Silver Lake Resources (ASX:SLR) shares have had a shocking start to the week, with a slump of more than 20% following Monday’s release of a confusing quarterly statement for the three months up to June and the 2022-23 financial year. It’s not that the company didn’t perform well – it met its gold and copper […]
Shares in Silver Lake plunge Read More »
July saw US energy firms again cut the number of active oil rigs in use for an eighth straight month while they added new natural gas rigs for the first time in three months. That was after energy services firm Baker Hughes said in its weekly report on Friday that drillers had cut the number
US energy firms cut oil rigs for eighth month while adding new natural gas rigs Read More »
31 Jul 2023 – A snapshot of the stocks on the move, featuring AD1 Holdings (ASX:AD1), New World Resources (ASX:NWC) and Matsa Resources (ASX:MAT).
Stocks of the Hour: AD1 Holdings, New World Resources, Matsa Resources Read More »
AD1 Holdings (ASX:AD1) announced that they have renewed their contract with the Victorian Government for one of their software businesses, ApplyDirect, for an additional three years. In response, AD1 CEO, Brendan Kavenagh, commented, “We continue to invest time and resources in improving our platform offerings, tailoring solutions to better support our customers into the future.”
Stocks of the Hour: AD1 Holdings, New World Resources, Matsa Resources Read More »
At midday, Australia’s share market has returned to a flat position after experiencing an early rise. Investors seem cautious as they await the RBA interest rate decision scheduled for Tuesday. At noon, the S&P/ASX 200 is 0.13 per cent higher at 7,413.40. Earlier, the index reached a peak of 7434.3 before retracting to 7409, influenced
ASX up 0.13% at noon as investors await Tuesday’s RBA decision Read More »
31 Jul 2023 – Stocks rose Friday with the Dow Jones Industrial Average and S&P 500 closing out their third winning weeks in a row as a measure of inflation closely watched by the Federal Reserve came in at its lowest in nearly two years.
Dow Jones & S&P 500 secure third consecutive week of gains Read More »
Russia’s decision to withdraw from a deal allowing Ukrainian grain to be exported globally is a high-stakes gamble by President Vladimir Putin that risks straining diplomatic relations with two of Russia’s influential partners, China and Turkey. By choking off Ukraine’s massive grain exports, Russia aims to further cripple its adversary’s economy while potentially boosting its
Russia’s grain deal withdrawal strains relations with China and Turkey Read More »
The Fed and the European Central Bank have both raised their key rates by 0.25% this week, and on Friday, the Bank of Japan revealed greater flexibility in its yield control policy that could result in market rates rising, but not its key policy rate, which remains at -0.1%. Japan’s central bank pledged on Friday
Qantas has fired back at Sydney Airport’s claims of “slot hoarding,” stating that the airport is primarily interested in increasing its own revenue. The airport’s CEO, Geoff Culbert, has accused Qantas and Virgin Australia of holding onto more slots than necessary to prevent competitors like Bonza and Rex from gaining access. Slots are time windows
Qantas responds to Sydney Airport’s “slot hoarding” accusations Read More »
Pilbara Minerals (ASX:PLS) has managed to overcome uncertainties surrounding the impact of the 2022-2023 lithium price slide. The company’s June quarter and full-year production report revealed that fears of significant damage were unfounded, as it experienced only a minor drop in revenues due to lower prices. Demand for Pilbara’s key lithium product remains steady, and
Pilbara Minerals: strong lithium market resilience Read More »
