June 2023

In May, inflation in Australia dropped to 5.6%, compared to 6.8% in the previous month. This decrease has raised hopes that the Reserve Bank can halt its series of interest rate hikes. Economists had expected a slowdown in annual price growth to around 6% due to lower fuel and travel expenses. The Australian Bureau of […]

Fanatics Betting and Gaming has made an improved proposal to acquire PointsBet’s (ASX:PBH) US business for a headline cash consideration of US$225 million (~A$333 million), representing a 50% increase compared to the previous bid. The PointsBet Board unanimously recommends accepting FBG’s offer, citing the higher price and the certainty of timely completion. The transaction will

Raiden Resources (ASX:RDN) has entered into a transaction to acquire an 80 per cent interest in the Welcome Exploration tenements. These are located in the Pilbara region of WA. Dusko Ljubojevic, MD of Raiden, commented: “With credit to Raiden’s management team, the company has managed to secure prospective ground immediately adjacent to one of the

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

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

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

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

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