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Meta and Microsoft shares jumped after both tech giants posted stronger-than-expected quarterly results on Wednesday, with AI ...
“We now expect that by September, the underlying softness in the economy will make a cut not just justified, but necessary.” ...
According to a note released by CBA, “We expect the Reserve Bank of Australia to cut the cash rate by 25bp in August.” The bank added that “The disinflationary pulse in the economy appears on track ...
Copper prices experienced a significant drop following President Trump’s announcement of a 50 per cent tariff on all semi-finished copper products entering the United States. The market reacted ...
Brent Crude Oil saw a notable increase of 1.4 per cent, reaching $US73.37 a barrel. In related energy markets, global gas prices experienced a slight uptick, influenced by the rise in oil prices and ...
The US economy has shown a stronger-than-expected recovery in the June quarter, prompting Janus Henderson to suggest that recession predictions may be premature. According to Lara Castleton, US head ...
US Treasury yields rose after Federal Reserve chair Jerome Powell struck a hawkish tone, casting doubt on the likelihood of a rate cut at the central bank’s September meeting.
The United States has implemented an additional 40 per cent tariff on goods from Brazil, according to a White House statement. This executive order, signed by President Trump, raises the total tariff ...
US stocks closed mixed on Wednesday, giving up earlier gains after Federal Reserve Chair Jerome Powell dampened expectations for near-term rate cuts. The S&P 500 slipped 0.12% to 6,362.90, the Dow ...
The rebound was driven heavily by a sharp contraction in the trade deficit, with imports falling faster than exports. That distortion flattered the GDP figure, even as core domestic demand — the true ...
The domestic earnings season also ramps up, with Rio Tinto reporting after the bell and earlier updates due from Atlas ...
IGO anticipates a further impairment of between $70 million and $90 million related to the Kwinana refinery assets, which ...