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The Latest Breaking News from ASX

Rex has entered voluntary administration. What happens next to the embattled regional airline?

Virgin Australia has offered to rebook Rex passengers due to travel on now-grounded capital city flights on an equivalent Virgin service free of charge

The Guardian - AU

Huge growth of private capital catches regulator's eye

The Australian stock market has been shrinking thanks to a growing number of private equity buyouts and questions are being asked as to why.

AAP

3 High-Momentum Stocks to Ride the Market Wave

Inflation is gradually cooling, and rate cuts might be on the horizon. Against this backdrop, it could be wise to invest in fundamentally sound stocks, ASE Technology Holding (ASX), Western Midstream Partners (WES), and Navigator Holdings (NVGS), with high momentum, to ride the market wave. Read more.

StockNews.com

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EXCLUSIVE: Bitget CEO Talks Bitcoin ETFs' Impact On Australia's Crypto Literacy

Australia has been in the news in recent weeks following the launch of the ASX's first spot Bitcoin ETF, and for an industry expert, the latest development could be a key driver in the country's crypto literacy bid.

International Business Times

Australia’s largest online bookseller Booktopia enters voluntary administration

Insolvency advisers are assessing the business while options for its sale or recapitalisation are explored

The Guardian - AU

VanEck's Bitcoin ETF Entry In Australia Highlights Country's 'Futuristic' Views Of Crypto

The launch of VanEck's VBTC on the ASX drew attention to Australia's evolving views of the cryptocurrency industry, and it could further propel the Australian public's growing trust for Bitcoin as a suitable investment.

International Business Times

Australian shares stumble ahead of key inflation data

The ASX200 has fallen 0.8 per cent to wipe away the previous week's gains as traders brace for more worrying inflation data.

AAP

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Guzman y Gomez storms the ASX, but can the good times really last?

It is pitched as ‘clean food’ and the company has big ambitions, but one analyst warns ‘there’s plenty of things that can go wrong’

The Guardian - AU

It’s now possible to invest in bitcoin on Australia’s largest stock exchange. Is the currency going mainstream?

The Australian Securities Exchange (ASX) has just seen the listing of its first bitcoin spot exchange-traded fund – “ETF” for short.

The Conversation

Guzman y Gomez gives market something to taco 'bout

The ASX finished flat in quiet trading with US markets closed for a public holiday, but Guzman y Gomez shares soared 36 per cent in its debut.

AAP

Australian online seller Booktopia enters share trading halt a fortnight after major job cuts

Bookseller tells ASX it will announce outcomes from strategic review, including ‘progress in seeking additional funding’

The Guardian - AU

VanEck To Launch Australian Securities Exchange's First Spot Bitcoin ETF

VanEck will launch the first spot BTC ETF on ASX on Thursday, marking a positive development in the market's move toward wider crypto adoption through regulated access to digital assets.

International Business Times

Australian shares gain ground as US inflation cools

The ASX200 has finished 0.4 per cent higher after US inflation eased in May, even as the Federal Reserve predicted just one rate cut in 2024.

AAP

Bosses pocket higher pay amid cost-of-living headaches

Chief executives have received an average earnings boost of 14 per cent, a new report shows, as the pay packets of general staff increased by five per cent.

AAP

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StockNews.com

3 Chip Stocks to Watch for June Surge

The chip sector is expected to demonstrate strength, owing to soaring demand for chips across different sectors and rapid technological advancements. Therefore, investors could look to add fundamentally strong chip stocks KLA (KLAC), STMicroelectronics (STM), and ASE Technology (ASX) to their watchlist. Read on.

AAP

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Shares in Guzman y Gomez are set to begin trading on the Australian Securities Exchange as the company sets course to open new restaurants across the country.

The Canberra Times

ACM, Southern Cross Media proposal to create 'dynamic multimedia company'

Merged entity would be 'dynamic and exciting' media company.

AAP

Australian shares flat after NZ's hawkish surprise

After being up as much as 0.3 per cent, the ASX200 faded to finish basically unchanged after the Royal Bank of New Zealand said it considered rate hikes..

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AAP

Life360 eyes satellites for location tracking boost

ASX-listed Life360 says its net loss narrowed and customer base grew in the March quarter while it has unveiled a partnership with a "sci-fi" satellite company.

AAP

Australian shares tumble as RBA rate rise back on table

The ASX200 has fallen 1.4 per cent as investors fear persistent inflation could convince the Reserve Bank to raise interest rates once more.

AAP

Australian shares rally as Middle East tensions ease

The ASX200 climbed 1.1 per cent, with every sector in the green except for energy after the threat of war between Israel and Iran appeared to fade.

StockNews.com

3 Chip Stocks With Massive Potential for Investment Opportunity

The chip industry is booming thanks to a growing demand for advanced chips and their expanding usage across different sectors. Hence, investors could consider buying fundamentally strong chip stocks STMicroelectronics (STM), ASE Technology Holding (ASX), and Photronics (PLAB), given their massive investment potential. Read more.

AAP

Aust shares plunge on Mideast tension, rising yields

The ASX200 index has suffered its second-worst loss in 13 months, dropping to an eight-week low as prospects dimmed further for quick US rate cuts.

AAP

Software firm fires CEO, says $26m is still missing

Melbourne-based software company Dubber has accused its former CEO and a third-party trustee of misappropriating $30 million with 26.6 million still missing.

AAP

'Stale, pale and male': boardroom diversity stalls

Despite corporate platitudes on the importance of diversity and female representation, ASX300 boardrooms remain overwhelmingly white and male.

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