It was positive rather than gloomy financial results that drove the Australian stock market into positive territory, even though there are serious concerns about the price of iron ore. Jim Chalmers raised the alarm that there would be a $3 billion hole in the state's coffers if the price of ore remained below the Treasury … Read more
WHY IS ASIC TAKING LEGAL ACTION AGAINST ASX? * The Australian Securities and Investments Commission is suing the ASX for allegedly making misleading statements in 2022 about one of its projects
Ram will permanently end production of the older DS 1500 Series pickup truck later this year and no further examples will be delivered to Australia. Automotive News reports a statement from Ram saying that production of the DS series model, known in the U.S. as the 1500 Classic, will cease this spring, but U.S. sales … Read more
Wall Street's major indexes rose in volatile trading as investors sought bargains after a slump in the previous session. At the same time, dovish interest rate comments from Federal Reserve officials lifted sentiment. Most megacap and growth stocks, which collectively lost $200 billion (A$308 billion) in market value on Monday, gained, while Nvidia recovered 2.3 … Read more