Finance News Network

News by Peter Milios

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

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ESG developments: Montana climate case, Hawaiian electric lawsuit, and post-IRA market trends

18 Aug 2023 - ESG developments have taken center stage this week, with significant events shaping the landscape of climate action, corporate responsibility, and market performance.

US stocks slide as investors assess jobs data and new earnings

18 Aug 2023 - Stocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data.

Cauldron Energy ventures into high-potential Melrose Project with EM survey initiation

18 Aug 2023 - Cauldron Energy (ASX:CXU), a prominent player in the minerals exploration sector, has ushered in a new phase of exploration by announcing the commencement of an Elect…

ASX closes 0.68% lower as worries continue of China's economy

17 Aug 2023 - At the closing bell, the S&P/ASX 200 was 0.68 per cent lower at 7,146.00.

ASX down 1.18% at noon: Australia's unemployment rises 3.7% in July

17 Aug 2023 - At noon, the S&P/ASX 200 is 1.18 per cent lower at 7,110.30. Australia’s unemployment rate has risen to 3.7 per cent in July. The workforce experienced a reduction of…

Stocks fall for a 2nd consecutive day as investors assess the Fed's July meeting

17 Aug 2023 - Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.

ASX closes 1.5% lower as Tech falls by 2.93%

16 Aug 2023 - On Wednesday, the ASX experienced a significant drop in response to a global sell-off that took place overnight. At the closing bell, the S&P/ASX 200 was 1.5 per cent…

ASX down 1.31% as China's deflation concerns spooks investors

16 Aug 2023 - China's shift towards deflation is causing concern in financial markets, yet some money managers suggest potential positive outcomes, as lower prices stemming from Ch…

Stocks suffer as China's data figures disappoint

16 Aug 2023 - Stocks fell Tuesday as concern over the state of the economy - China in particular - and a decline in US banks combined to pressure Wall Street.

ASX closes 0.4% higher as gold price hits five-month low

15 Aug 2023 - The price of gold has dropped to a five-month low due to improved expectations of a gentle economic slowdown in the US and a series of disappointing economic indicato…

Afternoon update: ASX 0.53% higher, China unexpectedly cuts rates

15 Aug 2023 - The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent gr…

ASX up 0.63% at noon as wage growth comes in lower than expected

15 Aug 2023 - The Australian dollar experienced a decrease in value following the release of second quarter wages data that fell short of expectations. This development strengthens…

The race to reinvent the workplace: AI integration creates investment opportunities

15 Aug 2023 - The integration of AI into business processes is sparking a race to reshape workplaces and tap into significant investment opportunities that could yield substantial …

"Green tariff" proposed by Bowen to protect Australian steel and cement industry from carbon leakage

15 Aug 2023 - Australia is considering the introduction of a "green tariff" targeting imports of steel and cement from nations such as China, India, and Vietnam.

Chip stocks rebound to lift the Nasdaq and S&P500

15 Aug 2023 - The S&P500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names.

ASX closes 0.86% lower as renewed China worries impact mining stocks

14 Aug 2023 - At the closing bell, the S&P/ASX 200 was 0.86 per cent lower at 7,277.

Afternoon update: ASX down 0.92%, Further earnings results released

14 Aug 2023 - The S&P/ASX 200 index is currently down 0.92 per cent, with the value at 7,272.80 points. The SPI futures have dropped by 73 points.

ASX down 0.46% at noon as AUD tumbles to two month low

14 Aug 2023 - At noon, the S&P/ASX 200 is 0.46 per cent lower at 7,306.30. The Australian dollar's value fell by 0.3% to US64.75¢, marking a two-month low. This decline follows a m…

Massive backlog of vessels at Panama Canal as drought causes congestion

14 Aug 2023 - The Panama Canal, which connects the Atlantic Ocean with the Pacific Ocean and divides North and South America, is grappling with an unprecedented traffic jam as the …

Selloff in semiconductor stocks causes Nasdaq to slip

14 Aug 2023 - The Nasdaq Composite ended Friday lower and notched its second consecutive losing week in 2023 as semiconductor stocks languished.

ASX down 0.13% at noon: Investors process a series of corporate earnings

11 Aug 2023 - At noon, the S&P/ASX 200 is 0.13 per cent lower at 7,347.80. Investors are processing a series of corporate earnings reports. The market was impacted by a decline in …

Tapestry's US$8.5 Billion takeover of Versace owner sparks share reactions

11 Aug 2023 - Tapestry, the US-based parent company of lifestyle brands Coach and Kate Spade, is set to acquire the parent company of Versace and Michael Kors, Capri, in a momentou…

Alibaba surprises market with 14% increase in quarterly sales amid economic headwinds

11 Aug 2023 - Chinese e-commerce titan Alibaba has unveiled an unexpected surge of 14 percent in year-on-year quarterly sales, defying recent economic challenges and deflationary p…

Nick Scali reports impressive full-year profit surge of 26.1% amidst improved delivery and expansion

11 Aug 2023 - Furniture retail giant Nick Scali has exceeded market expectations by achieving a remarkable 26.1% increase in net profit for the full fiscal year, reaching a total o…

July CPI data comes in lower than expected on an annual basis

11 Aug 2023 - The Dow Jones Industrial Average edged higher Thursday, after the July consumer prices gained 3.2 per cent on an annual basis, less than the 3.3 per cent consensus fr…