Market News

Woolworths Group (ASX:WOW) has reported significant disruptions to its supply chain as industrial action at four distribution centres—three in Victoria and one in New South Wales—continues into a 12th day. The strikes, initiated by the United Workers Union (UWU), stem from unresolved enterprise agreement negotiations, with the UWU demanding pay increases exceeding 25% over three […]

INOVIQ (ASX:IIQ) has announced a breakthrough in detecting ovarian cancer. The results are a step forward toward earlier detection of the disease, and early intervention is known to dramatically improve survival rates. There are no current recommended screening methods for asymptomatic women. The global market for ovarian cancer diagnostics was valued at $1.7bn in 2023,

Richard Brennan, Strategy Ambassador for East Coast Capital Management (ECCM), speaks to Chris Gosselin, CEO of Australian Fund Monitors. East Coast Capital Management’s Systematic Trend Fund delivered a 6.2% return in September and 24% over the past 12 months, outperforming peers despite Q3 challenges such as market volatility. Key to its success were high commodity

French Prime Minister Michel Barnier is bracing for a no-confidence vote that could topple his government just months after its formation. The crisis was triggered by Barnier’s decision to use the French Constitution to push through a contentious 2025 budget. Article 49.3 Article 49.3 of the French Constitution allows the government to pass legislation without

US tech stocks rallied, with Apple hitting a new all-time high, but other sectors experienced more muted performances. The S&P 500 gained 0.24 per cent, closing at 6,047.15, while the Nasdaq Composite rose 0.97 per cent, finishing at 19,403.95. Both indexes reached fresh all-time intraday highs and ended at new records. Meanwhile, the Dow Jones

Carlos Tavares has resigned as the CEO of Stellantis, one of the world’s largest carmakers, following months of tension with the board and significant operational challenges. Stellantis, which owns brands like Jeep, Fiat, Peugeot, and Maserati, announced Tavares’ departure on Sunday, with immediate effect. Tavares played a central role in the 2021 merger of PSA

Intel Corporation (NASDAQ: INTC) announced on Monday the retirement of its CEO, Pat Gelsinger, after a career spanning more than four decades with the company. Gelsinger, who returned to Intel in 2021 to lead an ambitious turnaround effort, officially stepped down on 1 December 2024. The company has named Chief Financial Officer David Zinsner and

Shares in GQG Partners (ASX:GQG) tumbled today after UBS downgraded the company from a buy to a neutral and reduced the stock’s price target from $3.30 to $2.30. GQG is a US-based global investment management firm that specialises in equities, managing funds for institutional and retail investors worldwide. GQG holds significant stakes in emerging market

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points CoreLogic data shows that monthly average home price growth was just 0.1%mom in November, after a downwardly revised 0.2% rise in October The pace of gains remains highly diverse ranging from falls in Melbourne, Sydney and Hobart, to

Resimac Group (ASX:RMC) has announced that Pete Lirantzis will assume the role of Chief Executive Officer in the first half of 2025, succeeding Interim CEO Susan Hansen. Mr Lirantzis, currently serving as Chief Strategy, Products and Operating Officer, joined Resimac earlier this year and has been recognised for his contributions to digital transformation and strategic