LA Private

May 2024

Diary

A quiet-ish week lies ahead for some markets, with a couple of central banks meeting: the Bank of England, which meets later in the week, and the Reserve Bank here today and tomorrow. No rate change is forecast from the RBA, but some stern threats on possible rate rises are likely in the post-meeting statement […]

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Buffet sells Apple shares

Just as Apple’s first-quarter performance had won back skeptical investors, Warren Buffett’s surprise $US 20 billion sale of Apple shares will send shockwaves through share markets starting today. The news, delivered in Berkshire’s March quarter report and then discussed at the company’s annual meeting in Omaha, marks a major departure from his previous stance with

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Stocks of the Hour: Chariot Corporation, Haranga Resources, Patagonia Lithium

To register for today’s webinar click here. Chariot Corporation (ASX:CC9) advises it has received the results of drill holes four to nine from the Phase 1 Drill Program at the Black Mountain Project, in Wyoming, U.S.A. The Phase 1 Drill Program intersected high-grade spodumene mineralisation and has confirmed the exploration potential of Black Mountain and

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ASX up 0.53% near noon: Consumer Discretionary leads sectors

The Australian sharemarket began on a positive note amidst concerns of prolonged higher interest rates, with Apple’s stock surging over 7% in after-hours trading and local tech companies such as Pro Medicus reaching record highs. Concurrently, Wall Street displayed upward momentum following Federal Reserve chairman Jerome Powell’s statement, signaling optimism as he hinted at fewer

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Cocoa prices plunge

A storm in an Easter egg or those fears of a melting box of Valentines was overdone? After starting the year with a surge that seemed never-ending, worrying Cupid and the Easter Bunny that they might be priced out of a job, cocoa prices have plunged this week. It’s not yet back to ‘normality,’ but

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