US stocks slide as investors assess jobs data and new earnings
Stocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data.
Read MoreStocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data.
Read MoreCauldron Energy (ASX:CXU), a prominent player in the minerals exploration sector, has ushered in a new phase of exploration by announcing the commencement of an Electromagnetic (EM) Survey in the Melrose Project area.
Read MoreStocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.
Read MoreOn Wednesday, the ASX experienced a significant drop in response to a global sell-off that took place overnight. At the closing bell, the S&P/ASX 200 was 1.5 per cent lower at 7,195.20.
Read MoreChina's shift towards deflation is causing concern in financial markets, yet some money managers suggest potential positive outcomes, as lower prices stemming from China's role as a major global producer could lead to reduced costs worldwide.
Read MoreStocks fell Tuesday as concern over the state of the economy – China in particular – and a decline in US banks combined to pressure Wall Street.
Read MoreThe price of gold has dropped to a five-month low due to improved expectations of a gentle economic slowdown in the US and a series of disappointing economic indicators from China.
Read MoreThe S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth.
Read MoreThe Australian dollar experienced a decrease in value following the release of second quarter wages data that fell short of expectations. This development strengthens the argument for the Reserve Bank of Australia to maintain current interest rates without making any adjustments.
Read MoreAustralia is considering the introduction of a "green tariff" targeting imports of steel and cement from nations such as China, India, and Vietnam.
Read MoreThe integration of AI into business processes is sparking a race to reshape workplaces and tap into significant investment opportunities that could yield substantial gains over the next decade.
Read MoreThe S&P 500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names.
Read MoreThe S&P/ASX 200 index is currently down 0.92 per cent, with the value at 7,272.80 points. The SPI futures have dropped by 73 points.
Read MoreThe Panama Canal, which connects the Atlantic Ocean with the Pacific Ocean and divides North and South America, is grappling with an unprecedented traffic jam as the number of vessels waiting to cross has surged to a staggering 154.
Read MoreTapestry, the US-based parent company of lifestyle brands Coach and Kate Spade, is set to acquire the parent company of Versace and Michael Kors, Capri, in a momentous US$8.5 billion takeover, giving rise to a new global fashion behemoth poised to challenge European fashion giants.
Read MoreChinese e-commerce titan Alibaba has unveiled an unexpected surge of 14 percent in year-on-year quarterly sales, defying recent economic challenges and deflationary pressures.
Read MoreFurniture retail giant Nick Scali has exceeded market expectations by achieving a remarkable 26.1% increase in net profit for the full fiscal year, reaching a total of $101.1 million.
Read MoreThe Dow Jones Industrial Average edged higher Thursday, after the July consumer prices gained 3.2 per cent on an annual basis, less than the 3.3 per cent consensus from economists polled by Dow Jones.
Read MoreThe S&P/ASX 200 is trading 0.12 per cent higher at 7,346.70. The SPI futures have risen by 11 points.
Read MoreEuropean natural gas prices surged by nearly 40% on Wednesday, driven by concerns over potential disruptions in global liquefied natural gas (LNG) supply from Australia.
Read MoreAs the US prepares to unveil its Consumer Price Index (CPI) report for July at 10:30 PM on Thursday AEST, economists and analysts are voicing their expectations for the upcoming data release. Here's a roundup of what experts are forecasting:
Read MoreStocks fell Wednesday as Wall Street awaited fresh inflation data coming later in the week.
Read MoreIn the realm of predictions, the future remains uncertain, yet that didn't deter Elon Musk, the CEO of Tesla and SpaceX, from making a rather striking forecast recently. Musk predicted that the demand for electricity in the United States would triple by around 2045, largely due to the widespread adoption of electric vehicles.
Read MoreIn a troubling sign of the times, the Australian retail landscape is grappling with an ongoing decline as retail sales continue to tumble, signaling the harsh impact of the prevailing cost-of-living crisis on consumer spending patterns.
Read MoreStocks retreated Tuesday as an August selloff was reignited by a downgrade of the banking sector by credit rating agency Moody's.
Read MoreGoldman Sachs predicts a continued decline in iron ore prices this year due to a looming surplus in the physical market and increasing worries about China reducing its steel output, with the current 11.6% drop in iron ore futures from their recent high of US$114.95 to US$101.65 per tonne expected to worsen by a further 12%, meeting the criteria for a bear market, following a brief commodity price rally sparked by China's commitment to its property sector that has now waned due to inadequate stimulus and escalating concerns over Chinese steel production cuts.
Read MoreThe Diggers and Dealers Mining Forum, an annual event that brings together industry leaders, investors, and experts in the mining sector, was held for the 32nd time in the historic goldfields town of Kalgoorlie. This year's forum was marked by the presence of 2,500 delegates representing nearly 1,000 companies.
Read MoreEmpire Energy Group (ASX:EEG) has taken a significant step forward in advancing its gas transportation services by entering into an initial agreement with APA Group (ASX:APA), Australia's leading energy infrastructure business.
Read MoreIn a recent ANZ-Roy Morgan survey, consumer confidence took a hit, declining by 3.4 percentage points to 75 last week.
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