February 2024

Dateline Resources (ASX:DTR) has announced it has received assay results for diamond drillhole, CM23-14, drilled at the Colosseum Gold Project in California, USA. The consistency of assay results for the drill hole suggests stability in the geologic structure. Shares are trading 54.55 per cent higher at 1.7 cents. Blue Energy (ASX:BLU) and AGL (ASX:AGL) have […]

The Westpac Melbourne Institute Consumer Sentiment Index increased by 6.2% to reach 86 in February, marking its highest level since June 2022, signaling a shift towards optimism among Australian consumers amidst moderating inflation, evolving interest rate expectations, and anticipated income tax reductions later in the year, as indicated by Matthew Hassan, a senior economist at

Glencore has announced intentions to sell its 49% stake in the Koniambo Nickel SAS (KNS) venture, a venture wrought with losses due to plummeting nickel prices exacerbated by the unchecked nickel production in Indonesia. Glencore, the Swiss miner and commodity trader, divulged plans on Monday to divest from the struggling KNS operation in New Caledonia,

Alkane Resources (ASX:ALK) has made waves with its latest discovery of high-grade gold and copper deposits at the Northern Molong porphyry project in Central NSW. This unexpected revelation challenges industry norms, uncovering a significant high-grade mineralization zone near the surface, contrary to the prevalent deep, low-grade deposits typically found in the region. The breakthrough results

Biotech companies in the United States are witnessing a surge in fundraising activities, marking the fastest pace since the peak of the mid-pandemic market boom. According to data from Jefferies, drug developers amassed a staggering $6.2 billion in equity capital markets in January, representing the largest total since February 2021, coinciding with the zenith of

Shareholders in Seven West Media (ASX:SWM), the proprietors of the Seven TV Network, have languished without dividends for over six years, underscoring the dismal performance of the company under the stewardship of Kerry Stokes. As the December 2023 interim report failed to yield any dividend, the majority of shareholders face the prospect of enduring a

The Dow Jones Industrial Average rose to a new high on Monday as investors awaited fresh inflation and earnings data. The 30-stock index advanced 125.69 points, or 0.32 per cent, to settle at 38,797.38. The S&P 500 inched lower by 0.09 per cent to end at 5,021.84, while the Nasdaq Composite slid 0.3 per cent

In a dramatic turn of events, Fletcher Building (ASX:FBU), a prominent trans-Tasman building products giant, had its shares suspended abruptly yesterday. The suspension followed a rapid decline of nearly 6% in just 8 minutes, followed by further unsettling news revealed by the company’s lawyers 42 minutes later in a letter to exchanges. At 1:45 pm,

On Monday, the ASX experienced a decline primarily driven by a few large-cap stocks, notably CSL and Woodside, amidst traders’ contemplation of the market’s future amid an impending week of crucial company earnings reports. Despite a positive performance on Wall Street the previous Friday, the S&P/ASX 200 closed lower by 0.4%, reaching 7611 points, while

Despite analysts claiming that JB Hi-Fi (ASX:JBH), the country’s leading consumer electronics retailer, surpassed expectations with its lower result, the near 20% slash to the interim dividend tells a very different story. Earnings fell to their lowest level since 2019, while the interim dividend was also slashed to 2020 levels. It’s one thing to do