Argo Investments maintains dividend

Despite an 8.5% slide in net profit, Argo Investments (ASX:ARG) is holding its interim dividend at 16.5 cents a share. The Adelaide-based listed investment company (LIC) informed the ASX on Monday that the lower result stemmed from a decline in distributions from some of its major investments. It revealed it had sold out of its holdings in Insurance Australia Group and Liontown and accepted bids for Estia Health and Invocare.

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China’s stock market in crisis amidst property slump and IMF’s housing alert

A week before the start of China's Lunar New Year break on February 10, the country's stock market has experienced its worst performance in five years. Despite government support discussions for the market, property companies' concerns overshadowed the market due to the Hong Kong court's decision to order the liquidation of China Evergrande, the country's second-largest developer with $US328 billion in debt.

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Retail sales fall after Black Friday boost, puzzling analysts

Now, this will puzzle the Reserve Bank and all those 'rate rise looms' urgents still breathing in the markets and among the commentariat – as expected, retail sales in December fell after the Black Friday sales event boost in November. However, November was, in turn, weaker than first reported a month ago by the Australian Bureau of Statistics (ABS).

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Wall Street wraps Up 12th winning week amid Fed decision

Wall Street capped off a successful week on Friday, marking its 12th winning week out of the last 13, as investors eagerly anticipated the Federal Reserve's upcoming decision and Chair Jay Powell's remarks. While the market closely watched the central bank, it was the quarterly reports from tech giants Apple, Microsoft, Amazon, Meta, and Alphabet that stole the spotlight, potentially overshadowing the Fed's impact.

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