August 2023

Best Buy’s latest quarterly performance was touted as exceeding Wall Street’s expectations, yet closer examination reveals a considerable weakness in both headline figures and same-store sales. The consumer electronics giant experienced a decline in both sales and profits during the three months leading up to June 29, indicating a continued consumer pullback in spending on […]

Bitcoin has experienced a noteworthy upswing, marking a surge of over 7% and effectively crossing its 200-day simple moving average. The driving force behind this ascent is attributed to a significant legal breakthrough achieved by Grayscale Investments. This event has not only influenced Bitcoin’s market value but has also sparked discussions about potential ramifications for

Chalice Mining (ASX:CHN) has achieved a significant milestone in its Gonneville mining project located in Western Australia, as the initial Scoping Study presents promising outcomes for the prospect and future mining endeavors. The recently released Scoping Study outlines two potential mine sizes for the project, which aims to extract platinum group elements, nickel, and other

The Nasdaq Composite climbed more than 1 per cent Tuesday, as investors flocked back to tech stocks in the final days of what’s been a difficult August for the market. The tech-heavy index gained 1.74 per cent to close at 13,943.76. The S&P 500 climbed 1.45 per cent to close at 4,497.63 — its best

Mineral Resources (ASX:MIN) witnessed a 7% upsurge in the value of its shares yesterday, attributed to a substantial dividend increase that counterbalanced a write-down in the valuation of select iron ore assets. The company reported a write-down that impacted its net profit after tax, while robust earnings from other segments, particularly lithium, contributed to buoyant

Red 5 (ASX:RED) has announced impressive achievements, including record production and revenue, along with a decreased loss for the fiscal year ending in June, as its King of the Hills (KOTH) gold mine in Western Australia continues to show progress. As previously detailed, the company achieved a record-breaking gold production of 165,544 ounces and gold

Noumi (ASX:NOU), the company behind MilkLab and a range of plant-based dairy products, formerly known as Freedom Foods, has shown promising progress with a sharp reduction in its annual loss for the year ending June 30. The company reported a loss of $46.9 million, reflecting the ongoing success of its turnaround strategy, implemented after a

Property prices are tumbling, major developers are in dire straits, and a significant financial conglomerate has missed interest payments, invoking memories of the 2008 financial crisis. While alarm bells are ringing about a potential systemic crisis in China, market signals are painting a contrasting picture. Historically, a crisis brewing in the financial sector is often

In a surprising turn of events, the commodity that should be bearing the brunt of China’s deepening property crisis is instead displaying remarkable strength. Iron ore recently reached its highest point in a month, defying the shadows cast by China’s debt-laden economy. Despite waves of disconcerting news from the real estate sector, which usually constitutes

NZ-based Fisher & Paykel Healthcare Corporation looks on track to make guidance for the six months to September and the full financial year ending March 2024 after delivering an update to the company’s annual meeting yesterday (Tuesday). And in doing so first half earnings could see a small rise on a year who when net