Oil prices might have had a good week, but American companies continue to chase productivity with another cut to active rig numbers last week. It’s a trend that has dominated production in the world’s biggest producer for the past couple of years, but has become very noticeable in 2024. Last week saw the number of […]
US oil rigs decline as productivity drive continues amidst stable prices Read More »
Gold might have gained early on Friday, but like oil, it eased as the session went on. However, similar to oil, it is still heading into the final week of the second quarter and first half with notable gains. In fact, the first six months of 2024 were marked by several record highs and the
Gold and commodities market recap Read More »
The broader market index drifted lower on Friday as the recent Nvidia led rally finally looks to have run out of momentum. The S&P 500 fell 0.16 per cent, while the Nasdaq closed 0.18 per cent lower. The Dow Jones managed to just tip into the green closing 0.04 per cent higher. US markets saw
Nvidia pull back weighs on broader market Read More »
Nvidia dragged Wall Street markets lower on Friday, but they still ended the week higher, albeit a bit stretched. The coming week wraps up the second quarter and the month of June in terms of performance and gains (and losses), with bragging rights for the biggest company depending on how Nvidia, Microsoft, and Apple shares
Nvidia’s influence and economic indicators shape investor sentiment Read More »
Pilbara Minerals (ASX:PLS), the country’s largest independent lithium producer, reckons around $1.2 billion will double its lithium spodumene production capacity at its Pilgangoora mining operation in the Pilbara. It’s an ambitious plan that, if given the green light, would see Pilbara maintain its major position in the growing global lithium trade well into the 2030s.
Pilbara Minerals plans $1.2 billion expansion to double lithium production Read More »
The final week of the 2023-24 financial year, the second quarter of 2024, and the first half of the same year is approaching, so companies and investors are reviewing their books to ensure the best performance can be reported. They are also identifying any black holes in revenue, cash flow, or earnings that can be
Booming share prices for Australia’s big four banks – Commonwealth, NAB, ANZ, and Westpac – have saved investors from a miserable first half of 2024 and ensured the market performed better than inflation over the 2023-24 financial year, which ends next Sunday. Markets, governments, and most businesses will close their books next Sunday, June 30,
Big four banks drive ASX gains Read More »
