May 30, 2024

Big Oil is shrinking as its options contract. Breathless reporting and market analysts trumpet takeovers in the oil and gas sector as something positive, but those doing the taking over can tell them that it is all defensive, not expansionary. It is cheaper to buy than drill—especially now, with demand starting to slow in what […]

Surging demand from AI and various other data needs for cloud computing and data centers is more than offsetting weakening investment from mining, which has traditionally been the driver of new private business capex in Australia. The latest private investment data for the March quarter, released Thursday by the Australian Bureau of Statistics, revealed that

The US economy is still growing, and the job market appears to be solidly underpinned by low unemployment, according to the latest GDP and unemployment benefit claims. On paper, the second estimate of March quarter GDP, released on Thursday, was weaker than expected, with an annual rate of 1.3%, down from the first estimate of

US markets were overshadowed on Thursday by softer than expected results from Salesforce and a pull back in the Nvidia share price as the rally finally ran out of steam. Investors were also cautious ahead of the release tomorrow of key U.S. inflation data. The Dow Jones closed down 0.86 per cent, the S&P 500

The Australian stock market sustained its downward trajectory for the third consecutive session, witnessing a 0.5% decline as reflected by the S&P/ASX 200 index closing at 7628 points. This dip extended the market’s reach to three-week lows, a downturn triggered by persistent apprehensions surrounding inflationary pressures. Notably, the benchmark index has shed over 3% of

Alex Underwood, Managing Director of Empire Energy Group Limited (ASX:EEG), presents at the company’s AGM in Sydney.

To register for Friday’s webinar click here. Nanoveu (ASX:NVU), a company specialising in innovative films and coatings, advises that it has signed a binding Heads of Agreement (HOA) with South Korean company, Rahum Nanotech Co, superseding the non-binding memorandum of understanding signed in November 2023. The minimum orders of USD$19.725 million (approx. AUD$29.637 million) is

Australian shares have declined, mirroring the weakness in New York amidst diminishing risk appetite due to concerns surrounding the trajectory of interest rates, with the S&P/ASX 200 down 0.57 per cent at 7,621.80 at 11:30am, marking a continuation of its three-week lows and a cumulative fall of over 2.5 per cent in the last five

Westgold Resources (ASX:WGX) has secured nearly a quarter of a million ounces of gold in its WA home base region through a $6 million deal with Ore Gold. Ora announced Thursday morning that it had entered into a binding agreement with Westgold, the dominant gold miner in the Murchison region. The agreement covers a strategic

Two product releases this week—one in northern China, the other in Tokyo—could very well help mark the end of the headless rush into pure electric vehicles or BEVs, the kind Elon Musk pushed into the foreground of public knowledge and ignited a boom in China and then around the world that is now spluttering. The