May 22, 2024

All three major indexes fell into the red after the minutes from the Federal Reserve’s May meeting raised concerns of persistent inflation, suggesting any rate cuts are likely to be pushed out further. The Dow Jones fell 0.51 per cent, the index’s worst session in May. The S&P 500 finished down 0.27 per cent and […]

Now, that’s what you call a result—in fact, a crushing result, as Nvidia’s revenue soared by 262% in the past quarter, beating all expectations and sending the chipmaker’s shares higher in after-hours trading on Wednesday. The company reported sales of $26.04 billion, surpassing the market’s expectation of $24.65 billion and significantly higher than $7.2 billion

A three-month high for iron ore prices was reached on Wednesday as traders remained bullish about the prospects for China’s aid packages for the country’s loss-making property sector. Iron ore futures hit an over three-month high in China and Singapore as optimistic investors bet on a bounce in demand from the property support moves last

So, we’re now at the pointy end of BHP’s (ASX:BHP) monthly long attempt to grab its stumbling rival, Anglo American. BHP lobbed a third offer overnight Wednesday just before the 5 p.m. London time deadline for a formal offer. Anglo American said ‘no’ for a third time but granted BHP a week-long extension to see

The dream lives on – that is the dream of a rate cut in Britain. June is now out, as Wednesday saw UK consumer inflation coming in lower but stronger than forecast for April. But the calling of a general election for July 4 means no rate move at all before the poll, and the

Shares on the S&P/ASX 200 dipped 0.05%, primarily driven by a decline in retail and consumer stocks despite gains in the mining sector. Meanwhile, on Wall Street, the S&P 500 reached a new high, with the Nasdaq also closing at a record level ahead of Nvidia’s quarterly results. In London, attention is focused on BHP’s

Shares in BHP Group (ASX:BHP) closed at a three-month high on Tuesday, 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $US43 billion takeover offering. BHP shares ended up 0.7% to $46.04 in afternoon trading on the ASX, higher than the $45.23

Nothing compares to a copper price boom for catalyzing a surge in exploration efforts, proposed expansion projects, and fundraising. Global copper prices are currently at or near all-time highs, sitting at $US5.08 a pound on the Comex futures market in New York, marking an increase of more than 30% so far this year. Based on

by Tony Gu, Partner, Datt Capital Click here to visit the Datt Capital website. We estimate the total world manganese ore production to be approximately 60 million tonnes, or 20 million tonnes in manganese equivalent, accounting for differences in ore grades. Manganese ore specifications typically range from 30% to 44%. Grades lower than this specification

Despite unemployment rising above pre-pandemic levels, the Reserve Bank of New Zealand’s sturdy monetary policy stance will not change. Unemployment in the March quarter reached 4.3%, well above the 2019 average (the year before the pandemic broke) of 4.11%. But that’s not enough for the RBNZ to relax its interest rate regime, with the official