US banking sector faces downgrades and challenges as ratings agencies express concerns
Following Moody's and Fitch, S&P Global has joined the ranks of ratings agencies expressing concerns about the US banking sector.
Read MoreFollowing Moody's and Fitch, S&P Global has joined the ranks of ratings agencies expressing concerns about the US banking sector.
Read MoreThe S&P 500 fell Tuesday, weighed by concerns over rising Treasury yields ahead of a key speech later this week from Federal Reserve Chairman Jerome Powell, as well as declines in banking and retail shares.
Read MoreOn Monday night, the third major global rating agency issued downgrades or warnings regarding numerous mid-level banks.
Read MoreInvestors in Hong Kong and mainland China have expressed disappointment following the People's Bank of China's (PBoC) modest rate cut and the country's securities regulator's push for share buybacks among Chinese listed companies.
Read MoreShares of online retailer Kogan (ASX:KGN) faced a sharp decline on Tuesday as investors reacted to the company's 2022-23 results. The shares experienced a 16% drop at one point, settling around a 14% decrease by midday. The financials, which lacked encouragement, confirmed that the end of the pandemic and the reopening of the economy had posed challenges, mirroring the struggles faced by many online businesses.
Read MoreAustralian supermarket operator Coles (ASX:COL) has reported a 4.8% rise in its full-year cash profit, amounting to $1.1 billion, driven by a solid surge in revenue from its grocery division.
Read MoreWoodside Energy (ASX:WOO), driven by a surge in oil and gas production following its merger with BHP's petroleum business last year, has posted a remarkable 6% rise in first-half profit, reaching a record high.
Read MoreHUB24, (ASX:HUB), has announced its financial results for the fiscal year ending June 30, 2023, showcasing robust growth across multiple metrics.
Read MoreAt noon, the S&P/ASX 200 is 0.07 per cent lower at 7,110.50, due to losses by key stocks offset a rally in technology shares.
Read MoreAustralian-Argentinian lithium conglomerate Allkem (ASX:AKE) has positioned itself favorably for an impending merger with its US-based counterpart, Livent, following the disclosure of its robust 2022-23 financial performance.
Read MoreContrary to sensational headlines, the 37% drop in earnings and subsequent dividend reduction from BHP, the global resources company, shouldn't come as a shock.
Read MoreA snapshot of the stocks on the move, featuring Lake Resources (ASX:LKE), BBX Minerals (ASX:BBX) and
Nimy Resources (ASX:NIM).
The Nasdaq Composite snapped a four-day losing streak on Monday, even as Treasury yields reached levels not seen in over a decade.
Read MoreElders' (ASX:ELD) shares experienced a decline on Monday following an unexpected earnings downgrade for the 2022-23 financial year.
Read MoreGlobal plumbing supplies group Reliance Worldwide (ASX:RWC) witnessed a decline of over 8% in its shares yesterday as its results for the 2022-23 period fell short of expectations.
Read MoreShares of homewares retailer Adairs (ASX:ADH) experienced a substantial decline of more than 15% during Monday trading.
Read MoreCauldron Energy Limited (ASX:CSU) CEO Jonathan Fisher discusses the company's progress with its portfolio of assets, including the Melrose nickel-copper project in WA.
Read MoreThe S&P/ASX 200 index is currently trading 0.11 per cent lower at a value of 7,140.20. The SPI futures are down by 14 points.
Read MoreStrong indications emerged on Monday that Solomon Lew might consider dismantling his vast $3.5 billion fashion retail conglomerate, Premier Investments, following the unexpected resignation of CEO Richard Murray.
Read MoreReuters reported early on Monday that Asian investors were holding their breath, waiting to see how committed Beijing was to policy easing through anticipated rate cuts. Their fears were met with only a slight 0.10% reduction in the Loan Prime Rate (LPR), from 3.55% to 3.45%.
Read MoreA snapshot of the stocks on the move, featuring Red Metal (ASX:RDM), Gladiator Resources (ASX:GLA) and Charter Hall (ASX:CHC).
Read MoreAmpol (ASX:ALD), following an unforeseen breakdown at its Brisbane oil refinery, has reported a 26% decrease in core net profit for the first half of the year ending in June.
Read MoreWestpac (ASX:WBC) has disclosed an unaudited net profit of $1.8 billion for the quarter ending on June 30.
Read MoreThe A2 Milk Company (ASX:A2M) has announced a notable 27% rise in profit for the fiscal year 2022-23.
Read MoreStocks closed Friday's session with weekly losses, as Wall Street's August struggles continue.
Read MoreThe global events diary slows this week, but that doesn't mean there won't be major events to hold investor attention.
Read MoreThe most significant five days of the June 30 reporting season lie ahead this week, featuring 110 ASX 200 companies set to report their financials. The list is dominated by BHP, which will be unveiling its full-year figures tomorrow.
Read MoreOn Friday, the People's Bank of China (PBOC) set a significantly stronger daily fixing for the yuan, causing the currency to recover from the 9-month low it hit on Thursday.
Read MoreIron ore prices managed to rise, while oil prices ended lower, copper saw a slight increase, gold experienced a decline, and thermal coal prices rose.
Read MoreAugust has proven to be a challenging month for global stock markets, and the ASX is poised to continue its struggle this week. After experiencing a 2.6% decline last week, the ASX is expected to open on a negative note, with the share price index indicating a 23-point drop at the Saturday morning close (Sydney time).
Read MoreTwo months after the removal of bans on Australian coal, Chinese imports of coal from Australia surged to their highest levels in three years during July. China had imposed these bans in 2020, but they were lifted on May 18 this year. In this short span, inbound shipments have seen a remarkable increase, with China also boosting its purchases of Russian and Indonesian coal.
Read MoreGlenn Cross – Chair – EZZ Life Science Holdings (ASX:EZZ) is a genomic life science company with a mission to improve quality of life and human health.
Read MoreAlex Hanly – CEO – Lithium Universe (ASX:LU7) will construct a spodumene-producing mine in Québec to assist Canada's transition towards cleaner energy.
Read MoreCadell Buss – Managing Director – Chilwa Minerals (ASX:CHW) has an advanced-stage heavy mineral sands exploration project in the eastern Zomba district in Malawi.
Read MoreRichard Taylor – Executive Director & CEO – SensOre aims to become the world's top-performing minerals-targeting company through exploration that combines AI technology, big data and vast geoscientific expertise.
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