Fairmont Equities Managing Director Michael Gable provides an update on the share market. Click here to visit the Fairmont Equities website.
Investment insights webinar with Fairmont Equities, September 2024 Read More »
At 11:30am, the S&P/ASX 200 is 0.79 per cent lower at 7,949.90. Australia’s stock market experienced a decline due to concerns about a potential global economic downturn. Weak US job numbers raised fears that the Federal Reserve may not have taken sufficient measures to prevent a recession. This led to a decrease in major bank
ASX down 0.79% near noon: Global recession fears loom Read More »
Adelong Gold (ASX:ADG) has engaged a new exploration consultant to advance the Adelong Gold Project. Initial soil sampling has revealed promising indications of arsenic and antimony, suggesting potential gold mineralisation. A drilling program is now being planned to further explore these findings. Shares are trading 11.11 per cent higher at 0.5 cents. Adacel Technologies (ASX:ADA)
Stocks of the Hour: Adelong Gold, Adacel Technologies, Neurotech International Read More »
Terrain Minerals Limited (ASX:TMX) Executive Director Justin Virgin discusses the company’s promising projects in Western Australia. Peter Milios: I’m Peter Milios from the Finance News Network, and today I’m talking with Terrain Minerals (ASX:TMX). Terrain Minerals, trading under the ASX code “TMX” with a market capitalisation of approximately $5m, is a West Australian-based minerals exploration
Star Entertainment (ASX:SGR) has sold its Treasury property in Brisbane, as the embattled gaming giant scrambles for fresh financing and a tax reprieve to manage cost blowouts at its new marquee Queen’s Wharf development. The company confirmed months of speculation late on Friday, announcing that the historic site would be sold to Griffith University for
Embattled Star Entertainment offloads treasury site for $67.5 million Read More »
Gold bugs will be beside themselves as China has stayed out of the very expensive gold market for the fourth month in a row. The lack of any buying was once again revealed in what wasn’t included in the monthly data for China’s foreign reserves—a change in the size of its gold holdings, which have
China’s gold reserve stays steady amid record price increases Read More »
China was expected to release its monthly trade data on Saturday, September 7. It typically releases this data on the 7th day of the following month, except at the start of the year and sometimes after the end of a quarter. However, the trade data is now due on Tuesday, a day after the release
Chinese markets slip as central bank hints at rate cuts Read More »
The OPEC+ group’s latest attempt to boost global oil prices collapsed within a day of its announcement on Thursday. On Friday, US West Texas Intermediate (WTI) crude hit its lowest level since June 2023, marking its worst week in nearly a year. The postponement of OPEC+ production increases confirmed a dimmer outlook for crude than
OPEC+ price boost fails as global oil markets tumble Read More »
This week presents a heady mix of developments, including interest rates in Europe, inflation in China and the US, and share markets shifting focus from economic factors to market momentum issues. Normally, Wall Street and its long line of ‘instant analysts’ would be eager for another US Consumer Price Index reading. However, after the somewhat
Fed prepares for rate cut as AI and tech stocks face investor scrutiny Read More »
The S&P 500 suffered its worst weekly decline since March 2023 on Friday, as investors grappled with a weaker-than-expected August jobs report and shed leading tech stocks. The broad index slid 1.73 per cent to settle at 5,408.42, while the Nasdaq Composite shed 2.55 per cent to close at 16,690.83. The tech-heavy index ended the
S&P 500 plunges on tech collapse and economic concerns Read More »
