Morning business roundup
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Australian Market Report: The benchmark S&P/ASX200 index on Monday finished 37 points higher at 8,347.4, a gain of 0.45 per cent, while the broader All Ordinaries rose 37 points, or 0.43 per cent, to 8,594.4..... [more]
U.S. Market Report: Stocks showed a strong move to the upside during trading on Friday, with the major averages more than offsetting the losses posted in the previous session. With the upward move, the Dow ended the day at its best closing level in a month..... [more]
European Market Report: European stocks were flat to slightly higher on Monday as investors braced for Donald Trump's inauguration as U.S. president later in the day..... [more]
Asian Market Report: Most Asian stocks rose on Monday after major U.S. stock indexes rallied to close out their best week in two months Friday on interest-rate cut optimism..... [more]
A new report reveals that Australian billionaires earn $67,000 an hour, while the average hourly wage is about $51, with many Australians earning less as they continue to struggle with the cost-of-living crisis..... [more]
Higher unemployment benefits could result in unemployed Australians being less likely to look for a job, according to new research..... [more]
Australian investors have been reminded that their exposure to domestic equities remains high when compared to their peers in other in countries..... [more]
How to Use the Simple Moving Average (SMA) to Trade Australian Stocks.... [more]
Financial technology company Findi Ltd (ASX:FND) has made a strategic acquisition of Indian money transfer services provider BankIT Services Pvt. Ltd – anticipating that it will deliver around 130,000 merchants across all states and territories.... [more]
Bank of Queensland to close 16 branches in February.... [more]
Would a combined Rio Tinto-Glencore mining giant be a good idea for investors? Two news reports caught our attention - and it got us and Janus Henderson Investors' Daniel Sullivan thinking..... [more]
Investors have queried Rio Tinto’s reasons for participating in rumoured merger talks with Glencore, saying it would mark a stunning strategic turnaround for the Anglo-Australian miner after it ditched coal in 2017.... [more]
ASX mining stocks quarterly reports preview: BHP, Fortescue, Pilbara Minerals, Paladin Energy, Sandfire Resources and more.... [more]
Anthony Albanese says smelters will close and cost many jobs without their newly announced aluminium production incentive, which opposition leader Peter Dutton has labelled a “con job”..... [more]
Australia’s major iron ore export port has reopened after the national weather bureau advised that a severe tropical cyclone was moving away from the Pilbara..... [more]
Latitude 66’s ongoing scoping study has identified the K2 deposit as an ideal source of high-grade ore to kick off a standalone mine and generate early cashflows at its flagship Kuusamo Schist Belt Project.... [more]
With its now customary speed, Brightstar Resources has launched a 2025 drilling campaign at the newly acquired Sandstone gold project, picking up where it left off work last year at the Lord Nelson and Vanguard gold deposits..... [more]
South32 shares higher on solid half year update.... [more]
Australia’s nuclear renaissance ignites opportunity for local industry. There’s been hot debate about the Australian-UK-US plan to provide Australia with nuclear-powered submarines at a cost of up to $368 billion..... [more]
Fair Work Commission hearings as part of a landmark case against an Australian mining giant have begun in Brisbane, in what will be a key test of the Albanese government's Same Job, Same Pay laws..... [more]
Orthocell receives A$3.18 million R&D tax refund; brings war chest to A$33 million.... [more]
Embattled casino giant Star Entertainment Group is asking governments for support, as it renewed its warning it could run out of cash by the end of February. In an updated statement to the ASX on Monday.... [more]
Gamblers sue Sportsbet over ‘illegal’ live betting.... [more]
Three people, including a former National Australia Bank (NAB) employee, have been sentenced for their roles in a scheme which attempted to defraud the bank of $21 million..... [more]
Comment - Simonelle Mody: How to set your children up for investing success Instilling financial literacy in your children at a young age can provide an undervalued head start in life..... [more]
Opinion - Stephen Bartholomeusz: The $58 trillion shadow hanging over Trump’s return.... [more]
Oil prices slide as market awaits Trump's return to White House.... [more]
Big Banks Quit Climate Change Groups Ahead of Trump’s Term. Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure..... [more]
Trump's crypto token tops $10 billion market cap, bitcoin hits record high.... [more]
A new cryptocurrency named Investing.com OFFICIAL TRUMP Index was introduced by a Trump-associated entity known as CIC Digital. The launch of this meme coin has garnered significant attention.... [more]
Melania Trump launches her own cryptocurrency.... [more]
Here are the products and companies most at risk from Trump’s tariff plans.... [more]
Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation..... [more]
The U.S. National Highway Traffic Safety Administration said on Monday it is upgrading a probe into 129,222 Ford Motor (F.N), vehicles over reports of collisions involving the company's hands-free driving technology, BlueCruise..... [more]
After a black-out that lasted about 14 hours, TikTok has returned to the U.S. The hugely popular video app was taken offline Saturday night in compliance with a law that effectively banned the service nationwide.... [more]
Chevron expresses interest in Greek energy exploration.... [more]
Members of the Teamsters union have authorized a strike against Costco on February 1 unless they reach a deal with the warehouse retailer before the current contract expires on January 31..... [more]
Canadian firms see improved demand and sales in the coming year, largely fueled by rate cuts, but are concerned about the potential damage from promised U.S. policies, the Bank of Canada said on Monday..... [more]
EU to approve updated French deficit-cutting plan on Tuesday.... [more]
UK ‘second most attractive country for investment’, survey finds. The survey of chief executives, published ahead of the World Economic Forum, follows an upgraded growth forecast from the IMF.... [more]
Bank of England says it is open to pro-growth bank reforms.... [more]
The humble sandeel is set to take centre stage in the first courtroom trade battle between the UK and EU since Brexit. The UK has banned European vessels from catching the silvery fish species in its North Sea waters.... [more]
Former M&S boss says working from home is ‘not doing proper work’. WFH has harmed employee productivity, says Stuart Rose, who was also executive chair of Asda.... [more]
Tech war: China creates US$8.2 billion AI investment fund amid tightened US trade controls. The fund was established days after the US rolled out new chip export restrictions and placed more Chinese firms on its trade blacklist.... [more]
Xi Calls for Proactive Macro Policies to Keep China Momentum.... [more]
Embattled Chinese property developer Country Garden expects to reach a deal with its creditors in February to restructure billions of dollars in debt, the company’s lawyer told a Hong Kong court Monday..... [more]
India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries (NSE:GODI) Group Chairperson Nadir Godrej said in an interview on Monday..... [more]
Comment - Filip De Mott 3 ways Trump's first day as president could shift markets.... [more]