July 2024

Apple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company. Shares in the iPhone giant rose 0.65%, taking the company’s value to $US3.49 trillion, just ahead of Microsoft, whose shares eased 0.3%, reducing its value to $US3.47 trillion. Nvidia performed the best of the trio, with a […]

Markets continued their drive higher with two out of the three major indices closing at new record highs ahead of new inflation data and upcoming earnings numbers later this week. The S&P 500 closed up 0.1 per cent at a record 5,572. The Nasdaq also set a new record close finishing the day 0.28 per

Updates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources. In the past couple of weeks, Ramelius has revealed and then increased its holding in Spartan from 8.9% to more than 17%, while assuring everyone that it’s a cash-generating machine (which it is) with

The Australian sharemarket, particularly impacted by a commodities sell-off, saw significant declines on Monday, with the S&P/ASX 200 dropping 0.8% to 7763.2 points. This downturn was led by a 1.8% fall in mining stocks, driven by a sharp decline in iron ore prices to $107.90 per tonne amidst concerns over Chinese demand and oversupply. Major

Shares in Rex Minerals (ASX:RXM) surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia. Under the terms of the offer, MACH will acquire all the shares in Rex that it does not already own for a cash consideration of 47

A high-stakes game of dairy “Russian Roulette” is unfolding across the Tasman between struggling Synlait (ASX:SM1) and its once-close buddy and customer (and shareholder), a2 Milk (ASX:A2M). After years of closeness, the duo has fallen out badly. Synlait has faced hard times, with revenue and profit margins under pressure or disappearing, and the company needing

At 11:35am, the S&P/ASX 200 is 0.36 per cent lower at 7,794.30, driven by a decline in iron ore prices. This drop was influenced by a 3 per cent fall in iron ore futures to $US110.25 a tonne amid concerns about Chinese demand and oversupply. Despite a strong performance on Wall Street, where the Nasdaq

Rex Minerals (ASX:RXM) has entered into a SID with its major shareholder MACH Metals Australia to acquire all of the shares it does not already own for cash consideration of $0.47 per share. The Rex Minerals board unanimously recommends the transaction. Shares are trading 63.64 per cent higher at 45 cents. Gold Mountain (ASX:GMN) announced

Coal industry traders ended the week moving away from coking coal, despite the enthusiasm on the ASX for coal stocks following the huge fire at Anglo America’s Grosvenor underground metallurgical mine in Queensland’s Bowen Basin. The fire, which broke out at 6 am on June 29, caused the shares of listed miners to jump by

The ASX is looking at a hesitant start to trading today for the second week of the new financial year, despite a rise in most global markets on Friday due to a dip in the US dollar and Treasury bond yields following the release of weaker June jobs figures. The reaction to the jobs data