Monthly Archives - June 2020

Apple earns US$500 billion from apps: ASX poised to open higher

16 Jun 2020 - Following a rise from US markets overnight, the ASX looks set to open higher this morning. US stocks jumped yesterday, recovering from earlier losses, as the Federal Reserve announced further measures to support the market during the pandemic. Apple reported yesterday that its App Store facilitated over half a trillion dollars in billings and sales. The EU and the UK government have decided to intensify Brexit talks over growing concerns that both sides might fail...

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Quantum computing hopeful Archer (ASX:AXE) reaches tech milestone: Aus shares off to a rocky start

15 Jun 2020 - Despite positive international leads coming into the session, the Australian share market opened lower and is off to a rocky start. ABS data released today shows the extreme impact of the covid shutdown on international travel. Iron ore and gold are both trading higher. Archer Materials (ASX:AXE) has reached a significant technological milestone in progressing its quantum computing chip.

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CBA appoints Simon Moutter to board: Aus shares to open higher

15 Jun 2020 - The Australian share market is set to open higher this morning after Wall Street rebounded on Friday. Technology and financial stocks led the recovery. Coronavirus developments will be front and centre this week, with a raft of economic news on the agenda. The Commonwealth Bank of Australia (ASX:CBA) has appointed Simon Moutter as an Independent, Non-Executive Director.

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