April 18, 2024

The Chinese-controlled Yancoal Australia (ASX:YAL) has weathered a near-halving in the price of its main product, thermal coal, in the three months to March and still augmented its substantial cash pile. Despite sharp falls in global coal prices in the quarter, the company still generated a significant amount of cash, boosting its cash balance at

Even after another surge in subscriber numbers, revenue, and earnings, Netflix shares fell 4% in after-hours trading as the streaming video giant all but thumbed its nose at Wall Street analysts and their followers. The reason? The company said it would be dropping its quarterly paid subscriber numbers from next year, though it would still

Tesla shares fell to their lowest level in more than a year on Thursday as shareholder unease grows about plans to try to reinstate Elon Musk’s multi-billion share deal, move the company’s domicile to Texas, and abandon a cheap EV (Tesla 2) for the questionable robotaxi idea. The shares ended down more than 3% at

US jobless numbers held steady overnight, adding yet another data point that suggests the US economy is firing on all cylinders. Investors remain concerned that the Fed’s rate-cutting plans are looking far more challenging. Markets reacted accordingly. The S&P 500 closed down 0.22 per cent, the Nasdaq dropped 0.52 per cent and the Dow Jones

Shares rebounded on Thursday, breaking a seven-day streak of losses, following Australia’s jobless rate rising to 3.8% in March, aligning with market expectations. The S&P/ASX 200 rose by 0.5%, led by a nearly 6% surge in the iron ore price, lifting mining stocks such as Rio Tinto by 1.7%. The materials sector gained 1%, while

BHP (ASX:BHP) is confident it is heading for a solid production and sales performance for most of its portfolio by June. The company said on Thursday it remains on track to meet copper, iron ore, and energy coal production for the year. However, coking (metallurgical) coal guidance has been trimmed after the death of a

Paul Sanger: I’m Paul Sanger for the Finance News Network, and today we’re talking with Anax Metals. Anax Metals, trading under the ASX code ANX with a market capitalization of approximately 15 million, is an exploration and development company with a vision to deliver outstanding shareholder return through innovation in exploration and resource development. Headquartered

Nimy Resources (ASX:NIM) advises that drilling at Block 3 within its Mons project in WA has returned intersections of elevated copper, gold, silver mineralisation in massive sulphides plus high-grade gallium and rare earth oxide mineralisation. A gradient array-induced polarisation survey is planned over the Block 3 Prospect targeting copper, gold, and silver hosted by sulphide

Australian employment decreased by 7000 in March, resulting in a rise in unemployment to 3.8% from February’s 3.7%, contrary to analysts’ expectations of a 10,000 increase and a stable unemployment rate at 3.9%. This shift in the labor market, significant for the Reserve Bank of Australia’s inflation management efforts, may impact its decision on potential