July 2023

A 22-year high for US interest rates was reached thanks to the latest decision from the Fed, yet markets continued unaffected, and the Dow ended higher for yet another session. In fact, on Wednesday, the Dow managed to achieve a 13th day of gains, marking its longest winning streak since January 20, 1987. If the […]

Tamboran Resources (ASX:TBN), a leading gas exploration company based in Australia, has released its fourth-quarter activities report for the period ending on June 30, 2023. The report highlights significant developments and achievements during the quarter, demonstrating the company’s commitment to developing its Beetaloo Basin assets and the proposed Northern Territory LNG (NTLNG) development at Middle

The Dow Jones Industrial Average rose Wednesday, notching its best winning streak since 1987 as traders digested a Federal Reserve rate hike and major corporate earnings. The Dow average added 82.05 points, or 0.23 per cent, to 35,520.12. The 30-stock index extended its rally to 13 days, an advance it hasn’t achieved since January 1987. If

Mineral Resources (ASX:MIN), led by CEO Chris Ellison, has made a strategic decision to forego its plan of constructing lithium hydroxide refineries in China. Instead, the company is shifting its focus to producing a lithium sulphate product in Australia. According to Mr. Ellison, the returns from this new approach justify avoiding the costs and risks

Rio Tinto’s (ASX:RIO) half-year profit fell 34% due to weaker commodity prices. The $US5.7 billion underlying result and dividend missed analyst estimates. Australian iron ore dominated the result, but lower prices offset improved volumes. At the closing bell, the S&P/ASX 200 was 0.85 per cent higher at 7,402. Futures The Dow Jones futures are pointing

Whilst the prevalence of Artificial intelligence has boosted the US-tech sector, with the likes of Nvidia and C3.ai seeing their share prices increase by 219% and 265% respectively since the start of the year, Down Under, tech stock valuations have been largely dampened over a time period of rising interest rates, macroeconomic uncertainties and geopolitical

Australian consumer inflation showed signs of slowing in the three months to June, with an annual rate of 6.0%, down from 7.0% in the previous March quarter. Despite this decrease, concerns remain at the Reserve Bank about the persistent rise in costs across the economy. The Australian Bureau of Statistics reported that core inflation also

X Corp is making strategic moves to lure brands back to its social media platform under the ownership of Elon Musk, and one of its key tactics is offering substantial discounts on ad prices. Previously known as Twitter, the social network is now determined to attract advertisers with new incentives for specific ad formats in

Mineral Resources (ASX:MIN) has fallen short of its lithium export targets from the Wodgina mine in Western Australia, which it operates in partnership with Albemarle, a New York-based company. The mining company revealed the missed shipments of spodumene concentrate from the Wodgina mine on Wednesday, just days after MinRes backed out of a billion-dollar deal

QX Resources (ASX:QXR) has made significant progress in its pursuit of the Liberty Lithium Brine Project located in California, USA. The project has been the subject of discussions and extensive due diligence, leading to encouraging results that reinforce its potential as a significant lithium resource. Recent resampling of lithium brines from auger holes has returned