October 2024

Stocks faced challenges on Monday as rising oil prices and increased Treasury yields dampened market sentiment. The Dow Jones Industrial Average fell 398.51 points, or 0.94 per cent, to close at 41,954.24. The S&P 500 decreased by 0.96 per cent, settling at 5,695.94, while the Nasdaq Composite dropped 1.18 per cent to finish at 17,923.90. […]

Crude oil prices jumped again on Friday, bringing the weekly gain to around 8%. Oil has been pushed higher due to the intensifying conflict in the Middle East following Iran’s response to Israeli attacks. Energy stocks have surged alongside the rally in oil prices, with the S&P 500 energy sector up 7%. This marks the

With Rio seemingly pursuing Arcadium, Australia’s largest investor, AustralianSuper, has moved to boost its shareholding in Pilbara Minerals. AustralianSuper has increased its already substantial stake in one of the country’s best-performing (and surviving) lithium miners, Pilbara Minerals, over the past three months. The fund spent $64 million buying 32 million shares, raising its stake to

Rio Tinto (ASX:RIO) wants to acquire the US-Australian-Argentinian lithium group Arcadium in a deal that could ignite consolidation across the struggling industry. Media reports indicate that Rio has been in talks to buy the lithium miner Arcadium, a move that would make Rio the third-largest producer of the electric vehicle battery metal. The price is

China has not made any gold purchases for the fifth consecutive month, as the surge in gold prices to new record highs has kept the world’s largest investor on the sidelines. Figures released Monday regarding China’s foreign reserves for September showed that gold reserves remained unchanged for the fifth month in a row at 72.8

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets mostly fell over the last week as the war in the

One of Warren Buffett’s smartest plays has been to make bond issues in the Japanese yen market and then effectively hedge those proceeds by investing in the shares of the country’s five major trading houses — Mitsubishi, Mitsui, Itochu, Sumitomo and Marubeni. It is how Berkshire Hathaway has built substantial minority shareholdings in the five

Oliver Davies – Managing Director – Sky Metals Limited (ASX:SKY) owns 100% of the Tallebung Project in New South Wales and is committed to adding value through the application of modern exploration techniques at this high-quality tin project.

Peter Christie – Chairman & CEO – ActivePort Group Limited (ASX:ATV) delivers software-defined networking solutions, tailored to the global telecommunications and IT sectors.

Silviu Itescu – Managing Director & CEO – Mesoblast Limited (ASX:MSB) is developing innovative allogeneic cellular medicines to treat complex inflammatory diseases. The company’s portfolio of Phase 3 product candidates includes therapies for acute graft versus host disease, chronic heart failure and chronic low back pain.