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Crypto Catch: Tether struggles as fund withdrawals continue
May 23, 2022 02:09 PM AEST| By Daniel Paul JohnsHighlights Stablecoin Tether’s woes have continued from last week with massive withdrawals across the network According to public blockchain records, US$1 billion worth of tether was redeemed just after midnight on Saturday Bitcoin grew .....
Top 5 costliest NFTs ever sold
May 23, 2022 02:01 PM AEST| By Ankit SethiHighlights Beeple, Pak, CryptoPunks, and BAYC are some notable names in the NFT verse Pak’s Merge was reported to have sold for a whopping US$91.8 million in December 2021 Single sellers have bid heavily for Beeple and Pak artwor.....
BTC and S&P 500 Index correlation over past 5 years
May 23, 2022 02:01 PM AEST| By Ankit SethiHighlights BTC and S&P 500 Index price trajectory was same, but BTC’s growth or fall was very sharp BTC can be considered hyper-volatile and such assets are often avoided by risk-averse investors This year, BTC is down and so.....
Vic Wide Tyre Service acquisition steers RPM Automotive (ASX:RPM) on fast-growth track
May 23, 2022 01:17 PM AEST| By ManishaHighlights RPM Automotive Group is a prominent player in the Australian automotive aftermarket. The ASX-listed firm has completed 100% acquisition of Vic Wide Tyre Service. The acquisition is expected to be immediately value and earnings per s.....
Vic Wide Tyre Service acquisition steers RPM Automotive (ASX:RPM) on fast-growth track
May 23, 2022 01:11 PM AEST| By ManishaHighlights RPM Automotive Group is a prominent player in the Australian automotive aftermarket. The ASX-listed firm has completed 100% acquisition of Vic Wide Tyre Service. The acquisition is expected to be immediately value and earnings per s...
ASX 200 edges higher; Codan, Elders lead gains
May 23, 2022 12:39 PM AEST| By Priyanka PayalHighlights The Australian equity markets opened on a positive note today. In the initial few minutes of trading, the benchmark index ASX 200 was up 0.27% at 7,164.90 points. Seven of 11 sectors traded higher today, with the Materials sector le.....
VRX Silica (ASX:VRX) purchases two key pieces of plant equipment for Arrowsmith North
May 23, 2022 11:11 AM AEST| By DaminiHighlights VRX Silica Limited (ASX:VRX) has recently secured key plant equipment for Arrowsmith North Project. The Company has purchased a second-hand feed trommel and a vibrating screen, which are being refurbished. VRX Silica expects the six.....
What makes Carbonxt’s (ASX:CG1) HydRestor™ technology ideal for water treatment
May 23, 2022 10:31 AM AEST| By ManishaHighlights Carbonxt is a renowned cleantech firm providing environmental solutions with high-performance products. Carbonxt’s HydRestorTM technology is designed to reduce nutrient loading in water and reduce phosphorus concentrations. Th.....
Why Control Bionics’ (ASX:CBL) UNO Touch device points to a bright future
May 23, 2022 10:26 AM AEST| By ManishaHighlights Control Bionics has a range of speech-generating devices letting people with complex communication disabilities live life more confidently. UNO Touch is a new AAC solution built for better mobility with a wireless speaker and a shoul.....
ASX 200 to fall after election result; Elders’ earnings today
May 23, 2022 08:09 AM AEST| By AshishHighlights Australian share market is expected to start the week on a muted note. According to the latest SPI futures, the ASX 200 is likely to open 15 points or 0.2% lower. On Wall Street, the Dow Jones was flat, the S&P 500 was...
Labor win: Here’s what Australian investors can expect?
May 22, 2022 04:44 AM AEST| By Khushboo JoshiFor the first time since 2013, Labor Party is all set to take the centerstage after Aussie voters ousted Prime Minister Scott Morrison’s conservative coalition government. Labor party leader Anthony Albanese will become the next pr...
Federal elections: Scott Morrison concedes defeat, to stand down as Liberal party leader
May 22, 2022 01:29 AM AEST| By Khushboo JoshiHighlights Morrison has stated on Saturday evening that he has ‘accepted’ defeat in the federal elections. Morrison was fighting the elections against Labor party leader Anthony Albanese. Headed by Scott Morrsion, the Liberal-natio...
How is Australia planning to meet its emissions target?
May 22, 2022 12:25 AM AEST| By Arpit VermaHighlights Nearly 90% of Australia's total energy consumption is catered by fossil fuels. Globally, Australia holds 13th position on an annual emitter per capita basis, ahead of the United States and Canada. Various industries in the region ar...
Why is China moving against the tide in terms of interest rate changes?
May 22, 2022 12:15 AM AEST| By Akanksha VashishtHighlights China’s government has initiated country-wide lockdowns as rising COVID cases spark concerns. Lockdowns across the country have landed major businesses in losses, resulting in shipment delays. The Chinese central bank has rece...
Interest rate hikes and recession: How are they related?
May 22, 2022 12:10 AM AEST| By Akanksha VashishtHighlights Central bankers use interest rates as a tool to boost or control inflation through monetary policy. Higher interest rates discourage borrowing and spending among consumers while removing extra stimulus from the economy. Rapid intere...
Will the RBA go for 40bps cash rate hike as wages growth lags?
May 22, 2022 12:05 AM AEST| By Akanksha VashishtHighlights Tighter labour market conditions helped Australia achieve a wage growth rate of 0.7% in the March 2022 quarter. The latest wage growth data is central to understanding the pace of the Reserve Bank’s interest rate hikes. Expert...
Federal election 2022: Key differences between policies of Liberal & Labor
May 21, 2022 11:04 PM AEST| By Bhawna GuptaHighlights The Federal Election 2022 begins with Australians flocking to polling stations across the country. Scott Morrison and Anthony Albanese are vying to be Australia's next prime minister in the election. In various electoral policies, r.....
Australia Federal Election 2022 begins- close contest between Labor and Coalition?
May 21, 2022 11:47 AM AEST| By SukritiHighlights Australia Federal Election 2022 begins as citizens head to polling centers in their state/ territory. The election gets Scott Morrison and Anthony Albanese fight the battle to be Australia’s next prime minister. The charmed nu.....
S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline
May 20, 2022 02:23 PM PDT| By Rupam RoyBenchmark US indices closed mixed on Friday, May 20, as investors were concerned about the elevated inflation, sending S&P 500 into the bear-market territory in intraday session. The S&P 500 was up 0.01% to 3,901.36. The Dow Jones rose 0.03%...
What drove Lucky Block (LBLOCK) crypto rally today?
May 21, 2022 03:59 AM AEST| By Versha JainHighlights Lucky Block (LBLOCK) is a crypto lottery platform launched in January 2022. It claims to provide transparent, easy wins for players worldwide. However, the lottery platform could face regulatory challenges ahead. The Luck.....
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