This Analyst Cuts Sonic Automotive’s Earnings Estimates & Price Target Citing Lower Industry Volume Assumptions

Benchmark analyst Michael Ward reiterated a Buy rating on the shares of Sonic Automotive Inc (NYSE: SAH) and lowered the price target from $71 to $62. The analyst said dealers are likely to carry 30% less inventory going forward than in the past, shifting from a discount model to a prestige relationship with consumers, resulting in higher levels of … Read more

Government’s latest annual audit work program goes live

ANAO

The audit strategy of government services for 2022-23 has been released by the Australian National Audit Office (ANAO). The ANAO will tackle 23 broad areas in its audit plan for the next financial year including the Attorney-General’s Department, Defence, Education, Finance, DFAT, Home Affairs, Health and Aged Care.  Under the A-G’s law and justice portfolio, … Read more

Iran has charged 1,000 people over the unrest in Tehran and reportedly plans to hold public trials

Iran Protests

Iran’s hardline judiciary will hold public trials of about 1,000 people indicted for unrest in Tehran, a semi-official news agency said on Monday, intensifying efforts to crush weeks of protests ignited by Mahsa Amini’s death in police custody. One of the boldest challenges to Iran’s clerical leaders since the 1979 Islamic Revolution, the almost seven-week-old … Read more

Dorothy McRae-McMahon, former Uniting Church minister, criticises religious discrimination against LGBQTI+ people

Being persecuted for her beliefs is something the trailblazing former Uniting Church minister Dorothy McRae-McMahon knows all about. “When people say ‘were you famous?‘, I say ‘no, notorious’,” she says with a hint of a smile. “I don’t worry about what people believe. I worry about who they are”: Dorothy McRae-McMahon near her aged care … Read more

PenFed Credit Union Auto Loans: 2022 Review, Rates

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. The bottom line:  PenFed is great for borrowers who want to buy … Read more

What to do if you’re worried about tech exposure in your portfolio

marekuliasz | iStock | Getty Images Some big names suffered large stock losses last week as they reported earnings. Four companies — Google parent Alphabet, Amazon, Facebook parent Meta and Microsoft — collectively shed more than $350 billion from their market cap, the measure of the total value of all of their shares of stock. … Read more

As Xi wields his big stick, Australia should turn to its neighbours

Chinese President Xi Jinping

Tensions between Beijing and Canberra won’t ease for the foreseeable future, so Australia needs to keep looking for markets elsewhere. Chinese President Xi Jinping (Image: AP/Andy Wong) In the week after he was named secretary-general of China’s ruling Communist Party for a third time, Xi Jinping took his six fellow newly appointed members of the Politburo … Read more

Instagram is down and suspending many accounts – here’s what we know

Instagram

Refresh 2022-10-31T21:15:50.227Z (Image credit: Pexels) If you need a last minute Halloween costume idea (VERY last minute indeed), Twitter user and artist Rebecca Zammit has you covered with inspiration taken directly from today’s Instagram outage.  Scariest costume this #Halloween if you ask me🤷🏼‍♀️@InstagramComms #instagramdown #instagramcrash #illustration pic.twitter.com/grSJh2r6s9October 31, 2022 See more We still have no … Read more