May 14, 2024

Treasurer Jim Chalmers presented his third consecutive budget on Tuesday night, marking a significant milestone with a back-to-back surplus of $9.3 billion – a feat not seen in almost two decades. Amidst promises of nationwide cost of living measures, concerns linger over the potential inflationary impacts and the looming threat of interest rate rises. Here’s […]

Less than a day after rejecting BHP’s (ASX:BHP) second takeover offer, Anglo American says it is starting its so-called Plan B to revamp itself—and do several things that BHP wanted, such as getting rid of some assets. The London-based company revealed what it called “a clear, compelling, and decisive plan to unlock significant value from

Even though the Fed has made it clear there will be no rate rise until it is really convinced that inflation is falling sustainably, big global investors are ignoring that and are off in their own world of ‘Rate Cuts Loom.’ And that flying in the face of current reality, this belief in looming rate

So, the cash will be spent, the surplus run down, and deficits of more than $70 billion in 2024-25 and 225-26, but all this as consumers retreat into their shells. Households have cut spending even more than forecast last December in the Government’s mid-year budget update. The Reserve Bank admitted earlier this month in its

Anglo American shares initially fell but later rose to close higher on Tuesday after the embattled miner laid out its response to BHP’s (ASX:BHP) two spurned takeover offers. Anglo shares dipped more than 3%, valuing it at around $US35 billion, well under the mooted BHP second offer price of $US41 billion. However, they rebounded to

Big Tech led the move up as investors chose to look past a higher April PPI number and ahead to the CPI print due tomorrow US time. All three US benchmarks closed higher, extending gains in afternoon trade with Tesla and Nvidia pacing the magnificent seven tech stocks. The Nasdaq closed 0.75 per cent higher

China’s car market slowed in April, and had it not been for a reasonable performance by the still-growing new energy vehicle sector, total sales would have looked forlorn. However, while sales of new energy vehicles (NEVs) did fall in April, the sector’s share of total vehicle sales jumped to a record high, as sales of

Australian shares declined on Tuesday as investors awaited details from the federal budget and awaited key inflation data from the US. The S&P/ASX 200 closed down 0.3%, or 23.2 points, at 7726. This drop followed a subdued start on Wall Street, with attention turning to forthcoming US producer and consumer price data. Futures The Dow

Castillo Copper (ASX:CCZ) has announced plans are underway to fully develop the Big One deposit in the world-class Mt Isa Copper Belt. This comes after the reconciliation of highly prospective historical exploration findings, a recent revival of the copper market and bullish forecasts from leading investment banks. Shares are trading 20 per cent higher at

Australian shares opened slightly lower as investors awaited the federal budget and US inflation data, mirroring subdued Wall Street performance. Interest rate-sensitive sectors like tech and real estate declined by 0.5 per cent, with the budget projecting a $9.3 billion surplus for the current financial year but anticipating larger-than-expected deficits thereafter. At 11:30am, the S&P/ASX