June 13, 2023

The National Australia Bank (ASX:NAB) reckons the Reserve Bank has two more rate rises left in it to take the cash rate to 4.6% from the 4.1% rate set in last Tuesday’s surprise rise. But that might be a bit too much, if the NAB’s own monthly business survey for May is any guide with […]

Stocks rose Tuesday after new inflation data showed price pressures slowed again in May, adding to investor optimism that the Federal Reserve could skip a rate hike when it next decides on policy this week. The Dow Jones Industrial Average traded 145.79 points higher, or 0.43 per cent, to close at 34,212.12. The S&P 500

A busy return from the King’s Holiday weekend for Rio Tinto (ASX:RIO) with news of a major billion dollar-plus revamp of a key asset in Canada, news of a major manufacturing plan in the Pilbara iron ore province and the loss of one of its most senior managers to a Perth based mining house. Rio

Something was rotten in the state of Denmark for Domino’s Pizza Enterprises (ASX:DMP), so the Brisbane-based pizza company has exited the market. That move and changes mooted elsewhere and a slowdown in the pace of expansion raises the question of whether Dominos has well and truly gone ex growth everywhere as consumers cut spending –

Listed telco, computing and data centre services provider Macquarie Technology Group (ASX:MAQ) is asking big investors for $130 million to help it climb aboard and remain on the AI express. In the company’s first major capital raising since it listed more than 23 years ago, Macquarie announced the issue on Tuesday at a small 7.6%

At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,138.90. The rise was driven by the performance of technology and healthcare stocks. Out of the 11 sectors, eight ended the day in positive territory, with the technology sector leading the gains by rallying 3.8 per cent. WiseTech (ASX:WTC) shares surged by

At noon, the S&P/ASX 200 is 0.07 per cent higher at 7,127.70. The Australian sharemarket experienced a decline of over 2 percent, mainly due to the energy sector’s poor performance. This decline was triggered by a drop in global oil prices, which reached their lowest level since December 2021. During Asian trade on Tuesday, Brent futures

Altech Batteries (ASX:ATC, FRA:A3Y) announced the release of preliminary battery specifications for its CERENERGY battery products. This enables the company to initiate discussions with potential off-take partners. Shares are trading flat at 9.3 cents. Azure Minerals (ASX:AZS) announced broad intersections of high-grade lithium mineralisation. Azure’s MD Mr Tony Rovira said: “These results highlight the exceptional