Short sellers who had bet against megacap technology stocks emerged as winners in September as a selloff in the sector unfolded. According to data from S3 Partners LLC, short sellers raked in an impressive $US50 billion ($79.3 billion) in paper profits last month, marking it as the most lucrative month for contrarian traders this year. […]
September sell-off generates US$50 billion for short sellers Read More »
US electric vehicle sales are poised to hit a record-breaking 1.4 million units or more by December, following a remarkable surge in the first three quarters of 2023. During the first nine months of the year, EV sales saw a substantial 50.9% increase compared to the same period last year, driving the EV market share
US electric vehicle to soar past 1.4 million units Read More »
04 Oct 2023 – A snapshot of the stocks on the move, featuring Noxopharm (ASX:NOX), Redstone Resources (ASX:RDS) and Lake Resources (ASX:LKE).
Stocks of the Hour: Noxopharm, Redstone Resources, Lake Resources Read More »
New Zealand’s central bank is likely to maintain its current interest rates ahead of a general election, with all surveyed economists expecting no change at 5.5 percent. However, policymakers may emphasize the potential for future rate hikes to control inflation, signaling a continued cautious approach to monetary policy. The S&P/ASX 200 is currently trading 0.68
ASX down 0.68%: RBNZ likely to hold rates Read More »
Noxopharm (ASX:NOX) announces that the US FDA has granted Orphan Drug Designation (ODD) status to Noxopharm’s CRO-67 preclinical drug candidate, for the treatment of pancreatic cancer. Noxopharm CEO Dr Gisela Mautner said, “our pancreatic cancer program is a high priority, and we are committed to progressing its development as quickly as possible. Further studies are
Stocks of the Hour: Noxopharm, Redstone Resources, Lake Resources Read More »
04 Oct 2023 – Stocks tumbled on Tuesday as Treasury yields hit their highest levels since 2007, raising concern higher interest rates would freeze the housing market and tip the economy into a recession.
Stocks fall amid soaring Treasury Yields and recession concerns Read More »
Stocks tumbled on Tuesday as Treasury yields hit their highest levels since 2007, raising concern higher interest rates would freeze the housing market and tip the economy into a recession. The Dow Jones Industrial Average lost 430.97 points, or 1.29 per cent, for its worst day since March. The 30-stock index ended the day at
Stocks fall amid soaring Treasury Yields and recession concerns Read More »
On Tuesday, US 10-year bond yields surged to 4.80%, marking a new 16-year high. Investors, both large and small, were gripped by worry over rising interest rates, increasing inflation, and Federal Reserve actions, according to market reports. The 30-year Treasury yield also climbed to 4.932%, its highest level since 2007. Meanwhile, the 2-year T bond,
US 10-year bond yields reach 16-year high at 4.80% Read More »
Steady as Michelle Bullock took the reins as the new Governor at the Reserve Bank, judging by the statement from her first central bank monetary policy meeting on Tuesday. The RBA left the cash rate unchanged at 4.1% for the fourth consecutive month but also maintained the hawkish approach of her predecessor, warning that a
RBA’s Michelle Bullock steers steady course amidst economic uncertainty Read More »
The Australian sharemarket hit a six-month low on Tuesday, driven by a US Treasury sell-off influenced by the US Federal Reserve’s hawkish messaging, despite the Reserve Bank’s decision to maintain the cash rate at 4.1%. The benchmark S&P/ASX 200 index fell 1.3% to 6943.4, its lowest level since March 21, with most industry groups in
ASX closes 1.3% lower to hit a six-month low Read More »
