Myer (ASX:MYR) met its early August guidance for its July 2022-23 financial year with solid earnings growth but experienced a weak start to 2023-24. Shareholders, however, will receive a final dividend of one cent per share, a significant decline from the 2.5 cents per share paid as the final dividend for 2021-22. Nevertheless, the full-year […]
Myer reports mixed financial year results Read More »
Argent Minerals Limited (ASX:ARD) announced the completion of the second helicopter-borne rock chip reconnaissance survey over the Copperhead Project within the Gascoyne Region of Western Australia. Argent Minerals, Managing Director commented: “We are delighted to have independent confirmation of several styles of mineralisation which might be hosted within our Copperhead Project.” Shares are trading 4.76
Stocks of the Hour: Argent Minerals, Flynn Gold, American Rare Earths Read More »
14 Sep 2023 – The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. 3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7 per cent. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.
Dow falls as core inflation data is higher than expected Read More »
The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. The Dow lost 70.46 points, or 0.20 per cent, to 34,575.53 for its second straight decline. Meanwhile, the S&P 500 was up 0.12 per cent to 4,467.44. The Nasdaq Composite added 0.29 per cent to end at 13,813.59. 3M
Dow falls as core inflation data is higher than expected Read More »
On Wednesday, the ASX experienced a decline driven by a sell-off in the technology sector, just before the release of important US inflation data. The S&P/ASX index closed down 0.7%, losing 53 points to reach 7153.9, while the broader All Ordinaries index dropped by 0.8%. Particularly, tech stocks had their worst performance of the month,
ASX closes 0.7% as tech sector experiences sell-off Read More »
Fund Manager Chris Pedersen talks about where to look for growth, looks at ASX100 Aug winners and ASX100 Aug losers, and takes a look at AMP (ASX:AMP), Woodside (ASX:WDS) and GUD Holdings (ASX:GUD).
AMP, Woodside and GUD Read More »
With the US economy showing signs of accelerating growth despite rising interest rates, Chris Bedingfield discusses the impact of shelter costs in driving disinflation. August saw a significant pivot in the global macroeconomic landscape. Since the mini-banking crisis in March (remember that?), market expectations for the US economy have moved from a hard landing to
Investment Perspectives: A big disinflation tailwind is coming Read More »
13 Sep 2023 – A snapshot of the stocks on the move, featuring Chimeric Therapeutics (ASX:CHM), Apollo Minerals (ASX:AON) and Caspin Resources (ASX:CPN).
Stocks of the Hour: Chimeric Therapeutics, Apollo Minerals, Caspin Resources Read More »
Market punters can rest easy now as the sale of a block stake in Viva Energy (ASX:VEA), Australia’s second oil refinery and petrol (Shell) group, has been completed. The Swiss parent company has announced its intention to retain its remaining 30% shareholding “in the short to medium term.” On Tuesday, VEA shares experienced a more
Viva Energy’s block stake sold: Swiss parent stays put Read More »
In a unanimous verdict, the High Court has delivered a significant blow to Qantas (ASX:QAN) and its attempts to justify the sacking of more than 1,680 employees at the height of the pandemic. The High Court’s decision also questions the tactics of former CEO Alan Joyce and the Qantas board in using the pandemic as
High Court rules against Qantas Read More »
