June 20, 2023

Stocks fell Tuesday, the first trading day of the week, as a rally that drove the market to levels not seen in more than a year took a breather. Investors are coming off of a strong week, with the S&P 500 hitting its highest level since April 2022. The S&P 500 and the Nasdaq Composite

Australia is positioning itself as a global powerhouse in the critical minerals sector, with the Albanese government announcing a commitment of $500m from the Northern Australia Infrastructure Facility (NAIF) to kickstart the development of a robust critical minerals processing industry. This move aims to create substantial economic growth and generate over 260,000 new jobs by

Discounted clothing retailer Best & Less (ASX:BST) is the latest in a string of retailers to report declining earnings, with sales dropping 13.2 per cent in the past five weeks. The company attributes the decline to increasing interest rates, which are impacting mortgage holders, low-income families, and workers. Best & Less, known for its affordable

Immutep Limited (ASX:IMM), a clinical-stage biotechnology company focusing on LAG-3 immunotherapies for cancer and autoimmune diseases, has received a new patent from the United States Patent Office. The patent grants Immutep exclusive rights to its innovative product candidate IMP761. Designed as a first-in-class agonist LAG-3 antibody, IMP761 aims to address the root cause of autoimmune

The Reserve Bank board deliberated on keeping official interest rates steady due to growing pressures on households but ultimately chose to raise them out of concern that inflation could become entrenched. Here are the key takeaways:The RBA board expressed concern about recent increases in property prices.It acknowledged that higher interest rates are impacting households unevenly.The

Warren Buffett’s Berkshire Hathaway has increased its stake in Japan’s five largest general trading companies to over 8.5 per cent and has expressed its intention for long-term investment plans. The move comes as Berkshire Hathaway raised its stake in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co, and Sumitomo Corp, signalling its commitment to

The ASX experienced its seventh consecutive day of growth, primarily driven by increases in the energy, real estate, and financial sectors. At the closing bell, the S&P/ASX 200 was 0.86 per cent higher at 7,357.80. This marked the highest closing price since April 20. Almost all sectors, except for health care, showed positive growth during

Southern Cross Media Group (ASX:SXL) announces that ARN Media (ASX:A1N) has acquired a 14.8% stake in the company for $38.3 million. Shares are trading 22.04 per cent higher at 92.75 cents. Brightstar Resources (ASX:BTR) will commence gold mining operations at their Menzies project in WA, with personnel and equipment supplied by BML Ventures. MD Alex