February 5, 2024

Fed Chair Jay Powell effectively conveyed his message during his 60 Minutes interview on Sunday night, as reflected in the subsequent market movements. In response to Powell’s remarks, the US dollar and bond yields experienced an increase, while gold and share prices declined, leaving enthusiasm tempered. Powell’s comments echoed what he had previously stated during […]

Stocks fell Monday as Treasury yields spiked higher on concerns that the Federal Reserve may not cut rates as much as expected. Lacklustre results from McDonald’s also dampened investor sentiment. The Dow Jones Industrial Average dropped 274.30 points, or 0.71%, to settle at 38,380.12. The S&P 500 slipped 0.32% to close at 4,942.81. The index

Rare earth prices, which experienced a sharp decline in 2023, are expected to make a strong comeback later this year, driven by growing demand from the electric vehicle (EV) and wind power industries, coupled with a potential reduction in production quotas by China, the leading producer of rare earths. Analysts predict a resurgence in rare

Shares declined broadly, particularly impacting miners and energy sectors, as investors took profits following a recent record high. This decrease occurred in anticipation of the Reserve Bank’s policy decision, with expectations that they will maintain the cash rate at 4.35% due to a slowing inflation rate. The market is closely watching the central bank’s statement

Chariot Corporation (ASX:CC9) Managing Director Shanthar Pathmanathan and Geological Consultant Dr Edward Max Baker discuss the significance of the company’s latest drill results. Peter Milios: North American lithium explorer Chariot Corporation (ASX:CC9) has released results today. These were the first round of results from the company’s previously announced drill program at the Black Mountain Project

Federal Reserve Chair Jay Powell has once again cautioned investors not to expect a rate cut from the central bank in March and emphasised the prudence the Fed will exercise in reducing the key federal Funds Rate over time. In a comprehensive interview with “60 Minutes” following last week’s Federal Open Market Committee meeting, Powell

In the first half of 2023, Silver Lake Resources (ASX:SLR) attempted to obstruct Genesis Minerals’ consolidation efforts in the Leonora region of WA goldfields by pursuing the acquisition of St Barbara’s gold mining assets. St Barbara initially declined, leading to Genesis ultimately succeeding, but only after a thorough overhaul due to St Barbara’s underperformance. Silver

It must have been ‘Bargain Monday’ at Metcash (ASX:MTS), with the country’s third-ranking listed retail group revealing a three-for-the-price-of-one deal. They announced three purchases in food and hardware, along with a $300 million placement to big shareholders. Metcash stated that it would acquire the private food services provider, Superior Food Group, for a total enterprise

Australian rare earth miner Lynas (ASX:LYC) has confirmed media reports that it has had confidential discussions with US-based rival MP Materials Corp regarding a potential transaction. Lynas confirmed the discussions in an early morning statement to the ASX on Monday but said the discussions are not ongoing. Lynas has a market capitalization of about $US3.55

Despite an 8.5% slide in net profit, Argo Investments (ASX:ARG) is holding its interim dividend at 16.5 cents a share. The Adelaide-based listed investment company (LIC) informed the ASX on Monday that the lower result stemmed from a decline in distributions from some of its major investments. It revealed it had sold out of its