Mixed economic signals weigh on US markets
US stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected.
Read MoreUS stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected.
Read MoreIn the wake of the weaker-than-expected first estimate of US economic growth, it seems US interest rates aren’t going lower for a while longer—perhaps past November’s elections—unless there is a sudden slump in activity between now and then.
Read MoreAlphabet (Google) has transitioned into the sphere of mundane industrials, aligning itself with the likes of Apple and Meta by initiating dividend payments.
Read MoreThe Mag Seven megatech story took a hit as a weak revenue forecast from Meta Platforms caused shares to plunge 16% in after-hours trading on Wednesday, dragging other shares down with them.
Read MoreShares in BHP (ASX:BHP) will come under pressure on the ASX on Friday after it confirmed it had made an unsolicited all-paper takeover offer for Anglo American, with a value of around $60 billion.
Read MoreUS stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected.
Read MoreFor the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected.
Read MoreNo rate rise is expected from the Reserve Bank for most of this year after inflation picked up in the three months to March 31, thanks to another surge in housing costs and the usual start-of-year jump in education-related charges.
Read MoreKogan.com (ASX:KGN) shares slumped 26% on Wednesday after it revealed a surprise 6% decline in gross sales to $178.3 million and a 2% drop in revenue to $105.9 million for the March quarter.
Read MoreFund Manager Chris Pedersen discusses Telix Pharmaceuticals, Bank of Queensland and MAAS Group Holdings.
Read MoreFelicity Walsh, Managing Director of Franklin Templeton for Australia and New Zealand, discusses the launch of two ETFs on the ASX.
Read MoreA snapshot of the stocks on the move, featuring Immutep (ASX:IMM; NASDAQ:IMMP), Western Mines Group (ASX:WMG) and Industrial Minerals (ASX:IND).
Read MoreThe Australian Bureau of Statistics reported a 1% rise in the consumer price index for the three months through March, exceeding market expectations of a 0.8% increase, while the annual CPI slowed to 3.6% from 4.1%, both figures stronger than anticipated.
Read MoreIn the latest session of the ongoing inquiry probing the Star Group's suitability to hold a casino license, alarming revelations surfaced, painting a bleak picture of the company's current state under existing management and board.
Read MoreIn stark contrast to Tesla’s poor performance, rival carmaker General Motors rode the back of its traditional ICE-powered cars (internal combustion engine) to better-than-forecast revenue and profits in the March quarter and gave a strong hint that it expects to start seeing profits from its EV business late this year.
Read MoreThere are some overly optimistic investors in the US—why else would they boost the share price of EV pioneer Tesla after the company reported its worst quarterly performance in more than a decade, revealing a more than halving in profitability in the first three months of the year?
Read MoreUS stocks surged higher as a raft of corporate earnings results came in ahead of expectations.
Read MoreUS stocks surged higher as a raft of corporate earnings results came in ahead of expectations.
Read MoreOn Tuesday, shares surged, driven by a tech-fueled rally on Wall Street, with investors eyeing US corporate earnings and Australian inflation data for hints on the Reserve Bank’s future interest rate decisions.
Read MoreFar Northern Resources Limited (ASX:FNR) Chairman Rod Corps provides an update on the company's gold exploration.
Read MoreBrambles (ASX:BXB) shares fell around 7% in an immediate negative reaction to its third-quarter sales update, despite the company showing that it is on track to meet growth guidance for the year to June.
Read MoreSometimes, some investors are not bright, and others do not really read what companies put out to the ASX. Take Northern Star Resources (ASX:NST), which yesterday issued its March quarterly report, and the shares sold off because it supposedly "missed" forecasts.
Read MoreOn Tuesday, shares opened higher, reflecting a rally on Wall Street amidst subdued geopolitical tensions, with investors focusing on upcoming US corporate earnings such as Tesla and GE. At 11:45am, the S&P/ASX 200 is 0.48 per cent higher at 7,683.40.
Read MoreA snapshot of the stocks on the move, featuring Osteopore (ASX:OSX), Augustus Minerals (ASX:AUG) and Tamboran Resources (ASX:TBN).
Read MoreDe Grey Mining (ASX:DEG) is aiming to finalize the detailed terms of its massive $1 billion financing package for its Hemi gold mine project in WA’s Pilbara by the middle of this year.
Read MoreBoth Moody’s and Fitch have put China on a negative outlook for its credit rating. S&P Global has taken a different stance, suggesting that the country’s fiscal stimulus is running out of steam and might need to be topped up.
Read MoreFriday, it was equities that sold off on higher risk, even though there were signs the Israelis had not really retaliated against Iran. Despite that, gold was boosted by a bit of safe-haven buying.
Read MoreUS stocks bounced back in US trading as Middle East tensions eased and investors turned their attention to the release of major company earnings results.
Read MoreUS stocks bounced back in US trading as Middle East tensions eased and investors turned their attention to the release of major company earnings results.
Read MoreThe Australian sharemarket experienced a modest relief rally on Monday, with the S&P/ASX 200 Index rising by 1.1 per cent to 7649.2 points, partially recovering from the previous week's 2.8 per cent loss amidst eased tensions between Israel and Iran.
Read MoreAir New Zealand (ASX:AIZ) trimmed its annual earnings estimates on Monday, citing cost-of-living pressures leading to softer revenue in domestic travel, as well as more competition on its key North American routes.
Read MoreThe ASX is trading higher on Monday amidst easing tensions between Israel and Iran, with the S&P/ASX 200 rising by 1.4% to 7671 points at the open, partly recovering from last week's 2.8% loss. At noon, the S&P/ASX 200 is 0.94 per cent higher at 7,638.90.
Read MoreA snapshot of the stocks on the move, featuring Base Resources, Lanthanein Resources, Orion Minerals and Novonix.
Read MoreSouth32's (ASX:S32) Groote Eylandt manganese mining and export operations in the Gulf of Carpentaria look set to remain offline for another year following Cyclone Megan, which devastated the area in mid-March.
Read MoreThe US first-quarter reporting season accelerates. Up to Friday, 14 companies in the S&P 500 had reported so far, and this week they will be joined by another 158 (or more than 30% of the index), as well as 11 of the 30 companies in the Dow.
Read MoreAs markets realized that Israel's retaliatory attack on Iran caused little damage, gold lost its early momentum but still managed to hang on to the small gain that left it closing above $US2,400 an ounce on Friday.
Read MoreIron ore prices eased on Friday but still ended the week with a small gain, marking a notable uptrend for April.
Read MoreEarly trading saw oil spike more than 3 per cent and Middle East tensions take centre stage until the limited nature of Israel’s retaliation against Iran became apparent, easing concerns of any further escalation in the region and calming markets.
Read MoreLike gold, oil ran up and then down as the news of the Israeli reply to Iran’s attack earlier in the week waxed and waned in terms of tensions.
Read MoreOne of those weeks (there are four of them) when the most accurate consumer price inflation data comes around—a sure generator of a lot of words, forecasts, and guesses.
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