July 2023

At the closing bell, the S&P/ASX 200 was 0.2 per cent lower at 7,283.80, marking the second consecutive day of losses. While banks saw some gains, the mining and real estate sectors faced selling pressure. Ansell (ASX:ANN), a prominent rubber gloves manufacturer, experienced a significant drop of 14% due to concerns about rising costs impacting […]

Dr Shane Oliver, Chief Economist at AMP, discusses the impact of interest rates and alternatives for fighting inflation. Stephen Mackinder: We’re joined today by Dr Shane Oliver, who is Head of Investment Strategy and Chief Economist at AMP. Shane has been described as economist extraordinaire, commentator, educator, entertainer, optimist, and Beach Boys fan. Shane has

The recent surge in profits for some of the largest banks in the US may have temporarily overshadowed the banking crisis earlier this year. However, as regional banks prepare to report their earnings this week, reminders of the challenging landscape are emerging and could steal the spotlight. On Friday, JPMorgan Chase and Wells Fargo announced

The Reserve Bank released minutes from its July 6 policy meeting, indicating the possibility of further rate increases depending on upcoming data, including inflation figures to be reported on July 26. The bank emphasised the need to bring inflation back to target but acknowledged the time required for the economy and labour market to adjust

ABx Group (ASX:ABX) announced that their REE Mineral Resource increased by 30% to 27 million tonnes. MD and CEO Mark Cooksey said in response, “Our northernmost discovery hole, located 5km NE of Deep Leads, could become our best prospect because it is 11 metres thick and enriched in permanent magnet rare earths, especially Dy and

The shale industry is witnessing a rapid decline in rig count, reminiscent of the height of the Covid-19 pandemic, despite favourable oil prices. This downturn tells a story of contrasting fortunes between the haves and the have-nots. Private companies, which raced to add rigs as the pandemic waned, have now depleted many of their most

Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world. This includes reports financial institutions, such as Bank of America, Morgan Stanley and Goldman Sachs. Results are also due from United Airlines, Las Vegas Sands and technology giants Tesla and Netflix. Overall, the Dow Jones

At the closing bell, the S&P/ASX 200 was 0.06 per cent lower at 7,298.50. Among the 11 industry groups, four of them recorded declines. Endeavour Group (ASX:EDV), a company heavily reliant on the Victorian poker machine market, saw its shares plummet by 9.9% due to concerns over new poker machine reforms in Victoria. This decline