SYDNEY, AUSTRALIA - DECEMBER 06: Pedestrians and shoppers move along George Street on December 06, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Australia's inflation rate soared to 4.09% in the first quarter, marking its highest level in more than two years. The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters, but...
SYDNEY, AUSTRALIA - DECEMBER 06: Pedestrians and shoppers move along George Street on December 06, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Australia's inflation rate soared to 4.09% in the first quarter, marking its highest level in more than two years. The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters, but it still raises the prospects of an interest rate hike by the Reserve Bank of Australia. The data also comes ahead of the Reserve Bank of Australia's policy meeting next week. The central bank raised rates to 4.1% at its March meeting, the highest level since April 2025. "Developments in the Middle East remain highly uncertain, but under a wide range of possible scenarios could add to global and domestic inflation," the RBA said after the March meeting . The board said it expects inflation to remain above its 2%–3% target for some time. RBA Governor Michelle Bullock said board members agreed that rates may need to rise further, though they differed on timing. Minutes from the meeting showed policymakers viewed inflation as still "too high" and said a near-term increase may be needed . "The rise in oil prices had further increased the risk that inflation would remain above target for a prolonged period," the minutes said. Australia's economy grew 2.6% from a year earlier in the fourth quarter, its fastest pace in two years, beating expectations. This is breaking news, please check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
4月27日,英国最高法院正式开庭审理 Tesla v InterDigital/Avanci 案。 本案听证时间为2026年4月27日至29日。 案件要审理的问题,最终很可能会落到一个很具体的数字上, 一辆车32美元。 放在一台智能汽车的整车价格里,这个数字看起来并不贵。但Tesla这一次不打算认了,不仅是这个数字,还有这个数字背后的许可逻辑。 在Tesla看来,它要面对的不是单个标准必要专利权利...
Earnings Call Insights: Magnachip Semiconductor Corporation (MX) Q1 2026 Management view "Total Q1 consolidated revenue from continuing operations... was $46.2 million" and was "around the midpoint of our guidance range of $44 million to $48 million" (CFO Shin Young Park). "Q1 came in stronger than typical seasonality would suggest" and management tied part of the strength to "our previously commu...
Earnings Call Insights: Magnachip Semiconductor Corporation (MX) Q1 2026 Management view "Total Q1 consolidated revenue from continuing operations... was $46.2 million" and was "around the midpoint of our guidance range of $44 million to $48 million" (CFO Shin Young Park). "Q1 came in stronger than typical seasonality would suggest" and management tied part of the strength to "our previously communicated onetime sales incentive program to reduce channel inventory," adding that it "creates some short-term variability in revenue" (Chairman of the Board & CEO Camillo Martino). "We continue to face pricing pressure on legacy products, particularly in China" and "product competitiveness is the key to winning" (CEO Martino). "We launched 55 new generation products in 2025, and we are now aiming for another 55 new generation products in 2026" and management reiterated the mix objective: "we expect new generation products to comprise approximately 10% of our total revenue in the fourth quarter of 2026" (CEO Martino). "Consolidated gross profit margin from continuing operations was 15.6%" and management attributed the year-over-year decline primarily to "an unfavorable product mix, driven mainly by ASP erosion, particularly in China" (CFO Park). Outlook "For Q2 2026, Magnachip currently expects consolidated revenue... to be in the range of $44.5 million to $48.5 million" and "consolidated gross profit margin... to be in the range of 17% to 19%" (CFO Park). Management framed Q2 seasonality against Q1’s channel actions: "Q1 revenue came in stronger than typical seasonality due to the onetime sales incentive program" and Q2 is expected to be "roughly flat sequentially" at the midpoint (CFO Park). A specific second-half driver was flagged: "a planned upgrade to the electrical substation by a service provider in Gumi is expected in Q3 and will have an impact on our factory operations" (CFO Park). Margin cadence guidance was explicit: "we would expect our factory utilization rate ...