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Acrow Limited (ASX: ACF) has announced a A$70 million capital raising to fund two acquisitions and reduce debt. The move is designed to lift future revenue and earnings, but it also means new shares will be issued at a discount. For investors,…
Xero (ASX:XRO) and WiseTech Global (ASX:WTC) were among the ASX technology names under pressure as investors reassessed growth-stock valuations. The weakness was not only about these two companies. It was part of a wider pullback in ASX technology shares. When investors become…
Wall Street sent a mixed message this week. The Dow Jones Industrial Average hit a fresh record and finished just below 52,000, while the Nasdaq slipped as high-flying AI and chip stocks sold off. That may sound confusing, but the story is…
Flight Centre Travel Group(ASX:FLT) gave investors a strange mix of bad news and good news. The travel company downgraded its FY26 profit guidance after the Middle East conflict disrupted overseas holiday bookings, but the stock still staged a sharp recovery despite an…
Symal Group (ASX:SYL) gave investors a fresh reason to watch the stock after announcing a major move into defence-linked civil construction. The company is buying Shamrock Civil, a Queensland-based contractor with more than 30 years of operating history and strong exposure to…
Robinhood (NASDAQ: HOOD) Markets shares moved higher in premarket trading after the company announced plans to cut around 10% of its full-time workforce. The cuts will affect about 290 employees. Robinhood had around 2,900 full-time workers at the end of last year,…
The Reserve Bank of Australia has kept the cash rate unchanged at 4.35%. For borrowers, that means mortgage relief is still not here. But for investors in ASX bank shares and dividend stocks, the message is more balanced. A higher cash rate…
Micron Technology (NASDAQ: MU) is back in focus after the stock rallied in premarket trading on Monday, before turning volatile during the regular session. The move came as investors looked again at artificial intelligence and semiconductor stocks, especially companies that could benefit…
Airline stocks moved higher as oil prices fell, giving investors some relief over fuel-cost concerns. Delta Air Lines (NYSE: DAL) and United Airlines Holdings (NASDAQ: UAL) are two major US airline stocks that investors often watch when oil prices move. This is…
Magellan Financial Group Ltd (ASX: MFG) shares rose after the ACCC cleared its merger with Barrenjoey Capital Partners. The deal is expected to be completed in early July, after the statutory 14-day review period ends. If the merger completes, Magellan plans to…
Woodside Energy Group Ltd (ASX: WDS) is moving to buy PetroChina’s 10.67% stake in the Browse gas project. The deal would lift Woodside Energy’s interest in Browse to about 41.27%, assuming no other partner exercises pre-emptive rights. Woodside Energy will pay US$225…
US inflation has jumped to its highest level in three years, giving investors a fresh reason to worry about interest rates, consumer spending and market volatility. The latest data showed that consumer prices rose 4.2% in May from a year earlier, up…