April 2024

Less than a week after revealing a near $US4 billion cash burn in the first three months of this year, embattled plane maker Boeing is raising $US10 billion in new debt. Market reports in the US say the company, in confirming the fundraising, acknowledged the credit rating cut by Moody’s last week (and now S&P […]

US markets continued to rise underpinned by strong earnings numbers. Results from the reporting season so far have seen over 80 per cent of US companies beating expectations. First-quarter earnings are now on track to increase by 4.7 per cent from a year ago. The S&P 500 rose 0.32 per cent, the Nasdaq Composite added

Australia’s stock market rebounded on Monday, recovering from a previous decline, amid uncertainty surrounding interest rates in both Australia and the US. This recovery, reflected in the S&P/ASX 200 index gaining 61.5 points, or 0.8%, to close at 7611.4 points, followed a sell-off triggered by concerns about rate cuts by the US Federal Reserve following

The uptake of medicinal cannabis products in Australia continues to boom, but most providers of the herbaceous material are not reaping the benefits because of oversupply, commoditised pricing and investor indifference. According to the Therapeutic Goods Administration (TGA), 633,307 patients were issued with medicinal cannabis prescriptions in 2023 via authorised doctors (the Authorised Prescriber Scheme).

Lanthanein Resources (ASX:LNR) has announced that new gold, copper and nickel soil anomalies have been identified in the recently completed soil sampling programme at Lady Grey Project in WA. The Company now looks to accelerate their work programmes and approvals processes to be drilling these targets by mid-year. Shares are trading 20 per cent higher

The Australian sharemarket surged at the opening bell, buoyed by a robust performance on Wall Street, with the S&P/ASX 200 rising 0.7% to 7632 within the first 10 minutes of trading, partially offsetting Friday’s 1.4% decline. The rally was attributed to Wall Street’s strong performance driven by impressive earnings from tech giants like Microsoft and

Embattled casino owner Star Entertainment (ASX:SGR) has again shuffled the deck chairs at the very top of the company, with under-fire executive chair David Foster exiting the position on Monday and existing director Anne Ward being named to replace him. Star said Foster will remain on the board as an interim measure. This is the

TPG Telecom (ASX:TPG) will pay Optus about $1.17 billion to use its rival’s mobile infrastructure in regional Australia, turning to the Singapore Telecommunications-owned company after regulators blocked an earlier deal with Telstra. Under the latest deal, TPG will increase its mobile network in regional Australia to 2,444 network sites, with Optus providing TPG Telecom access

Last week, JPMorgan Chase CEO Jamie Dimon said the American economy was booming, and consumer spending continued to be resilient. He told the Economic Club of New York that the economic boom is “unbelievable”. “Even if we go into recession, the consumer’s still in good shape,” he said. Still, he reiterated caution about the potential

US markets pushed higher led by the big tech names as earnings numbers continued to surprise on the upside. The S&P500 closed up 1.02 per cent and the tech heavy Nasdaq led the charge finishing 2.03 per cent higher at the close. The Dow Jones closed 0.4 per cent higher. The S&P and Nasdaq delivered