August 9, 2023

Stocks fell Wednesday as Wall Street awaited fresh inflation data coming later in the week. The Dow Jones Industrial Average lost 191.13 points, or 0.54 per cent, to finish at 35,123.36. The S&P 500 shed 0.7 per cent to 4,467.71. The Nasdaq Composite slipped 1.17 per cent to 13,722.02 Penn Entertainment jumped 9.1 per cent

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the possibility of a recession. Key pointsRapid monetary tightening points to a high risk of recession and, given lags in the way it impacts the economy, just because it hasn’t happened yet does not mean it won’t.However, a combination of falling inflation,

Despite a session marked by mixed performance, the Australian stock market managed to close higher. This was largely attributed to the significant contributions from the nation’s major banks. The S&P/ASX 200 index concluded the day with a 0.37% increase, rising by 25.4 points to reach 7336.5. Similarly, the All Ordinaries index also experienced a comparable

The world’s second biggest economy slid deeper into deflation last month, with no immediate sign of how it can escape this price vice without a massive spending campaign. Consumer prices contracted for the first time in more than two years (since the pandemic), as the government of President for Life, Xi Jinping, struggles to revive

Fund Manager Chris Pedersen discusses the Fitch downgrade, China trade and what he looks for in banks. Companies discussed include:Commonwealth Bank of Australia (ASX:CBA)National Australia Bank (ASX:NAB)ANZ Group Holdings (ASX:ANZ)Westpac Banking Corporation (ASX:WBC)

Private equity group TPG has achieved a significant breakthrough, securing the agreement of funerals group InvoCare for a buyout deal, marking the end of a five-month pursuit. Today, InvoCare (ASX:IVC) announced its acceptance of a $1.8 billion acquisition offer from TPG, which will provide $2.70 per share, a departure from the initial pitch of $12.65,

In the realm of predictions, the future remains uncertain, yet that didn’t deter Elon Musk, the CEO of Tesla and SpaceX, from making a rather striking forecast recently. Musk predicted that the demand for electricity in the United States would triple by around 2045, largely due to the widespread adoption of electric vehicles.  This projection

Next Science (ASX:NXS) has released the findings of a pilot study for their advanced surgical irrigation solution, XPERIENCE™, which demonstrated 54 per cent lower inflammation within 14 days compared to the common reference standard. In response, leading surgeon Dr. Andrew B. Wickline commented, “The results of the study are extremely pleasing as it appears we