21 Jul 2023 – A snapshot of the stocks on the move, featuring Mosaic Brands (ASX:MOZ), Victory Metals (ASX:VTM) and Atlas Arteria (ASX:ALX).
Stocks of the Hour: Mosaic Brands, Victory Metals, Atlas Arteria Read More »
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.”
Stocks of the Hour: Mosaic Brands, Victory Metals, Atlas Arteria Read More »
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
Tight jobs market poses risk for controlling inflation in Australia Read More »
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
Tesla shares dive as Musk warns of further price reductions Read More »
21 Jul 2023 – The Dow Jones Industrial Average jumped for a ninth consecutive day overnight. It was the Dow’s best daily winning streak since 2017.
Johnson & Johnson helps the Dow jump for ninth consecutive day Read More »
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
Johnson & Johnson helps the Dow jump for ninth consecutive day Read More »
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
ASX closes 0.02% higher on the back of employment data Read More »
20 Jul 2023 – The ASX is showing positive momentum, rising by 0.17 per cent to reach a level of 7,336. In company news, the big stories are coming from reporting season.
Afternoon Update: Santos, BHP report robust results Read More »
Australia’s largest landlords have recently downgraded the values of their office block portfolios, but investors are seeking deeper discounts amid a significant gap between public and private valuations. While publicly traded commercial real estate markets have experienced a sharp decline, the impact on unit prices has not been fully reflected in asset valuations. This has
Real estate gap causes concerns Read More »
Telstra (ASX:TLS) has confirmed its decision to cut 472 jobs in an effort to automate operations and better compete with software-based communications firms. The company aims to achieve cost savings of approximately $500 million as part of its T25 strategy, which involves an overhaul of its operations and a review of its workforce. The majority
Telstra announces job cuts and automation plans Read More »
