November 17, 2024

Global markets experienced a mixed bag on Friday with Wall Street closing lower as investors digested the latest economic data and anticipated Federal Reserve policy decisions. The Dow Jones Industrial Average fell 0.7%, the S&P 500 declined by 1.3%, and the Nasdaq Composite dropped 2.2%. Key indicators show a significant fall in commodity prices. Iron […]

Bitcoin has soared past the US$90,000 mark, driven by a combination of political and economic factors following Donald Trump’s presidential election win on 5 November. The cryptocurrency reached an all-time high of $93,300 on 13 November. It’s currently trading at US$89,294.03 as of the time of writing. The rally has been accompanied by an influx

FleetPartners Group (ASX:FPR) has reported a year of robust growth for the financial year ending 30 September 2024. The company, a prominent fleet management and vehicle leasing company operating in Australia and New Zealand, serves both corporate and small fleet customers across the region, and has highlighted several milestones in its latest annual report. FleetPartners

Elders (ASX:ELD) has announced its financial results for the year ended 30 September 2024. It reported a challenging year marked by fluctuating market conditions and subdued client sentiment, particularly in the first quarter. The company is a leading agribusiness servicing rural and regional Australia, providing agricultural products, services, and advice. Revenue declined by 6% to $3.13bn, while

Melbourne-based Clinuvel Pharmaceuticals (ASX:CUV) has announced a strategic shift to focus on three core clinical programs while pausing others. This decision aims to accelerate regulatory and commercial milestones for the company, Clinuvel is an Australian biopharmaceutical specialising in treatments for rare genetic, metabolic and systemic disorders. The company is known for its expertise in photomedicine,

Kent Masters, the CEO of Albermarle, the world’s largest lithium producer, has voiced concerns that pivoting away from China for critical mineral supply chains in North America and Europe is economically unfeasible under current market conditions. “We were trying to pivot to the West… the prices we see in the market don’t really allow us

Warner Bros Discovery has reached a settlement with the NBA, resolving a legal dispute over TV rights and securing an 11-year agreement to retain its presence in professional basketball, albeit with reduced domestic broadcasting privileges. The new deal allows Warner Bros Discovery to feature NBA content on its Bleacher Report and House of Highlights platforms