October 2, 2024

The major indexes wrapped up Wednesday just above the flatline, as rising tensions in the Middle East put pressure on the markets. The S&P 500 edged up 0.01 per cent to finish at 5,709.54, while the Nasdaq Composite rose 0.08 per cent to close at 17,925.12. The Dow Jones Industrial Average added 39.55 points, or […]

Oil prices rose on Wednesday following Iran’s missile attack on Israel but later pulled back as traders assessed the potential impact of the escalating conflict on global energy supplies. Brent crude, the international benchmark, initially surged to $76.14 before retreating to $73.84, ultimately closing slightly higher. Meanwhile, U.S. benchmark West Texas Intermediate edged up 0.4%

The Hong Kong share market surged to a 20-month high on Wednesday as the rally ignited by last week’s stimulus measures from Beijing continued to lift Chinese stocks. Can this momentum sustain big gains today and tomorrow? The closure of mainland Chinese markets for the Golden Week holiday has facilitated foreign buying in the Hong

Investors are increasingly turning to complex derivatives trades to capitalize on the uncertainty surrounding the upcoming U.S. presidential election, speculating on stock market movements regardless of the outcome. With fewer than 30 trading days left, the race remains extremely close, raising concerns about a repeat of the contested results from 2020. Many investors are now

Tesla may have delivered 462,890 EVs in the three months leading up to last Sunday, but this fell short of forecasts, causing shares to drop by 6% at one point on Wednesday. By the close of trading, the shares were down 3.5%, as analysts noted that the company now faces the prospect of its first

A new substantial listed Australian food group will be created from a complex deal involving SPC, The Original Juice Co (ASX:OJC) and the local powdered milk operations of a Singapore-based group. In an announcement on Wednesday, The Original Juice Co (OJC) said it will acquire SPC Global and the powdered milk business owned by Nature

Two top ASX companies have revealed significant changes in their senior leadership — both of which set up candidates for the top job down the track. The Commonwealth Bank (ASX:CBA) and JB Hi-Fi (ASX:JBH) both named new senior executives just under the CEO position. The CBA said its changes were made ahead of impending retirements

The slipping pace of activity across the EU has already seen the European Central Bank cut rates twice this year. Now more cuts are on the cards after the flash inflation figure for September came in under the 2% target. The 1.8% annual reading was due to slipping activity and price pressures in Germany, Spain

There’s been CEO changes revealed at two mid-tier ASX companies, with some surprising links. KMD Brands (ASX:KMD) has named a new CEO in Brent Scrimshaw, who will replace Michael Daley. Meanwhile, Collins Foods (ASX:CKF) has naming former KMD Brands CEO Xavier Simone as its new boss. And, to add to the links, Michael Daley, the

The recent announcement by BHP (ASX:BHP) to temporarily suspend operations at its Nickel West facilities has raised concerns and speculations within the mining industry about the future of Nickel in Australia. However, this decision could present significant opportunities for Nico Resources’ Wingellina project. The shutdown of Nickel West is not necessarily detrimental to Nico Resources