March 21, 2024

The US Justice Department sued Apple in an antitrust case, claiming that the iPhone maker has a monopoly over the phone market that has harmed consumers, developers, and rival companies. The government claims that Apple’s ecosystem, from the Apple Watch to Apple Pay, supports that monopoly. Apple shares fell more than 4% during trading Thursday, […]

Good news and bad news on Friday from NZ-based Fisher and Paykel Healthcare. Ahead of the March 31 end to its financial year, the company has revealed an upgrade to guidance but it also disclosed that it is facing a hit from a potential fall in property values (which will be a non-cash item in

Continued interest in AI and the big tech stocks provided the momentum to push the three main indexes to new record closes. The S&P 500 closed up 0.3 per cent and the Nasdaq closed up 0.2 per cent. The Dow Jones was the best performing index closing up 0.7 per cent. Turning to US sectors,

WA has three, the Northern Territory has one, now NSW could have a rare earths project all of its own. For that we can thank the US government. Australian Strategic Materials (ASX:ASM) joins Lynas (ASX:LYC), Iluka (ASX:ILU) and Arafura (ASX:ARU) in the rare earths business after Thursday’s announcement. Australian Strategic told the ASX on Thursday

The Australian jobs market is stronger than all those commentators, economists and experts thought a month ago when the January labour force report from the Australian Bureau of Statistics showed a second month of weak data after December’s surprise. Economists, politicians, media writers, brokers and analysts all went on about how the labour market cooled

Australian markets rallied into the close, shrugging off the bigger-than-expected jobs data. Australian employment rose by 116,500 in February versus a consensus expectation of 40,000. The unemployment rate fell to 3.7 per cent. The February employment number and falling jobless rate raised concerns that the RBA is not in a position to cut rates any

The usual one cent a share lift in Brickworks’ (ASX:BKW) interim dividend tells us the statutory and underlying losses for the six months to January 31 were just all numbers and accounting moves. Brickworks’ real business of building materials production and sales in Australia (mostly in NSW and WA) and in parts of the US,

To register for Friday’s webinar click here. APM Human Services International Limited (ASX:APM) announced it has secured the Toronto Catchment in Phase 3 of the Ontario Employment Services Transformation in Canada. This follows additional Job Corps and Workforce contract wins in the US. Shares are trading 2.77 per cent higher at $1.67. Altech Batteries Limited

Australian markets followed the US lead overnight and opened stronger with the S&P/ASX 200 up 0.37 per cent as we approach midday. Australian shares were buoyed by the US Fed guidance for three rate cuts this year, signalling the end of the tightening bias. The SPI futures are pointing to a rise of 50 points.