July 2024

The S&P 500 & Nasdaq both closed at new records following encouraging commentary from Federal Reserve Chairman, Jerome Powell. The S&P 500 just managed to close in the green adding 0.07 per cent to a record 5,576. The Nasdaq closed 0.14 per cent higher also closing at a new record 18,429. Both major indexes also touched […]

Nico Resources (ASX:NC1) is wholly focused on its Wingellina Nickel-Cobalt Project (Wingellina or the Project). Wingellina is a fully owned, development-ready, large-resource project with a demonstrated ability to produce nickel and cobalt in Mixed Hydroxide Precipitate (MHP). In Corporate Connect Research’s (CCR)view Wingellina is the highest-quality nickel project in Australia with ore grade circa 1%

Spartan Resources (ASX:SPR) has confirmed why larger rival Ramelius has it in its sights. In an update issued Tuesday, Spartan told the ASX that it had found more “exceptional” assays from its Dalgaranga gold project in Western Australia. It was almost a case of ‘tit for tat’ statements from Ramelius on Monday and Spartan on

The Australian sharemarket saw a broad-based rally on Tuesday, driven by gains in US blue-chip tech stocks, pushing the S&P/ASX 200 Index up by 0.9% to 7829.7. All 11 sectors ended in the green, with notable performances from the communication services and consumer discretionary sectors. Major banks and tech stocks also saw significant gains, contributing

Australian shares opened higher, with the S&P/ASX 200 Index rising 0.7% to 7815.2, driven by a rally in blue-chip tech stocks that also pushed the S&P 500 to a new record high. On the ASX, communication services led gains, with Telstra up over 2% and REA Group up 1.1%, while tech stocks followed the Nasdaq’s

Now, this will confuse economists, analysts, and the members of the Reserve Bank second-guessers in the business media. According to the latest National Australia Bank survey for June, business conditions fell (no surprise), but business confidence jumped to 18-month highs (a big surprise). The two don’t really chime, do they? While conditions fell to a

Killi Resources (ASX:KLI) has confirmed a high-grade gold-copper structure at Mt Rawdon West Project, Queensland. This includes multiple high-grade gold and copper rock chips including an outstanding 238g/t of gold and 5.4 per cent copper. Shares are trading 60.47 per cent higher at 6.9 cents. Solis Minerals (ASX:SLM) has announced high grade copper samples have

Car parts retailer and distributor Bapcor (ASX:BAP) had a busy Tuesday, announcing a new CEO and Executive Chair, and rejecting the tentative $5.40 a share approach from Bain Capital, an American private equity group. The company told the ASX that the approach, revealed on June 11, had been rejected after considering the offer “in detail.”

US utilities are on the verge of a significant growth super cycle, fuelled by the expansion of data centres and a revival in manufacturing and supply chain, all underpinned by the continuous push for net-zero emissions. The I-94 corridor within the WEC Energy Group service territory is just a microcosm of what is currently unfolding

Canada has again tightened rules, making it even harder to take over the country’s remaining big miners. Under the new rules, Canada will only approve foreign takeovers of large domestic mining firms with “significant” critical minerals operations “in the most exceptional of circumstances.” The rules were revealed late last week, but only now have investors