January 21, 2024

In a significant move towards bolstering the United States’ electric vehicle (EV) infrastructure and fostering clean energy employment, the Biden-Harris Administration has unveiled a funding injection of US$46.5 million (AUD$70.6 million) to support 30 projects across 16 states and Washington, D.C. These projects are designed to enhance the performance, resilience, and reliability of EV charging […]

In 2023, China provided a substantial $A8 to 10 billion plus a bonus to the Australian trade account, benefiting companies like Whitehaven Coal, BHP, Glencore, Yancoal, and other thermal coal miners and exporters from New South Wales (NSW) and Queensland. This surge in Chinese imports of Australian coal followed the removal of a two-year ban

Oil prices dipped slightly on Friday, despite recording a notable weekly gain due to heightened tensions in the Middle East and a bullish update from the International Energy Agency (IEA). The West Texas Intermediate contract for February dropped by 67 US cents, or 0.9%, settling at $US73.41 per barrel. In comparison, March Brent oil lost

Wall Street has finally shaken free of the year-start blues to pick up again on the year-end Fed pivot surge, although not with the same conviction as support for tech stocks, especially those in AI, which helped boost expectations last week. Wall Street had another strong week as investors returned in force after the month’s

The ASX 200 is set to seek a modest 26-point gain this morning following a strong finish for the SPI futures (early Saturday, Australian time). On Friday, the ASX 200 recorded a robust 74.7-point, or 1%, gain, closing the week at 7421.2. However, it still experienced a 1% loss for the week. In New York,

This week in the US, important economic indicators will be released, including December inflation readings and GDP estimates, while Tesla and Netflix earnings reports are expected to take center stage. Additionally, several other companies in the S&P 500 will report their earnings. On Thursday, early manufacturing activity data for the US and other economies, including

The S&P 500 closed at an all-time high on Friday as investors returned to buying equities in force following a short-lived market stumble to start the new year. The broad market index rose 1.23 per cent to settle at 4,839.81, surpassing both the prior record intraday and closing highs from January 2022. Meanwhile, the Dow