October 15, 2023

Stocks fell Friday, pressured by a spike in oil prices and rising inflation expectations, as Wall Street wraps up a volatile week. The S&P 500 declined by 0.50 per cent, ending at 4,327.78. The tech-heavy Nasdaq Composite lost 1.23 per cent, landing at 13,407.23. The Dow Jones Industrial Average was the outlier, rising by 0.12

African gold miner, Resolute Mining (ASX:RSG), used the opportunity presented by a bullish three-year update released on Friday evening to downplay a reduction in guidance for its 2023 financial year, ending December 31. Due to issues detailed in the statement, the company has been implementing cost-cutting measures across its two mining operations to maintain a

BluGlass Limited (ASX:BLG) CEO Jim Haden discusses the company’s being named a hub member of the US Department of Defense’s Microelectronics Commons. Paul Sanger: We’re talking today with BluGlass (ASX:BLG), and they have a market cap of around $80m. The company has been developing leading-edge semiconductor manufacturing technology and devices for more than a decade.

CEO Jim Haden presents at the 2023 BluGlass AGM. I’m Jim Haden, the CEO of BluGlass Limited. It’s a pleasure to be here in Sydney for this year’s Annual General Meeting, and I look forward to speaking with shareholders today. This morning, I’ll provide an overview of what’s driving our growing addressable market, before taking

Newcrest’s (ASX:NCM) time as an independent company is dwindling, with just a few weeks left following an overwhelming shareholder vote in favor of the $A26.2 billion merger with US gold mining giant Newmont. The final vote tally at Friday’s meeting in Melbourne showed that 84% of Newcrest shareholders, representing 92.6% of the register, supported the

In the week ahead, investors have a lot to digest. There’s ongoing conflict in the Middle East, Australian job data, remarks from the new Reserve Bank chief, a speech by Fed Chair Jay Powell, and US retail sales figures. Additionally, there’s the aftermath of the Voice referendum loss in Australia, the NZ elections and a

Once again, China’s imports of key commodities tell us a lot about the health of demand and economic activity – not very healthy, but not dead. It was, in fact, another mixed month that matched the weak inflation figures, showing another contraction in producer prices and no movement in consumer price inflation in September. Trade

Barrick Gold has received clearance to revive its Pogera gold mine in Papua New Guinea, which had been closed for three years due to a dispute with the country’s government over benefit-sharing. Pogera, located in the central province of Enga, was placed in care and maintenance in April 2020, coinciding with the onset of the