.

The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.

GLP-1 injectable drugs like Ozempic and Wegovy made up a significant portion of the company’s annual sales.

The China Evergrande Group has US$300-billion in liabilities and was put into liquidation by a Hong Kong judge yesterday. Once the largest property developer in China, the fate of Evergrande is expected to impact Australian exports.

A Hong Kong court on Monday ordered Evergrande to be wound up after more than two years since defaulting on its debts, marking another grim milestone for Hui Ka Yan, once Asia’s richest person.

Microsoft joined Apple in the highly exclusive $3 trillion club Wednesday.

Billionaires around the world are now US$3.3 trillion (AU$5 trillion) richer than they were in 2020, with their wealth growing three times as fast as the rate of inflation, Oxfam’s Inequality Inc report has revealed.