ASX to slip, US stocks modestly higher

Labor must help coal workers with the transition to clean energy and not leave their fate to Mike Cannon-Brookes and teal independents, the mining union says.AUD -0.5% to 68.20 US centsIn New York: BHP -2.7% Rio -2.4% Atlassian +2.6%Spot gold -0.2% to $US1831.49/oz at 12.33pm in New York10-year yield: US 3.91% Australia 3.87% Germany 2.52%Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world’s second-largest brewer, for about $US902 million.

The company will reduce its quarterly distribution to investors to US12.5¢ a share, payable June 1, the chipmaker said in a statement. Intel’s current quarterly dividend is US36.5¢ and was projected to cost more than $US6 billion in 2023. The new payment resets Intel’s dividend to a level not seen since 2007.

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RBA’s confession shakes ASX retail stocksThe S&P/ASX 200 Index fell 0.2 per cent to 7336.3 points; New Century surged 42.2 per cent to $1.09 and Johns Lyng advanced 13.2 per cent to $6.34.
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