August 2024

Actinogen Medical (ASX:ACW) has announced positive results from its XanaCIDD phase 2a depression trial. Xanamem, the company’s drug candidate, demonstrated consistent benefits in reducing depression symptoms across multiple endpoints, suggesting its potential as a novel treatment for Major Depressive Disorder. Shares are trading 104.17 per cent higher 4.9 cents. Kalina Power (ASX:KPO) signed a non-binding […]

The Australian stock market started the week positively on the news that the US Federal Reserve is likely to cut interest rates soon. At 11:45am, the S&P/ASX 200 is 0.61 per cent higher at 8,072.80. The Australian dollar also rallied against the US dollar. Some individual company stocks also showed significant changes. Bendigo & Adelaide

Global coffee prices have skyrocketed to record levels due to adverse weather conditions disrupting crops, leading to higher costs for consumers and prompting roasters to mix in more lower-cost beans. Both robusta beans, commonly used in instant coffee, and the higher-quality arabica variety have seen significant price increases in recent months. London robusta futures, the

Amid the striking scenery of the Teton mountain range, a seemingly improbable outcome appeared within reach for the top central bankers who had gathered in Wyoming for the Jackson Hole symposium. After enduring the worst inflation shock in four decades, attendees at the Kansas City Federal Reserve’s annual conference expressed optimism that they were nearing

Another big week ahead for markets to chew over, although there’s nothing to match both the buildup and the content of Fed Chair Jay Powell’s comments on Friday that changed the interest rate outlook and pushed markets into the boom zone. However, there will be some important data releases, as well as major earnings reports.

Oil had a one-day spurt on Friday following the interest rate remarks by Fed Chair Jay Powell, but the gain couldn’t offset the losses from the previous four sessions. Powell stated on Friday that the “time has come” for the US central bank to begin lowering its benchmark lending rate, though the timing and extent

Twenty-two days of speculation, conjecture, rumour, and outright nonsense lie ahead for global financial markets after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts. It’s no longer solely about inflation; the Fed’s primary concern is jobs. And watch as interest rate speculation eclipses all the hype surrounding Nvidia’s upcoming quarterly earnings. When

Like its larger rivals, Bendigo and Adelaide Bank (ASX:BEN) has managed to weather the 2023-24 financial storm, emerging largely unscathed despite the challenges posed by high interest rates and a sluggish economy. Indeed, the year to June marked a period of incremental gains for outgoing CEO Marnie Baker. As she prepares to hand over the

Kazatomprom, the world’s largest uranium producer, has significantly lowered its production target for 2025 due to project delays and shortages of sulphuric acid, raising concerns about a potential supply crunch for the crucial fuel used in nuclear power. The Kazakh company, responsible for about 20% of the global uranium supply, has cut its production forecast

BluGlass Limited (ASX:BLG) CEO Jim Haden discusses the company’s record quarter, IP deals, customer engagement and the upcoming Semiconductor Australia conference. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking with BluGlass (ASX:BLG). BluGlass, trading under the ASX code “BLG” with a market capitalisation of $55m, has been developing leading-edge