There were two not unexpected results from meetings of two major central banks on Thursday—the Bank of England and the Swiss National Bank. The Bank of England (BoE) maintained its key interest rate, while the Swiss National Bank (SNB) cut its rate for the second time since March. The BoE decided to keep interest rates […]
Central banks update Read More »
The sell-off in Trump Media accelerated Thursday, with shares losing 15% in a day of high turnover. The share price ended the trading day at $US26.75 per share, more than 40% lower than at the start of June, when Trump Media stock was just over $US49 a share. The company’s declining price coincided with a
Trump Media shares plummet amid high turnover Read More »
US markets started the trading day in positive territory with the S&P 500 briefly passing the 5,500 level for the first time ever before giving up early gains and settling lower by the close. The S&P 500 closed down 0.25 per cent and the Nasdaq finished 0.79 per cent lower. The Dow Jones bucked the
Nvidia driven rally finally runs out of steam Read More »
City Chic Collective (ASX:CCX) has confirmed a massive 30% slump in sales for the year ending June 30. This news strongly suggests why the struggling fashionwear retailer is attempting to raise new capital and selling off its US online Avenue business at a loss. The company had its shares suspended from trading earlier this week
City Chic Collective faces 30% sales slump Read More »
As temperatures plummet on the East Coast, a dual threat looms: a shortfall in gas supplies exacerbated by a lack of renewable power generation. The Australian Energy Market Operator (AEMO) has issued a stark “threat notice,” cautioning that current conditions could lead to peak day shortfalls in gas supply across NSW, Victoria, the ACT, South
Potential gas shortages on East Coast Read More »
On Thursday, the S&P/ASX 200 experienced slight losses despite Guzman y Gomez’s successful debut, marking it as the largest IPO since November 2021. The Australian dollar ended the day unchanged at $US66.7¢. Meanwhile, US equity futures indicated optimism with expectations of record highs, while European central banks were set to announce interest rate decisions, shaping
ASX experiences slight losses: GYG makes successful debut Read More »
The New Zealand economy narrowly escaped recession in the three months to March 31, but like Australia, activity remains very weak as it continues to be affected by high interest rates. The economy grew by 0.2% in the three months to the end of March, taking the country out of the shallow recession experienced during
New Zealand economy avoids recession Read More »
To register for Friday’s webinar click here. DroneShield (ASX:DRO) announced it has received an order of $4.7 million from a new non-government Swiss international customer. The vehicle-based solution will offer a rapidly deployable C-UxS platform, that can be operated in both static and On-The-Move (OTM) missions. Shares are trading 0.96 per cent higher at $1.58.
Stocks of the Hour: DroneShield, Terra Metals, Control Bionics Read More »
Australian shares opened without much movement as the market aimed to prevent its third decline in four days this week. Meanwhile, European markets experienced a decline, and trading in Wall Street was halted due to a federal holiday. The spotlight today is on Guzman y Gomez, a major player in burritos, as it prepares to
ASX down 0.11% near noon: Guzman y Gomez IPOs at noon Read More »
Approximately 1,000 miners are facing an uncertain future as Mineral Resources (ASX:MIN) closes its Yilgarn iron ore mining hub in the WA Goldfields region and expands deeper into longer-life mines in the Ashburton and West Pilbara regions of the state. MinRes said in a statement to the ASX on Wednesday evening that its 13-year-old mining
MinRes to close Yilgarn iron ore hub Read More »
