Tesla shares slumped on Monday after online news services reported that the EV giant was about to cut its worldwide job numbers by 10%. With over 14,000 people employed worldwide, the cut would be a massive 14,000 or more. The company has also frozen all new hires, which helped send the shares down more than […]
Tesla faces layoffs and share slump Read More »
The accuracy of the various surveys of US consumer sentiment, which showed weak levels of confidence, has been cast into considerable doubt by an even stronger retail sales report for March than expected. Not only did retail sales rise by a very strong 0.7% last month, but the already very solid 0.6% rise in February
The state of US consumer sentiment and retail sales Read More »
At the close on Monday, the near 4% fall in the price of Star Entertainment Group (ASX:SGR) shares ended up being a positive outcome on a day when yet more incredible and highly damaging news emerged from the second NSW Government inquiry into the casino. The inquiry resumes in Sydney on Tuesday morning with witnesses
The unraveling of Star Entertainment Group Read More »
Iron ore prices continued rising on Monday despite another (small) rise in portside stocks at China’s top 45 ports last week. The SGC trading platform saw the price of 62% Fe fines settle at $US112.35 a tonne, up 1.2% on the day from Friday and the highest for five weeks. Mysteel said stocks rose by
Iron ore prices continue to rise in spite of increased portside stocks Read More »
Stocks erased early gains to finish well in the red after much stronger than expected retail sales cast further uncertainty around the likelihood and timing of rate cuts. Continued concerns around possible Israeli retaliation for Iran’s weekend attack also weighed heavily on markets. Middle East diminished the prospect of interest rate cuts. The Dow Jones
Strong retail sales & rising yields spook investors Read More »
Investors delivered a big thumbs down to Gold Road Resources (ASX:GOR) after it confirmed ambitions to try to buy a mining company in Canada. The shares fell more than 7% on Monday after the company revealed its interest in acquiring a “potential interest in the Greenstone Gold Mines in Canada.” The mine is located in
Gold Road’s Canadian ambitions stir concerns Read More »
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) has announced that the North Carolina Department of Environmental Quality’s Division of Energy, Mineral, and Land Resources has issued an approved mining permit for the construction, operation, and reclamation of the proposed Carolina Lithium project in Gaston County, North Carolina. The Company has plans to develop Carolina Lithium as one of
Stocks of the Hour: Piedmont Lithium, Findi, Empire Energy Group Read More »
Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking to Hiremii. Hiremii, trading under the ASX code HMI, with a market capitalization around 6 million is a technology-driven, full-service recruitment company with two core business components: Hiremii Technology, a cloud-based platform, which uses machine learning and artificial intelligence to automate
Revolutionizing recruitment: The AI-powered future with Hiremii CEO Andrew Hornby Read More »
Interest rate sensitive Technology & IT stocks were the key drag on the local market as we approach midday. The IT sector was trading down close to 2 per cent. Geopolitical tensions in the Middle East over the weekend also saw oil prices trade up which helped the oil sector trade up. At 11:30am, the
Geopolitical & inflation concerns drag local markets lower Read More »
Industrial parts supplier Coventry Group (ASX:CYG) is set to request $25 million from shareholders to finance a $42.1 million acquisition across the Tasman. The company unveiled the deal on Monday, outlining its intention to acquire New Zealand-based metal fasteners manufacturer, Steelmasters. Coventry’s shares were temporarily halted on Monday to facilitate the placement, with trading resuming
Coventry Group seeks $25 million from shareholders Read More »
