July 22, 2024

All three major indices finished in the green with the Tech names rebounding from last week’s selloff, as the rotation into the broader market and small companies took a breather. The broad S&P 500 closed 1.1 per cent higher on the day, with the Nasdaq bouncing back to close 1.6 per cent higher. The Dow […]

Another gold mine in central western NSW is on the horizon, with the definitive feasibility study at Regis Resources’ (ASX:RRL) McPhillamys gold project confirming the project as a long-life, low-cost open cut operation. Regis announced on Monday that the study (a DFS) will be followed by the Final Investment Decision (FID) in 2025-26. Regis acquired

South32 (ASX:S32) is facing another loss-laden financial report next month after revealing a second round of significant write-downs in asset values. The company disclosed in its June quarter and full-year production report on Monday that it would incur a total of $US818 million in impairments, or $A1.22 billion. A year ago, the company reported $US1.3

Copper Miners Anticipate Closer Collaboration with End Users Amid Predicted Shortages The world’s largest copper miners foresee closer collaboration with end users, including carmakers and utilities, as supply chain fragmentation gives way to direct deals due to anticipated shortages of the metal crucial to green technologies. Leading mining executives observe a shift towards securing supply

Woodside Energy (ASX:WDS) has announced its acquisition of struggling US liquefied natural gas (LNG) developer Tellurian for $1.2 billion. This deal is set to transform the Australian company into a “global LNG powerhouse.” The agreement, revealed by both companies on Sunday, concludes a long-standing saga for Tellurian, which faced numerous challenges in launching its $25

In economics, there’s a ‘good’ slowing pace of growth for an economy and a ‘bad’ or ‘unneeded’ pace for an economy that’s stagnating and in trouble. In the West, the hope is that central banks are starting to cut interest rates because they are becoming more confident about inflation, with slowing economic activity and demand

Despite the impression left by many blasé analysts and investors that Friday’s massive computer outage across the world was now behind us, the story continues to unfold—particularly in one corner of Wall Street: shares in CrowdStrike, the company at the center of the disaster. This also aligns with a growing price war in North Atlantic

Finally, a substantial policy change from the Chinese government: a surprise cut in interest rates on Monday. The People’s Bank of China, the country’s central bank, surprised the markets by lowering a key short-term policy rate earlier on Monday. The one-year loan prime rate (LPR) was lowered by 10 basis points (0.10%) to 3.35% from

On Monday, Australian shares declined due to concerns over the potential impact of US President Joe Biden’s decision to end his re-election campaign on financial markets. The S&P/ASX 200 Index fell 0.5% to 7931.7, with declines in mining, energy, and real estate sectors. The materials sector was notably pressured by falling copper prices and a

As global markets evolve, small-cap stocks are emerging as a compelling opportunity for investors, particularly those in Australia, according to Sadhvi Gupta, Executive Director for Quantitative Investment Strategies at Goldman Sachs Asset Management. Australian investors have traditionally concentrated on large and medium-cap companies, either through managed funds or direct stock investments. However, when it comes