June 26, 2023

The Nasdaq Composite slumped on Monday as investors sold shares of technology companies that have outperformed this year and the final trading week of the first half commenced. The Nasdaq shed 1.16 per cent to settle at 13,335.78, while the S&P 500 lost 0.45 per cent to close at 4,328.82. The Dow Jones Industrial Average

Metcash (ASX:MTS) may have reported record annual sales and earnings for the year ending 30 April, but closer examination of the results reveals warning signs that cast doubt on the initial 9% surge in the retailer’s share price on Monday. By mid-afternoon, the early bounce had halved to just over 4% as investors scrutinized the

Shares in Element 25 (ASX:E25), a prominent manganese miner and explorer, experienced a significant surge of 23% on Monday following the announcement of a momentous supply contract with the renowned US car manufacturer, General Motors (GM). The contract, anticipated to be a multi-million dollar agreement, marks a substantial milestone in a project with an estimated

Musgrave Minerals (ASX:MGV)’s board has unanimously advised shareholders to decline the all-stock bid presented by Westgold Resources (ASX:WGX), asserting that the offer undervalues the company and fails to account for its growth potential. The bid, which implies a value of $177.3 million, offers Musgrave shareholders one share in Westgold for every 5.37 Musgrave shares. In

After telling the world that it would be disciplined in spending capital, Wesfarmers (ASX:WES) has surprised the market by announcing its decision to match the $3.35 per share offer made by Hong Kong-based EC Healthcare for SILK Laser (ASX:SLA). This move comes after Wesfarmers’ API was outbid by EC Healthcare in May, when they presented

The Australian dollar is currently trading near its lowest level since the beginning of June due to concerns among investors about central banks increasing policy interest rates. There is a widespread belief that these rate hikes will negatively impact the global economy, commodity prices, and the Australian dollar (AUD). Commonwealth Bank analysts predict that the

Australia’s share market experiences volatility with a significant multi-day selloff, but recovers partially as US futures show slight improvement. At noon, the S&P/ASX 200 is 0.36 per cent lower at 7,073.80. While finding support from the June 1st low at 7076.6, the index is still expected to record its fourth consecutive daily decline. Over the

Metal Hawk (ASX:MHK) has discovered thick, high-grade rare earths at the Fraser South project in WA. Managing Director Will Belbin commented: “With our very large tenement holding positioned directly over these fertile granites, there is ample opportunity to expand and discover new additional broad zones of mineralisation.” Shares are trading 113 per cent higher at