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The Australian stocks closed slightly lower today, with the S&P/ASX 200 dipping by 0.11% at the end of trading. Although this decline appears small, it reflects a broader sense of caution among investors. Global market trends, domestic uncertainties, and shifting sector performances all played a role in today’s outcome. Market Overview Today’s session on the…
Big changes are happening at Telstra. One of Australia’s largest telecom companies is making a bold move. Telstra has announced it will cut 550 jobs as part of a major business reset. This decision is part of a wider effort to refocus the business and improve how it operates in a competitive market. Why Is…
This week, the biotech market saw some drama. Neuren Pharmaceuticals’ stock rose by nearly 1%. At the same time, CSL shares dropped again, falling to an 18-month low. What caused this split? A warning from U.S. President Donald Trump. President Trump plans to add tariffs on foreign-made medicines to boost U.S. drug production. That includes…
Bendigo Bank plans to shut down 10 additional branches throughout Australia. Communities across Victoria, Queensland, and Tasmania will be affected by these branch closures scheduled between August and October 2025. Some of these places will be left with no bank at all. That’s not just news, it’s a real concern for many of us living…
The Australian stock market ended lower on Monday, with the ASX 200 slipping 0.4% as optimism over a possible RBA Rate Cut ran into a wall of uncertainty around global tariffs. Investors found themselves torn between positive expectations at home and fresh fears abroad, leading to a choppy day on the stock market. RBA Rate…
Pro Medicus shares just hit a record high, and everyone in the stock market is taking notice! On Thursday, they rose 8.3% to $308.87, pushing the company’s market value to $33 billion. This jump follows two big contract wins in the US and a 126.5% growth over the past year, though fears in Japan add…
Australia stocks closed slightly lower on Wednesday as the S&P/ASX 200 index edged down by 0.02 %, reflecting cautious sentiment among investors. Despite a flat close overall, certain sectors saw notable moves, especially banks and healthcare. But what really dragged the market down? CBA shares weigh on the market One of the biggest reasons behind the…
Insurance Australia Group (IAG) has lifted its profit guidance for fiscal year 2025, surprising the market after it reported lower-than-expected costs from natural disasters. The company’s total bill for storms, floods, and other catastrophic events reached $1.1 billion, significantly below its allowance of $1.28 billion for the year. This positive update has renewed optimism around…
Domino’s Australia just faced a big shake-up. Its CEO, Mark van Dyck, quit suddenly, after less than a year in the top job. This news shocked the market. We saw the company’s shares drop nearly 18% in one day. That’s the lowest price in over a decade. Investors are now asking tough questions. What’s going…
Do you know the Australian Taxation Office (ATO) has set a $27,500 limit for super contributions each year? And guess what – the deadline to use it is today. So it’s an ATO warning, if we don’t act now, we could miss out on serious tax savings and a bigger retirement fund. Many of us…