June 2023

Stocks slipped on Friday as Wall Street closed out a huge week in which investors received a pause on rate hikes from the Federal Reserve, plus encouraging inflation data. The S&P 500 ticked down 0.37 per cent to close at 4,409.59, while the Dow Jones Industrial Average slipped 108.94 points, or 0.32 per cent, to […]

Tesla’s record 13-day streak of gains came to an end on Wednesday when the shares dipped 0.74%, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune. The shares dipped another 0.35% on Thursday when the wider market jumped sharply as investors realised the Federal

Global fund managers have a bad case of Fear of Missing Out as they chase the artificial intelligence-driven tech rally and ignored the weak economic outlook and hawkish central banks. According to the June Bank of America investor survey, ‘long tech’ has emerged as the preferred trade for fund managers wanting to clamber aboard the

A seemingly modest update this week seems certain to result in Alkane boosting the already large estimated resource at its large porphyry copper gold prospects, Kaiser, Boda, Boda Two and Boda Three in the Molong area of central western NSW. The region, already home to existing mines at Cadia (Newcrest), Northparkes (Chinese and Japanese owners),

Oil prices in Asia remained stable following a significant increase on Thursday, despite concerns over higher interest rates in the US and Europe. The jump in prices was driven by a weaker dollar and expectations of more stimulus measures in China. West Texas Intermediate maintained a level above $70 per barrel after a 3.4 per

Iceni Gold (ASX:ICL) announced that assays and fieldwork have confirmed high-grade vein at Everleigh in WA. Technical Director David Nixon commented: “Fieldwork continues to focus along the length of the soil anomaly in the search for further outcropping veining along strike.” Shares are trading 11.11 per cent higher at 11 cents. Austco (ASX:AHC) has been

The Technology sector recorded robust gains, rallying over 2 per cent after Apple and Microsoft each reset their record highs overnight on Wall Street. Accounting software Xero (ASX:XRO) rose 3.2 per cent and was among the best performing stocks. WiseTech (ASX:WTC) shares jumped 2.5 per cent. TechnologyOne (ASX:TNE) shares rose 1.2 per cent. NextDC (ASX:NXT)

Twelve times the Reserve Bank has lifted its cash rate to try cap and then push inflation lower by slowing demand, and yet the jobs market has refused to buckle. May was no different as seasonally adjusted, more than 75,000 new jobs were created last month and the jobless rate dipped to 3.6% from 3.7%