Wall Street, Nasdaq start 2022 with falls
NEW YORK CITY, RAW – Wall Street has wrapped up the first week of the new year with daily and weekly losses as investors worried about looming US interest-rate hikes and unfolding Omicron news. The Nasdaq posted its biggest weekly percentage fall since February 2021 and led declines for the day in the major indexes….
ASX limiting losses, miners forging gains
SYDNEY, AAP – Shares on the ASX were doing better than investors might have expected given gloom in the US following the jobs report on Friday. The Australian indices were only a little lower on Monday as gains of more than one per cent for energy and materials shares offset losses across most other categories….
Leading CFD broker TMGM gears up for AO22 with announcement of new marketing campaign
Major Australian Open sponsor TMGM is back for AO22 with exciting new marketing initiatives. [SYDNEY, 7th January 2022] – The Australian Open tennis tournament that’s broadcasted globally is once again returning for another season. AO22 is highly anticipated as Tennis Australia welcomes back fans to Melbourne Park for the live event. The Official Online Trading…
Spending plummets to lockdown lows
CANBERRA, AAP – Australia is not in lockdown, but we might as well be from a spending perspective. That is according to ANZ data, which shows national spending has dramatically fallen back to lockdown levels, with hard-hit Sydney and Melbourne showing figures even further below the national average. And Sydney’s total spending is at its…
Josh Giddey to join crypto gaming world
SYDNEY, AAP – Australian NBA star Josh Giddey has joined the growing ranks of professional athletes dabbling in cryptocurrency and will help develop digital fashion items for gamers. The Oklahoma City Thunder rookie will let his image be used for unique digital outfits or items gamers can buy and add to their on-screen character. These…
ASX rises to end first 2022 trading week
SYDNEY, AAP – A broad-based rally has ensured a strong finish to the first week of ASX trade in 2022. The market gained 1.29 per cent on Friday after stocks were hammered the previous day due to fears of earlier US rate hikes. Energy and financials were the top performing categories in the latest session….
Woolworths leaves Wesfarmers to chase API
SYDNEY, AAP – Woolworths has withdrawn its bid for Australian Pharmaceutical Industries (API), leaving Wesfarmers as the only suitor for the Priceline Pharmacy owner. Woolworths has examined the financial accounts of API but on Friday said it could not ensure the financial returns would meet those required by its capital allocation framework. The retail giant…
CommSec Daily Download Friday 7 January 2022
S&P/ASX 200 SPI futures are pointing up despite a continued sell-off in the US markets. Today’s Announcements: James Hardie Industries (JHX) terminates CEO, provides upgrade in guidance | Magellan Financial Group (MFG) releases funds under management update | West African Resources releases update ahead of record December quarter | Pinnacle Investment Management (PNI) discloses fees…
Trump social media app to launch in Feb
WASHINGTON, D. C., RAW – Former US president Donald Trump’s new media venture plans to launch its social media app Truth Social on February 21, according to an Apple App Store listing. Truth Social, the Trump Media & Technology Group rival to Twitter, is available for pre-order before going live on the US Presidents’ Day…
Latest on worldwide spread of coronavirus
WASHINGTON, D. C., RAW – EUROPE * German towns have appealed to authorities for less “flying by the seat of your pants” and more “forward thinking”, as the country looks likely to miss its vaccination target for January. * France reported 261,481 new COVID-19 infections on Thursday, fewer than the record of more than 332,000…
