February 7, 2024

The S&P 500 rose Wednesday and edged closer to the 5,000 level, notching a closing high as investors parsed through another slate of quarterly results that signalled a flourishing economy. The broad-based index, which first breached the 4,000 level in April 2021, added 0.82 per cent to finish at 4,995.06. At session highs, the S&P […]

The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday, as Woodside announced that its much-discussed $A70 billion hookup with Santos was no longer happening. In fact, the Woodside statement made it clear that the Santos link-up was not ideal. Woodside emphasized in its concise statement that it saw

For thousands of Amcor (ASX:AMC) employees, the company’s exposure to world economic activity took a harsh turn in the six months leading to December, as confirmed by Wednesday’s quarterly and interim results. The company disclosed that it had axed 2,000 jobs and is progressing towards closing up to 10 plants globally in a cost-cutting effort

On Wednesday, Australian shares rebounded, with the S&P/ASX 200 closing 0.5% higher at 7615 and the All Ordinaries also rising by the same percentage. The Australian dollar strengthened to 65.3¢, building on gains from the Reserve Bank of Australia’s decision to maintain rates at its first meeting of the year. The regional market rally was

Companies discussed include: Megaport (ASX:MP1)Pinnacle Investment Management Group (ASX:PNI)Origin Energy (ASX:ORG)GQG Partners (ASX:GQG)

The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else. Santos shares closed down 5.8% (after being off more than 8% at one stage). They had risen 0.9% before the news to $7.94. Woodside shares were up nearly half a percent, despite rising 2% after the 11:45

To register for Friday’s webinar click here. Sunshine Metals (ASX:SHN) has increased the Resource at its 100% owned Liontown deposit, part of the Ravenswood Consolidated Project by 21%. The Resource contains a 10% increase in contained gold and 60% increase in contained copper, further supporting Sunshine’s recent Au-Cu focus. Shares are trading 30 per cent

Australian shares, particularly miners, are rebounding today, with the S&P/ASX 200 is 0.63 per cent higher at 7,629.60, retracing losses from the past two days. Notable gains are seen in Fortescue, BHP, and Rio Tinto, alongside gold miners, while lithium miners like Core Lithium and Pilbara Minerals also show strong performance, with Cettire standing out

A day after losing 7.5% of its market value, Piedmont Lithium (ASX:PLL) announced a 27% reduction in its workforce as it grapples with the challenges in the lithium industry. The shares closed at 18.5 cents on Tuesday, resulting in a market value of approximately $370 million. The shares have declined by over 55% in the

Despite the gloom in retailing, catering to aspirational and wannabe consumer groups is still paying off handsomely for Melbourne-based luxury goods website Cettire (ASX:CTT), which reported its best half-year performance ever. In fact, there was no sign of any impact on Cettire’s business from the ‘income recession’ that gripped the economy for much of 2023