May 2024

The Reserve Bank has left the cash rate unchanged at 4.35% at its latest meeting but revealed increasing worries about the health of the wider economy beyond still too-high inflation. The decision was not unexpected with the Albanese government to hand down its new budget next Tuesday, despite some attempts by ignorant economists and commentators […]

Euroz Hartleys senior analyst Michael Scantlebury says “sensationalist” headlines about the end of mining are grossly exaggerated. Speaking on the opening day of the RIU Sydney Resources Round-up, Scantlebury said we’re likely “in the foothills” of the energy transition supercycle. While grim headlines about mining were the norm back in 2016 when large companies like

Regis Resources (ASX:RRL) announces it will invest upwards of $120 million to expand gold output, establishing two new underground mines in Western Australia. This marks the first significant indication of the positive impact of the 2024 gold price surge on local development. The two new mines are slated to commence operations by 2027, with Regis

Westar Resources (ASX:WSR) has announced outstanding gold and silver results of up to 40.7g/t of gold and 214g/t of silver from recently returned 14 grab samples of mined stockpiles located at the historic Mindoolah Mining Centre. Numerous historic workings and open pits are yet to be assessed with systematic stockpile and open pit sampling program

The Australian sharemarket opened higher, mirroring a surge in New York driven by anticipation of potential interest rate cuts by the Federal Reserve. Attention is particularly drawn to the Reserve Bank of Australia’s meeting, with expectations of a neutral to slightly hawkish stance in its statement, despite minimal anticipation of a rate hike. At 11:30am,

ANZ Group Holdings (ASX:ANZ) has topped the roll call of the big four banks, reporting weak earnings but higher dividends and buybacks. The bank revealed on Tuesday in its half-year results that it plans to buy back up to $2 billion of shares on-market as part of its capital management program. Additionally, the interim dividend

How desperate is Tesla’s Elon Musk? Quite a lot, judging by his almost plea-like call for Warren Buffett to buy Tesla shares after Berkshire Hathaway’s annual meeting on Saturday. Musk actually wants Buffett to sell out of Apple completely and buy Tesla. He was reacting to the news that Berkshire has quietly sold around $US20

A solid earnings season and rising confidence in the Fed’s rates policy saw markets continue their advance to start the week well into positive territory.  An announcement from Hamas that it accepted an Egyptian-Qatari cease-fire proposal to end the war with Israel also gave stocks a boost in early afternoon trading. The Dow Jones rose

The Australian sharemarket saw a 0.7% increase in the benchmark S&P/ASX 200 Index on Monday, primarily driven by gains in interest rate sensitive sectors such as real estate and information technology ahead of the Reserve Bank’s expected decision to maintain the cash rate. The All Ordinaries also rose by 0.7%, with notable performances from real

How to disguise a lack of earnings growth: announce a big contract win and how that will boost the next financial year’s earnings and not the one that ends on June 30, 2024. It’s a bit of a pea and thimble trick, but that’s what we got from Southern Cross Electrical Engineering (ASX:SXE) on Monday.