Check out the companies making headlines in midday trading. Eli Lilly – The drugmaker’s shares tumbled 6.6% after the firm said demand for its weight loss and diabetes drugs would not meet its lofty expectations. Eli Lilly said it now expects full-year 2024 revenue of about $45 billion, lower than the $45.4… Read More »Stocks making the biggest moves midday: Eli Lilly, Applied Digital, Boeing and more
Telstra will spend $700 million rolling out artificial intelligence across its entire business in one of the biggest deployments of the technology by a major Australian company to date. The telecommunications giant will bring in Accenture to oversee the overhaul of its operations, with the creation of a joint venture… Read More »Telstra pins hopes on massive AI rollout with $700m Accenture deal
A global bond rout is complicating the task of central banks trying to cut interest rates, but analysts say it is unlikely to derail the plan of the Reserve Bank of Australia to lower borrowing costs this year. A standout US jobs report late last week has triggered a spike… Read More »Bond turmoil won’t derail RBA’s rate cut plan
Australian shares are poised to edge up after having fluctuated back and forth between positive and negative overnight in line with Wall Street as investors await the release of US December CPI early on Thursday AEDT. The data will provide further insight on the outlook for the Federal Reserve’s rate-cutting… Read More »ASX futures, US equities swing in choppy session
The Dow Jones Industrial Average rose on Tuesday as traders weighed a lighter-than-expected producer price index report. The 30-stock Dow gained 221.16 points, or 0.52%, to close at 42,518.28. The S&P 500 advanced 0.11% to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23% to end at 19,044.39. Big Tech stocks slipped on Tuesday, weighing on the S&P 500 and Nasdaq. Nvidia dropped… Read More »Dow rises more than 200 points on Tuesday after wholesale inflation report comes in light: Live updates
Check out the companies making headlines in midday trading: Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum ETF lost 2.5%. Nvidia, chip stocks — Popular semiconductor stocks declined after the… Read More »Stocks making the biggest moves midday: Nvidia, quantum computing stocks, Moderna and more
Telstra is doubling down on its partnership with Elon Musk’s SpaceX, signing a new deal to let its customers in the bush send text messages via the billionaire’s Starlink satellite technology. The telco announced on Thursday it was testing SpaceX’s satellite-to-mobile technology, which is designed to allow everyday mobile phones… Read More »Telstra moves to overtake Optus in race to plug into Musk’s Starlink
The Australian sharemarket is poised to open modestly higher, rebounding from a two-week low. Futures predicted that the S&P/ASX 200 Index would open 0.5 per cent, or 37 points higher, on Tuesday after the gauge dropped more than 1 per cent on Monday as the market dialled back their US… Read More »ASX, $A to rise, bitcoin slumps to two-week low
Australian shares are poised to open modestly higher, reversing earlier weakness. Nvidia and Apple each dropped sharply on company-specific news, before some buyers began to step in. Iron ore and oil rose. Gold was lower. Bitcoin extended its slide to start the new year, briefly trading below $US90,000; it was… Read More »ASX to edge up, Nasdaq hit by megacap tech selling
The Dow Jones Industrial Average climbed Monday, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into nontech shares such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped… Read More »Dow adds more than 350 points, but Nasdaq closes lower as investors rotate out of tech: Live updates