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The S&P 500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names. The broad market index added 0.57 per cent, closing at 4,489.72. The tech-heavy Nasdaq gained 1.05 per cent, ending the day at 13,788.33. Meanwhile, the Dow Jones Industrial Average advanced by 26.23 points, or 0.07 per […]

At the closing bell, the S&P/ASX 200 was 0.86 per cent lower at 7,277. The main reason for this decline was renewed worries regarding the state of China’s economy, which negatively impacted mining stocks. Specifically, iron ore futures in Singapore fell by 2.4%, closing at US$100.30 per tonne. This decline in iron ore prices led

The S&P/ASX 200 index is currently down 0.92 per cent, with the value at 7,272.80 points. The SPI futures have dropped by 73 points. Breaking down sector performance, Communication Services is the top performer, witnessing a 0.55 per cent increase. Meanwhile, Materials is the worst-performing sector, seeing a decline of 1.6 per cent. Among large-cap

The Australian dollar’s value fell by 0.3% to US64.75¢, marking a two-month low. This decline follows a more than 1% decrease during the previous week, which was the fourth consecutive week of decline. If the Australian dollar goes below US64.56¢, it would reach its lowest point since November of the prior year. The drop in

Shareholders in Argo Investments (ASX:ARG), the country’s second-largest listed investment company, will receive a slight increase in dividend income for the year ending June 30. This comes after a modest rise in earnings during the same period. The financial dividend has been raised to 18 cents per share, up from 17 cents in the previous

Beach Energy (ASX:BPT), 30% owned by Kerry Stokes’ main company, Seven Group Holdings, announced on August 9 that it had appointed Mr Brett Woods as Managing Director and Chief Executive Officer, to start in February 2024 or on such other date as mutually agreed. The statement mentioned that Mr Morne Engelbrecht had concluded his tenure

Shareholders of rail group Aurizon (ASX:AZJ) are facing yet another year of reduced dividends, with a lower final and full-year payout as the company grappled with weak earnings at the end of the financial year. The company reported a substantial 30% slump in underlying net after-tax profit, which stood at $367 million. In comparison, the

A nearly 25% reduction in the size of its final dividend revealed the true story behind JB Hi-Fi’s (ASX:JBH) annual results released on Monday, shedding light on the challenges Australia’s largest home entertainment retailer faces. While some reports focused on the company’s claim of increased market share for the year ending in June, the significant