October 14, 2024

The S&P 500 and Dow Jones Industrial Average reached new records on Monday as investors looked ahead to the next round of key corporate earnings. The broad market index climbed 0.77 per cent to 5,859.85, while the 30-stock Dow advanced by 201.36 points to 43,065.22. Both averages set all-time highs and closed at record levels, […]

More evidence suggests that the Chinese economy is weak, and the patchy stimulus measures announced in the past two weeks may be too little, too late. Over the weekend, consumer price growth slowed alarmingly, with the economy again hovering on the edge of a return to deflation. For manufacturers and producers, deflation deepened once more

Weebit Nano Limited (ASX:WBT) Chairman Dadi Perlmutter discusses the company’s innovative ReRAM technology as a superior alternative to flash memory. ReRAM has huge market potential, usable in devices from cars to smartphones. Abbey Phillipps: I’m Abbey Phillipps with the Finance News Network, and today I’m talking with Chairman David, aka “Dadi”, Perlmutter, from Weebit Nano

Treasury Wine Estates (ASX:TWE) has agreed to pay $65m to settle two class action lawsuits related to its profit downgrade at the start of 2020. The amount will be met out of available insurance proceeds. TWE said the settlement was a “commercial decision” with “no admission of liability”. The court proceedings were started after TWE

An expensive delay for TPG Telecom (ASX:TPG), which has seen a $1bn fall in the price of its fibre network infrastructure assets and its enterprise, government and wholesale fixed business to Vocus Group (ASX:VOC). The deal was done yesterday at a price of $5.250bn. That  includes a future $250m on performance payments. In August last

Hiremii Limited (ASX:HMI) Managing Director and CEO Andrew Hornby discusses revolutionising recruitment through AI integration, touching on the company’s revenue growth, international expansion, and opportunities in the resources and energy sectors. Hamish McCathie: Welcome back to Table for Two, where we delve into the minds of industry leaders shaping the future. Today we’re joined by

Xref Limited (ASX:XF1) has entered an Exclusivity Deed with Seek Limited after receiving a non-binding offer to acquire its shares for $0.2181 each, allowing SEEK four weeks for confirmatory due diligence during which Xref cannot engage with other offers. Shares are trading 55.56 per cent higher at 21 cents. Sunstone Metals Ltd (ASX:STM) has raised

The Australian sharemarket has surged in its first session of the week, drawing strong momentum from US markets and bringing the index within 40 points of the record closing high achieved last month. At 11:45am, the S&P/ASX 200 is 0.32 per cent higher at 8,240.90. The SPI futures are pointing to a gain of 23