October 10, 2024

US stocks declined on Thursday, with the S&P 500 and Dow Jones Industrial Average retreating from record highs amid signs of persistent inflation. The broad market index slipped 0.21 per cent to close at 5,780.05, while the Dow dropped 57.88 points, or 0.14 per cent, finishing at 42,454.12. The Nasdaq Composite fell 0.05 per cent […]

As usual, Wall Street got itself into a bit of a tizzy when the September Consumer Price Index came in slightly higher than forecast and the latest initial unemployment claims rose to a 14-month high. Some reports attempted to infer that the increase in first-time claims indicated a weakening labor market, but that interpretation was

Canadian-owned TD Bank has become the largest US bank to face a money laundering fine from US regulators. TD Bank, the 10th largest bank in the US, will pay a record $3 billion fine for what regulators described as the financial group’s lax practices, which allowed significant money laundering over a nine-year period. The US-based

Second time lucky for the China bulls? Another stimulus attempt from the Chinese government could be in the offing. The government has slotted a media conference for Saturday for the country’s finance minister Lan Fo’An and advisers for Beijing at midday, Sydney time. The news saw an immediate positive impact on share markets in Hong

Cobar copper miner Metals Acquisition (ASX:MAC) raised a little more than it planned in Wednesday’s placement. It was looking for around $140m. But MAC told the ASX on Thursday it in fact had raised $150m before costs (around US$103m instead of the original US$96m). The issue was made at a price of $18 a CDI

WA Gold miner Regis Resources (ASX:RRL) has joined what could be a growing trend – a weakness in output in the three months to September mitigated by record high prices for the metal. It’s only three so far – one in Africa (Far West African Resources) and two here, including Capricorn Metals (ASX:CMM) earlier in

Companies discussed include: Cooper Energy (ASX:COE)HMC Capital (ASX:HMC)Exxon Mobil Corp (NYSE:XOM)

Australian shares climbed alongside Wall Street, fueled by expectations of further US interest rate cuts. Miners also gained ground, buoyed by hopes for additional stimulus from China. At 11:35am, the S&P/ASX 200 is 0.53 per cent higher at 8,230.90. Out of the 11 sectors, eight posted gains, with materials and financials leading the way. The

To register for Friday’s webinar click here. Artemis Resources Limited (ASX:ARV) is pleased to announce ground reconnaissance at the Titan prospect in the West Pilbara region of WA continues to deliver high grade gold and silver from assays, highlighting the emergence of a broad mineralised area over the prospect. Shares are trading 15.38 per cent