Macro News
Federal Reserve Chair Powell: 'The Moment for Interest Rate Cuts Has Arrived'
Federal Reserve Chair Jerome H. Powell announced that the Fed is prepared to cut interest rates, citing easing inflation and concerns about the slowing job market. While Powell did not provide specific details on the timing or extent of the rate cuts, his comments stro...
Federal Reserve Chair Powell: 'The Moment for Interest Rate Cuts Has Arrived'
Federal Reserve Chair Jerome H. Powell announced that the Fed is prepared to cut interest rates, citing easing inflation and concerns about the slowing job market. While Powell did not provide specific details on the timing or extent of the rate cuts, his comments stro...
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By Jinta Hong, CFA
The Democratic National Convention (DNC) 2024, held from Aug 19 to 22 in Chicago, has been a remarkable event, featuring speeches from prominent figures in the Democratic Party. Here’s a recap of key moments, including speeches from Kamala Harris, Tim Walz, Joe Biden, Bill Clinton, Nancy Pelosi, and the Obama couple.
However, during the same period, an 66-year-old Arizona man, Ronald Syvrud,...
The Democratic National Convention (DNC) 2024, held from Aug 19 to 22 in Chicago, has been a remarkable event, featuring speeches from prominent figures in the Democratic Party. Here’s a recap of key moments, including speeches from Kamala Harris, Tim Walz, Joe Biden, Bill Clinton, Nancy Pelosi, and the Obama couple.
However, during the same period, an 66-year-old Arizona man, Ronald Syvrud,...
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• Top gainers: $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$ $IPH Ltd (IPH.AU)$ $Breville Group Ltd (BRG.AU)$
• Top losers: $Spark New Zealand Ltd (SPK.AU)$ $Whitehaven Coal Ltd (WHC.AU)$ $Fletcher Building Ltd (FBU.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ snapped a 10-day winning streak to close almost flat at 8023.9. The utilities sector led the losses, falling 1.3%, followed by energy stocks which closed down 1.1%...
• Top losers: $Spark New Zealand Ltd (SPK.AU)$ $Whitehaven Coal Ltd (WHC.AU)$ $Fletcher Building Ltd (FBU.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ snapped a 10-day winning streak to close almost flat at 8023.9. The utilities sector led the losses, falling 1.3%, followed by energy stocks which closed down 1.1%...
Australia's leading iron ore miners, including BHP Group, Fortescue, and Rio Tinto, are facing significant challenges as iron ore prices plummeted to their lowest since 2022. Concerns are mounting that a global supply surplus is outpacing demand, exacerbated by a crisis within China's steel industry, which is leading to output cuts. This downturn coincides with major miners increasing their exports. $BHP Group Ltd (BHP.AU)$ have...
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G'day, mooers! Check out the latest news on today's stock market!
• Nasdaq, market falls to holding pattern before Jackson Hole
• Shares snap 10-day winning streak, Accent Group, Inghams sink
• Stocks to watch: $Telix Pharmaceuticals Ltd (TLX.AU)$ $Clarity Pharmaceuticals Ltd (CU6.AU)$ $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$
Wall Street Summary
Nine S&P 500 sectors were in decline Thursday, despite a market open that sen...
• Nasdaq, market falls to holding pattern before Jackson Hole
• Shares snap 10-day winning streak, Accent Group, Inghams sink
• Stocks to watch: $Telix Pharmaceuticals Ltd (TLX.AU)$ $Clarity Pharmaceuticals Ltd (CU6.AU)$ $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$
Wall Street Summary
Nine S&P 500 sectors were in decline Thursday, despite a market open that sen...
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• Top gainers: $Codan Ltd (CDA.AU)$ $WiseTech Global Ltd (WTC.AU)$ $Whitehaven Coal Ltd (WHC.AU)$
• Top losers: $Megaport Ltd (MP1.AU)$ $Insignia Financial Ltd (IFL.AU)$ $Corporate Travel Management Ltd (CTD.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.2% higher at 8027.0, hitting its longest run of gains since April 2015 as investors continued to snap up shares in $Brambles Ltd (BXB.AU)$ and $WiseTech Global Ltd (WTC.AU)$. ...
• Top losers: $Megaport Ltd (MP1.AU)$ $Insignia Financial Ltd (IFL.AU)$ $Corporate Travel Management Ltd (CTD.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.2% higher at 8027.0, hitting its longest run of gains since April 2015 as investors continued to snap up shares in $Brambles Ltd (BXB.AU)$ and $WiseTech Global Ltd (WTC.AU)$. ...
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Columns AU Morning Wrap | Australian Stocks Rise on Earnings Reports and Positive Momentum from Wall Street
G'day, mooers! Check out the latest news on today's stock market!
• Some FOMC members ready to cut rates in Sept
• ASX falls but WiseTech, Brambles soar
• Stocks to watch: SKC, MPL,BOQ, etc.
Wall Street Summary
The market climbed after feeling the first day of pullback in nearly two weeks on Wednesday.
Just after 4 pm ET the $S&P 500 Index (.SPX.US)$ climbed 0.42%, the $Dow Jones Industrial Average (.DJI.US)$ traded +0...
• Some FOMC members ready to cut rates in Sept
• ASX falls but WiseTech, Brambles soar
• Stocks to watch: SKC, MPL,BOQ, etc.
Wall Street Summary
The market climbed after feeling the first day of pullback in nearly two weeks on Wednesday.
Just after 4 pm ET the $S&P 500 Index (.SPX.US)$ climbed 0.42%, the $Dow Jones Industrial Average (.DJI.US)$ traded +0...
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• Top gainers: $WiseTech Global Ltd (WTC.AU)$ $Charter Hall Group (CHC.AU)$ $Brambles Ltd (BXB.AU)$
• Top losers: $Ventia Services Group Ltd (VNT.AU)$ $Santos Ltd (STO.AU)$ $Yancoal Australia Ltd (YAL.AU)$
Market Performance
Australia's $S&P 500 Index (.SPX.US)$ closed 0.2% higher at 8010.5, rallying from an early decline to hit its longest winning streak since December 2015.
Investors warmed to earnings reports by $Brambles Ltd (BXB.AU)$, ...
• Top losers: $Ventia Services Group Ltd (VNT.AU)$ $Santos Ltd (STO.AU)$ $Yancoal Australia Ltd (YAL.AU)$
Market Performance
Australia's $S&P 500 Index (.SPX.US)$ closed 0.2% higher at 8010.5, rallying from an early decline to hit its longest winning streak since December 2015.
Investors warmed to earnings reports by $Brambles Ltd (BXB.AU)$, ...
Today, the logistics tech company, $WiseTech Global Ltd (WTC.AU)$, announced a robust FY24 financial outcome. Shares of WiseTech soared 15.10% to reach A$108.63 in morning trade.
Highlights in FY24 financial report
1. WiseTech delivered a robust financial performance in its FY24 report, marking a significant leap in total revenue to A$1.04 billion, a 28% year-on-year increase. The company's cornerstone product, CargoWise, growing by 33%, rea...
Highlights in FY24 financial report
1. WiseTech delivered a robust financial performance in its FY24 report, marking a significant leap in total revenue to A$1.04 billion, a 28% year-on-year increase. The company's cornerstone product, CargoWise, growing by 33%, rea...
G'day, mooers! Check out the latest news on today's stock market!
• Market Pulls Back From After Eyeing Records
• ASX falls but WiseTech, Brambles soar
• Stocks to watch: STO, DMP, IAG, etc.
Wall Street Summary
After opening to a green, ninth session of gains, the market pulled away from all-time highs. If the $S&P 500 Index (.SPX.US)$ closed higher, it would be its longest winning streak for the year, but short...
• Market Pulls Back From After Eyeing Records
• ASX falls but WiseTech, Brambles soar
• Stocks to watch: STO, DMP, IAG, etc.
Wall Street Summary
After opening to a green, ninth session of gains, the market pulled away from all-time highs. If the $S&P 500 Index (.SPX.US)$ closed higher, it would be its longest winning streak for the year, but short...
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