A Double Dose of Cosmetic Surgery, Market Style
Electric vehicle giant Tesla is moving ahead with a share split to make its shares more attractive to investors, while global cosmetic house Revlon is reportly on the verge of collapse.
Read MoreElectric vehicle giant Tesla is moving ahead with a share split to make its shares more attractive to investors, while global cosmetic house Revlon is reportly on the verge of collapse.
Read MoreCommodity prices continue to be both held hostage by and one of the prime causes of the current economic forces at play that are wreaking so much havoc upon markets and economies.
Read MoreThe week ahead is all about the two-day Fed meeting and its rate decision, the wording of the post-meeting statement and new forecasts – especially for US inflation and growth.
Read MoreWhile markets will focus this week on central bank moves and US retail sales, locally the May jobs data and a couple of other releases will tell us how business is handling the rougher conditions.
Read MoreLocal regulators have ignored the opportunity to use Australia’s leading position in key battery minerals such as lithium, nickel and cobalt to set up a futures market in index form.
Read MoreThe fragility in the Chinese economy wasn’t to be found in the exuberantly strong trade data and near-record surplus for May, but look a little closer and many worrying signs remain.
Read MoreDespite a sharp improvement in production of NEVs from its Shanghai plant in May, Tesla has had to cede market leadership in China for a third straight month to the Warren Buffett backed BYD.
Read MoreBank stocks have taken a pounding in the past week and for now the market seems to be ignoring the positive impact rising rates have on bank revenues, earnings and net interest margins.
Read MoreThe European Central Bank (ECB) joined the push to tighten, leaving the Bank of Japan as the only major central bank with ultra-easy monetary policy stance.
Read MoreCleanaway has been forced to reveal its second profit downgrade in six weeks thanks to a fire at its medical waste processing facility in Dandenong, Victoria.
Read MoreChina’s May trade performance was better than forecast as the country’s trade surplus widened sharply, but inconsistency and broad concerns persist as the Covid threat lingers.
Read MoreThe fate of the $8.9 billion US private equity bid for Crown Resorts now rests with WA regulators after their counterparts in Victoria and NSW both approved the deal on Thursday.
Read MoreAurizon’s proposed $2.35 billion purchase of One Rail from Macquarie Asset Management has hit trouble after the ACCC revealed some concerns with the deal regarding competition.
Read MoreThe Outperform rating and $94 target price are maintained.
Read MoreMacquarie, the Commonwealth, the NAB and the ANZ have followed Westpac in announcing they would pass on the full 50 basis point RBA rate increase to their customers.
Read MoreShares in women’s fashionwear retailer Mosaic Brands were crunched 55% Wednesday after the company sprung a bad news downgrade and loss for the year to June on investors.
Read MoreAnother heavy news day among ASX stocks on Wednesday, including earnings upgrades from companies of very different sizes and a somewhat controversial key hire.
Read MoreShares in global toll roads group Atlas Arteria jumped more than 16% Wednesday after infrastructure giant IFM emerged with a 15% stake and an intention to look at making a bid.
Read MoreIn its latest forecast for the global economy, the World Bank has slashed its growth forecast and warned some small and less developed economies face a rising risk of recession.
Read MoreEven though the news was a shock, this time round there was no 29% plunge in the value of shares of giant US retailer Target as we saw in May with a weak first quarter report.
Read MoreA not unexpected response from the independent directors of Chinese-controlled Yancoal Australia to a lowball offer from its parent, deeming it unreasonable in its current form.
Read MoreThe already struggling BNPL sector took a further hit on the ASX Tuesday after Apple announced a major expansion of Apple Pay to Apple Pay Later, a form of buy now pay later.
Read MoreThe RBA has followed its peers in the US and New Zealand, lifting its key cash rate by a large 0.50% to 0.85%, while making it clear increases will continue for some months to come.
Read MoreAn estimated $35 million done and dusted with an exploration well off the WA coast coming up dry and ruining the outlook for two tiddlers, Global Oil and Gas and Prominence Energy.
Read MoreCue the lawyers’ picnic as Elon Musk continues to try and find room to escape his high-priced bid for Twitter.
Read MoreThe consensus for today’s rise in the Reserve Bank’s cash rate now seems to have shifted from 0.4% to 0.25%, which would put the key rate up to a somewhat untidy 0.60%.
Read MoreThe NSW government looks to have cleared the way for public service wages to rise by up to 3% and perhaps a bit more in the next two years, after a surprise announcement on Monday.
Read MoreLithium hopeful Liontown Resources has finally wrapped up a sales deal to sell spodumene concentrate to electric vehicle giant Tesla, a week after it was supposed to be finalised.
Read MoreShares in Cooper Energy rose more than 7% yesterday after its second upgrade in three weeks, thanks to surging demand for gas and especially robust prices in NSW and Victoria.
Read MoreIron ore prices returned to prominence in the minds of investors with a solid rise on the re-opening of Shanghai and moves by the Chinese government to detail a series of stimulus measures.
Read MoreAs inflation continues to spread its wings, this week should see interest rates increased in Australia, Europe and India, with ongoing speculation about more rises from the Fed.
Read MoreSome alarmingly bearish comments about the state of the US economy by Elon Musk and the head of JP Morgan have set the stage for yet another nervy and volatile week on global markets.
Read MoreA rate rise is guaranteed when the RBA meets tomorrow and, as was the case in the run-up to the May meeting, the speculation is about the size of the increase and those to follow it.
Read MoreAll sorts of mixed messages from retailers both off- and online over the past few weeks with many different factors at play. So here’s an in-depth look at where things currently stand for the sector.
Read MoreThis week saw America’s two biggest car makers, GM and Ford, push ahead with their ongoing revamp from old fashioned car makers to full EV rivals of Tesla and other start-ups.
Read MoreAll joking aside, S&P Global’s withdrawal of its 2022 guidance should be seen as an early indicator that all is not well in some corners of the financial markets and perhaps even the global economy.
Read MoreMicrosoft sprung a surprise downgrade on Wall Street on Thursday and the market didn’t fall out of bed, it rose.
Read MoreOPEC+ on Thursday agreed to accelerate oil production in July and August, as Saudi Arabia bowed to US pressure to cool a crude price rally that has threatened to stall the global economy.
Read MoreAustralian exports hit a new all-time monthly high in April, edging over the $50bn mark for the first time and helping the trade surplus exceed $10bn for the first time since January.
Read MoreOil prices dipped on Thursday after media reports said Saudi Arabia would raise oil production should Russia’s output fall substantially under the weight of western sanctions.
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