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Federal Reserve says US unemployment scenario far worse than seen
World News

Federal Reserve says US unemployment scenario far worse than seen

Source: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the&nbsp...

ASX 200 Fell By 0.9%, Technology and Mining Stocks were Worst Performers
Market Updates

ASX 200 Fell By 0.9%, Technology and Mining Stocks were Worst Performers

On 24th February 2021, the equity market of Australia settled in red as ASX 200 declined by 0.9% to 6777.80. On the same day, academic & educational services sector rose by 7.20% and technology sector fell by 2.30%.   Sector Summary (Sour...

How is the Needle Moving on Greenback Amid Powell’s Latest Comments
World News

How is the Needle Moving on Greenback Amid Powell’s Latest Comments

After a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 ...

Major shakeup at GameStop; CFO Jim Bell set to quit
World News

Major shakeup at GameStop; CFO Jim Bell set to quit

Source: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...

Will investors cash in on FINEOS Corp’s (ASX:FCL) half-year results?
Stock Market

Will investors cash in on FINEOS Corp’s (ASX:FCL) half-year results?

Source: Shutterstock Summary Insurance software provider FINEOS Corporation has reported a loss after operating expenses rose during the period. But the company has delivered robust topline growth, driven by organic growth and acquisition.&nbsp...

Here are 4 Profit Stocks of the Day
Stock Market

Here are 4 Profit Stocks of the Day

Source: Shutterstock Summary Many companies have been able to rope in greater profits over the first half of FY21, landing them a profitable start into 2HFY21. Profitability is measured through a company’s stock market, underlying financ...

Why Appen share price is sinking despite 12% revenue jump
Stock Market

Why Appen share price is sinking despite 12% revenue jump

Source: Shutterstock Summary Appen share price down despite clocking revenue growth of AU$599.9 million. The board declared a final dividend of 5.5 Australian cents per share, a growth of 10% compared to the 2019 final dividend. Appen Lim...

DroneShield (ASX:DRO) signs a deal with US DHS S&T, shares close in green
Stock Market

DroneShield (ASX:DRO) signs a deal with US DHS S&T, shares close in green

Source: Shutterstock Summary DroneShield Limited has signed a new Cooperative Research and Development Agreement with the Department of Homeland Security Science and Technology Directorate. As per the deal, the research would include DroneShie...

Adriatic Metals (ASX:ADT) gets cracking at Raska Project with RAS Metals’ acquisition 
Stock Market

Adriatic Metals (ASX:ADT) gets cracking at Raska Project with RAS Metals’ acquisition 

Source: Shutterstock Summary Adriatic Metals (ASX:ADT) has acquired the remaining 90% stake in RAS Metals. The company plans a step-out DC drilling across the Raska Project during 2021. UK-based precious and base metals explorer Adriatic ...

Musgrave Minerals’ golden run continues at White Heat with latest results
Sponsored

Musgrave Minerals’ golden run continues at White Heat with latest results

Shutterstock Images Summary Musgrave Minerals has received high-grade assay results for the first 15 reverse circulation drill holes at the White Heat (official Target 2) prospect.  Assays from the remaining ten drill holes at White Heat ...

Corazon Mining (ASX:CZN) secures ~A$2 million in firm commitments, Drill programs all set to go
Sponsored

Corazon Mining (ASX:CZN) secures ~A$2 million in firm commitments, Drill programs all set to go

den drilling campaign at Mt Gilmore is anticipated to commence as soon as the drilling rig becomes available. On 24 February 2021, Battery metals explorer, Corazon Mining Ltd. (ASX:CZN) announced that it secured firm commitments worth around A$2...

  • February 24, 2021 04:54 PM AEDT
  • Akshay
How did Little Green Pharma (ASX:LGP) perform in 1H FY21?
Stock Market

How did Little Green Pharma (ASX:LGP) perform in 1H FY21?

Source: Shutterstock Summary Australia's first locally-grown medical cannabis manufacturer Little Green Pharma witnessed significant growth in the first half of 2021. During the period, the Company exported the first shipment of its medicinal ...

Auswide Bank (ASX:ABA) to pay 19 cps interim dividend
Stock Market

Auswide Bank (ASX:ABA) to pay 19 cps interim dividend

Source: Shutterstock Summary Auswide Bank has a strong presence in regional Queensland. The bank has declared a 19 cents per share interim dividend after a strong set of half-year results driven by better economic conditions and growth.  ...

Are Australian markets tracking global market cues? ASX closed in the red
Stock Market

Are Australian markets tracking global market cues? ASX closed in the red

Source: Shutterstock Summary ASX shares are down on Wednesday. After a mixed lead from the US, the indices have shed gains as selling pressure rose sharply. Australian companies continue to please investors with dividends as earnings reports a...

Bounty Oil & Gas NL (ASX: BUY) waiting to get the drill rods spinning at PEP 11
Sponsored

Bounty Oil & Gas NL (ASX: BUY) waiting to get the drill rods spinning at PEP 11

ASX listed, Bounty Oil & Gas NL (ASX: BUY) is a distinguished oil producer with premium oil operations in the Cooper and Surat basins of Queensland. In 2021, the company plans to commence production from its assets in the Alton area of Surat ba...

  • February 24, 2021 04:08 PM AEDT
  • Akshay
Is Dividend Supercycle on the Cards?
Stock Market

Is Dividend Supercycle on the Cards?

record payout season will kick-off the dividend supercycle or not. No doubt, the COVID-19 pandemic initially delivered a massive blow to the stock dividends, with several ASX-listed companies either suspending or cancelling dividends to preserv...

  • February 24, 2021 03:53 PM AEDT
  • Damini
Four Resources Stocks to Watch Today for Good Dividend Yield
Stock Market

Four Resources Stocks to Watch Today for Good Dividend Yield

Sorce: Shutterstock The S&P/ASX 200 opened 14.9 points lower on Wednesday, 24 February 2021. At the time of writing, the benchmark index slid further 0.5% around 12 PM (AEDT). The US stock market that closed flat on Tuesday, 23 February 2021, ma...

Why Australian wages grew at slowest pace in December quarter
Economy

Why Australian wages grew at slowest pace in December quarter

ate sector outpaced the public sector in wage growth during the period under review. The Australian wages grew at the slowest pace on record in the December quarter even as the economy recovered from the coronavirus-induced restrictions. The slo...

  • February 24, 2021 03:18 PM AEDT
  • Ashish
S&P/ASX All Tech Index turns 1 today: How has the index performed?
Stock Market

S&P/ASX All Tech Index turns 1 today: How has the index performed?

Source: Shutterstock Summary Today marks the first anniversary of the S&P/ASX All Technology Index that has grown substantially from 46 constituents to 69. The index has outpaced the benchmark index ASX 200 by a massive 52%, delivering an ...

Final milling campaign at Boorara fetches Horizon Minerals (ASX:HRZ) AUD 1.2M net cash
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Final milling campaign at Boorara fetches Horizon Minerals (ASX:HRZ) AUD 1.2M net cash

li> The past toll milling, and mining campaigns have also been successful, with significant gold recoveries. Australian gold explorer and producer Horizon Minerals Limited (ASX: HRZ) is riding high on a series of impressive developments. Advanc...

What is latest with 88 Energy (ASX:88E)?
Sponsored

What is latest with 88 Energy (ASX:88E)?

Source: Shutterstock Summary 88 Energy has been working towards the spud of the Merlin-1 well at its Project Peregrine with further activities scheduled. 88E had secured $12.0 million through a placement and stands appropriately funded for mee...

Resonance Health (ASX:RHT) enters EEA markets with CE marking for HepaFat-AI
Stock Market

Resonance Health (ASX:RHT) enters EEA markets with CE marking for HepaFat-AI

Source: Shutterstock Summary ASX-listed medical imaging company Resonance Health has obtained CE marking to sell its device within the EEA. Resonance Health will provide HepaFat-AI to radiologists, physicians, and pharmaceutical companies. Wi...

Alexium International (ASX:AJX) significantly reduces its loss in 1H FY21
Stock Market

Alexium International (ASX:AJX) significantly reduces its loss in 1H FY21

Source: Shutterstock Summary Alexium International reported a net loss after tax of $1.79 million. During the reported period, the group entered into a 6% coupon convertible note for A$5.15 million. The company’s share price is trading ...

  • February 24, 2021 01:59 PM AEDT
  • Aayush
Here’s why IDP Education (ASX:IEL) shares are on the rise today
Stock Market

Here’s why IDP Education (ASX:IEL) shares are on the rise today

Source: Sutterstock Summary IDP Education Limited regained momentum during the 1H FY2021 following a challenging CY2020. IDP management was upbeat despite witnessing drops in revenue and EBIT. The Company is well prepared for the 2nd half wit...

Eagers Automotive (ASX:APE) Posts Strong FY20 Numbers, Ropes in New CEO
Stock Market

Eagers Automotive (ASX:APE) Posts Strong FY20 Numbers, Ropes in New CEO

Source: Shutterstock Summary Eagers Automotive delivered a profitable result for the full-year 2020 despite the extremely challenging conditions caused by COVID-19. APE has appointed Keith Thornton as its new CEO, who has been with the company...

Seven dividend stories of the day one shouldn’t miss
Stock Market

Seven dividend stories of the day one shouldn’t miss

Source: Shutterstock Summary Amid the ongoing earnings season, a few more companies announced their financial results on Wednesday.  While IOOF slashed the interim ordinary dividend by half, Healius declared a dividend of 6.5 cents, ...

  • February 24, 2021 01:38 PM AEDT
  • Ashish
Recce Pharmaceuticals (ASX:RCE) to expand EU investor base with FSE listing
Stock Market

Recce Pharmaceuticals (ASX:RCE) to expand EU investor base with FSE listing

Source: Shutterstock Summary ASX-listed world-leader in synthetic-polymer antibiotics Recce Pharmaceuticals to list its stocks on the FSE. The listing will broaden the investor base and enable access to additional capital markets. Recce Pharm...

Why are ASX stocks trading lower today?
Stock Market

Why are ASX stocks trading lower today?

ounced another flurry of dividends during the results today.  For the ASX 200 index, it has been a wild ride today. The index is down nearly 30 points at noon after crashing at the open. Overnight in the US, the investors dumped high-flying...

An overview of Chimeric Therapeutics’ clinical progress with CLTX-CAR T therapy
Sponsored

An overview of Chimeric Therapeutics’ clinical progress with CLTX-CAR T therapy

Image Source: Chimeric Therapeutics Website Summary Oncology-focused biotechnology firm Chimeric Therapeutics has completed pre-clinical trials for CLTX-CAR T therapy and is currently conducting Phase 1 clinical study at City of Hope. CLTX-CAR...

Chimeric Therapeutics (ASX:CHM) onboards new VP to boost oncology pipeline
Sponsored

Chimeric Therapeutics (ASX:CHM) onboards new VP to boost oncology pipeline

© Imtmphoto | Megapixl.com Summary Chimeric Therapeutics has onboarded Dr Eliot Bourk as its VP, Business and Corporate Development. Dr Bourk will focus on advancing the Company’s growth with innovative cell therapy assets. The onc...

Newly Listed hipages Group (ASX:HPG) Delivers Impressive H1 Numbers
Stock Market

Newly Listed hipages Group (ASX:HPG) Delivers Impressive H1 Numbers

Source: Shutterstock   Summary hipages, a newly listed business, performed better than expected in H1 FY21. Monthly recurring revenue growth is backed by subscription-only model and enhanced subscription product offering. The company is...

Are Investors Exiting Tech Stocks For Other Growth Sectors?
World News

Are Investors Exiting Tech Stocks For Other Growth Sectors?

s. NASDAQ is down around 6% from its peak on February 12. Blue-chip tech stocks have seen a sixth-straight decline in recent days, but could this be a temporary market deviation or a deliberate shift of investors to other high-growth sectors? ...

Who are gainers, losers in ASX 200’s marginally declined opening
Stock Market

Who are gainers, losers in ASX 200’s marginally declined opening

.697 per cent, while the ASX 200 VIX Index was down 0.151 per cent. Australia’s benchmark equity index ASX 200 on Wednesday opened lower, down 14.90 points or 0.22 per cent to 6,824.30, after the US stock markets closed flat, led by t...

  • February 24, 2021 09:58 AM AEDT
  • Ashish
Here’s why Blackmores (ASX:BKL) should be on investors’ radar
Stock Market

Here’s why Blackmores (ASX:BKL) should be on investors’ radar

Source: Shutterstock Summary Blackmores reported a 3 per cent increase in revenue to $302.59 million in 1H FY21 over 1H FY20. The EBIT has remained almost flat at $25.84 million. The management expects the revenue growth to continue in Asia a...

  • February 24, 2021 09:43 AM AEDT
  • Aayush
Sydney Airport lurches to loss in FY2020 as COVID-19 bites traffic
Stock Market

Sydney Airport lurches to loss in FY2020 as COVID-19 bites traffic

lare a dividend for the year due to revenue loss during the period. Sydney Airport (ASX:SYD) on Wednesday reported a net loss for FY2020 as the coronavirus pandemic-induced restrictions had a massive impact on the passenger traffic. Also, the co...

  • February 24, 2021 09:01 AM AEDT
  • Ashish
ASX 200 to give up half of yesterday’s gain
Stock Market

ASX 200 to give up half of yesterday’s gain

Source: Shutterstock Summary ASX 200 is all set to give back half of yesterday's gains as it is likely to open 33 points down. Bitcoin is down by 10.9 per cent to US$48,116 and has fallen by more than 16 per cent in the last two sessions. WTI...

  • February 24, 2021 08:52 AM AEDT
  • Aayush
Why Michael Hill’s (ASX:MHJ) net profit rose despite closures, low foot traffic
Stock Market

Why Michael Hill’s (ASX:MHJ) net profit rose despite closures, low foot traffic

ounced an interim dividend of 1.5 cents per share on 26 March 2021. Michael Hill International Ltd (ASX:MHJ) on Wednesday announced a significant surge in the first-half net profit even as continuous store closures throughout and a significant d...

  • February 24, 2021 08:48 AM AEDT
  • Ashish
US Markets End Flat Despite Fed’s Supportive Rate Pledge
World News

US Markets End Flat Despite Fed’s Supportive Rate Pledge

arkets to maintain low rates, rules out inflation pressure for now. US stock markets ended flat for a second consecutive day on Tuesday despite the Federal Reserve’s reassertion to keep the interest rates unchanged and positive retail earn...

What fuelled Aquis Entertainment's 1000% rally in a week
Stock Market

What fuelled Aquis Entertainment's 1000% rally in a week

s experienced abnormally high volumes and a significant price rise. Shares of Aquis Entertainment Ltd (ASX:AQS) are on a roll. The stock has given investors a return of 1,000 per cent in a week. The share price has jumped to A$0.44 from A$0.040 ...

  • February 24, 2021 08:15 AM AEDT
  • Ashish
Will Simonds Group (ASX:SIO) benefit from Australia’s buoyant housing markets?
Stock Market

Will Simonds Group (ASX:SIO) benefit from Australia’s buoyant housing markets?

Summary Simonds Group net profit (continuing operations) fell to $1.9 million from $4.1 million in the previous corresponding period. The coronavirus pandemic impacted the business, but federal government polices provided an impetus for demand.&...

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