June 24, 2024

Star Entertainment (ASX:SGR) shares were down 7% at lunchtime Monday on the ASX after a pre-end-of-year trading update spelled out gloomy news for the embattled casino group and its banks. The shares were at 45.5 cents (after a low of 45 cents) in the wake of the update, which revealed a slide in revenue, a […]

Shares in online luxury goods seller Cettire (ASX:CTT) fell sharply on Monday after the company surprised investors with a downgrade. Upon closer inspection, it was revealed that the company had been selling goods at little to no profit in the final months of 2023-24. The shares more than halved, hitting a day’s low of $1.15

How quickly the mighty fall, or a correction time for Nvidia so soon after reaching the top. Nvidia shares lost 6.68% on Monday, taking the fall since its peak five days ago to more than 11% and into a correction right at the end of the month and quarter. So it’s no wonder the Dow

The Dow Jones outperformed the two other major indices as investors appeared to rotate out of tech and into financials and utilities, whilst the sell off in Nvidia gathered pace. The Dow finished 0.67 per cent higher, whilst the S&P 500 fell 0.31 per cent and the tech heavy Nasdaq slumped 1.09 per cent for

The final step in Solomon Lew’s slow campaign to regain control of Myer (ASX:MYR) – 35 years after his first attempt failed- has been set in motion with Myer issuing an offer to Lew’s Premier Investments to buy some of his retail chains. News of the possible deal saw Myer shares leap 18% at the

The Australian sharemarket experienced a decline on Monday, influenced by a series of disappointing company updates, leading to increased investor caution ahead of the upcoming monthly inflation report. The S&P/ASX 200 Index dropped by 0.8% (62.3 points) to 7733.7, with ten of the eleven sectors experiencing losses. The All Ordinaries also fell by 0.8%. Cameron

Encounter Resources (ASX:ENR) announced that aircore drilling is expanding the area of shallow, high-grade mineralisation at the Aileron project in the West Arunta region of WA. Continuous near-surface carbonatite has been intersected across four initial aircore drill lines at Crean. Shares are trading 50.72 per cent higher at 52 cents. Premier Investments advises that it

Shares on Australia’s S&P/ASX 200 Index declined at the opening bell due to concerns over potential inflation acceleration prompting the Reserve Bank to consider raising interest rates, contrasting global easing trends. Healthcare stocks, notably ResMed, suffered significant losses following disappointing trial results. Additionally, weakened commodity prices, including a decline in Singapore iron ore futures, impacted