CBA, ANZ, NAB: ASX bank stocks to watch out for amid recession fears

Post Lowe’s speech, the banking sector sell-off has paused. ASX200 Banking index (XBK) is up from its six-month low. Covered here are share price movements of National Australia Bank Ltd (ASX:NAB), Commonwealth Bank of Australia (ASX:CBA), Westpac Banking

Understanding SMSFs

There is a growing popularity of Self-managed superannuation funds (SMSFs) in Australia's retirement system. These are private superannuation funds for retirement purposes, regulated by the Australian Taxation Office (ATO), to be managed by investors...

Oil prospects: current economic milieu and path to recovery

The connection between oil prices movement and economic performance is too profound. According to the IMF, a deeper global recession is expected with output to shrink by 4.9% in 2020 than the 3% contraction predicted in April. As new cases are emer...

lululemon pays half a billion for MIRROR

lululemon athletica inc., a healthy lifestyle inspired athletic apparel company, has reached a deal to acquire exercise hardware start-up MIRROR. In the last decade, apparel retailers faced distress, leading to closure of many stores, bankruptcies...

Amazon's Jeff Bezos sets a new record as world's richest person, with net worth above $171 billion

As large and popular as Amazon.com, Inc. is today, it is difficult to imagine that it all started from a garage. Presently, on revenue front, Amazon is the major e-commerce entity worldwide, or rather, we should address it as an internet behemoth....

Pain in the Game: Qantas Over JobKeeper Scheme 

Since the beginning of coronavirus crisis, we have heard a lot about Virgin Australia Holdings Limited (ASX:VAH), which saw its worse during the unprecedented crisis and went into voluntary administration. Not only the Australia...

Stocks under the Scanner: MQG, JHG, PDL, PPT, MGG

The Australian ASX 200 index comprises of 11 sectors with the financial sector having the biggest share in it. According to the S&P Dow Jones Indices, the financial sector contributes 27.3% to the overall index (As on 30 June 2020). The breakdo...

Four Reasons Banks are still Investors’ Good Friends

Australian major banking stocks are trading in negative territory at the start of the week amidst rise in the cases in Victoria and looming threat of the second infection wave. The financial positioning and performance of key banks remained under ...

What is Latest in the Australian Automotive Industry?

The health minister Matt Hancock said that the UK will be able to start its vaccination drive next month before Christmas. Bulk of the rollout will begin by the next year’s beginning with life returning to normal after Easter, he added. The ...

Hey Travel Lovers! It’s Time to Explore Your Own Backyards

While COVID-19 pandemic threw travel industry out of gear amid border restrictions placed to contain the virus spread, recovery in domestic travel sector appears just a few blocks away now. Virgin Australia’s latest move to add seventeen new ...