Trouble Afoot in US Banking Sector
Is a financial crisis developing in the US banking system after Thursday saw the biggest shakeout in financial stocks for three years with two banks especially in the spotlight?
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ASX closes 2.28% lower after selloff in US stocks
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreSmall Step in Right Direction for Chinese Economic Data
China’s economic re-opening from the harsh Covid lockdowns of 2022 is going to be a slow and steady process, judging by the first trade data for 2023.
Read MoreOvernight losses in the US push the ASX 1.65% lower at noon
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: MGU, APM, PRX
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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Knosys Discusses 1H FY23 Results
Knosys Limited MD John Thompson discusses drivers of revenue growth, the roadmap for the company’s three SaaS solutions, onshoring GreenOrbit operations and outlook for the second half.
Read MoreSequoia Financial Group Sells 80% of Morrison Securities
Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole discusses the 80 per cent sale of Morrison Securities to New Quantum.
Read MoreLithium Locals Embroiled in Short Sell Play
Trading in shares of Piedmont Lithium and Atlantic Lithium was halted until Monday to allow the companies to prepare a response to what was enigmatically referred to as “an online report”.
Read MoreInvesting in Luxury: A long runway for growth
Swetha Ramachandran, Manager of GAM Investments’ luxury brands equity strategy, outlines eight reasons why she believes luxury investing has a long runway for growth.
Read MoreMyer Goes Straight to the Top of the 1H23 Retail Class
Myer delivered on Thursday what was arguably the best result from the retailing sector for the first half of the 2022-23 financial year, more than doubling net profit to $65 million.
Read MorePowell and the Fed Have the Bulls On Edge for Now
It will pay to keep a close eye on a couple of US statistics in particular over the next few days – tonight’s jobs data and and then next Tuesday’s CPI report, both for the February period.
Read MoreXero the Latest Techie to Feel the Pinch
NZ accounting software maker Xero has become the latest technology company to announce major staff cuts, telling investors on Thursday it would axe up to 800 roles around the world.
Read MoreBig gains from tech and consumer discretionary boost ASX 0.05%
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreInformation Technology lifts ASX 0.1% at noon
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: PTX, LIN, SLS
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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New Century Now Under New Ownership
Wednesday saw New Century Resources throw in the towel and capitulate to the unsolicited $1.10 per share cash bid from South African precious metals miner Sibanye-Stillwater.
Read MoreSix Quick Updates on Global Nuclear Power Growth
Global X provides some recent updates from around the world on nuclear power, a key technology in the global transition from fossil-fuels to net-zero carbon emissions by 2050.
Read MoreBetter to Be Invested Than Under-Invested
Perennial’s Karen Chan explains why her firm holds the view that 2023 will be a great year for investors who can find trusted managers who demonstrate a ‘through the cycle’ playbook.
Read MoreFed Zigs while RBA Zags in Inflation Battle
Two different economies at different stages of their battle with inflation – but there are some similarities between the US and Australia, as well as one glaring disparity.
Read MoreNEV Data a Needed Turbo Boost for Renewables
Good news from China for producers of renewable metals, with a surge in sales of new energy vehicles in February that should allay lingering concerns caused by January’s soft start.
Read MoreCarsales Lathers Up for Brazilian Foray
Carsales.com is looking for half a billion dollars in a new capital raising to finance its decision to take a controlling stake in Brazil’s biggest online car sales marketplace.
Read MoreEnergy and mining stocks drive ASX 0.77% lower
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreASX down 0.73% at noon as Powell comments hit US stocks
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: SYA, EV1, TYX
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
Read MoreEureka Group: The business of retirement villages
Eureka Group CEO Cameron Taylor provides an overview of the company’s positioning in the industry, strategy, the new Queensland development, as well as some other growth opportunities.
Read MorePowell’s Words a Hot Knife through the Market’s Butter
Federal Reserve chair Jerome Powell sent shivers through financial markets when he told the US Senate, on Tuesday that interest rates may have to rise by more than previously forecast.
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RBA Assures Us this Hike Won’t Be the Last
As expected the Reserve Bank raised its key cash rate for a 10th time by 0.25% to a forecast 3.6%, but again signalled that at least one more rate increase is on the cards.
Read MoreWill Australian Housing Drag Us into a Recession?
Alex Cousley explains why, despite expecting a significant slowing in the local economy throughout 2023, Russell Investments does not believe it will lead to a recession in Australia.
Read MoreMusk’s Rare Earths Rant Drowns Out Price Cut Move
Lost in the fallout from Elon Musk’s comments on rare earth mineral usage was the news that Tesla was cutting prices on some of its US models for the 5th time since the start of the year.
Read MoreA Reality Check for Tech?
Platinum’s Alex Barbi and Jimmy Su share their insights on finding opportunities in the tech sector, which suffered a significant setback in 2022 after two years of bubble-like valuations.
Read MoreInvoCare Comes to Life on Private Equity Bid
Shares in InvoCare – owner of White Lady Funerals, Simplicity Funerals and Le Pine – jumped 37% on Tuesday in early trading after a buyout proposal from US private equity group TPG.
Read MoreCanada Clamps Down on Chinese Mining Investment
Those who moaned after the FIRB Northern Minerals decision should look at Canada, where foreign investment in the resources sector – especially from China – is facing greater scrutiny.
Read MoreASX closes 0.49% higher as RBA lifts rates by 25 basis points
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreASX down 0.12% at noon as investors await RBA decision
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: DRO, SYA, 5GG, MMI
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
Read MoreWebinar Recap – KKO, VRX, 1AD & KNO
Catch up on the full presentations from Kinetiko (ASX: KKO), VRX Silica (ASX: VRX), Adalta (ASX: 1AD) & Knosys (ASX: KNO)
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