Money tips from Kerry Packer’s former accountant
Allan Mason, the former accountant to Kerry Packer during the height of his notoriety, speaks about his best-selling book and tips for cutting back tax costs.
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A week packed with economic data and corporate reports
Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Read MoreOil market update
At the end of last week, OPEC remained bullish on oil demand, while US drillers were less optimistic, and US demand remained difficult to gauge, according to traders and analysts.
Read MoreAmerican banks signal economic concerns
On Thursday, American investors received strong hints of growing malaise among Americans as PepsiCo, Delta Airlines, and food group Conagra all reported clear signs of weak consumer support for price rises and weakening sales volumes (or slowing ticket sales in the case of Delta).
Read MoreChina’s commodity trends in June 2024
China maintained a reasonable appetite for key commodities in June, but there was nothing to suggest confidence building for an upturn anytime soon.
Read MoreDow Jones leads broader market higher
Markets resumed their march upwards with the Dow Jones hitting new highs in intraday trading, as investors continued to rotate into the broader market and smaller companies.
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Diary
There’s a job lot of data and events this week to distract investors, but only the timid will care about them, especially when The Bull is striding the world’s bourses, driving momentum and turning the heads of investors large and small away from prudence and the growing list of warnings.
Read MoreGold holds near seven-week highs
Gold steadied near seven-week highs at the close on Friday, while the dollar and yields weakened, despite a report showing US producer prices in June were slightly firmer than expected.
Read MoreASX outlook
Boom, boom for the ASX 200 after last week’s surging end and solid gain for the five days. Another 50-point gain was penciled in for today after the overnight futures market ended strongly early Saturday (Australian time).
Read MoreDisinflation resumes in US, RBNZ pivots, Shares hit record, Surge in shipping costs less threatening
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreUS consumers push back against corporate price hikes
After two years of significant price rises and few apologies, US consumers are starting to get their revenge on corporate America, even as price pressures ease.
Read MoreBYD’s expansion strategy
Chinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the US and the European Union.
Read MoreWinston’s Weekly: Outlook for rate cuts
Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreDroneShield (ASX:DRO) – Webinar Presentation
Oleg Vornik – CEO and Managing Director – DroneShield Limited (ASX:DRO) is a global provider of counter-drone solutions.
Read MorePointerra (ASX:3DP) – Webinar Presentation
Ian Olson – Managing Director – Pointerra Limited (ASX:3DP) provides end-to-end solutions for processing and analysing the key insights from massive 3D data at a new level of speed and scale.
Read MoreASX up 0.86% near noon: REITs soars by 2.3%
Australian shares hit a record high of 7938 points following US deflation data for June, which fueled expectations of impending interest rate cuts by the Federal Reserve. This spurred a shift in investor sentiment towards smaller-cap stocks benefiting from lower rates, reflected in declining US bond yields. At 11:40am, the S&P/ASX 200 is 0.86 per cent higher at 7,957.80.
Read MoreStocks of the Hour: Immutep, Middle Island Resources, Inca Minerals
A snapshot of the stocks on the move, featuring Immutep (ASX:IMM), Middle Island Resources (ASX:MDI) and Inca Minerals (ASX:ICG).
Read MoreImmutep (ASX:BLA) – TACTI-003 positive data in patients with negative PD-L1 expression (cohort B)
Immutep Limited (ASX:IMM) Executive Director and CEO Marc Voigt, Chief Medical Officer Dr Florian Vogl, and Senior Vice President Strategic Development Christian Mueller present on Immutep's latest clinical results.
Read MoreS&P 500s 7-day rally ends as traders shift to small-cap stocks
A multi-day rally for the S&P 500 came to an end after cooler-than-expected inflation data for June pushed traders to bet on more interest rate cuts this year.
Read MoreBig tech names pull back as small caps shine
The S&P 500 and Nasdaq both ended the day in the red as investors looked to rotate out of the big tech names and into small caps and property.
Read MoreSynlait Milk shares surge 52% after key refinancing approval
Synlait Milk (ASX:SM1) shares jumped 52% yesterday after shareholders approved the first step of a complicated refinancing of the struggling company’s debt and finances.
Read MoreWall Street’s mixed reaction to unexpected inflation drop
Wall Street reacted nervously on Thursday to good news on inflation. The Dow was up, but the S&P 500 and Nasdaq were down for the session.
Read MoreBHP suspends nickel mining in WA amid global oversupply
BHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.
Read MoreASX closes 0.9% higher: Investors await US inflation report
The Australian sharemarket experienced a risk-on day, with the benchmark briefly climbing above 7900 points in a broad rally led by the big four banks.
Read MoreWoodside inks new supply deal with Taiwan’s CPC
Shares of Woodside Energy (ASX:WDS) have increased today following the announcement of a significant supply agreement with Taiwan’s CPC Corp, a major player in the petrochemicals industry.
Read MoreThe challenges of container shipping in the current global environment
Container shipping and the web of global transport services linked to it are entering the usual peak season for demand, but this year's scenario planning includes many questions about supply.
Read MoreUranium stocks surge following Kazakhstani tax hike
Uranium stocks are soaring on Thursday following an unexpected hike in uranium extraction taxes in Kazakhstan. This move is anticipated to curb future supply growth from the country, home to the world's largest producer, Kazatomprom.
Read MoreStocks of the Hour: Augustus Minerals, Clara Resources, Taruga Minerals
A snapshot of the stocks on the move, featuring Augustus Minerals (ASX:AUG), Clara Resources (ASX:C7A) and Taruga Minerals (ASX:TAR).
Read MoreASX up 0.88% near noon: Wall Street records big gains
At 11:35am, the S&P/ASX 200 is 0.88 per cent higher at 7,885.40. The rally, fueled by gains in Wall Street's tech giants, saw local sectors like technology and real estate advance
Read MoreElementos tin and copper exploration breakthroughs
Elementos MD Joe David talks about recent high-grade discoveries at the Tasmanian Cleveland project and future exploration plans.
Read MoreSeven Group Holdings announces post-transaction dividend of 30 cents per share
The Stokes family's Seven Group Holdings (ASX:SVW) has followed through on a commitment made in April during its takeover of the minorities in Boral, announcing a post-transaction dividend of 30 cents per share.
Read MoreBP raises oil and gas demand forecasts
BP has increased its forecasts for oil and gas demand, signaling a slowdown in the transition to clean energy. In its annual outlook, the oil major highlighted that renewable power sources like wind and solar are not expanding quickly enough to meet the growing global energy demand.
Read MoreACCC launches legal action against The Good Guys over misleading promotions
The competition regulator, the ACCC, has launched Federal Court proceedings against The Good Guys Discount Warehouses (Australia) Pty Ltd for allegedly making false or misleading representations about their store credit and ‘StoreCash’ promotions, and failing to provide store credit to eligible consumers, in breach of the Australian Consumer Law.
Read MoreTech giants surge to new heights
In the value chain race, Apple remained on top, with its value rising nearly 1.9% to a massive $US3.57 trillion, around $US100 billion ahead of Microsoft, whose value rose nearly 1.5% to around $US3.47 trillion.
Read MoreBig tech leads US markets to fresh highs
Big tech names surged higher leading the broader market to new record highs ahead of the highly anticipated inflation data due out tomorrow US time.
Read MoreThe five reasons why the $A is likely to rise further – if recession is avoided
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Australian dollar.
Read MoreMixed messages in China’s June inflation data
The June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real traction with consumers and depressed sectors of the economy.
Read MoreAnalysis of Johns Lyng Group, Macquarie Technology Group and Rolls-Royce Holdings
Fund Manager Chris Pedersen discusses Johns Lyng Group, Macquarie Technology Group and Rolls-Royce Holdings.
Read MoreChina’s inflation numbers fall short of expectations
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in line with forecasts, data from the National Bureau of Statistics showed on Wednesday.
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