US stocks jumped Tuesday, recovering some losses from the previous three trading days as investors took a pause from recession fears and Japanese equities rallied. The Dow Jones Industrial Average rose 294.39 points, or 0.76 per cent, to end at 38,997.66. The S&P 500 advanced 1.04 per cent, closing at 5,240.03. The tech-heavy Nasdaq Composite […]
US stocks snap losing streak Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA meeting. Key points:At its August meeting the RBA left the cash rate on hold at 4.35% as widely expected, leaving it unchanged for nine months now.The RBA reiterated that it is “not ruling anything in or out”, but its statement
Woodside (ASX:WDS) has stepped up its investment in the US, adding a planned ammonia-producing business to what could be a huge LNG project. Both investments are in the US state of Texas and will total over $US5 billion—and more when the cost of the LNG plant is finally announced. The latest deal will see Woodside
Woodside targets low-carbon future with US ammonia plant Read More »
Treasury Wine Estates (ASX:TWE) is undergoing a major restructuring, including a $300 million impairment of its Treasury Premium Brands (TPB) division and the proposed sale of several underperforming brands. The company is shifting its focus towards higher-end, premium wines, with its flagship red wine range taking center stage. TWE announced on Tuesday that it expects
Treasury Wine Estates overhauls portfolio Read More »
The Reserve Bank of Australia (RBA) today maintained the cash rate at a 12-year high of 4.35 per cent, opting to hold steady as it continues its battle against persistent inflation. The decision, widely anticipated by economists and the market, marks a pause in the aggressive tightening cycle implemented since 2022 to cool the economy
RBA pauses rate hikes Read More »
Alderan Resources Limited (ASX:AD8) Managing Director Scott Caithness discusses the company’s exploration targets and progress. Peter Milios: I’m Peter Milios from the Finance News Network, and today we’re talking with Alderan Resources (ASX:AL8). Alderan is trading under the ASX code “AL8” and has a market capitalisation of approximately $4.4m. Alderan Resources specialises in critical and
Copper-gold in Utah and lithium in Brazil Read More »
Quarterly updates from the likes of Yancoal (ASX:YAL) and Whitehaven (ASX:WHC) have already given a big hint about the likely slide in June 30 earnings for the coal mining sector, but the interim results from US and Australian miner, Coronado (ASX:CRN), confirmed that the reporting season for this sector won’t be pleasant. Earnings for the
Coronado’s tough half Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the risk of recession. Key pointsThe risk of recession is high.The falls in shares and commodity prices reflect this.Lower growth and recession would mean a high risk of the inflation rate undershooting the RBA’s inflation target.The RBA should be considering cutting interest
Recession fears and share market falls – what it means for the RBA and investors Read More »
How do you spell monopoly according to a US federal judge? You spell it G-o-o-g-l-e. US District Judge Amit Mehta’s ruling took direct aim at Google’s online search business—the business technology that Google did so much better than everyone else and turned into a verb synonymous with looking something up on the internet, either for
Google declared a monopolist Read More »
The Australian sharemarket rebounded today after heavy selling yesterday. At noon, the S&P/ASX 200 is 0.2 per cent higher at 7,665. This rebound comes amid a broader global market upheaval triggered by growing concerns over a potential US recession. Fears of aggressive interest rate hikes from the Federal Reserve to combat inflation have sent shockwaves
ASX up 0.2% near noon: Investors await for further economic indicators Read More »
