May 9, 2024

US markets rallied on Thursday following a rise in jobless claims that rekindled investor hopes that the Fed will cut rates in the second half of this year. The Dow rallied 0.85 per cent to make it the seventh positive close in a row for the 30 stock index. The S&P 500 finished 0.51 per […]

Meeka Metals (ASX:MEK) is aiming to be ready to push the button on it’s the development of its Murchison gold project in Western Australia by mid-year. Murchison has a resource of 1.24 million ounces at 3 grams per tonne gold, with over half in the measured and indicated categories. It comes after Meeka this week

As we approach the end of the week, what’s the score from central bank meetings this week? There was no move from Australia, and if anything, the Reserve Bank is more hawkish. However, that’s a stance because it is increasingly worried that the weakening in consumer demand will tank the wider economy. But Sweden this

Amid China’s unexpected 8% surge in imports, iron ore shipments into the country stood out with a stronger-than-expected outcome, while oil and coal imports were also solid. Iron ore is the commodity closest to Australia’s economic heart, and news that China’s appetite hasn’t slowed—despite a serious buildup of stocks at the country’s 45 major ports

China’s economy showed a few more signs of life in April, with imports jumping more than forecast and exports back in the black for the first time in three months. Chinese imports from the U.S., European Union, and Russia rose last month, despite a drop in exports to all three, data from China’s Customs Administration

Investor concerns over rising living costs and their potential impact on retail sales and bank lending drove accelerated selling in Australian shares, leading to a 1.1% decline in the S&P/ASX 200 to 7721.6 points. Meanwhile, Wall Street traded flat, with the S&P 500 showing no significant change, while the Australian dollar dipped 0.1% to $US65.7c

Shares in Brisbane-based Super Retail Group (ASX:SUL) were down 6% at one stage on Thursday after it joined the weak trading confession club that already contains rivals Bapcor, Baby Bunting, Woolworths, J B Hi-Fi, but not Temple and Webster or Coles. Unlike some of its peers (J B Hi-Fi, for example), Super Retail at least

Shareholders in Orica (ASX:ORI), the world’s biggest explosives group, will get a tiny lift in their interim dividends after the company boosted earnings off the back of lower costs. Orica reported a 10 percent increase in earnings due to lower input costs, beating analyst estimates, and will pay shareholders 19 cents a share – up

The Albanese government is set to defy global trends with the release of a comprehensive plan today, backing the continued extraction and use of gas beyond 2050. This move, in defiance of calls to phase out fossil fuels globally, signals a strategic shift in Labor’s approach to energy policy. Resources Minister Madeleine King is poised

To register for Friday’s webinar click here. Alliance Nickel (ASX:AXN) has announced that the Australian Federal Government has granted its 100% owned NiWest Nickel Cobalt Project Major Project Status (MPS). The MPS will provide Alliance with access to the Major Projects Facilitation Agency, providing additional resources to assist streamlining a range of regulatory approvals for