In US economic data, March quarter GDP was revised lower from +0.1% to a -1% annual contraction. It was expected to decline by -0.5%. The result was affected by the adverse weather conditions earlier in the year. US pending home sales increased by 0.9% to 97.8 in April, mildly below expectations of 1% increase. Sales are down 9.2% on a year ago. US jobless claims fell by 27,000 to 300,000 last week.
German Chancellor Angela Merkel retained her most powerful woman status Forbes magazine's list released on Thursday. It is the fourth straight year that she was recognised for wielding power, but she has been number 1 on the list nine times.
Apple Inc. has finally confirmed it was buying out Beats Electronics for $3 billion after deal rumors began circulating in recent weeks.
Sellers returned to the ASX on Thursday having been absent in any meaningful fashion for 7 sessions. Bulk miners were the weak spot after the price of iron ore continued to fall in the last day to the lowest levels seen in 2 years;around $US 97.00 per tonne levels. Telecoms were the best improved group in a falling market. Telstra shares rose by four cents or 0.25 per cent, although recent commentary from the telco which included talk of offshore expansion plans was met with not great cheer by i...
German telecom Deutsche Telekom hinted on a September 19 release date of iPhone 6
The State Assembly of New York on Tuesday has passed a legislation legalising medical marijuana in the area. But will it also sail through the Senate this time? This is the fifth time, in a span of 7 years, the assembly has passed a medical marijuana bill.
The Australian sharemarket is slipping for the first time since last Monday, with the All Ordinaries Index (XAO) down 0.3 per cent. A weak lead from Wall Street overnight and softer commodity prices are both drags.
The Apple and Beats Audio Electronics acquisition is confirmed. Dr. Dre is going to be a billionaire with the biggest deal investment Apple has ever made in its company's history.
The S&P pulled back from its record close, with investors exercising some caution and on mild profit taking. There was nothing on the US economic calendar to really drive sentiment and as result investors looked ahead to the GDP reading, which is due out later today. US GDP is expected to be revised to a negative print, with most analysts feeling this is consistent with a handover into Q2, which is then expected to show a bounce-back. Some Fed members anticipate growth of nearly 3% for Q2. Shoul...
Miner Andrew Forrest plans to venture outside the mining industry by looking into the possibility of exporting beef to China. He said on Thursday that he would place in his luggage sample parcels of steak for his next trip to China.
In US economic data, the weekly mortgage market index fell by 1.2% with the purchase index down 1.1% and the refinance index down 1.8%. According to Redbook Research, weekly chain store sales fell rose by 3.2% on a year ago, down from the 3.9% annual gain in the previous week. The Dallas Federal Reserve services index eased from +18.5 to +13.1 in May.
Naked 3D scanners, which used to be found only in major international airports, are now in shopping centres in Australia. The use of these devices has raised privacy and security concerns among Aussie shoppers.
Apple Inc appears to be back on track in the stock market with analysts saying the company's stock will continue to gain even if Apple will not push through with the rumoured smart home automation system. Meanwhile, mobile marketing firm Swrve, revealed that Apple's iOS generated more revenue than the Android OS.
The Australian share market continued its good run during the month of May, rising 0.3 per cent today to close near 2014 highs. The All Ordinaries Index (XAO) was higher by 16 points to 5506.7 while the ASX 200 (XJO) was up 15.5 points to 5527.
Residents in a large part of UK have been advised to prepare and brace for flash flooding and major traffic disruptions in the next 48 hours.
Optus Australia announced a partnership with Shark Mitigation Systems in creating world-first digital shark detection technology
South Korean automaker Hyundai Motor Co is now the greenest automaker in the United States, unseating Honda Motor Co of Japan, based on the latest Automaker Rankings report released by the Union of Concerned Scientists' (UCS).
The cost of New Zealand properties may be reduced with more apartment blocks and "granny flats", according to a property expert. The lack of affordable housing has made one school a "revolving door" as more students are forced to move out because of problems with their parents' finances.
Local stocks benefitted from some US direction overnight with Wall St overnight returning from a long weekend. The broader US market continued to grind higher following better economic readings. This translated to a positive start for local stocks with the ASX 200 trading higher by around 20 points in early trade. As lunch time drew closer the market gave up some its gains, although it remained in the range of positive territory.
Australian chemicals company, Orica, announced on Tuesday that it filed an application for toxic waste material to be shipped to France
US markets returned to trade on a positive note, with the S&P rallying to yet another record of 1,912. Not only did the S&P print a record high, it also closed right at the highs, which is a positive sign and says a lot about momentum. Sentiment was lifted by a string of positive data releases out of the US, including durable goods orders and the Case Shiller house price index. Both indicators were quite positive and confirmed the US continues to bounce back after a tough start to the year. As ...
In US economic data, the 20-city S&P/Case-Shiller Home Price Index lifted by a larger than expected 1.2% in March and was up 12.4% on a year ago. The Conference Board Consumer Confidence index rose by 1.3 points to 83.0 in May. The regional manufacturing indices were mixed, with the Dallas Fed index retreating from +11.7 to +8.0 in May, while the Richmond Fed index remained at +7 in May. US durable goods orders rose by 0.8% in April after an upwardly revised 3.6% in March.
Coffee giant Starbucks sold its 24 stores in Australia to The Withers Group, which owns the 7-Eleven franchise in the country covering 600 outlets. Prior to the sale, Starbucks, which opened its first store in Sydney in 2000, was wholly owned by Starbucks in the U.S., based in Seattle.
Apple devices across Australia had been reportedly hacked with hackers claiming ransom
Time Inc. has decided to break the long tradition of keeping advertisements from magazine covers.
The ASX 200 spent the afternoon session consolidating having surrendered a 17 point improvement in early trade. The lack of direction felt from the closure of Wall St overnight remained in place in the 2nd half of the day. Volumes were a feature in that that were unusually low with less than $3.6 bln in shares changing hands. Most sectors were higher at the close of trade although the gains were unspectacular.
Wearables in mobile enterprise computing is betted as an exploding market for investors come 2020
Sony is set to market its gaming consoles Playstation 4 (PS4) and PS Vita to China since the game console ban has been lifted.
Apple Inc is reportedly gearing up its home automation software to be introduce in the upcoming WWDC
The Australian share market is only slightly firmer at lunchtime in the East, after US and UK markets were closed overnight for public holidays.
