14 Sep 2023 – The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. 3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7 per cent. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.
Dow falls as core inflation data is higher than expected Read More »
The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. The Dow lost 70.46 points, or 0.20 per cent, to 34,575.53 for its second straight decline. Meanwhile, the S&P 500 was up 0.12 per cent to 4,467.44. The Nasdaq Composite added 0.29 per cent to end at 13,813.59. 3M
Dow falls as core inflation data is higher than expected Read More »
On Wednesday, the ASX experienced a decline driven by a sell-off in the technology sector, just before the release of important US inflation data. The S&P/ASX index closed down 0.7%, losing 53 points to reach 7153.9, while the broader All Ordinaries index dropped by 0.8%. Particularly, tech stocks had their worst performance of the month,
ASX closes 0.7% as tech sector experiences sell-off Read More »
Fund Manager Chris Pedersen talks about where to look for growth, looks at ASX100 Aug winners and ASX100 Aug losers, and takes a look at AMP (ASX:AMP), Woodside (ASX:WDS) and GUD Holdings (ASX:GUD).
AMP, Woodside and GUD Read More »
With the US economy showing signs of accelerating growth despite rising interest rates, Chris Bedingfield discusses the impact of shelter costs in driving disinflation. August saw a significant pivot in the global macroeconomic landscape. Since the mini-banking crisis in March (remember that?), market expectations for the US economy have moved from a hard landing to
Investment Perspectives: A big disinflation tailwind is coming Read More »
13 Sep 2023 – A snapshot of the stocks on the move, featuring Chimeric Therapeutics (ASX:CHM), Apollo Minerals (ASX:AON) and Caspin Resources (ASX:CPN).
Stocks of the Hour: Chimeric Therapeutics, Apollo Minerals, Caspin Resources Read More »
Market punters can rest easy now as the sale of a block stake in Viva Energy (ASX:VEA), Australia’s second oil refinery and petrol (Shell) group, has been completed. The Swiss parent company has announced its intention to retain its remaining 30% shareholding “in the short to medium term.” On Tuesday, VEA shares experienced a more
Viva Energy’s block stake sold: Swiss parent stays put Read More »
In a unanimous verdict, the High Court has delivered a significant blow to Qantas (ASX:QAN) and its attempts to justify the sacking of more than 1,680 employees at the height of the pandemic. The High Court’s decision also questions the tactics of former CEO Alan Joyce and the Qantas board in using the pandemic as
High Court rules against Qantas Read More »
Melbourne billionaire Ralph Geminder is taking his Pact (ASX:PGH) packaging group private after conceding that there was very little investor support for the stock. The packaging group’s shares traded as high as $4.55 in 2021 but have since plummeted to just 68¢ due to losses, asset sales, and impairments. At the 2021 price, the company
Melbourne billionaire Ralph Geminder takes Pact packaging group private Read More »
The latest Australian job numbers, to be released on Thursday, will be closely scrutinized to assess whether the surprising job losses in July have been recovered in August and to what extent. The Australian Bureau of Statistics (ABS) reported that in July, the jobless rate rose to 3.75% following a 35,600 increase in unemployment and
August Australian jobs report Read More »
