November 2, 2023

Will the figures whack or boost the bond market rally that erupted in the wake of what was a not unexpected outcome of the second-to-last Fed meeting of the year on Wednesday afternoon? Yields on key US Treasury bonds are now back to levels not seen for a month, as the worries, fears, and dramas […]

Apple’s revenue fell for the fourth consecutive quarter in the three months ending in September, failing to reassure investors about the stability of the so-called Magnificent Seven as dependable market growth supports. The other tech giants—Alphabet, Amazon, Microsoft, and Meta—reported reasonable figures but struggled to convince investors of their quality. Nvidia is yet to report,

Paul Sanger: I’m Paul Sanger for the Finance News Network, and today we’re talking with Vital Metals (ASX:VML) and they have a market cap of around 53 million. Vital Metals is Canada’s first rare earths mining company, following commencement of mining at its Nechalacho Rare Earth Project in Canada in June 2021. It holds a portfolio

Stocks gained Thursday as Treasury yields fell, with investors betting the Federal Reserve could be done raising rates for 2023. Bond yields declined, with the 10-year Treasury yield dropping by about 12 basis points at 4.674 per cent. That comes after the benchmark yield topped 5 per cent last month. The Dow Jones Industrial Average

The ASX’s rate-sensitive sectors saw gains on Thursday as the US Federal Reserve kept interest rates unchanged, leading traders to speculate that US rates had reached their peak. Despite Fed Chairman Jerome Powell’s hawkish comments about potential rate hikes, US equity markets rallied, and bond yields eased after the Fed’s decision, with analysts suggesting that

The $20 billion takeover of Origin Energy (ASX:ORG) now hangs in the balance after AustralianSuper, the company’s biggest shareholder, rejected a higher takeover price on Thursday. The rejection came only several hours after Brookfield of Canada and EIG of the US revealed a 69-cent increase, or a $1.2 billion lift in the value of the

Weaker results from its non-core operations in property and aluminum outweighed a record six-month contribution from its building products businesses for CSR (ASX:CSR) in the six months ending September 30. As a result, the company trimmed its interim dividend to 15 cents a share from the previous 16.5 cents for the half-year. CSR reported that

Australian lithium companies and investors face grim tidings as Albemarle, the world’s largest lithium group and a major presence in Australia’s lithium industry, reports a sharp earnings slump in the third quarter of 2022. This weak quarterly performance prompts the company to downgrade its outlook for 2023. In just three months, Albemarle has shifted from