February 2024

To register for Friday’s webinar click here. Nyrada Inc (ASX:NYR), a drug discovery and development company specialising in novel small molecule therapeutics to treat neurological and cardiovascular diseases today announces positive results from its preclinical study evaluating the efficacy of its Brain Injury Program drug candidate NYR-BI03 in preventing secondary brain injury. The study showed […]

Australia’s Consumer Price Index grew by 3.4% in January, falling below analysts’ expectations of a 3.6% increase, holding steady from December’s level. The Reserve Bank of Australia’s decision to maintain the cash rate at 4.35% earlier in the month reflects efforts to address inflation, with upcoming attention focused on the RBA’s next cash rate decision

Paul Sanger: I’m Paul Sanger for the Finance News Network and today I’m talking with Kula Gold, ASX Code KGD and they have a market cap of around 4 million. Kula Gold is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in WA. We welcome to network for the

The S&P 500 and the Nasdaq Composite ended Tuesday’s session with modest gains as investors prepared for key inflation data to be released later this week. The S&P 500 inched up 0.17 per cent to 5,078.18. The Nasdaq added 0.37 per cent to end at 16,035.30. The Dow Jones Industrial Average fell 96.82 points, or

Amidst a significant uptrend in U.S. stock markets, some investors may question whether it’s becoming too much of a good thing. The S&P 500 has witnessed an extraordinary surge over the past few months, marking a more than 25% increase from its October lows. According to Deutsche Bank Macro Strategist Henry Allen, “The current rally

In 2022, America’s Federal Trade Commission (FTC) blocked the proposed $40 billion merger between Nvidia, the AI chip powerhouse, and ARM, the Japanese-owned UK-based chip infrastructure company. The merger was called off due to “significant regulatory challenges” after the FTC indicated it would oppose it because of fears the combined company could strangle innovation. The

Analysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in share price witnessed yesterday, following a remarkable 70% increase in value over the past year. This surge propelled the company’s valuation well beyond the $A18.4 billion mark, significantly enriching the

On Tuesday, the S&P/ASX 200 Index closed slightly higher by 0.1%, with consumer staples leading the gains due to Coles’ strong earnings report, which saw its shares rise by 5.5%. The tech sector also performed well, propelled by a 7% surge in WiseTech shares, while CSR saw a 5% increase following a takeover bid. Among

It was a form of financial housekeeping, a tidying up, or an outstanding financial report that showed a lot of red ink for Alumina (ASX:AWC), the company about to be swallowed by its major shareholder, Alcoa, in an all-paper deal worth $A3.3 billion. Alumina Limited reported a statutory net loss after tax of $US150 million

Similar to Santos last week, the profit decline reported by Woodside Energy (ASX:WDS) was anticipated after the company detailed its production and sales performance in January’s December and full-year report. Woodside stated that full-year underlying earnings fell 37% to $US3.32 billion, attributed to the impact of the Russian invasion of Ukraine on record earnings of