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Reported by the AFR, the AUD to USD conversion has fallen by 5.4% since the beginning of this year.
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...
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The Australian Bureau of Statistics (ABS) released new industry revenue statistics before the weekend last week, which showed that 10 out of 13 industries were operating at an increase.
While the ABS operates in a lag for information and this data is for February, the stats showed that the Australian mining industry recorded a 9.6% drop in revenue compared to last month, and 13.8% down compared to last ye...
While the ABS operates in a lag for information and this data is for February, the stats showed that the Australian mining industry recorded a 9.6% drop in revenue compared to last month, and 13.8% down compared to last ye...
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We are offering our users a free 3 month trial of NASDAQ's TotalView data!
If you aren't familiar with TotalView, it displays the full order book depth from NASDAQ and is 20x more liquid than Level 2 market data.
If you enjoy your trial, you can pay to extend, if not, then you got to try it for free!
Click the link to register. The trial period starts on the 1st of May and ends on the 31st of July.
If you aren't familiar with TotalView, it displays the full order book depth from NASDAQ and is 20x more liquid than Level 2 market data.
If you enjoy your trial, you can pay to extend, if not, then you got to try it for free!
Click the link to register. The trial period starts on the 1st of May and ends on the 31st of July.
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The $The Star Entertainment Group Ltd(SGR.AU$ share price is dropping today after reporting their quarterly figures for the 3 month period ending on the 31st of March.
If you're not familiar with the group, they own and operate the Treasury Casino & Hotel, The Star Gold Coast and The Star, Sydney.
The company reported a 4.6% year on year decline in net revenue, coming in at $419.2 million, down from $439.5 million in Q3 FY 2023.
Revenue from...
If you're not familiar with the group, they own and operate the Treasury Casino & Hotel, The Star Gold Coast and The Star, Sydney.
The company reported a 4.6% year on year decline in net revenue, coming in at $419.2 million, down from $439.5 million in Q3 FY 2023.
Revenue from...
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News is circulating that Elon Musk is messaging investors for a chance to invest in his startup xAI, which he is building out of X (Twitter).
Based on reports from Bloomberg and Business Insider, the messages are said to have given investors the opportunity the invest through special purpose vehicles, which means they invest via a single entity.
Currently, xAI is seeking investments at a $15 billion pre-money valuation, with ...
Based on reports from Bloomberg and Business Insider, the messages are said to have given investors the opportunity the invest through special purpose vehicles, which means they invest via a single entity.
Currently, xAI is seeking investments at a $15 billion pre-money valuation, with ...
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The war for number 1 electric vehicle continues, and BYD has had a record quarter in Australia for sales, with their market share in the Aus EV market moving up to 16%.
Citi analysts, reported by Market Talk, said that this achievement in sales was helped by BYD's A$2,023 cash back incentive for its Atto 3 electric SUV model.
For the first quarter of the year, the company sold 4,500 cars in Australia, with March contributing 1,600 to that number...
Citi analysts, reported by Market Talk, said that this achievement in sales was helped by BYD's A$2,023 cash back incentive for its Atto 3 electric SUV model.
For the first quarter of the year, the company sold 4,500 cars in Australia, with March contributing 1,600 to that number...
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Today is the last day to participate in our giveaway for the chance to win a moomoo merch bundle and some moo points!
Click here to comment on our post to enter, good luck!
Click here to comment on our post to enter, good luck!
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The ANZ-Roy Morgan Australian consumer confidence rating has shown that Australian consumer's confidence has fallen for a second week in a row - now sitting at 81.9 points.
The current economic environment has kept consumer confidence below 85 points for a record 62 weeks, a full 23 weeks longer than experienced during the 1990s recession, said ANZ economist Madeline Dunk (Morningstar).
In addition, the CPI reading for Marc...
The current economic environment has kept consumer confidence below 85 points for a record 62 weeks, a full 23 weeks longer than experienced during the 1990s recession, said ANZ economist Madeline Dunk (Morningstar).
In addition, the CPI reading for Marc...
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Qantas recently released a press release announcing updates to their popular Qantas Frequent Flyers program.
For those who collect points, this will come as exciting news, as Frequent Flyers will now have access to over 20 million more reward seats with the launch of Classic Plus Flight Rewards.
This move is the biggest expansion to the program in its 35-year history, and will make it easier to travel to places like London...
For those who collect points, this will come as exciting news, as Frequent Flyers will now have access to over 20 million more reward seats with the launch of Classic Plus Flight Rewards.
This move is the biggest expansion to the program in its 35-year history, and will make it easier to travel to places like London...
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Bloomberg Intelligence has released a statement saying that Australian mining company BHP could become the biggest global producer of copper based on their estimates.
BHP could pass the number 1 producer Codelco this year, as long as their Chile mine continues to succeed.
BHP could pass the number 1 producer Codelco this year, as long as their Chile mine continues to succeed.
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