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Now it’s down to talks with Myer (ASX:MYR) as Solomon Lew’s Premier Investments goes cold on its demerger idea of spinning off its successful Smiggle and Peter Alexander chains. The demerger idea—raised earlier this year in March (but rumoured before then)—has been “benched,” as the Financial Review put it, in favour of trying to do […]

A major embarrassment for Macquarie Group (ASX:MQG) and its Macquarie Bank came from a significant reprimand by markets regulator, ASIC. On Wednesday morning, ASIC announced that Macquarie Bank had been fined $4.995 million for failing to prevent suspicious orders from being placed on the electricity futures market. The fine followed an ASIC investigation which found

To register for Friday’s webinar click here. Peppermint Innovation Ltd (ASX:PIL) has partnered with Tagum Coop to launch the Pinoy Coop Mobile wallet. The digital wallet allows Tagum Coop members to transfer funds from their ATM accounts to their digital wallets in real-time. Peppermint will earn transaction fees from the partnership. Shares are trading 14.29

Inflation in Australia decreased to 2.7% in August, down from 3.5% the previous month, marking the first instance since mid-2021 that consumer price data has fallen within the Reserve Bank of Australia’s (RBA) target band of 2% to 3%. This decline is largely attributed to federal government energy bill rebates, resulting in a record annual

So, which was the more logical reaction from ASX investors yesterday? As expected, the Reserve Bank didn’t cut rates and gave us the same old story – rates higher for longer while inflation remains elevated. As a result, bank stocks fell. Shares in the big four banks declined, with NAB down 3.09%, Commonwealth off 2.85%,

The S&P 500 set a new record on Tuesday, overcoming a lacklustre consumer confidence report, buoyed by a significant rise in Nvidia shares. The broad market index increased by 0.25 per cent, closing at 5,732.93, while the Dow Jones Industrial Average gained 83.57 points, or 0.20 per cent, to finish at 42,208.22. Both indices reached

New records for gold were set for a second day this week, with prices getting awfully close to the $US2,700 level for the most active December contract. New 2024 highs were also recorded for the Aussie dollar, which nudged closer to 69 US cents in overnight trading. That strength is starting to put a cap

An auditor’s tick was worth hundreds of millions of dollars on Tuesday to shareholders in Cettire (ASX:CTT), the controversial online luxury goods operator. The company finally produced its audited 2023-24 accounts, and the shares leapt by more than 76% in value by mid-afternoon, as the company shook off a month of investor scepticism about its

Administrators have begun probing why the South Australian dairy group, Beston Global Food Company (ASX:BFC), went bust this week. The administrators will want to determine why the company failed when it appeared to be on track to remain operational. The company blamed what it described in Monday’s statement as “a perfect storm of adverse events”

China has given countries like Australia a lot to ponder with its latest monetary policy easing. While the Reserve Bank here obsesses over inflation and uses a blunderbuss approach, in the form of high interest rates, to try to control it, China faces an entirely different set of pressures that are far more worrisome, pernicious,