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Appen’s (ASX:APX) shares experienced a significant 29% drop until 1pm yesterday as the company unveiled a set of interim results marked by substantial losses and declining growth, triggering investor concern. Facing an impending six-month period of challenges and limited gains, the company foresees further cost reductions and potential job cuts to counteract the ongoing revenue […]

Retail sales in the 2023-24 fiscal year commenced on a robust note, with sales showing a seasonally adjusted increase of 0.5%, as revealed by preliminary data from the Australian Bureau of Statistics on Monday. This surge followed a significant 0.8% decline in June, which had come on the heels of a sales-induced rise of 0.8%

The Australian dollar rebounded from a nine-month low on Monday, climbing to US64.27¢. This rise followed a week of flat performance, breaking a streak of five consecutive weeks of losses. The currency had previously hit its low point of US63.63¢ in mid-August due to China’s weakening economic prospects and the interest rate gap between the

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week             After three weeks of falls, global share markets managed

In July, there was a 0.5 percent increase in Australian retail sales, surpassing the anticipated 0.3 percent rise and recovering from an unexpected decline the previous month. This growth in July contrasts with a 0.8 percent decrease in June 2023 and a corresponding 0.8 percent expansion in May 2023. Ben Dorber, the ABS head of

Tamboran Resources (ASX:TBN) has signed two non-binding Letters of Intent with Alinta Energy and ENGIE. Managing Director and CEO, Joel Riddle, said: “We continue to experience significant interest in purchasing low-reservoir CO2 gas from our Beetaloo Basin assets delivered into the East Coast over the long term.” Shares are trading 3.7 per cent higher at

China’s economy faces ongoing trials marked by persistent weak economic data, which is expected to persist as August draws to a close. On Thursday, August 31, the results of the monthly surveys for the manufacturing and service sectors are due to be released. These final figures are unlikely to present an optimistic picture, aligning with

Following Friday’s significant surge, it appears that Federal Reserve Chair Jay Powell’s ability to influence market sentiments has diminished. His Jackson Hole speech last Friday bore striking resemblance to his address at the same event a year ago when he cautioned about the forthcoming ‘pain’ in tackling inflation—a warning that prompted market declines. In contrast,