June 12, 2024

In an action-packed day, US inflation in May cooled slightly. The US Federal Reserve then held rates steady at its meeting but reduced the number of rate cuts it projects for this year to one from the forecast of two in March and three last December. The prediction of a single rate cut surprised investors […]

The great Apple charge continued Wednesday, with the company’s market value topping Microsoft’s for a while during trading, regaining the mantle as the world’s most valuable company. The price jump came as investors realized that Monday’s AI announcement—now called Apple Intelligence—had been a masterstroke and not a flop. It was the first indication of how

As widely expected, the European Union will impose significant tariffs on imports of Chinese battery-powered EVs. However, the tariffs will not be uniform and will vary from company to company. Naturally, China is upset by the news, especially as the EU claimed that Chinese vehicles benefit “heavily from unfair subsidies” and pose a “threat of

The S&P 500 and the Nasdaq both hit all time highs closing at new records following the Fed’s policy announcement and May CPI numbers that pointed to easing inflationary pressures. The S&P 500 closed 0.85 per cent higher to finish the day at a new record 5,421.03. The Nasdaq rallied 1.53 per cent to also

In March, Magmatic Resources (ASX:MAG) announced a joint venture with Fortescue (ASX:FMG) for the Myall copper-gold prospect in central western NSW. Myall is in the same area as Alkane’s Kaiser and Boda finds, which are huge, with hundreds of millions of tonnes in mineral resource estimates (MRE) for copper and gold. The two prospects are

The Australian sharemarket extended losses on Wednesday, with the S&P/ASX 200 Index dropping 0.5% amid investor anxiety over the imminent US Federal Reserve interest rate decision. The materials sector, particularly mining giants like BHP, Rio Tinto, and Fortescue, suffered significant declines due to falling iron ore prices and concerns about China’s property market. Additionally, interest

Ahead of the US inflation data and the Fed interest rate decision tonight and early tomorrow respectively, cost pressures continue to show different outcomes in two of Asia’s major economies. China and Japan both produced reports that showed weakish cost pressures in China, solid, and a bit stronger in Japan. While China’s consumer inflation was

Companies discussed include: Viva Leisure (ASX:VVA)Skycity Entertainment Group (ASX:SKC)Life360 Inc (ASX:360)

At 11:30am, the S&P/ASX 200 is 0.69 per cent lower at 7,701.90, reflecting Wall Street performance where banking stocks weighed on the Dow Jones while the Nasdaq and S&P 500 were lifted by Apple’s 7.3% surge. Apple’s stock price closed slightly lower after reaching a peak, contributing to its market cap of $US3.18 trillion, while

To register for Friday’s webinar click here. Reach Resources (ASX:RR1 & RR1OA) has announced that assay results from the latest field program at Wabli Creek have identified a primary source of high grade Nb/REE mineralisation. Most importantly, these latest high-grade assay results confirm that the hard rock source material holds the same or similar high-grade