September 20, 2023

The Qantas (ASX:QAN) board paid former CEO Alan Joyce $21.4 million as he exited the company, according to the airline’s annual report released Wednesday afternoon. However, the board said it would withhold short-term bonuses until the Australian Competition and Consumer Commission (ACCC) investigation into the airline’s alleged sale of airfares for flights already canceled concludes. […]

A stronger-than-expected US economy led the Federal Reserve to maintain its key interest rate at a 22-year high on Wednesday, signaling support for further rate hikes this year and fewer rate cuts next year. In doing so, the Fed sent a strong message to the markets and doubters that it doesn’t foresee a recession looming

Qantas has been ordered to attend a month of mediation talks with the Transport Workers Union over the illegal sacking of nearly 1700 ground staff in late 2020. Federal Court Justice Michael Lee, on Wednesday, ordered the airline and the union to move into mediation from next week under the guidance of the court’s former

Stocks retreated on Wednesday after the Federal Reserve said it would leave interest rates unchanged but indicated another hike on the horizon. The three major indexes closed at session lows. The S&P 500 dropped 0.94 per cent to 4,402.20. The Nasdaq Composite slid 1.53 per cent to 13,469.13, weighed on by a drop of more

Fund Manager Chris Pedersen discusses US inflation stats, rising food prices & examines 3 companies worth keeping an eye on. Companies discussed:Orica Limited (ASX:ORI)Treasury Wine (ASX:TWE)Medibank Private (ASX:MPL)

The ASX extended its three-day losing streak, with materials and energy stocks declining, as investors awaited rate decisions from the Bank of England, Bank of Japan, and US Federal Reserve in the next 48 hours, which could significantly impact global markets. At the closing bell, the S&P/ASX 200 was 0.46 per cent lower at 7,163.30.

The S&P/ASX 200 is trading 0.62 per cent lower at 7,151.80. Futures The SPI futures are down 46 points. Best and worst performers The best-performing sector is Consumer Staples, up 0.19 per cent. The worst-performing sector is Energy, down 1.92 per cent. The best-performing large cap is Aristocrat Leisure (ASX:ALL), trading 2.95 per cent higher

KMD Brands (ASX:KMD), formerly known as Kathmandu, celebrated a milestone as it exceeded NZ$1 billion in annual revenue for the first time ever. The global chain enjoyed a mostly trouble-free year of trading in its major markets, following a challenging year marred by Covid-19 lockdowns and travel restrictions. The previous fiscal year had seen KMD’s