September 4, 2024

The S&P 500 and Nasdaq Composite extended their losses for a second consecutive session overnight, marking a sluggish start to September. The S&P 500 slipped 0.16 per cent to close at 5,520.07, while the Nasdaq Composite declined 0.3 per cent, ending at 17,084.30. The Dow Jones Industrial Average, however, edged up by 38.04 points, or […]

Star Entertainment (ASX:SGR) is no closer to resolving its financial position after releasing a late-night statement on Wednesday. The casino group made it clear that it is still in discussions, with no sign of a deal with lenders, governments, or shareholders. Three days after the ASX suspended its shares for failing to lodge the 2023-24

President Joe Biden is expected to block Nippon Steel’s $14.9 billion bid to acquire US Steel, following an assessment by his administration that the deal poses a national security risk that cannot be mitigated by the US and Japanese companies involved. Sources familiar with the situation indicated that the White House is preparing to prevent

In a further sign that the U.S. labour market is cooling, job openings in July slumped to a more than three-year low. The U.S. Labor Department reported that the so-called JOLTS data (Job Openings and Labour Turnover Survey) showed available positions fell to 7.67 million in July, a decrease of 237,000 from June’s downwardly revised

The chances of the casino group, Star Entertainment (ASX:SGR), surviving in its current state look increasingly bleak as the company struggles to gain support for a survival plan. The company’s shares remain suspended due to its failure to lodge the June 30 accounts on time after it requested an extension from the due date, last

Gold prices are hovering near record highs above $2,500 per ounce, making it a standout year for gold enthusiasts. However, one top investment strategist suggests the precious metal’s impressive run may soon come to an end. Jim Paulsen, a 40-year market veteran who spent two decades at Wells Fargo and most recently served as chief

Did Orora have ‘something’ up its sleeve when it sent Lone Star packing last month after ignoring the American investor’s non-binding, airy A$2.55 per share first offer? Yesterday’s sale of its US business for around A$1.7 billion suggests that it was confident it had ‘something’ to justify the rejection, even though the share price was

US homebuilders are experiencing the most significant credit crunch in over a decade, with banks reducing lending for residential construction by more than 10%. As of the end of June, US banks had $92 billion in loans outstanding for the construction of homes designed for one to four families, down from $102 billion a year

The US coal industry is hunkering down as falling sales and revenues take an increasingly large bite out of bottom lines. The situation worsened earlier this year when the destruction of a bridge in the US East Coast port of Baltimore disrupted coal exports for a couple of months. This event might have been the

Companies discussed include:  Mineral Resources Limited (ASX:MIN)Woolworths Group Limited (ASX:WOW)Wesfarmers Limited (ASX:WES)Qantas Airways Limited (ASX:QAN)