August 12, 2024

Rising tensions in the Middle East saw oil, gold, copper, and silver all rise on Monday, but iron ore bucked the trend with a 2% drop in Asian trading. Gold surged to a new all-time record closing price of AU$2,513.40 an ounce after touching a high of AU$2,522 an ounce during trading. That was a […]

US stocks traded erratically on Monday, ultimately closing near flat as investors remained on edge ahead of crucial inflation figures. The S&P 500 finished virtually unchanged, up just 0.23 points to 5,344.39, after fluctuating between small gains and losses throughout the day. The Dow Jones Industrial Average retreated 140 points, or 0.36 per cent, to

Building products group, James Hardie (ASX:JHX), has reaffirmed its 2025 guidance after a solid first-quarter performance for the three months to June. However, there’s no sign of any expectation of an improvement in full-year earnings from the lower figure guided to earlier this year. Full-year guidance remains adjusted income in the range of US$437 million

Nearly 40% of the largest U.S. manufacturing investments announced during the first year of President Joe Biden’s major industrial and climate policies have faced delays or have been paused, according to a Financial Times investigation. Biden’s Inflation Reduction Act (IRA) and the CHIPS and Science Act collectively offered over $400 billion in tax credits, loans,

After a lengthy process, Sims (ASX:SGM) has finally found a buyer for its UK scrap metal businesses and also finished the sale of the last interest in a US operation. The two sales will net the company well over $A400 million in cash by the end of this year, and eager shareholders and analysts will

Australian shares extended their winning streak for a fifth consecutive day on Monday, buoyed by a strong performance from consumer discretionary stocks, particularly following an upbeat earnings report from JB Hi-Fi. The benchmark S&P/ASX 200 Index climbed 0.5% to close at 7813.7 points, mirroring a positive trend in global markets as investors digested last week’s

TerraCom (ASX:TER) has signed a cooperation agreement with Chinese energy giant Wintime Energy Group (SHA:600157) to jointly develop and operate the Moorlands Thermal Coal Project in Queensland, Australia. The deal highlights TerraCom’s role as a full-service development and mining services partner for Wintime, expediting approvals and commercialization of the Moorlands Project. Additionally, TerraCom’s Blair Athol

Carsales owner CAR Group (ASX:CAR) seems to have avoided the tremors hitting car sales in some markets like Australia and the US in recent months. Major listed local dealers, Eagers Holdings and Peter Warren, have issued earnings downgrades and warned of worsening market conditions as consumer confidence slides—though industry data on car sales remains solid.

A thumbs down from the market to rail group Aurizon’s (ASX:AZJ) 2023-24 financial report and outlook for the coming year. The shares traded down more than 8% during Monday trading, despite a result that showed the company benefited from the lack of a La Niña’s big wet. There were higher shipments, revenues, and profits from

JB Hi-Fi’s (ASX:JBH) massive special dividend could not disguise the weakest trading performance in four years for the 2023-2024 financial year—since 2020 and the start of the pandemic. However, it wasn’t truly needed given the upbeat news about the retailer’s strong trading in the first month of the new financial year. That trading update sent