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Telstra has shown strong growth in its recent financial results. The company reported a 31% rise in profit for fiscal 2025. This reached A$2.34 billion for the year ended June 30. We see this as a key moment for Telstra in the stock market. The announcement includes a new A$1 billion share buyback. This follows…
The CBA Shares faced unexpected pressure in Tuesday’s trading session, sliding nearly five percent despite the Commonwealth Bank of Australia reporting a record annual profit. The sharp drop came alongside news that CEO Matt Comyn will take a $2 million pay cut, a move that has sparked conversations among investors, analysts, and the banking sector….
The mining world is watching closely as Peabody Energy faces a big decision. They want to buy four coal mines from Anglo American in Australia for $3.8 billion. These mines are in a famous coal region called the Bowen Basin. The deal is important because it could change the way both companies do business. But…
The Commonwealth Bank has taken swift action following the Reserve Bank of Australia’s (RBA) latest move, cutting its home loan interest rates to provide relief for homeowners. This comes after the RBA decided to lower the cash rate to 3.60 per cent, the third rate cut of the year, as inflation slows and economic growth…
Australia’s financial scene is buzzing as the ASX edges higher ahead of the RBA rate decision, Star Entertainment confirms a deal for its Queen’s Wharf stake, and Westpac appoints Carolyn McCann to lead its consumer banking division. Each development carries its own weight, shaping markets, sentiment, and strategy. ASX Rises Ahead of RBA Rate Call…
Qantas has changed the rules again, and this time, it hits where it hurts most: our Frequent Flyer points. Starting August 5, the airline increased the points required for reward seats and upgrades by up to 20%. This isn’t the first cutback. In the past 18 months, we’ve seen higher surcharges and the launch of…
Alcoa is exploring the potential for gallium production in Western Australia through a new joint development agreement. Alcoa and its partner aim to turn a by‑product of alumina refining into a much‑needed critical mineral. As interest grows in AI stocks and technology supply chains, this move positions Alcoa as a notable player in the evolving…
Did you know short selling makes up a large part of daily trading on the ASX? Every day, millions of dollars are bet on ASX stocks falling instead of rising. That’s what short sellers do: they make money when share prices drop. At the same time, the ASX also sees big daily movers that rise…
Incannex Healthcare (IXHL) has taken the stock market by storm with a massive 64.82% jump in its stock price. This surge stems from a major breakthrough in the cannabis industry, tied to the company’s work on a promising new drug. Investors are buzzing with excitement, and this article dives into what’s driving this growth, why…
National Australia Bank (NAB) is widely recognized as one of Australia’s biggest four banks. But lately, it’s been under pressure. Investors are worried. Media headlines aren’t helping. At the heart of it all stands the CEO of NAB. In the last quarter, NAB’s share price took a hit, raising questions about its strategy. Some say…