June 4, 2023

The ASX looks like starting with gusto later this morning after a big end to the week on Wall Street on Friday. The Dow Jones Industrial Average surged Friday for its best day since January as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a US default. […]

Tesla’s price cuts in markets like the US and China saw its Model Y become the world’s best-selling car in the three months to March, according to research from a UK automotive data analytics company. That’s not just the best-selling electric vehicle (EV) or sports utility vehicle (SUV) but the world’s best-selling vehicle, overtaking the

For some reason investors didn’t like the update on Tuesday from Magmatic Resources (ASX:MAG) showing it had made further strikes of low-level copper and gold at its wholly owned Corvette prospect in its Myall project in the hit central west region of NSW. Magmatic shares fell sharply – 30% after the update, though it recovered

The U.S. Department of Energy (DOE) has issued a Request for Information (RFI) in order to gather public input on the draft Critical Materials Assessment (full report available here). The RFI, which is being issued by the Office of Energy Efficiency and Renewable Energy (EERE)’s Advanced Materials and Manufacturing Technologies Office (AMMTO), aims to enhance

Now this could be very interesting. Greatland Gold said Tuesday that it has entered a farm-in and joint venture agreement with Rio Tinto (ASX:RIO) to speed up exploration across a tenure near the Havieron gold-copper project in WA’s Patterson province and near Newcrest’s Telfer mine. The mining company said the land package hosts several under-explored

The economy will – news flash! – dominate markets in Australia this week, with the Reserve Bank’s June meeting tomorrow and the March quarter’s economic growth figures on Wednesday. There’s support from China’s trade and inflation data for May and none will be all that encouraging for sentiment. Quite a few analysts now forecast that

The OPEC+ group met at the weekend to discuss possible new cuts to its production cap but the real story for the oil market was yet another fall in the number of US oil and gas rigs in use, setting up a growing chance of a fall in American production later this year and in

Adairs (ASX:ADH) is the first major retailer to flag to investors the impact of the RBA-driven slowdown on its 2022-23 performance with a weak trading update on Friday that confirmed the slide in consumer spending is hurting retail sales and earnings. Adairs’ warning won’t feature in tomorrow’s discussions in the Reserve Bank boardroom about whether

The ASX looks like starting with gusto later this morning after a big end to the week on Wall Street on Friday. Despite more jobs being created in May, Wall Street took the US jobs report for last month as a positive – a lift in the jobless rate to 3.7% from 3.4% the month