Albemarle, the world’s largest lithium producer, joined rivals in Australia and other countries in being heavily affected by the downturn in world prices for the key battery material. Australian rivals like Pilbara Minerals, Mineral Resources, and IGO have reported massive falls in revenue, earnings, or even operating losses—or worse, in the case of Core Lithium—suspension. […]
Albermarle gets hits by lithium price fall Read More »
Canadian miner Barrick Gold topped earnings estimates for the March quarter, bolstered by a rally in bullion prices during the period. Net earnings surged 146% to $US295 million from $US120 million a year ago. Revenue totaled $US2.74 billion for the quarter, up from $US2.64 billion in the first quarter of 2023. After an early rise,
Barrick Gold tops earnings estimates for the quarter Read More »
The US Federal Reserve sent a couple of signals to investors with its decision to leave rates steady at its latest meeting this week. The central bank and Chair, Jay Powell, ruled out – for the time being at least – a rate cut and a rate rise – which some excitable economists and analysts
US Fed rules out rate hikes Read More »
US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor concerns that the Fed was losing control of sticky inflation. It was a volatile day for the major averages, with the 30-stock Dow rallying more than 530
US markets mixed as Fed opts to hold rates steady Read More »
No easy gains are left across the Tasman for the newish conservative National Party-led government, with a sharp rise in unemployment, an unwanted pay rise offered, and a surprise opinion poll showing a swing back to the Labour Party, seven months after it lost office. The seasonally adjusted unemployment rate rose to 4.3% in the
Challenges mount for New Zealand’s National Party-led government Read More »
Restaurant Brands New Zealand (ASX:RBD) withstood a slowdown in Australia and a downturn in its small Californian operation to report a 7.9% boost in sales to NZ$333 million for the three months ended March. The company said the strong sales growth in the New Zealand and Hawaiian markets offset the slowdown in Australian sales and
Restaurant Brands New Zealand reports sales boost despite challenges Read More »
On Wednesday, the Australian sharemarket experienced a decline, with the benchmark S&P/ASX 200 Index dropping by 1.2 per cent, or 94.2 points, to 7569.9 points at the close. This decline was attributed to concerns sparked by strong US labour data, leading to fears of prolonged high interest rates by the Federal Reserve due to persistent
ASX drops 1.2% as US labour data came in hotter than expected Read More »
To register for Friday’s webinar click here. Adisyn Ltd (ASX:AI1) has announced it has signed a binding agreement with Zettagrid to dispose of it’s VMware cloud platform for a total consideration of up to $1.4 million in cash. Adisyn and Zettagrid to commence strategic partnership for the sale of new cloud services using the Zettagrid
Stocks of the Hour: Adisyn, Bastion Minerals, Anson Resources Read More »
At 11:40am, the S&P/ASX 200 is 1.14 per cent lower at 7,577.10. The SPI futures are pointing to a fall of 93 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is Consumer Staples, down 0.35 per cent. The worst-performing sector is Information Technology, down 2.14 per
ASX falls 1.14% as tech sector drops Read More »
