May 25, 2023

The Australian stock exchange fell heavily yesterday after the Fitch ratings agency placed its AAA credit rating for America on a negative outlook, meaning a downgrade is imminent if there’s no agreement to lift the US debt ceiling. The news saw US stockmarket futures fall and the US dollar rise, which forced the Aussie dollar […]

The S&P 500 and Nasdaq Composite jumped Thursday as investors cheered the latest quarterly results from Nvidia, fueling a rally in technology stocks. Those moves also came as US debt ceiling talks appeared to progress. The tech-heavy Nasdaq popped 1.71 per cent to settle at 12,698.09, and the S&P 500 climbed 0.88 per cent to

Shares in Treasury Wine Estates (ASX:TWE) fell by nearly 8% yesterday after it both upgraded and downgraded its outlook for its June 2022-23 outlook and revealed plans to restructure much of its operations here and in the US. On the surface the upgrade/downgrade seems an oddity, but TWE provided enough information to support the contention

Adbri (the onetime Adelaide and Brighton) says its first quarter 2023 earnings were “significantly above” the same quarter of 2022 as the company faced stronger demand from a number of sectors, even the depressed residential construction area. The company’s annual meeting on Thursday was told by CEO Mark Irwin that it continues “to see strong

Some news wafted across the Tasman on Thursday from a couple of our Kiwi siblings, insurance group Tower (ASX:TWR) and dairy major Fonterra (ASX:FSF).………… NZ insurer Tower (ASX:TWR) has dropped its interim dividend and put the final in doubt after it was driven deep into the red by the two major rain and flooding disasters

Australia’s stock market experienced its most significant declines in one and two consecutive days over a three-week period, reaching the lowest level in eight weeks. Simultaneously, the Australian dollar reached a six-month low as a result of disappointing economic growth in China and concerns about the US debt ceiling. The financials and materials sectors are

Mad Paws Limited (ASX:MPA) Managing Director Justus Hammer discusses the company’s business model, effects of the macro environment, competition and differentiation, the company’s online marketplace and ecosystem, M&A opportunities, the integration of Pet Chemist and outlook. Tim McGowen: We’re talking today with Mad Paws (ASX:MPA). We have with us the company’s Managing Director, Justus Hammer.

Mamba Exploration (ASX:M24) has announced that drilling at their Hyden REE project has intersected wide & shallow mineralisation of TREO. MD Mike Dunbar commented, “the mineralisation is very widespread, but it is also remarkably consistent within the mineralised intervals.” Shares are trading 38.1 per cent higher at 14.5 cents. European Metals (ASX:EMH, AIM: EMH, OTCQX:

Australian iron ore miners are experiencing a decline in stock prices on Thursday due to rising apprehensions about the demand for steel from China. BHP (ASX:BHP) has dropped 1.1 per cent to $42.34 just before noon. Fortescue Metals (ASX:FMG) was down even further, off by 2.7 per cent to $19.10, while Rio Tinto (ASX:RIO) eased

At last, a change at the Reserve Bank of New Zealand with the world’s most gung-ho central bank slowing its chain of rate rises to just 0.25% at its May meeting yesterday. The lift in the Official Cash Rate (OCR) from 5.25% to 5.50% put the rate will above Australia’s 3.85% and followed a surprise