The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street’s IPO market and a decent batch of economic data. The Dow was up for the first day in three, climbing 331.58 points, or 0.96 per cent to 34,907.11. The 30-stock index closed above its 50-day […]
Investors rally behind Wall Street’s latest IPO Read More »
Paul Sanger sits down with Matt Macfarlane from icetana: Discussing a new hardware deal, AI-capable hardware, and plans of expansion in the future.
icetana locks in a new client, with talks of expanding using emerging AI capabilities Read More »
Paul Sanger: Today, we’re talking to iCetana, ASX code ICE, with a market cap of around 10 million. Matt, welcome back to the network. Matthew Macfarlane: Great to be here, Paul. Thanks for having me. Paul Sanger: Matt, we only caught up with you a few weeks ago. We were talking about a new contract
icetana locks in a new client, with talks of expanding using emerging AI capabilities Read More »
On Thursday, the ASX saw a significant increase in its performance, driven by strong rallies in companies involved in iron ore, coal, and uranium production. These gains in the commodity sectors were so substantial that they overshadowed the unexpected rebound in job market data. Overall, at the closing bell, the S&P/ASX 200 was 0.46% higher
ASX closes 0.46% higher as commodities thrive Read More »
For the third time this year, the strength of the labour market has made fools of economists, analysts, and business media who mistakenly saw a fall in employment in one month and claimed the job market was ‘cooling.’ It happened at the start of the year and then in April, as a combination of people
Shocking growth in the Australian job market after a dismal few months Read More »
Has the RBA finished rate hikes? Key pointsIt’s likely that the RBA’s cash rate has peaked with numerous indicators pointing to slower economic growth and inflationary pressures easing.While the risk in the short term is still on the upside for rates or a delay to the start of rate cuts, our base case is that
Outlook for interest rates in Australia and how it effects our economic growth Read More »
At noon, the S&P/ASX 200 is 0.32 per cent higher at 7,176.70 as unemployment numbers in August held steady at 3.7%, matching analysts’ forecasts. Sector wise the Financials, materials and energy sectors are the main outperformers, though gains broaden to include communications, property, and utilities. In other news J. P. Morgan upgraded Rio Tinto and
ASX up 0.32% at noon lead by the banks and resources Read More »
14 Sep 2023 – A snapshot of the stocks on the move, featuring Argent Minerals (ASX:ARD), Flynn Gold (ASX: FG1) and American Rare Earths (ASX:ARR).
Stocks of the Hour: Argent Minerals, Flynn Gold, American Rare Earths Read More »
Yes, US consumer price inflation rose in August, thanks to higher petrol prices, and the production cut extensions of Saudi Arabia and Russia. So, the 0.7% rise was merely a temporary fluctuation. This increase pushed the annual rate to 3.7%, which was slightly higher than the forecasted 3.6% and up from 3% in June. According
US consumer prices jump in August Read More »
Canadian-based Brazilian lithium miner Sigma Lithium continues its ongoing sales process, which began in February. Initially linked to Tesla as a potential suitor, the rumors surrounding Elon Musk’s interest have since waned. During this period, various developments have unfolded, including a sales process supervised by Bank of America, a lawsuit involving a former Co-CEO regarding
Sigma Lithium navigates sales process amidst industry interest Read More »
