June 27, 2023

Cost of living pressures have not dampened the travel industry, according to Qantas (ASX: QAN), as the airline reassures investors that its earnings remain unaffected by rising household bills and higher interest rates. Qantas has reported that its domestic capacity has returned to pre-pandemic levels, with 11 new international routes added since mid-May to meet

Australia Post CEO Paul Graham has observed a weakening trend in parcel delivery volumes as consumers tighten their belts in response to rising interest rates and cost of living pressures. Graham noted that shoppers are seeking to stretch their dollars further by looking for discounts and trading down when shopping online. While he remains optimistic

Australia’s largest health insurer, Medibank (ASX:MPL), has been instructed by the prudential regulator to increase its capital adequacy by $250 million and undergo a targeted technology review following the fallout from the country’s largest data breach. The move comes as the insurer faces consumer class action lawsuits stemming from the October 2022 cyber incident that

Bitcoin Cash (BCH), one of the early offshoots of the original digital currency, has experienced a significant surge in value, more than doubling in the past week. The rally was sparked by the launch of a new cryptocurrency exchange, EDX Markets, backed by prominent firms such as Citadel Securities, Fidelity Digital Assets, and Charles Schwab

Australian billionaire businesswoman Gina Rinehart, through Hancock Agriculture (ASX:HAN), has seized the opportunity presented by the recently signed Australia-UK free trade deal to enter the British beef market. Rinehart introduced her premium beef products, including the renowned wagyu product called 2GR, from Hancock Agriculture and three new high-quality meats from S. Kidman farms (ASX:KID). Emphasising

The Dow Jones Industrial Average rose on Tuesday for the first time in seven days as Wall Street readied for the end of the first half and investors piled back into tech stocks. Overall, the 30-stock index climbed 212.03 points, or 0.63 per cent, to end at 33,926.74. The S&P 500 advanced 1.15 per cent

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the possible recession. Key pointsThe risk of recession globally and in Australia has increased with ongoing central bank rate hikes.Signs of faster wages growth has seen the RBA turn more hawkish. The risk of recession here is now around 50%.Recession would mean

At the closing bell, the S&P/ASX 200 was 0.56 per cent higher at 7,118.20. Shares snapped a consecutive decline over the course of four days, while the banking, real estate, and mining sectors outperformed. The market appears to have absorbed significant selling pressure, potentially linked to the conclusion of the month, quarter, and financial year.

Bega Group (ASX: BGA), Australia’s largest locally owned food group, has issued a warning stating that escalating dairy prices could result in a substantial non-cash impairment of up to $180 million. This impairment is expected to push the company into a statutory loss for the year ending on June 30. In an announcement made to