August 15, 2023

The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth, resulting in an annual wage growth of 3.6 per cent. This is below the projected 3.7 per cent and a decline from the 3.7 per […]

The Australian dollar experienced a decrease in value following the release of second quarter wages data that fell short of expectations. This development strengthens the argument for the Reserve Bank of Australia to maintain current interest rates without making any adjustments. The Australian dollar was trading at 64.7 US cents, down from around 64.9 cents

Lake Resources (ASX:LKE) completes an intermediate milestone to achieve DFS with successful extraction and injection tests at its flagship Kachi Project. In response, Lake CEO David Dickson said, “The tests represent a significant milestone for the Project, as they provide important data and higher confidence for our modelling, which is essential for the completion of

Shareholders of the blood products giant CSL (ASX:ASX) are set to benefit as the company increased its revenue and earnings in the year leading up to June 30. On Tuesday, the company unveiled that it had raised its full-year underlying profit by 10%, reaching $2.61 billion USD ($4 billion AUD), attributed to higher sales in

Treasury Wine Estates (ASX:TWE) is aiming for a stronger performance in 2024, as the year leading up to June 30 proved to be less dire than initially anticipated. Benefiting from its luxury Penfolds division, TWE managed to weather the challenging landscape of 2022-23, positioning itself for a more promising year. The company is reinvigorating its

Hearing device manufacturer, Cochlear (ASX:COH), is poised for a strong performance in the fiscal year 2023-24, following a commendable performance until June. The company predicts underlying net earnings within the range of $355 to $375 million for this fiscal year. Should this projection materialise, it would signify a 16% to 23% enhancement compared to the

Temple & Webster (ASX:TPW), a standout during the pandemic’s online retailing surge, is now on the path to recovery after facing difficulties for most of the 2022-23 financial year. In the year leading up to June, revenue experienced a 7.2% decline, dropping from $426.3 million in the pandemic-fueled year of 2021-22 to $395.5 million. Consequently,

Australia is considering the introduction of a “green tariff” targeting imports of steel and cement from nations such as China, India, and Vietnam. The aim is to level the playing field for Australian producers who are grappling with stringent carbon emission reduction regulations introduced last month. In an announcement scheduled for Tuesday, Climate Change Minister

The integration of AI into business processes is sparking a race to reshape workplaces and tap into significant investment opportunities that could yield substantial gains over the next decade. Across multiple sectors, stocks are poised to surge in value, potentially increasing by five to tenfold, as companies leverage AI to optimize their operations and enhance