July 27, 2023

The Dow Jones Industrial Average finally ran out of steam Thursday as investors cashed in following a historic streak of 13 straight gains. The 30-stock index fell 237.40 points, or by 0.67 per cent, to 35,282.72 — dragged lower by shares of Honeywell, which recorded lighter revenue than the Street wanted in their latest quarterly

The European Bank for Reconstruction and Development has agreed to invest 6 million euros to support European Metals Holdings’ (ASX:EMH) development of the Cinovec lithium project in the Czech Republic. Executive Chairman Keith Coughlan discusses the significance of the placement and the momentum behind lithium in Europe.

On Thursday, the Australian sharemarket reached a five-month high, driven by a strong performance in real estate and technology stocks. At the closing bell, the S&P/ASX 200 was 0.73 per cent higher at 7,455.90. The market’s optimism was fueled by the belief that the Federal Reserve had raised the cash rate for the final time

Gold 50 (ASX:G50) has reported a notable discovery of gallium mineralisation during its maiden drilling program at the Golconda Project in Arizona. The company’s wide-spaced drilling campaign has intersected gallium mineralisation in 11 out of 14 holes, showcasing promising results that may have economic implications amidst recent global supply chain concerns. Among the standout results

A significant commercial-scale green hydrogen project in Western Australia has been scrapped by Canadian infrastructure player ATCO, despite receiving funding support from the Australian government’s renewables arm. In May 2021, the Australian Renewable Energy Agency (ARENA) committed $28.7 million to finance a 10-megawatt electrolyser for gas blending at ATCO’s Clean Energy Innovation Park in Warradarge,

JPMorgan Chase is positioning itself in anticipation of an impending US recession, foreseeing a surge in gold prices to surpass $2000 an ounce by the end of this year. The bank’s analysts believe that the precious metal will hit fresh records in 2024 as interest rates start to decline. According to Greg Shearer, Executive Director

Mergers typically result in larger combined entities, but a recent bank deal is bucking the trend by pursuing a different path — one that could potentially unlock more lender mergers in the future. Following the recent deposit crisis and loss of market confidence triggered by the collapses of Silicon Valley Bank, Signature Bank, and First

Meta platforms has surpassed analysts’ expectations for second-quarter sales and provided a positive outlook for the current period, propelling its shares to climb 4.5 percent in after-hours trading. According to a statement released on Wednesday, Meta’s second-quarter revenue reached $32 billion, outpacing analysts’ average projections of $31.1 billion. Additionally, the company forecasts sales for the