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Joseph CarboneDigital Producer – Business

Joseph Carbone is a producer for The Australian Business Network after serving as Acting Digital Editor for The Weekly Times, Australia’s foremost rural news source.

Joseph Carbone

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Trading DayTrading Day

Rio Tinto CEO to step down

Shares extend falls after Wall Street’s heavy losses. Wesfarmers well-placed to navigate uncertain economy: CEO. ACCC approves IAG’s RACQ acquisition. Bitcoin hits new high.

David Rogers, Joseph Carbone and Lilly Vitorovich

ExclusiveTechnology

Sicona Battery Technologies chief executive Christiaan Jordaan.,

NSW lithium battery maker locks in $15m deal with Indian investor

A lithium battery start-up is set to expand its workforce and flagship factory at Wollongong as it pursues mass production of high-performance lithium batteries after another funding injection.

Joseph Carbone

Trading DayTrading Day

SYDNEY, AUSTRALIA - NewsWire Photos November 3, 2021: General scenes from the Australian Stock Exchange in Sydney.Picture: NCA NewsWire / Jeremy Piper

Reject Shop $259m takeover ‘fair and reasonable’; Mathieson backs board at under-fire Mayne

Investors boost bourse after RBA’s second rate cut this year. CBA powers to new record. Environment Minister Murray Watt says Woodside extension call coming by end of month. Nufarm tanks. Westpac job cuts may boost profits by $725m.

David Rogers, Joseph Carbone and Lilly Vitorovich

Trading DayTrading Day

RBA cuts rates to 3.85pc, big banks follow

‘Strong case’ for more cuts after Reserve Bank governor Bullock hands down ‘confident cut’. Shares gain as investors pile into CBA. Rio strikes $1.39bn lithium deal. TechnologyOne rallies on profit upgrade.

David Rogers, Lilly Vitorovich and Joseph Carbone

IPOsTechnology

01/06/2023. Peter Freedman, owner of Rode, which has been a big success story exporting Rode microphones around the world, pictured at the company's manufacturing facility in Silverwater in Sydney's Western suburbs with view to high-tech robotic plastic injection mould operations in background. Britta Campion / The Australian

Freedman turns up volume for a listing

The mercurial boss behind Rode is by no means a conventional businessman, but recent acquisitions in the US are paving the way to the bourse.

Joseph Carbone

Trading DayTrading Day

SYDNEY, AUSTRALIA - NewsWire Photos June , 2021: The opening of the ASX this morning with a mix of red and green on the board. Picture: NCA NewsWire / David Swift

Mixed day for Big Four; Paladin leads uranium falls

CBA hits intraday record of $172.92, surges past best ‘fair price’ estimates. What to expect from the RBA next week. Trump’s week of Arab bromance. David Dicker steps down from Dicker Data.

Valerina Changarathil and Joseph Carbone

LAY-OFFSTechnology

Almost 100 Microsoft Australia jobs face the axe

The tech giant has laid off almost 3 per cent of its global workforce overnight in a bid to further slim its operations as it spends big on artificial intelligence.

Joseph Carbone

Trading DayTrading Day

19/05/2010 WIRE: A concerned investor looks at a sea of red (indicating falling share prices) on a display at the Australian Stock Exchange (ASX) in Sydney 19/05/2010.

RBA rate cut on track despite wages surprise; Insignia top loser

Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.

Valerina Changarathil, Joseph Carbone and Lilly Vitorovich

Big brotherTechnology

The Tile family of products can be used to track and find lost items.

Tech minnow scores big amid popularity of tracking family members

A little-known tech company is becoming one of the ASX’s hottest tech stocks, generating record revenue from its location-sharing app that’s loved by families.

Joseph Carbone

Trading DayTrading Day

A Chinese investor reacts as he looks at prices of shares (red for price rising and green for price falling) at a stock brokerage house in Jiujiang city, east Chinas Jiangxi province, 17 September 2012.The last time Chinas stocks were this cheap in 2008, the benchmark index rose 83 percent in a year. Now is different as policymakers struggle to reverse the worst economic slowdown in more than a decade, the most-accurate strategists say. While the Shanghai Composite Index trades at 11.4 times the earnings of Chinas biggest companies, the lowest level since at least 1997, economists predict the worlds second-largest economy will grow at its slowest annual pace in 13 years. Investors anticipate the government will lack focus on the slowdown as the Communist Party prepares for a once-in-a-decade leadership transition. Haitong Securities Co. strategist Chen Ruiming, who correctly predicted on August 1 the index would fall below the 2,000 level, says the measure is poised to drop a further 14 percent to 1,800 this year. Chinas stocks will end down for a third year, according to Bank of Communications Co.s Hao Hong. Falling interest rates and increasing copper prices, which foreshadowed the rally in 2009, are not predictive this time around, said David Cui, chief China strategist at Bank of America Corp. He sees more losses for the index after saying in February 22 that it would slump to 2,100 by year-end.

Market trims ‘reset’ gains after China-US trade ceasefire

Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.

Valerina Changarathil and Joseph Carbone

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