BUSINESS

Stick To Stocks

By Peter Switzer, Switzer Super ReportThere's a guy who comes on a TV show ? not mine! ? a few times a year and he always tells the viewers that all this debt that's driving stocks will end in tears.
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Australian Stock Market Report – Midday 7/24/13

The Australian sharemarket was up 0.7 per cent at one point, only to have most of the gains wiped out following worse than expected Chinese data at 11.45am (AEST). This is the third consecutive session of improvement, while both the All Ordinaries Index (XAO) and the ASX200 (XJO) still remaining above the 5000.0 point mark. The XAO is up 0.2 per cent.

Peabody Energy's Revenues Down Despite Cutting More Jobs

The revenues and earnings of Peabody Energy in Australia dropped dramatically in June due to high operating costs and weak coal prices. The coal mining company has already tried to implement cost-cutting measures but to no avail.

Apple Site Hacked, Macbook Air Wi-Fi Patch Released

Apple Inc. released a statement informing software developers about a recent hacking incident on their website leaving concerns that hackers may have stolen some information. To address the attack, Apple said it will make adjustments to their developer systems. The company will also rebuild the database and update the software.

Queensland Cattle Raisers Eye Beef Export to China

Queensland cattle raisers are eyeing the development of China as its new market for beef. The search for new markets to replace the income lost from its export trade with Indonesia was discussed at the Northern Stakeholder Forum on Tuesday held at Mount Isa in the state.

The Misallocated Savings of the Chinese Banking System

Up, up and away! Markets are off to a flier this Monday morning. The Japanese public has endorsed the idea of money printing. And the Chinese money printers have endorsed the idea of cheaper money. Naturally, Australian stocks are reveling in the idea that wallets may loosen in Asia and that bank lending for more make-work projects could increase.

Australian Stock Market Report – Midday 7/23/13

Both the All Ordinaries Index (XAO) and the ASX200 (XJO) are trading above 5000.0pts, for one of the first times in a few months. The XAO is up 0.5 per cent with almost all sectors trading higher. The energy sector along with the utilities are losing ground.

$299 Off-Contract Price for Moto X?

With Aug 1 identified as the launch date for Google's Moto X and New York as the venue, the next questions on techies' minds is how much will the new smartphone be priced and how what does it look like?

Samsung to Hold Its First Global Developer Conference

Samsung sits at the forefront of the tech and mobile phones industry. It has managed to transform itself as the biggest consumer electronics manufacturer today beating and challenging sales of some of the biggest companies in the world like Apple and Google. In its bid to become the top player in the tech industry, the Korean tech giant will also be holding its first global developer conference.

World Youth Day 2013: Head of State Pope Francis Carries Own Luggage Bag, Falls in Line, Waits For Turn to Board Aircraft (PHOTOS)

Consistently shunning preferential treatment and special attention, Pope Francis has done what most heads of state would not. For his first overseas international trip since becoming the 266th pontiff, Pope Francis opted to carry his own luggage bag, fall in line and then wait for his turn to board commercial aircraft Alitalia for his week-long visit to Brazil in celebration of the World Youth Day 2013 festivities in his home continent.

Huawei to Bring 5G Technology in 2020? (VIDEOS)

The frequently belittled Chinese tech company Huawei may just surprise techies and take centre stage in 2020 when it makes available 5G technology. The hint of being on the forefront of technological advancement from the Chinese tech giant comes even if 4G has barely landed.

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