At the closing bell, the S&P/ASX 200 was 3.7 per cent lower at 7,649.60. The Australian share market has plummeted nearly 5% over the past two days, driven by escalating US recession fears ignited by disappointing jobs data. This sell-off is the worst since June 2022, with the tech sector and banks bearing the brunt […]
ASX closes 3.7% lower: US recession fears loom Read More »
David Franklyn, Executive Director and Head of Funds Management at Argonaut, explains how the Argonaut Natural Resources Fund has managed to outperform its benchmark despite a challenging year for the resources sector. He outlines his approach to portfolio construction and how global trends in energy transition and geopolitical uncertainty are shaping investment decisions.
Navigating resource sector volatility Read More »
At noon, the S&P/ASX 200 is 2.93 per cent lower at 7,710.70. This dramatic fall is primarily attributed to escalating US recession fears ignited by disappointing jobs data and a surge in Goldman Sachs’ recession probability indicator. Consequently, tech stocks, particularly those heavily invested in artificial intelligence, have suffered significant losses, leading the overall market
ASX down 2.93% at noon: US recession fears loom Read More »
Private hospital operator Ramsay Health Care (ASX:RHC) has warned that write-downs and impairment charges against some of its European businesses will weaken its underlying 2023-24 results compared to the previous year. However, the profit from the sale of its Sime Darby venture will significantly boost statutory profit. Ramsay expects a net profit from continuing operations
Ramsay warns of weaker underlying profit Read More »
Argo Investments (ASX:ARG) has maintained its final dividend for shareholders despite a dip in earnings to $253.0 million for the year ended June. This decline was due to lower distributions from portfolio companies. The group’s net tangible asset return after all costs and adjusted for company tax paid was +11.0%. This compares to the index
Argo holds steady amidst profit dip Read More »
Killi Resources (ASX:KLI) has announced that gold-copper drill targets have been confirmed at the Mt Rawdon West Project, Queensland. Results include 238g/t Au and 5.4% Cu. Shares are trading 29.03 per cent higher at 12 cents. East 33 (ASX:E33) has announced that Yumbah will make an off-market takeover offer to acquire 100 per cent of
Stocks of the Hour: Killi Resources, East 33, Carnavale Resources Read More »
BlinkLab Limited (ASX:BB1) Non-Executive Chairman Brian Leedman discusses transforming smartphones into diagnostic tools. Manny Anton: Hello. I’m Manny Anton for the Finance News Network, and today I’m talking with BlinkLab (ASX:BB1). BlinkLab, trading under the ASX code “BB1”, has a market capitalisation of approximately $25m. BlinkLab is a pioneering neuroscience company that turns ordinary mobile
Diagnosing autism and ADHD from a smartphone Read More »
Except for oil, surprisingly, commodities did well in Friday’s bloodbath, led by gold, silver, copper, and iron ore. Oil did rise on Friday but not nearly enough to wipe out the fourth weekly loss in a row. Wednesday’s buying spurt, triggered by a sharp rise in tensions in the Middle East, was not enough to
Oil weakens despite Middle East tensions Read More »
Another big drop is ahead for the ASX today (Monday) after Wall Street plummeted on Friday. The ASX 200 is expected to decline by 115 points this morning following Friday’s near-panic sell-off, which wiped $50 billion from valuations and left the market down 2.1% at 7,943.20. The 171.50-point fall on Friday was not as severe
ASX to dive as Wall Street crashes Read More »
It should be no surprise that the big sell-off has battered Nasdaq into correction territory (a fall of 10% or more from its most recent peak) — after all, that’s where the bulls were at their most bullish and where the bubble has been greatest: in AI stocks and especially the so-called Magnificent Seven. Nasdaq’s
Nasdaq battered into correction territory Read More »
