Telstra profit down as mobile sales slip
SYDNEY, AAP – Telstra’s first-half profit has slipped 2.2 per cent to $1.1 billion, after phone sales and global roaming declined during the pandemic, as well as other revenue. The carrier on Thursday said net profit after tax was down after COVID-19 and the continued costs of customers migrating to the National Broadband Network reduced…
CommSec Daily Report Tueday
Latest News The Aussie market has failed to follow Wall Street higher with another record session for major US indices overnight. The ASX 200 is softer at lunch on Tuesday, down 41 points or 0.6% to 6,839 around midday and trading at intraday lows as it eases back from the 11-month highs hit just yesterday….
Used vehicle prices soar; Darwin cheapest for fuel
Used vehicle prices soar; Darwin cheapest for fuel Petrol Prices; Used vehicle market Fuel prices: Last week the national average price of unleaded petrol fell by 2.6 cents a litre to 132.0 cents per litre (c/l) according to the Australian Institute of Petroleum. Used car prices: According to the Datium Insights – Moody’s Analytics Used…
Firms may get help for electric car fleets
CANBERRA, AAP – Businesses could receive federal government support to upgrade their company cars to electric vehicles and hybrids. The measure is included in the federal government’s future fuels strategy discussion paper, released on Friday. The paper identifies five priority areas including adequate electric vehicle charging and hydrogen refuelling stations. Another is helping commercial fleets…
ASX closes better for third straight day
SYDNEY, AAP – Australia’s share market had its third consecutive day of gains and most sectors were higher. The S&P/ASX200 benchmark index closed higher by 62 points, or 0.92 per cent, to 6824.6 on Wednesday. The All Ordinaries closed higher by 63.4 points, or 0.9 per cent, at 7090.9. The property sector was best, up…
S&P 500 ends higher as Alphabet jumps
NEW YORK CITY, RAW – The S&P 500 has ended higher, registering a third straight session of gains with Alphabet Inc’s shares jumping following strong quarterly results. Alphabet rose a day after its results, as it benefited from lockdowns that drove retail and other advertisers online. S&P 500 companies are on track to post earnings…
Trade minister to attempt talks with India
CANBERRA, AAP – Australia’s new trade minister has flagged support for India to help its agriculture sector in a bid to pave the way towards an aspirational trade deal with the Asian nation. But farmers in India have been engaged in months-long protests against agricultural reforms, with recent rallies turning violent. Trade Minister Dan Tehan…
Amazon founder Bezos to step down as CEO
NEW YORK, PAA – Jeff Bezos, who founded and turned Amazon into an online shopping behemoth, is stepping down as the company’s CEO, a role he’s had for nearly 30 years. He’ll be replaced by Andy Jassy, who runs Amazon’s cloud-computing business. Bezos, 57, will then become the company’s executive chair. In a blog post…
Silver is the new GameStop as price soars
NEW YORK CITY, AP – The erratic trading in shares of underdog companies such as GameStop that turned markets combustible last week appears to have migrated to commodities, sending silver prices surging to an eight-year high. Silver futures jumped more than nine per cent on Monday to $US29.42 an ounce with #silversqueeze trending on Twitter….
ASX down as Wall St conflict continues
SYDNEY, AAP – Australia’s share market was a little lower, and most sectors down, as the GameStop trading controversy continued to unsettle investors. The S&P/ASX200 benchmark index was lower by 10.3 points, or 0.15 per cent, to 6597.1 at 1200 AEDT on Monday. The All Ordinaries was lower by 15.7 points, or 0.22 per cent,…
