December 4, 2023

Stocks slipped on Monday as investors questioned whether the market was getting ahead of itself following five straight winning weeks. The Dow Jones Industrial Average shed 41.06 points, or 0.11 per cent, to close at 36,204.44. The S&P 500 dropped 0.54 per cent to 4,569.78. The Nasdaq Composite declined 0.84 per cent to 14,185.49 as […]

Today marks the judgment day for Origin Energy, as trading in the company’s shares is set to resume later on Tuesday. This comes after the well-anticipated defeat of the $20 billion bid for the company by Canada’s Brookfield and the US’s EIF. On Monday afternoon, the company’s shares were trading at $7.86 before trading was

Gold experienced a downward spiral on Monday, adhering to the age-old adage that what goes up must come down. The precious metal’s prices plummeted from record highs during Monday’s global session in Asia, driven by a stronger dollar and increased US treasury yields as the day progressed. Comex gold for February delivery witnessed a decline

Empire Energy Group (ASX:EEG) has announced its strategic acquisition of AGL Limited’s Rosalind Park Gas Plant (RPGP) for a total consideration of $2.5 million in cash. Empire Energy anticipates substantial cost savings exceeding $30 million through this acquisition when compared to the alternative of constructing new midstream infrastructure. Furthermore, this move is expected to reduce

The Australian sharemarket experienced a positive uptick on Monday with nine of its 11 sectors showing gains, driven by investor optimism amid expectations that global central banks have completed their monetary policy tightening.  At the closing bell, the S&P/ASX 200 was 0.73 per cent higher at 7,124.70. Futures The Dow Jones futures are pointing to

Gold soared past $2,100 in Asian dealings on Monday, setting a new high for the third consecutive day. On Friday, spot gold closed at $2,070.10, just $10 shy of the record high achieved in May. Comex’s continuous contract of gold futures, which merges the most active contract month into the next, broke the record high,

On the opening day of the Munich Motor Show (IAA) in Munich, Germany, Ecopro BM Co. announced a groundbreaking deal with Samsung SDI Co. that could reshape the electric vehicle (EV) market. This announcement comes as Europe’s automakers gather at the IAA Mobility car show, aiming to compete with Tesla Inc. and confront the growing

The $20 billion (enterprise value) bid for Australia’s Origin Energy (ASX:ORG) has been defeated, leaving the company to chart its own path once again. Shareholders failed to approve the deal, despite approximately 69% of the shares being cast in favor of the year-long attempt to buy the country’s largest power retailer from Brookfield of Canada

Worrying signs are emerging for Australian lithium miners and processors in the wake of China’s enormous electrified car market. Industry leader BYD has reported no growth in sales for battery-powered vehicles since October. Simultaneously, the company has recorded a second successive month of weak sales for plug-in hybrids, a popular form of electrified vehicles in

Recent regulations issued by the US Department of Energy are set to have significant implications for Australia’s lithium sector. These regulations, introduced as part of the Biden Administration’s Secure Supply Chain Initiative, redefine the landscape for foreign entities, particularly those with substantial Chinese ownership, seeking government subsidies in the United States. US Regulations and Foreign