Aussie billionaires rake in $100m each day
Australia’s billionaires grew their combined wealth by $100 million a day last year, Oxfam has revealed as it calls for tax changes to close the growing gap between rich and poor. The nation now has 43 billionaires worth $160 billion between them, while the top one per cent of Australians have more wealth than the…
CommSec Daily Report Monday
Latest NewsAussie shares are off to a bright start to the new trading week. The ASX 200 is climbing 9 points or 0.15% to 5888 around lunch after being higher by around 30 points at its best levels. This move higher follows Wall Street’s lead with reports over the weekend that China would be looking…
CommSec Daily Report Friday
Latest NewsIt has been another positive start for the Aussie market with the ASX 200 higher for a fourth consecutive day and is eyeing a second straight week of gains. Approaching lunch, the index is up 36 points or 0.6% to 5886. US stocks provided another solid lead as Wall Street’s mood was brightened on…
CommSec Daily Report Thursday
Latest NewsLocal shares are climbing higher for a third straight day as better than expected earnings for US banks helped boost Wall Street in overnight trade. There was also no shock with Theresa May’s government surviving a no-confidence motion in British parliament following a heavy defeat for her Brexit deal. The ASX 200 index is…
CommSec Daily Report Wednesday
Latest NewsThe ASX 200 was marginally higher at lunch on Wednesday, with neither buyers nor sellers willing to commit wholeheartedly to their cause. As a result the market traded in a narrow 19 point range over the course of the morning. Information technology was the most improved sector in that time, in part reflecting an…
A hedge-fund backed US media firm on Monday offered to buy Gannett Co, the publisher of the top-selling newspaper USA Today.
President Donald Trump said Monday he expects to be able to reach a trade deal with China, which is feeling the impact of US tariffs.‘We are doing very well with China. They’re having a hard time with their economy because of the tariffs,’ Trump told reporters at the White House. ‘I think that we are going…
CommSec Daily Report Tuesday
Latest News Local shares are nudging higher after a slightly weaker performance yesterday as investor sentiment was dampened on weaker Chinese trade data and the concerns surrounding implications of the trade war on global economic growth. Wall Street also eased overnight on the Chinese data while US earnings kicks off this week.The ASX 200 is improving…
CommSec Daily Report Monday
Latest NewsLocal shares have made a positive start to the new trading week with the ASX 200 lifting 14 points or 0.25% to 5789. It was a flat lead from Wall St as market participants look ahead to US earnings and key Chinese economic data released this week.The financials are helping lift the broader market…
Canada’s legal cannabis drives prices up 17%, govt stats say
The average price of cannabis in Canada went up 17.4 percent after its legalization, according to data released by the government statistical agency.Since legalization of recreational use last October, prices have jumped to Can$8.02 (US$6.06) per gram from Can$6.83, Statistics Canada said in a news release late Wednesday.The 384 price quotes it obtained were almost…
CommSec Daily Report Friday
Latest News Local shares are edging higher for a fifth straight day but the gains appear to be running out of steam to close out the week. The ASX 200 is lifting by 7 points or 0.1% to 5802 towards lunch and is looking to close around 3.2% higher for the past five sessions. This follows Wall…
