Welcome to the Fear and Green Business News Afternoon Report for Tuesday, the third of December twenty twenty four. Every afternoon we've the five stories have happened today that you need to know about.

Welcome to the Fear and Green Business News Afternoon Report for Tuesday, the third of December twenty twenty four. Every afternoon we've the five stories have happened today that you need to know about.

Stay number one, there's and PA SX two one hundred pushed above eighty five hundred points for the first time today before dipping in the final few minutes to finish up more than half percent to eighty four hundred and ninety five points.

Stay number one, there's and PA SX two one hundred pushed above eighty five hundred points for the first time today before dipping in the final few minutes to finish up more than half percent to eighty four hundred and ninety five points.

That was a record close. Promedicus led the way among the large caps, rising more than three percent, while four to Skew Medals Group, ria Qbe, Brambles, and Aristocrat Leisure all raised around two percent. Worst of the large caps were Wistech Global and Woolworth. Star Entertainment expects to receive the first one hundred million dollars for two hundred million dollar debt facility next week after the Casino Group met preordained conditions that sent its share price up nine percent today, the best of the top two hundred insurance break. The Steadfast Group's share price throws three percent after an internal review found no evidence of being proper incentives or compliance manipulation. A couple of smaller super funds Telstra Super and Equipped Super will merge to create a fund with sixty billion dollars under management and two hundred and twenty five thousand members and Metcash's share price jumps seven and a half percent after investment analysts upgraded stock following yesterday's half year earnings. Story number two, Australia's trade surplus fell to its lowest level in six years during the September quarter. Drops in export prices, particularly of iron ore and coal, are to blame. Now, the current account balance, which includes the trade trade balance plus payments made to local and foreign investors think dividends plus other transfers like foreign aid, came in as a deficit of fourteen point one billion dollars, higher than expected. What it means is that net exports, which is part of economic growth, won't add as much to the September quarter GDP as expected. Now September quarter GDP is due for release at eleven thirty tomorrow morning. Story number three. Law firms are going into non legal advice, picking up partners from the big four consultancy firms as they push beyond their traditional service lines. Minter Ellison now earns about ten percent of its fees as from consulting. According to the Financial Review, the trend is for clients to look at legal firms to provide consultancy work as they shy away from the Big four. We're talking about Deloitte, Ey, KPMG and PwC. Other law firms now offering sulting style services include Ashurst, Clayton, Newts and King and Wood Mallisons. Story number four. Collins Foods, better known to most of us as the licensee of a bunch of KFC stores in Australia, today warned about downbeat consumer spending and a squeeze in its profit margins. Two hundred and eighty five of the seven hundred and fifty KFC outlets in Australia are owned by Colin's Foods. It also has seventy four KFC stores in the Netherlands and Germany, as well as twenty seven Taco Bell stores here in Australia. Now, it's net profit film more than fifty percent, and it cut its half year dividend. Same store sales in six months in Australia to thirty October word flat. In Europe, they were down. Not a good day for the fast food group. That whole market is becoming much more competitive. We've got goodsman E Gomez nowadays, plus a bunch of Korean style fried chicken groups. That's alongside McDonald's, Subay, Domino's, Petezhart, et cetera, et cetera. Collins Foods share price ended down three percent today and story at number five. The boss of Intel, the one time leader in chip making, has been forced out by the group's board, while Samsung has teamed with Jeff Bezos, the Amazon founder, to invest in a Nvidia rival. Starting with Intel, it was really left behind by Nvidia. It used to be the bigger company. Now Intel's worth about one hundred billion US dollars, in Vidia's worth three point four trillion US dollars. Intel's boss, Pat Gelsinger, took the top job three years ago and vowed to restore his pre eminence. Hasn't happened. The AI boom has largely passed into a buy. Its share prices tumbled as a result. On that Amazon Bezos steel They're both invested in a company called tens Torrent. It hopes to take on en Video. It wants to release a chip new chip every two years. By comparison, and Video reckons it will release a new chip every year. For all the hype around AI, only one company, and Video has really made a serious amount of money from it, so tens Torrent is an effort to redress that. As if the afternoon Report for Tuesday, the third of December twenty twenty four, Michael Thompson and I will be back to our morning with the Wednesday edition of Fear and Greed Business News. I'm Jane Elma. Enjoy your evening.

That was a record close. Promedicus led the way among the large caps, rising more than three percent, while four to Skew Medals Group, ria Qbe, Brambles, and Aristocrat Leisure all raised around two percent. Worst of the large caps were Wistech Global and Woolworth. Star Entertainment expects to receive the first one hundred million dollars for two hundred million dollar debt facility next week after the Casino Group met preordained conditions that sent its share price up nine percent today, the best of the top two hundred insurance break. The Steadfast Group's share price throws three percent after an internal review found no evidence of being proper incentives or compliance manipulation. A couple of smaller super funds Telstra Super and Equipped Super will merge to create a fund with sixty billion dollars under management and two hundred and twenty five thousand members and Metcash's share price jumps seven and a half percent after investment analysts upgraded stock following yesterday's half year earnings. Story number two, Australia's trade surplus fell to its lowest level in six years during the September quarter. Drops in export prices, particularly of iron ore and coal, are to blame. Now, the current account balance, which includes the trade trade balance plus payments made to local and foreign investors think dividends plus other transfers like foreign aid, came in as a deficit of fourteen point one billion dollars, higher than expected. What it means is that net exports, which is part of economic growth, won't add as much to the September quarter GDP as expected. Now September quarter GDP is due for release at eleven thirty tomorrow morning. Story number three. Law firms are going into non legal advice, picking up partners from the big four consultancy firms as they push beyond their traditional service lines. Minter Ellison now earns about ten percent of its fees as from consulting. According to the Financial Review, the trend is for clients to look at legal firms to provide consultancy work as they shy away from the Big four. We're talking about Deloitte, Ey, KPMG and PwC. Other law firms now offering sulting style services include Ashurst, Clayton, Newts and King and Wood Mallisons. Story number four. Collins Foods, better known to most of us as the licensee of a bunch of KFC stores in Australia, today warned about downbeat consumer spending and a squeeze in its profit margins. Two hundred and eighty five of the seven hundred and fifty KFC outlets in Australia are owned by Colin's Foods. It also has seventy four KFC stores in the Netherlands and Germany, as well as twenty seven Taco Bell stores here in Australia. Now, it's net profit film more than fifty percent, and it cut its half year dividend. Same store sales in six months in Australia to thirty October word flat. In Europe, they were down. Not a good day for the fast food group. That whole market is becoming much more competitive. We've got goodsman E Gomez nowadays, plus a bunch of Korean style fried chicken groups. That's alongside McDonald's, Subay, Domino's, Petezhart, et cetera, et cetera. Collins Foods share price ended down three percent today and story at number five. The boss of Intel, the one time leader in chip making, has been forced out by the group's board, while Samsung has teamed with Jeff Bezos, the Amazon founder, to invest in a Nvidia rival. Starting with Intel, it was really left behind by Nvidia. It used to be the bigger company. Now Intel's worth about one hundred billion US dollars, in Vidia's worth three point four trillion US dollars. Intel's boss, Pat Gelsinger, took the top job three years ago and vowed to restore his pre eminence. Hasn't happened. The AI boom has largely passed into a buy. Its share prices tumbled as a result. On that Amazon Bezos steel They're both invested in a company called tens Torrent. It hopes to take on en Video. It wants to release a chip new chip every two years. By comparison, and Video reckons it will release a new chip every year. For all the hype around AI, only one company, and Video has really made a serious amount of money from it, so tens Torrent is an effort to redress that. As if the afternoon Report for Tuesday, the third of December twenty twenty four, Michael Thompson and I will be back to our morning with the Wednesday edition of Fear and Greed Business News. I'm Jane Elma. Enjoy your evening.