Yearly Archives - 2020

ANZ suspends dividend as profit plunges: ASX poised to open higher

30 Apr 2020 - The ASX looks set to open higher this morning. US markets ended higher as Trump says he wants the FDA to move “as quickly as they can” to approve the antiviral drug remdesivir as a treatment for the coronavirus. The AUD continues to rise against the USD and had an overnight peak of 65 cents. The ANZ (ASX:ANZ) today announced a Statutory Profit after tax for the Half Year ended 31 March 2020 of $1.55...

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AUD rises to almost pre-coronavirus levels: ASX closes 1.5% higher

29 Apr 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 1.5% higher. Shares in supermarket Coles (ASX:COL) are down despite growing supermarket sales in the March quarter. The Australian dollar saw a rally today. Dicker Data (ASX:DDR) released their first quarter 2020 results today showing net profit climbed 36.3% to $18.4 million.

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Consumer Price Index rose 0.3% in the March 2020 quarter: ASX 1.1% higher at noon

29 Apr 2020 - The ASX shot up in mid morning trade and is now tracking almost 1.1% higher at noon. Shares in casino operator Crown Resorts (ASX:CWN) rose today after US company The Blackstone Group Inc. purchased a 10% stake in the company. Shares in supermarket Coles (ASX:COL) are down over 4% despite growing supermarket sales 13.8% in the March quarter. The Malaysian government has extended the Movement Control Order to 12 May 2020, delaying the restart of...

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Starbucks shares take a dive despite sales in China improving: ASX set to open higher

29 Apr 2020 - Despite weak leads from US markets, the ASX looks set to open higher this morning. Starbucks Corp. shares fell yesterday after the company missed earnings expectations from the impact of the COVID-19 pandemic on sales. Technology stocks were the biggest drag on the US market yesterday. Back home, the Federal Government's stimulus payments are having a "profound impact" on Australia's households. Zenith Energy (ASX:ZEN) says its core business of supplying power to remote locations has...

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BrainChip Holdings (ASX:BRN) neuromorphic computing

28 Apr 2020 - BrainChip Holdings (ASX:BRN BrainChip Holdings (ASX:BRN) CEO Lou DiNardo talks about its Akida integrated circuit, its advantages in event-based convolutional (e-conv) networks, applications and its move to wafer production and first engineering samples by Q3 2020.

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