Wall St snaps four-session winning streak
NEW YORK CITY, RAW – Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks closing lower after Facebook-owner Meta Platforms’ dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech. Meta shares sank, as it blamed Apple’s privacy changes and increased competition…
Aust shares slip despite miners’ strength
SYDNEY, AAP – Big gains for the mining giants were not quite enough to raise a weaker Australian share market, which was weighed down by a US technology behemoth. BHP and Fortescue Metals each gained three per cent and Rio Tinto rose two per cent on Thursday on higher iron ore prices. However, Facebook owner…
Top cricketers join war on climate change
BRISBANE, AAP – Top Australian cricketers have gone into bat against climate change, setting up a new organisation to reduce the sport’s footprint. Test captain Pat Cummins says few sports are more imperilled by global warming and it’s time for clubs and cricketers at every level to step up and be part of the solution….
ASX little changed despite negative leads
SYDNEY, AAP – ASX trade has done remarkably well given big losses on world markets and the Reserve Bank upgrading its forecast for inflation this year. The Australian market was little changed on Friday, although it slipped a little after the RBA published its monetary policy statement. The inflation forecast to December was upgraded from…
The Aussie car market in January
ADELAIDE, AAP – TOP SELLING CAR COMPANIES IN JANUARY: * Toyota 15333 * Mazda 9805 * Mitsubishi 6533 * Kia 5520 * Hyundai 5128 * Ford 4528 * MG 3538 * Subaru 2722 * Isuzu Ute 2715 * Nissan 2334 TOP SELLING CARS IN JANUARY: * Toyota Hi-Lux 3591 * Ford Ranger 3245 * Mazda…
Finance providers punished for spam, calls
SYDNEY, AAP – Three financial services providers have broken spam and telemarketing laws and more are under scrutiny to prevent them offering quick loans to vulnerable people. The Australian Communications and Media Authority has found three companies called or sent emails and texts with unsolicited financial offers. The chief culprit was Phoenix Securities, which sent…
Construction activity slumps due Omicron
CANBERRA, AAP – Australia’s construction industry suffered a slump over December and January due to the impact of the Omicron variant, continuing the sector’s volatile run over the past six months. The Australian Industry Group/Housing Industry Association performance of construction index dropped 11.1 points to 45.9 over December and January, cutting short a recovery in…
Forget coal and gas for prosperity: poll
CANBERRA, AAP – Voters believe the future prosperity of NSW and Queensland won’t be found in coal or gas, a poll shows. Some 60 per cent see a future in clean industries, including renewable energy manufacturing and exports, and mining for battery minerals, the survey released on Thursday has found. Months out from a federal…
Wall St makes it four straight gains
NEW YORK CITY, RAW – All three Wall Street benchmarks closed higher on Wednesday, a fourth straight session of gains after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices. Alphabet rose after reporting record quarterly sales on Tuesday, and said it plans to undertake a…
Forrest takes on Facebook over scam ads
SYDNEY, AAP – Fortescue Metals boss Andrew Forrest has launched criminal proceedings against Facebook claiming the social media giant failed to stop clickbait advertising scams using his image. The action alleges the tech giant breached federal anti-money laundering laws and is being taken in the Magistrates Court of Western Australia, Dr Forrest’s home state. It…
