April 2024

BHP’s (ASX:BHP) decline weighs on shares, while traders anticipate no interest rate cuts in 2024 due to Australian inflation surpassing expectations, causing Australian bond yields to rise significantly and prompting a notable decrease in the S&P/ASX 200 index, particularly impacting interest rate-sensitive sectors such as real estate, financials, and technology. At 11:30am, the S&P/ASX 200 […]

Brazilian iron ore and base metal giant Vale saw net earnings slip 9% in the three months to March 31. The company reported net income attributable to shareholders of $US1.67 billion for the quarter, down from $US1.83 billion in the same quarter of 2023. That was on a small rise in revenue for the period

Tamboran Resources (ASX:TBN) has announced that the Shenandoah South 1H (SS-1H) well in EP 117 achieved an average 90-day initial production flow rate of 2.9 million cubic feet per day. The flow test at the well indicates that future development wells with lateral lengths of 10,000 feet may be capable of delivering average rates of

It’s no wonder Gold Road Resources (ASX:GOR) bailed on a move to buy an interest in the Canadian gold miner Greenstone. Gold Resources pulled the plug late Tuesday on the deal. On Wednesday, Equinox Gold announced it is buying partner Orion Mine Finance’s 40% stake in their new Greenstone gold mine in Ontario for $US995

Boeing lost hundreds of millions of dollars and used up $US3.9 billion in cash in the March quarter. Revenue fell nearly 8% from a year ago as the company continues to struggle to overcome ongoing problems in its core business – commercial aircraft. The company revealed revenue fell 7.5%, to $US16.57 billion, on Wednesday. Hours

Shares in BHP (ASX:BHP) will come under pressure on the ASX on Friday after it confirmed it had made an unsolicited all-paper takeover offer for Anglo American, with a value of around $60 billion. BHP shares closed at $45.23 (down 10% year-to-date) on Wednesday before Anzac Day, for a market value of $A229 billion. Shares

The Mag Seven megatech story took a hit as a weak revenue forecast from Meta Platforms caused shares to plunge 16% in after-hours trading on Wednesday, dragging other shares down with them. Shares closed down more than 10% in regular trading on Thursday, further impacting the rest of the market, although weak US GDP data

In the wake of the weaker-than-expected first estimate of US economic growth, it seems US interest rates aren’t going lower for a while longer—perhaps past November’s elections—unless there is a sudden slump in activity between now and then. US GDP rose at an annual 1.6%, slower than the forecasted 2.5% estimate and less than half

Alphabet (Google) has transitioned into the sphere of mundane industrials, aligning itself with the likes of Apple and Meta by initiating dividend payments. This significant move follows the company’s revelation in its March quarterly report, showcasing a notable 15% surge in revenue to $US80.5 billion, coupled with an increase in earnings across its primary business

US stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected. The Dow Jones fell 0.98 per cent. The S&P 500 closed down 0.46 per cent and the Nasdaq finished 0.64 per cent lower. Markets were