January 2024

The Dow Jones industrial Average slipped Friday as traders parsed through the first batch of fourth-quarter earnings and digested the second in a pair of closely watched inflation reports this week. The 30-stock Dow lost 118.04 points, or 0.31 per cent, to close at 37,592.98. The S&P 500 ended the day 0.08 per cent higher […]

The first significant earnings report cards from the end of 2023 for four of America’s six biggest banks mirrored the economy itself—resilient in places, weak in others, and marked by a big red warning flag. JPMorgan, Bank of America, Wells Fargo, and troubled Citi, confirming 20,000 job cuts, revealed their December 2023 reports. The quartet

A lot of publicity this month surrounds China’s BYD topping Tesla in the global new energy vehicle stakes in the final quarter of 2023. However, what was not widely discussed is the intriguing success story of Elon Musk’s company in the world’s toughest car market. Thanks to the enormous size of the Chinese domestic market

Oil prices surged after the US and UK conducted airstrikes on Houthi rebel targets in Yemen in response to the group’s attacks on ships in the Red Sea. West Texas Intermediate oil rose by up to 1.9% to trade above $73 per barrel. These airstrikes marked an escalation in the conflict with the Iranian-backed Houthi

Syrah Resources (ASX:SYR) has provided an update on commissioning processes and start of Active Anode Material production at its 11.25ktpa AAM facility in Louisiana. Syrah expects AAM production at Vidalia to start by the end of January 2024. Commissioning processes are well advanced or complete across all parts of the facility, including the key milling,

Buried beneath the attention focused on the US Consumer Price Index release and Middle East events, a low-tier weekly figure highlights the enduring strength of the American job market, despite 11 rate hikes in 21 months. The data in question pertains to the weekly first-time claims for US unemployment benefits, which has evolved from an

Stocks moved lower Thursday, shrugging off a fresh round of inflation data that reflected an uptick in consumer prices for December. The Nasdaq Composite closed at the flat line, settling at 14,970.19. The Dow Jones Industrial Average eked out a gain of 15.29 points, or 0.04 per cent, to close at 37,711.02. The S&P 500

Microsoft briefly usurped Apple to become the world’s most valuable public company on Thursday. However, the iPhone maker recovered ground to end the session still just ahead. Apple’s share price dropped by just one percent, enabling Microsoft to narrowly pull ahead of Apple at a value of $US2.87 trillion. Apple narrowed the day’s loss to