At 7.10am, the dollar was buying 70.1 US cents, a significant drop from its value on Good Friday (71.5 US cents). The currency’s sell-off was sparked by yesterday’s weak consumer price index (CPI) — with the figures revealing that core inflation (at...
All 45 sell-side analysts who cover Amazon.com rate the stock a “buy.” That is incredible, considering the shares trade for about 71 times the forward consensus earnings estimate, more than four times that of the benchmark S&P 500 Index. How...
Some of the information on ASX-listed public companies is sourced from Morningstar Australasia Pty Ltd (ABN: 95 090 665 544).It is important to note that the Morningstar information displayed by Business News is not to be copied or distributed...
Hydroponics technology company Roto-Gro International has completed a $3.6 million share placement, with the funds set to fast-track expansion of its research and development facility in Canada. Under the oversubscribed placement, shares were issued at 21.5 cents per share, a...
That is all from us today. Thank you for your time and your comments. We will not be here tomorrow as the market is closed for Anzac Day, but will be back on Friday. Good night. Paladin Energy is up 16...
Australian stocks have rallied to their highest levels since the global financial crisis 11 years ago, on the back of data showing inflation remains weak.  Annual inflation slowed to 1.3 per cent for the year to March 31 after the...
Federal Labor says its emissions reduction policy is impossible to cost as businesses will take the reins on how to reduce their own pollution. The party's climate change spokesman Mark Butler has hit back at the coalition's latest modelling, saying...
Diversify! Newbie investors have been hammered with that bit of advice since man first rubbed two sticks together, as this cartoon clearly documents: But is there such a thing as too much diversification? Yes, in fact, there absolutely is, according to...
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