News

It’s been an extraordinary year for cryptocurrency. From Bitcoin hitting US$1 trillion ($1.4 trillion) in market value to Elon Musk’s Dogecoin tweets, it’s been a record year for the digital asset class, which, according to CoinGecko, surpassed US$3.3 trillion ($4.6 trillion) in total value as of last Monday. It does set up some big expectations…

GameStop Corp (NYSE:GME) – GameStop is back. The US video game, consumer electronics, and gaming retailer has unveiled a new partnership with blockchain-based non-fungible token (NFT) platform, Sydney, Australia-based Immutable X (Ethereum token), in a move to expand into the NFT ecosystem. GME shares rose 3 per cent on the day.  It seems GameStop is…

After much deliberation, Australia has made the move to reopen its international borders to fully vaccinated tourists from February 21. Prime Minister Scott Morrison ended one of the world’s strictest and longest-running pandemic travel restrictions, saying, “It’s almost two years since we took the decision to close the borders to Australia.” The impact of Australia’s…

Last week shares in Meta Platforms (the former Facebook) slumped by 26%, erasing some US$251 billion ($353 billion) in value, marking it as the biggest single-day wipe-out in history. It also dragged down shares in Snap, Pinterest and Twitter. So, what happened? Some are putting it down to a dreadful earnings result from Meta, which…

The Commonwealth Bank of Australia (ASX: CBA) share price is under the spotlight today after reporting its FY22 first half result, with a sizeable dividend boost. CBA’s solid HY22 profit growth Commonwealth Bank has reported its result for the six months to 31 December 2021, putting the CBA share price in focus. These are some of the highlights from…

Airtasker (ASX:ART) – Shares are up almost 15 percent at the time of writing following record growth numbers announced in the company’s 2Q operational update. The home services app recorded 39% growth quarter on quarter in Gross Marketplace Volume (GMV) to $48.6m. Q2 revenue increased to $8.1M (up 37.5% on previous quarter and 16.6% on…

The BrainChip Holdings Ltd (ASX: BRN) share price launched as high as 14% in morning trade after announcing its second patent in as many months. Currently, the BrainChip share price is up 7.25% to $1.78. What was announced? BrainChip released an announcement to the ASX that it has been issued with a US patent for“Method and a System for Creating Dynamic Neural…

Few companies represent the last two years of movement in stockmarkets better than Ark Invest. Under the leadership of Cathie Wood, the group went from close to zero, to hero amid the pandemic, only to be sold down heavily in the current tech selloff. Their approach is simple, take a very-long term view on the…

Homegrown medical device company Resmed Inc (ASX: RMD) has updated the market with its second-quarter results, boosting profit 12% year on year. The market has largely not reacted to today’s update, with the Resmed share price up just 0.70% to $31.18. Resmed provides new solutions and technologies to treat sleep apnea, chronic obstructive pulmonary disease (COPD) and other…

I think this ASX share market decline is a good opportunity to buy some leading stocks at much cheaper prices. Share prices do fall from time to time. But it’s rare for most businesses to see a decline all at the same time. In other words, the share market can be a good time to buy…

Blockchain is probably the biggest trend of this era. It’s hot right now and its exciting. Blockchain is the technology that underpins all cryptocurrency. It’s the digitally distributed, decentralised, public ledger that exists across a network. But Blockchain is no longer only relevant to cryptocurrency and can be used across a number of services. These…

Australia The Delta lockdowns in NSW and Victoria weren’t anywhere near as bad as expected for the economy, which fell by just 1.9 per cent in the September quarter, gaining 3.9 per cent over the year. Of greater concern was a significant fall in the iron ore price as China ramped-up pressure on its most-polluting…