June 7, 2023

Overnight, the S&P 500 ticked down 0.38 per cent to close at 4,267.52, and the Nasdaq Composite declined 1.29 per cent to end at 13,104.89. The Dow Jones Industrial Average, the outlier among the major averages, added 91.74 points, or 0.27 per cent, closing at 33,665.02. The broad market index fluctuated near its highest closing levels

Australian economic growth slowed in the three months to March as consumers cut spending and savings (the latter to a near 15-year low) under the rising impact of the Reserve Bank’s repeated interest rate rises and continuing high inflation. Only solid investment by business and government, a rise in the terms of trade – as

The slowdown in the Chinese economy was dramatically underlined Wednesday with very weak May trade data – especially exports, the mainstay of the stuttering recovery this year. It was the first fall in monthly exports since February and confirms the sobering view that global demand is now so weak (especially in major markets like the

Among the stories doing the rounds during Wednesday’s ASX trading session were these two from Viva Energy and Estia Health. ………… Australia’s vulnerability to interruptions to supplies of petrol have again been exposed by an accident at the Viva Energy (ASX:VEA) refinery in Geelong, near Melbourne where a crane failure caused a compressor to be

At the closing bell, the S&P/ASX 200 was 0.16 per cent lower at 7,118.00. The energy sector was the worst performing, down 0.7 per cent. Beach Energy (ASX:BPT) shares dropped 8.1 per cent. Viva Energy (ASX:VEA) shed 2.8 per cent. Karoon Energy (ASX:KAR) fell 3.5 per cent. Woodside Energy (ASX:WPL) shed 0.4 per cent. The

Larvotto Resources Limited (ASX:LRV) Managing Director Ron Heeks discusses the company’s projects, commenting on their rare earths, gold, copper, cobalt, lithium and PGE potential. Tim McGowen: We’re talking with Larvotto Resources (ASX:LRV), market cap of around $16m. We have with us Managing Director Ron Heeks. Ron, welcome to Sydney. Thanks for your time. Ron Heeks:

Novonix Limited (ASX:NVX) CEO Dr Chris Burns discusses the company’s joint research and development agreement with South Korean battery cell manufacturer LG Energy Solution. Paul Sanger: We’re talking today with NOVONIX (ASX:NVX), an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery cell industry, with operations in the US,