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At noon, the S&P/ASX 200 is 0.37 per cent lower at 7,298. There was a sell-off in the technology sector triggered by disappointing earnings results on Wall Street. The local technology sector tumbled 2.9%, with Xero (ASX:XRO) falling 3.7% to $122.47 and Megaport (ASX:MP1) declining 2.9% to $9.66. Additionally, the tech-heavy Nasdaq index sank 2.05% […]

Japan’s consumer prices showed signs of picking up pace in June, indicating persistent inflationary pressures as the country’s central bank gears up for its policy meeting next week. According to the internal affairs ministry’s report on Friday, prices, excluding fresh food, rose by 3.3% from the previous year, marking a faster increase compared to the

Prominent electric vehicle charging company based in Brisbane, EVOS Energy, has generated significant buzz in the market with a game-changing partnership. The company recently inked a major deal with fuel giant Ampol, marking a pivotal step in the transition towards electric mobility in Australia. As traditional fuel companies, like Ampol, set their sights on a

Mosaic Brands (ASX:MOZ) achieved a significant turnaround, swinging to a $17m profit in FY23 with a 9.6% growth in store-only comparable sales and a 6% decrease in online sales, attributing its success to returning in-store customers and improved cost management. In response, Mosaic CEO Scott Evans, stated “Our customers are back in-store and staying online.”

Australia’s historically low unemployment rate, touted as one of outgoing Reserve Bank of Australia governor Philip Lowe’s notable achievements, could present challenges for his successor, Michele Bullock. Despite the central bank’s efforts to increase interest rates over the past thirteen months, the unemployment rate remains near a 50-year low of 3.5 percent, only marginally higher

The recent disclosure by Tesla’s CEO, Elon Musk, regarding potential further price cuts triggered a near 10% nosedive in the company’s shares to $US262.90. The possible price reductions follow a series of cuts the electric vehicle manufacturer implemented this year, resulting in a decrease in US starting prices ranging from 14% to 28%, depending on

The Dow Jones Industrial Average jumped for a ninth consecutive day overnight. It was the Dow’s best daily winning streak since 2017. But the broader market suffered after post-earnings declines in trader favourites Netflix and Tesla. Shares of Netflix dropped more than 8 per cent after the streaming giant posted revenue that fell short of

At the closing bell, the S&P/ASX 200 was 0.02 per cent higher at 7,325.00. The markets experienced a slowdown in momentum as a result of strong employment data, which led traders to increase their expectations of another interest rate hike by the Reserve Bank on August 1. Futures The Dow Jones futures are pointing to