October 25, 2023

On Wednesday, gold and oil prices surged as reports emerged of Israel’s preparations for a potential invasion of Gaza. The surge followed a televised speech by Israeli Prime Minister Netanyahu, in which he announced the country’s army’s readiness to enter Gaza, although no specific timetable or details were provided. US Treasury yields also rose, with […]

Nasdaq slid into correction territory, leaving Wall Street in uncertainty. Meta Platforms may have initially reported stronger-than-expected quarterly results on Wednesday, but by the end of the extended trading session, a 4% gain had dwindled to just 2.6%. Despite its robust quarterly performance catching the attention of traders and analysts, the after-hours bounce couldn’t compensate

The S&P 500 closed below a key level on Wednesday. The benchmark index fell 1.4 per cent, ending the day below the 4,200 level that was being widely watched by chart analysts. It was the first time the S&P 500 closed below this threshold since May. Stock losses accelerated during the session after the benchmark broke

Whitehaven Coal (ASX:WHC) is holding its annual meeting in Sydney today, with the focus on its multi-billion-dollar deal to purchase two aging Queensland coking coal mines from BHP and Mitsubishi. Shareholders are expected to question the board about the US$4.1 billion deal, which has faced opposition from London-based activist shareholder Bell Rock Capital. Before the

Twelve days ago, Tabcorp (ASX:TAH) surprised the market with a gloomy first-quarter update—gamblers were gambling less, especially in its core wagering business. This was doubly bad news for the shrunken gaming group, shorn of its lotteries business, ahead of its Spring racing carnivals in Sydney and Melbourne that usually generate significant revenue. On Wednesday, unhappy

The ASX is proving fertile ground for Canadian-listed miners and explorers who believe they will be more appreciated by local investors than if they had remained listed solely on the Toronto Stock Exchange (TSX). TSX-to-ASX “migrants” cite poor liquidity on the Canadian bourse, coupled with subdued investor interest in junior resource plays. But for advanced

Australian shares closed flat on Wednesday, ignoring a strong performance on Wall Street. The lackluster performance was attributed to a higher-than-expected inflation rate in the September quarter. Australian shares were initially up by around 0.4 percent, following a positive lead from US indices, driven by strong quarterly results from companies like Microsoft, Coca-Cola, and GE.

Restaurant Brands New Zealand (ASX:RBD) is looking to boost annual sales to the $NZ1.3 billion mark by the end of this year after revealing a solid but unspectacular performance in the third quarter. Sales in Australia and New Zealand remained strong in the quarter but weakened noticeably in California. RBD operates the New Zealand outlets