May 2024

US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor concerns that the Fed was losing control of sticky inflation. It was a volatile day for the major averages, with the 30-stock Dow rallying more than 530 […]

No easy gains are left across the Tasman for the newish conservative National Party-led government, with a sharp rise in unemployment, an unwanted pay rise offered, and a surprise opinion poll showing a swing back to the Labour Party, seven months after it lost office. The seasonally adjusted unemployment rate rose to 4.3% in the

Restaurant Brands New Zealand (ASX:RBD) withstood a slowdown in Australia and a downturn in its small Californian operation to report a 7.9% boost in sales to NZ$333 million for the three months ended March. The company said the strong sales growth in the New Zealand and Hawaiian markets offset the slowdown in Australian sales and

On Wednesday, the Australian sharemarket experienced a decline, with the benchmark S&P/ASX 200 Index dropping by 1.2 per cent, or 94.2 points, to 7569.9 points at the close. This decline was attributed to concerns sparked by strong US labour data, leading to fears of prolonged high interest rates by the Federal Reserve due to persistent

To register for Friday’s webinar click here. Adisyn Ltd (ASX:AI1) has announced it has signed a binding agreement with Zettagrid to dispose of it’s VMware cloud platform for a total consideration of up to $1.4 million in cash. Adisyn and Zettagrid to commence strategic partnership for the sale of new cloud services using the Zettagrid

At 11:40am, the S&P/ASX 200 is 1.14 per cent lower at 7,577.10. The SPI futures are pointing to a fall of 93 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is Consumer Staples, down 0.35 per cent. The worst-performing sector is Information Technology, down 2.14 per