May 2024

The Dow Jones surged above the 40,000 level for the first time ever in intraday trading before settling below the record level by the close. Optimism about the inflation and rates outlook continued to filter through the broader market. The 30-stock Dow ended the day down by 38 points or 0.1 per cent, closing at […]

Elementos Limited (ASX:ELT) Managing Director Joe David discusses the recommencement of DFS and licensing activities following discussions with the Andalusian government. Paul Sanger: I am Paul Sanger for the Finance News Network, and today we’re talking with Elementos (ASX:ELT). Elementos, trading under the ASX code “ELT” with a market capitalisation of approximately $35 million, is

On Thursday, Australian shares experienced a significant surge, edging tantalizingly close to their all-time high, buoyed by market speculation surrounding potential interest rate cuts by the Reserve Bank of Australia. The S&P/ASX 200 index rallied impressively by 1.7%, marking its most substantial single-day gain of 2024 and landing just 0.2% shy of its record closing

Explosives and fertilizer group, Incitec Pivot Limited’s (ASX:IPL) apparently weak financial performance in the March half-year reflected the sale of its US explosives plant in Louisiana in late 2023, as well as the impact of one-off items, including a significant write-down in the value of its soon-to-be-sold fertilizer business. IPL saw a significant downturn in

The number of new jobs and the number of unemployed workers rose in April, as the labour market seemingly moved to the cusp of a major change. The April jobs report suggests the labour market is still tight. There were more workers looking for jobs last month, so the number of jobless rose, which suggests

Fonterra (ASX:FSF), the large Kiwi dairy group, wants to exit Australia. The company owns household brands such as Western Star butter, Perfect Italiano, and Mainland cheese, and has eight Australian manufacturing sites in Victoria and Tasmania. It also has the rights to Bega Cheese and butter, and analysts wonder if the acquisitive Bega company will

Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking to Hazer Group, trading under the ASX code HZR with a market capitalization of around 108 million. Hazer Group is a pioneering technology development company, undertaking the commercialization of the Hazer process, a low emission hydrogen and graphite production process. The

To register for Friday’s webinar click here. Sunstone Metals (ASX:STM) announced that their assays reveal significant gold-copper mineralisation at surface, highlighting scope for substantial maiden resource. Where the porphyry is exposed as fresh rock in the trench, the copper values are elevated up to 0.22% copper and 0.16% copper, suggesting overall copper has been leached

Australian employment rose by 38,500 in April, with the unemployment rate climbing to 4.1%, up from the previous month’s 3.9%. Despite the increase, the labor market remains robust, posing challenges for inflation targets, as indicated by the Reserve Bank’s downward revision of jobless rate projections. The Australian Bureau of Statistics attributes the rise in unemployment to

Shareholders in gaming machine group Aristocrat Leisure (ASX:ALL) will receive a higher interim dividend of 36 cents per share after the company reported a 9% rise in after-tax earnings to $711 million for the six months ending on March 31. The company informed the ASX on Thursday that the 20% increase in the interim dividend