Latest News

Myer’s share price hit an all-time low after analysts downgrade

Myer’s share price hit an all-time low after analysts downgrade

Myer investors have punished the department store and pushed its share price to an all-time low after analysts downgraded the stock following its weak full-year results.  The company on Thursday revealed its full-year profit slumped 80 per cent to $11.9 million in 2017, driven by a $38.8 million writedown to the value of fashion brand […]

Cloudy days ahead for Macquarie as high levels debt and global pressures are stifling shareholders

Cloudy days ahead for Macquarie as high levels debt and global pressures are stifling shareholders

Macquarie Group, the world’s largest infrastructure manager, could be forced into a fire sale of ­assets as it comes under pressure from rising interest rates, high levels of debt and stalled earnings, according to Citi. Despite booking a record $2.2 billion profit last year, Macquarie’s earnings have been coming under increasing pressure.  The growth in profit […]

Bitcoin’s price drops after report China may shut down exchanges

Bitcoin’s price drops after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Bitcoin and altcoins have dropped up to 25% in hours after rumors surfaced. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation.  Bitcoin’s price fell 7 percent […]

Australian dollar hits high of US 80 cent

Australian dollar hits high of US 80 cent

THE Australian dollar is sharply up against its US counterpart and well above the 80 US cent mark for the first time in a while.  The Australian dollar has surged against a weaker US dollar following a meeting of the European Central Bank.  The benchmark S&P/ASX200 index was down 0.24 per cent at 5,676.1 points […]

Bullishness on China sends copper soaring

Bullishness on China sends copper soaring

Copper’s many applications have made the metal a widely checked barometer of economic health.  TOKYO — Copper prices have surged in recent weeks amid growing optimism about the economic outlook for China and the world, but some warn that the rise has outstripped real demand and a correction could be in the offing.  A rally […]

Fastbrick Robotics Wins National Innovation Awards

Fastbrick Robotics Wins National Innovation Awards

Fastbrick Robotics Limited  (ASX:FBR) are the winner of two National Innovation Awards at the iAwards, the premier technology awards platform in Australia.  Announced as winner of the “Industrial and Primary Industries” category.   Awarded the National “Inspiration of the Year Award” sponsored by the Victorian Government.   Now eligible for the Asia Pacific ICT Alliance (APICTA) Awards […]

North Korea tensions spook share market

North Korea tensions spook share market

The Australian share market is trading lower at noon as the rising geopolitical tensions following North Korea’s latest nuclear test spook investors across the region.  The benchmark S&P/ASX200 stock index was down 0.39 per cent at 5,702.2 points, with all sectors other than materials, gold and telcos weaker.  Markets in Japan, South Korea, Singapore and […]

Why Bitcoin Cash miners are Losing Money Doing It

Why Bitcoin Cash miners are Losing Money Doing It

Over the weekend, the bitcoin cash blockchain experienced a notable technical change.  Like the bitcoin blockchain from which it forked, bitcoin cash is hard-wired to adjust how hard it is for miners to claim its rewards, and on Saturday, it saw such a change. As a result, bitcoin cash was made 300% more difficult to mine.  This, in […]

Apple shares soar healthy iPhone sales

Apple shares soar healthy iPhone sales

Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per […]

Facebook shuts down AI experiment after Glitch

Facebook shuts down AI experiment after Glitch

A pair of chatbots has recently done something children often do: create a secret language.  Last month, researchers at Facebook found two bots developed in the social network’s AI division had been communicating with each other in an unexpected way. The bots, named Bob and Alice, had generated a language all on their own:   Bob: “I […]