Cromwell announces further write-down
Brisbane-based Cromwell Property Group has disclosed another significant write-down in the value of its Australian property assets for the six months ending December 31, 2023.
Read MoreBrisbane-based Cromwell Property Group has disclosed another significant write-down in the value of its Australian property assets for the six months ending December 31, 2023.
Read MoreRetail giant Super Retail Group is anticipating a somewhat subdued December half-year performance, revealing a modest 'record' sales achievement for the period on Monday.
Read MoreThe negative forces impacting the EV sector intensified last week, with Tesla unveiling another round of start-of-the-year price cuts in the fiercely competitive Chinese market.
Read MoreAustralian shares are trading lower ahead of Wall Street being closed for Martin Luther King Day.
Read MoreA snapshot of the stocks on the move, featuring Matsa Resources (ASX:MAT), BluGlass (ASX:BLG) and Pilbara Minerals (ASX:PLS).
Read MoreMicrosoft reclaimed its position as the world's most valuable publicly traded company on Friday, surpassing Apple at the market close. This marked a shift in their ongoing competition, as Microsoft previously held the top spot in market cap a decade ago and in 2018, 2019, and 2020.
Read MoreThe Dow Jones industrial Average slipped Friday as traders parsed through the first batch of fourth-quarter earnings and digested the second in a pair of closely watched inflation reports this week.
Read MoreThe first significant earnings report cards from the end of 2023 for four of America’s six biggest banks mirrored the economy itself—resilient in places, weak in others, and marked by a big red warning flag.
Read MoreThis week, we'll witness key events, including US consumer spending and China's release of its 2023 GDP data. In Australia, market attention will focus on job data, while Princess Mary's ascent to Queen of Denmark holds more significance for Australians than the Davos talkfest.
Read MoreU.S. markets observed a trading holiday on Monday due to the Martin Luther King public holiday, leading investors to exercise caution on Friday.
Read MoreCrude prices experienced a notable upswing driven by heightened concerns over potential disruptions to the oil supply chain, following the vow of fierce retaliation by Yemen's Houthi rebels against recent US and UK airstrikes. Additional strikes occurred over the weekend, intensifying market anxieties.
Read MoreThe Dow Jones industrial Average slipped Friday as traders parsed through the first batch of fourth-quarter earnings and digested the second in a pair of closely watched inflation reports this week.
Read MoreA lot of publicity this month surrounds China's BYD topping Tesla in the global new energy vehicle stakes in the final quarter of 2023. However, what was not widely discussed is the intriguing success story of Elon Musk's company in the world's toughest car market.
Read MoreOil prices surged after the US and UK conducted airstrikes on Houthi rebel targets in Yemen in response to the group's attacks on ships in the Red Sea.
Read MoreBuried beneath the attention focused on the US Consumer Price Index release and Middle East events, a low-tier weekly figure highlights the enduring strength of the American job market, despite 11 rate hikes in 21 months.
Read MoreA snapshot of the stocks on the move, featuring Syrah Resources, DigitalX and Alma Metals.
Read MoreStocks moved lower Thursday, shrugging off a fresh round of inflation data that reflected an uptick in consumer prices for December.
Read MoreMicrosoft briefly usurped Apple to become the world's most valuable public company on Thursday. However, the iPhone maker recovered ground to end the session still just ahead.
Read MoreA timely reminder to markets: don't get too ahead of reality when it comes to US inflation. December's Consumer Price Index (CPI) revealed a higher-than-forecast reading.
Read MoreOn Thursday, shares in the Australian stock market rose, with the S&P/ASX 200 gaining 0.5%, driven by a tech rally on Wall Street and the approval of bitcoin exchange-traded funds in the US.
Read MoreAustralian shares are up 0.5 per cent by mid-afternoon, boosted by Wall Street's mega-cap tech stock rally and the approval of US bitcoin exchange-traded funds.
Read MoreThings are not looking good for the small Western Australia (WA) lead and silver miner, Galena (ASX:G1A), with a trading halt on Tuesday turning into a suspension until the end of January on Thursday.
Read MoreIn a major development for the cryptocurrency market, Bitcoin surged past $47,000, and Ethereum jumped over 10% in value after receiving regulatory approval from the United States Securities and Exchange Commission (SEC) to launch spot bitcoin exchange-traded funds (ETFs). This decision is expected to unlock billions of dollars in inflows into the world's largest digital currency.
Read MoreBitcoin surged past US$47,000, and Ethereum saw a more than 10% increase following the approval of spot bitcoin exchange-traded funds (ETFs) by US regulators.
Read MoreA snapshot of the stocks on the move, featuring Norfolk Metals, Aspire Mining and Lumos Diagnostics.
Read MoreBerkshire Hathaway's annual meeting is scheduled for May 4 in Omaha, Nebraska, and it promises to be a historic event due to the absence of Charlie Munger, the company's long-time vice chair and friend of Warren Buffett. This year, Buffett will take the stage alone.
Read MoreUS stocks traded higher Wednesday, with investors awaiting the release of fresh US inflation data and earnings tomorrow.
Read MoreIn November, inflationary pressures eased, as indicated by the monthly CPI data from the Australian Bureau of Statistics. However, for investors and economists seeking signs of a weakening labor market, the latest job vacancies data tells a different story.
Read MoreA significant policy shift by the Reserve Bank has gone unnoticed amid the fuss about inflation at the beginning of the year.
Read MoreFund Manager Chris Pedersen discusses Santos, Platinum Asset Management, Pirelli and Link Administration Holdings.
Read MoreDespite innovative technology, Memphasys (ASX:MEM) has been swimming against the tide in recent times. But with the company poised to bank $4.23 million in a capital raising and having signed expanded distribution agreements, wary investors can expect better times as the company shifts from a research and development focus to commercialisation.
Read MoreWest African Resources (ASX:WAF) announced that it met its 2023 gold production target for its West African mining operations, concluding the year on a strong note.
Read MoreInflation eased in December, ending 2023 at 4.3%, according to the monthly indicator from the Australian Bureau of Statistics on Wednesday.
Read MoreThe Australian sharemarket experienced a decline, driven by falls among mining companies despite a cooler-than-expected inflation gauge. The S&P/ASX 200 dropped 0.7% to 7468 points, with the All Ordinaries following a similar trend. The benchmark index had fallen in five of the last six sessions, resulting in a 1.6% decrease since the start of the year.
Read MoreAustralian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation.
Read MoreA snapshot of the stocks on the move, featuring Gladiator Resources, Kali Metals and Emyria.
Read MoreIn November, inflation in Australia decreased to 4.3%, which was lower than the expected 4.4%, marking a crucial economic data point that will influence the Reserve Bank's upcoming monetary policy decision in February.
Read MoreDespite two major earthquakes, typhoons, floods, and storms in New Zealand, the United States, and Europe, 2023 turned out to be a relatively 'good' year for the world's insurers, with losses and costs not too far from 2022.
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