April 2024

Elders (ASX:ELD), Australia’s foremost rural services group, encountered a significant blow on Monday as its shares plummeted nearly a quarter following a trading update. The update revealed an earnings downgrade of between 20% and 30% for the fiscal year ending on September 30. The announcement, just six weeks away from the release of the company’s […]

The ASX is advancing in the initial session of the week, primarily driven by the strength of technology stocks, following Friday’s tech-driven surge on Wall Street. This rally in New York was ignited by a surprising jobs report revealing that the US economy added 303,000 jobs in March, surpassing expectations, with the unemployment rate dropping

Advanced gold explorer, Alice Queen (ASX:AQX) has announced that its largest shareholder, Gage Resource Development Pty Ltd, has agreed to invest a further $3.6 million to assist in the rapid advancement of the Company’s gold exploration activities. The pricing of the proposed transaction represents a 60% premium to the AQX 30-day VWAP. Shares are trading

Medical products and protective wear group, Ansell (ASX:ANN), made headlines on Monday as it announced the suspension of its shares pending the disclosure of its proposed acquisition of the personal protective equipment (PPE) business of US paper products giant, Kimberly-Clark. The acquisition is valued at $US640 million (approximately $A975 million). Ansell revealed its financing plan

Silver Lake Resources (ASX:SLR), a prominent player in the gold and copper mining sector, has announced a rise in gold and copper sales for the March quarter. However, investors will have to wait until late April to access comprehensive data on production, costs, and prices. In a routine update, the company disclosed that gold sales

Are US investors confused, or so besotted with the idea of falling interest rates that they ignored the strongest single month’s jobs figures for a year, and ended four losing sessions to charge higher on Friday? That question comes to mind after the positive reaction to what was a strong jobs report for March—one so

US stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields. The Dow rose 307.06 points, or 0.8 per cent, to close at 38,904.04. The S&P 500 gained 1.11 per cent to end the day at 5,204.34. The Nasdaq was the best performing index rising 1.24

Goodbye, Tesla, and Elon Musk’s pioneering work on making EVs mainstream. According to a lengthy Reuters report, the company has dropped its plans to make a smaller and cheaper EV and will instead concentrate on the increasingly discredited idea of a ‘robotaxi.’ That was a development Musk hurriedly confirmed in a post on his X

Inflation in the US and China will dominate headlines this week, alongside the European Central Bank meeting, discussing Europe’s lower-than-expected inflation. Additionally, the US March quarter reporting season commences late in the week, with Delta Airlines on Thursday and JPMorgan Chase, Citi, and Wells Fargo leading the reporting companies on Friday. Overseas, results from Tesco

Gold reached a fresh record on Friday, despite the ascent of the US dollar and US treasury yields, buoyed by the American economy adding far more new jobs than expected last month. Middle East tensions over Gaza and Iran’s retaliation vow following an attack on its embassy in Syria further fueled gold’s rise. Comex gold