US stocks rallied overnight as investors continued to shrug off a rocky start to September and snapped up tech stocks in anticipation of a Federal Reserve rate cut next week. The S&P 500 gained 0.75 per cent to close at 5,595.76, marking its fourth consecutive winning day. The Dow Jones Industrial Average added 235.06 points, […]
US stocks rally on tech surge Read More »
Thursday, we learned about impairment losses from Brickworks and its 43% shareholder, Washington H Soul Pattinson, related to their brick-making and masonry businesses in Sydney and the U.S. The surprise write-down announced on Thursday means Brickworks will report a loss for the fiscal year ending in June when it releases its full-year results later this
Brickworks faces tough times ahead Read More »
August was a good month for global electric vehicle sales, except in Europe. According to the monthly sales report from market research firm Rho Motion, sales of fully electric and plug-in hybrid vehicles worldwide increased by 20% year-over-year in August. This is consistent with July’s 21% jump and the 20% growth seen in the first
China drives EV growth, Europe struggles Read More »
For the second time in five years, Nine Entertainment (ASX:NEC) has lost its CEO amid allegations of non-financial issues within the company. Nine announced on Thursday that CEO Mike Sneesby would depart the company at the end of September after a 3½-year tenure. He replaced Hugh Marks, who resigned in November 2020 following revelations of
Nine CEO resigns amid workplace allegations Read More »
A second rate cut in Europe and one next week for the US – the pace of central bank policy easings is accelerating. The European Central Bank (ECB) on Thursday delivered on expectations for a 0.25% trim for the second time in a couple of months. That set the ECB’s key policy rate at 3.5$.
ECB delivers another rate cut as economic growth slows Read More »
Believe it or not but gold futures are within $US15 of topping the $US2,600 mark as prices lurched upwards on Thursday. Silver futures also went for a nice little run as well. Gold settled at $US2,587.30 – its high for the day and latest record and was around this level early Friday in Asia. The
Silver soars 4.5% as gold reaches new heights Read More »
To register for Friday’s webinar click here. Locksley Resources (ASX:LKY) has announced promising new findings from its Mojave Project in California. Recent analysis revealed six rock chip samples with high antimony grades, including two at 11.2% and 8.3%. The samples were taken from the Desert Antimony Mine. Shares are trading 45.83 per cent higher at
Stocks of the Hour: Locksley Resources, MTM Critical Metals, Battery Age Minerals Read More »
Australian shares rose shortly after the market opened, driven by broad gains led by the tech and energy sectors, mirroring a rally on Wall Street. At 11:35am, the S&P/ASX 200 is 0.7 per cent higher at 8,043.80, approaching its all-time high of 8148.7 set in August. The US technology sector’s strong performance bolstered the ASX,
ASX up 0.7% near noon: IT is best performing sector Read More »
Fund Manager Chris Pedersen discusses ASX Ltd (ASX:ASX), Endeavour Group Ltd (ASX:EDV) and Platinum Asset Management Ltd (ASX:PTM).
Analysis of ASX, Endeavour Group, Platinum Asset Management Read More »
Uranium mining and processing stocks, along with an exchange-traded fund, surged on Wednesday following a Reuters report that Russian President Vladimir Putin suggested Russia may restrict exports of uranium, titanium, and nickel in response to Western sanctions over the invasion of Ukraine. Canada’s Cameco Corp. saw its shares jump 6.4%, while NexGen Energy climbed 4.3%,
Uranium mining stocks surge as Putin hints at export restrictions Read More »
