November 6, 2023

Stocks eked out narrow gains Monday to build on last week’s strong rally, with the Nasdaq Composite notching its longest positive streak since January. The Nasdaq jumped 0.3 per cent to finish at 13,518.78, while the S&P 500 edged up 0.18 per cent to end at 4,365.98. The Dow Jones Industrial Average inched up 34.54

Nearly 40 years after its inception, Europe’s mega low-cost airline, Ryanair, is set to pay its shareholders a regular, first-time ordinary dividend and has announced plans to continue doing so annually, depending on market conditions. This decision comes on the heels of Europe’s largest airline reporting record-breaking revenues and profits for the six months leading

AustralianSuper has moved closer to constructing a blocking stake against the proposed $20 billion takeover offer for Origin Energy (ASX:ORG) from Brookfield of Canada and the smaller EIF group of the US. AustralianSuper told the ASX on Monday that it had lifted its stake in Origin to 15.03% with the purchase of 23.4 million Origin

The ASX experienced a subdued Monday session, with its benchmark index nearing 7000 points for the first time in over two weeks, anticipating the Reserve Bank’s impending cash rate decision. Australia’s central bank is anticipated to raise the cash rate to 4.35 percent during its upcoming monetary policy meeting, marking the first increase since June.

Australia’s S&P/ASX 200 index briefly exceeded 7,000 points for the first time in over two weeks, with a 0.3 percent gain of 20.1 points, as investors exercised caution in anticipation of the Reserve Bank’s cash rate decision on Tuesday. The ASX has since fallen below that figure, currently trading higher by 0.23 percent. Additionally, the

Westpac (ASX:WBC), the country’s second-largest bank, announced on Monday morning that it will reward its shareholders with a final dividend of 72 cents per share, up from 64 cents per share the previous year. This increase will bring the total dividend for the year to $1.42 per share, up from $1.25. In addition to the

Last week marked a potential high point for BYD, the world’s largest producer of electrified vehicles, both battery and plug-in EVs, which may also signify a peak for the global EV and lithium industries. On the positive side, there was confirmation of record quarterly profits for the three months ending in September, record sales in

Shares in emerging WA gold miner Red 5 (ASX:RED) jumped to a 52-week high of 33 cents yesterday after the company’s annual meeting heard an update forecast from the new chair, Russell Clark. Red 5 shares climbed a solid 8% at one stage after the meeting heard Mr. Clark forecast that the company would exceed