Australian shares are set to open higher. Shares in Goldman Sachs tumbled on disappointing results. $A rises, bitcoin briefly trades above $US21,500.
The doom and gloom revealed in recent surveys of economists and CEOs is out of step with results reported by leading retailers.AUD +0.4% to 69.80 US centsIn New York: BHP -1.8% Rio -2.2% Atlassian +0.5%In Europe: Stoxx 50 +0.4% FTSE -0.1% CAC +0.5% DAX +0.4%Brent crude +1.2% to $US85.46 a barrelUS prices as of 12.41pm in New YorkApple rolled out its first new products of 2023, offering faster versions of its high-end MacBook Pro laptops and the Mac mini desktop.
The new 14-inch and 16-inch MacBook Pros look the same as the prior models — which launched at the end of 2021 — but add more powerful M2 Pro and M2 Max chips to replace the M1 Pro and M1 Max processors. The new notebooks mark Apple’s first expansion of the M2 chip, which debuted in the MacBook Air and a low-end MacBook Pro last year.
At the same time costs jumped, driven by compensation, and the New York-based bank earmarked more funds to cover loans that might go sour. That left net income down 69 per cent from a year earlier on a 16 per cent drop in revenue, the company said in a Tuesday statement.also posted a steep drop in net income, down almost 40 per cent from a year earlier on lower revenue, as non-interest expenses came in higher than expected and trading missed estimates.
But overall results at the New York-based bank were higher than analysts expected, with particular strength in wealth management, where Morgan Stanley has benefited from higher net interest income as the Federal Reserve pushed up rates. The shares gained.’s bullion output slid last year to its lowest level since 2000, missing analysts’ expectations and its own target as operational woes curbed production.
Barrick produced 4.14 million ounces of gold last year, marking its third straight decline in annual output, according to preliminary figures released Tuesday by the company. Chief executive officer Mark Bristow had said as recently as Nov. 3 that Barrick was on track to achieve its annual guidance of 4.2 million to 4.6 million ounces, albeit at the lower end of the range.
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