September 28, 2023

29 Sep 2023 – Stocks rose Thursday, as Wall Street tried to regain some of this month’s steep losses and traders kept an eye on Treasury yields.

Chariot Corporation, soon to be ASX-listed next month, is making waves in the US lithium market. With a strategic focus on the United States, Chariot is poised to take advantage of the country’s burgeoning lithium sector. Let’s delve into Chariot’s flagship project, extensive portfolio, and upcoming ASX listing. US Lithium Opportunity Chariot Corporation has set

Stocks rose Thursday, as Wall Street tried to regain some of this month’s steep losses and traders kept an eye on Treasury yields. The Dow Jones Industrial Average climbed 116.07 points, or 0.35 per cent to 33,666.34. The S&P 500 added 0.59 per cent to 4,299.70 — just shy of the key 4,300 level. The

The ASX closed lower on Thursday, primarily due to a decline in consumer stocks following an unexpected drop in monthly retail sales figures. The S&P/ASX 200 index decreased by 0.1%, or 5.5 points, settling at 7024.8 by the end of the trading session. Among the 11 industry sectors, eight recorded losses. Consumer stocks were particularly

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA. Key points:Annual retail sales growth slowest since 2021 lockdowns, retail volumes continue to decline, challenging consumption outlook.Job vacancies fell 9% over the last quarter, pointing to further slowing in the labour marketBoth data points will likely help keep the RBA

De Grey Mining (ASX:DEG) is moving closer to its planned $1 billion-plus gold mine at the Mallina-Hemi gold discovery in Western Australia’s Pilbara. The company suspended its shares on Thursday to initiate a $300 million equity fundraising in two tranches. The size of the fundraising effort is significant compared to the company’s modest market value

Soft retail sales figures for August, along with a further decline in job vacancies in the three months leading up to the end of August, mean that the Reserve Bank will not raise interest rates at its October meeting. This is despite the enthusiastic claims made by some economists and business writers following the recent

Solomon Lew’s Premier Investments has maintained its dividends for the 2022-23 financial year at the high level established a year ago, despite reporting slowing growth in revenue and earnings from its key retail businesses. The company announced on Thursday that the 2023-24 financial year had started weakly, with sales down in the first month and

Shares in Brickworks (ASX:BKW) fell yesterday after the company revealed a decline in earnings for the year ending July 31. The shares were down approximately 9% during mid-session trading. Total revenue for the 2022-23 fiscal year increased by 8% to $1.181 billion, driven by significant price increases in building products in the Australian and US

Shares in Washington H. Soul Pattinson (ASX:SOL, SoulPatts or WSHP) fell nearly 6% yesterday as investors hesitated over its full-year figures and those from its partially owned associate, Brickworks. Despite a fall in net profit for the year, the company increased final and full-year dividends (as did Brickworks despite weaker results from it as well).