The S&P 500 set a new record on Tuesday, overcoming a lacklustre consumer confidence report, buoyed by a significant rise in Nvidia shares. The broad market index increased by 0.25 per cent, closing at 5,732.93, while the Dow Jones Industrial Average gained 83.57 points, or 0.20 per cent, to finish at 42,208.22. Both indices reached […]
S&P 500 hits record high amid Nvidia surge Read More »
New records for gold were set for a second day this week, with prices getting awfully close to the $US2,700 level for the most active December contract. New 2024 highs were also recorded for the Aussie dollar, which nudged closer to 69 US cents in overnight trading. That strength is starting to put a cap
Gold prices near record highs amid geopolitical tensions and Fed rate cuts Read More »
An auditor’s tick was worth hundreds of millions of dollars on Tuesday to shareholders in Cettire (ASX:CTT), the controversial online luxury goods operator. The company finally produced its audited 2023-24 accounts, and the shares leapt by more than 76% in value by mid-afternoon, as the company shook off a month of investor scepticism about its
Cettire shares skyrocket Read More »
Administrators have begun probing why the South Australian dairy group, Beston Global Food Company (ASX:BFC), went bust this week. The administrators will want to determine why the company failed when it appeared to be on track to remain operational. The company blamed what it described in Monday’s statement as “a perfect storm of adverse events”
Beston Global collapse: Administrators investigate sudden downfall Read More »
China has given countries like Australia a lot to ponder with its latest monetary policy easing. While the Reserve Bank here obsesses over inflation and uses a blunderbuss approach, in the form of high interest rates, to try to control it, China faces an entirely different set of pressures that are far more worrisome, pernicious,
China’s monetary manoeuvering Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA meeting. Key points:At its September meeting the RBA left the cash rate on hold at 4.35% as widely expected, leaving it unchanged for 10 months now.The RBA reiterated that it is “not ruling anything in or out”, but its statement
The Reserve Bank left rates on hold for another month and maintained its anti-inflation stance at its latest meeting on Monday and Tuesday. It was the seventh meeting in a row that the central bank has held rates steady, keeping the cash rate at 4.35%, while continuing to emphasise its commitment to fighting inflation. The
RBA leaves rates unchanged at 4.35% Read More »
To register for Friday’s webinar click here. Element 25 (ASX:E25; OTCQX: ELMTF) has announced that their high-purity manganese project selected for US$166M grant under US DOE grant program. This funding will support the construction of its proposed battery-grade high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana, USA. Shares are trading 113.95 per cent higher 46
Stocks of the Hour: Element 25, American Rare Earths, Stelar Metals Read More »
Australian shares opened modestly higher but is trading lower near noon, tracking a positive finish in New York as investors assessed comments from several US policymakers regarding the interest rate outlook. At 11:45am, the S&P/ASX 200 is 0.14 per cent lower at 8,141.40. Overnight, US markets saw the Dow Jones rise by 0.2 per cent,
ASX down 0.14% near noon: Investors await RBA decision Read More »
