The Australian sharemarket is expected to decline today following a broad selloff in bank stocks.... Continue Reading
Anxiety in the banking sector calmed while inflation data confirmed the likelihood of still-higher interest rates.... Continue Reading
Financial shares tumbled after the collapse of Silicon Valley Bank. February jobs data revealed a stronger-than-expected US labor market.... Continue Reading
Margin squeeze was a key theme this reporting season amid rising cost pressures and a drop in pricing power. But the challenging environment presents opportunities for oversold companies. ... Continue Reading
Bank shares sunk as stronger-than-expected economic data reiterated the need for aggressive monetary policy.... Continue Reading
Investors were cautious after Fed Chairman Jerome Powell said the central bank was keeping its options open about future rate increases.... Continue Reading
In remarks to the US Senate, Federal Reserve Chair Jerome Powell suggested the need to lift interest rates to an unanticipated level. ... Continue Reading
US services industry data pushed stocks higher on Friday, assuring investors of the economy's strength despite aggressive rate hikes.... Continue Reading