February 2024

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

The National Australia Bank (ASX:NAB) has selected Andrew Irvine to succeed the current CEO, Ross McEwan. The bank announced on Wednesday morning that Andrew Irvine will assume the role of Group Chief Executive Officer and Managing Director, starting from April 2nd this year. Mr. Irvine has been serving as the NAB’s Group Executive in charge

The Dow Jones Industrial Average climbed on Tuesday as Wall Street assessed the latest batch of corporate earnings and the timeline for rates cuts from the Federal Reserve. The S&P 500 closed up 0.23% at 4,954.23, while the Nasdaq Composite  finished up 0.07% to close at 15,609.00. The Dow Jones Industrial Average jumped 141.24 points, or 0.37%,

The December quarter retail sales data from the Australian Bureau of Statistics, released on Tuesday, sheds light on why investors warmly received the results and updates from Myer and Nick Scali, the Sydney-based furniture chain. Myer’s share price surged by 16% as comparable store sales held up against last year’s record performance, with a 0.1%

The Australian sharemarket declined as the Reserve Bank of Australia (RBA) left the cash rate unchanged and hinted at potential interest rate hikes due to high inflation, leading to a decrease in bond futures’ expectations for rate cuts. The S&P/ASX 200 index fell 0.6%, primarily driven by losses in mining and technology stocks, while the

Toyota Motor Co has joined its fossil fuel peers – Shell, Exxon Mobil, and Chevron – in demonstrating the lucrative opportunities still available in the oil industry. Exxon Mobil, Chevron, and Shell showcased their resilience in the oil and gas sector, proving their ability to handle substantial impairments and losses on unwanted assets while maintaining

The Reserve Bank left its cash rate unchanged at 4.35% after its first meeting of the year on Tuesday. Nevertheless, it hinted at the possibility of rate hikes to control inflation, although it also suggested that further rate increases might not be necessary, depending on inflation and economic indicators. The bank emphasized that its decisions

Paul Sanger: I am Paul Sanger for the Finance News Network, and today, I am talking to Altech Batteries, ASX code ATC, and they have a market cap of around 87 million. Altech batteries is commercializing a 120 megawatt solid state sodium chloride battery production facility, produce one megawatt of grid packs for the European grid

De Grey Mining (ASX:DEG) has entered into an exclusive option deal with Kalamazoo Resources to potentially acquire the Ashburton gold project in WA’s Pilbara. If the deal goes through, De Grey will need to pay a total of $30 million to gain control of the Ashburton prospect, which has a history of gold production. The