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Donald Trump has denied claims he is seeking to harm Elon Musk’s business ventures as retaliation for their disagreements over US tax laws. The denial follows concerns that Trump might remove subsidies benefiting Musk’s companies. Trump stated on social media, “Everyone is stating that I will destroy Elon’s companies by taking away some, if not […]

Intel has provided a better-than-expected revenue forecast for the current period, providing some optimism to investors awaiting a turnaround under new chief executive Lip-Bu Tan. The company projects third-quarter sales of between $US12.6 billion and $US13.6 billion, according to a statement released on Thursday (Friday AEST). This figure surpasses the average analyst projection, which was

JPMorgan Chase & Co.’s trading desk anticipates the current rally in US equities to continue, despite concerns about inflated share prices and the resurgence of meme stocks. Andrew Tyler, the bank’s head of global market intelligence, noted that even bearish investors are capitulating, suggesting bullish sentiment is growing. JPMorgan Chase & Co. is a global

Alphabet’s recent earnings beat marks a significant milestone, adding to the company’s impressive growth since early 2023. During this period, Alphabet has increased its market value by over $US1 trillion and delivered returns of approximately 120 per cent to its investors. This surge has propelled CEO Sundar Pichai into the billionaire ranks. Alphabet Inc. is

Bank of Queensland (BOQ) has released its latest APRA Basel III Pillar 3 update, revealing a minor decrease in capital ratios despite a reduction in risk-weighted assets (RWA). As of May 31, the bank’s Common Equity Tier 1 (CET1) ratio stood at 10.80 per cent, a decrease of 7 basis points compared to February. This

Omnia Metals Group Ltd (ASX:OM1) has announced the completion of a 941-metre Slim Line Reverse Circulation (SLRC) drill program at its Salt Creek Project, located north-east of Kalgoorlie. Omnia Metals Group aims to become a leader in the exploration and development of future-facing commodities used in advanced technologies and essential to the global energy transition.

Autosports Group (ASX:ASG) has announced it will acquire the business and assets of Gulson Canberra, including Porsche Centre Canberra, for $13 million. The Gulson Canberra business, which includes Porsche, Fiat, Alfa Romeo, Leapmotor, Abarth and Jeep brands in Canberra, will be held by Autosports Leichhardt, a wholly owned subsidiary of Autosports Group. Autosports Group operates

Sandfire Resources has confirmed further high-grade copper intercepts at its Black Butte project in Montana, paving the way for a potential resource upgrade and bringing the project closer to development. The ASX-listed company announced the results from a 41-hole, 13,800-metre drilling campaign that demonstrated strong extensions to the Lower Copper Zone at the Johnny Lee

Pacgold (ASX:PGO) is continuing its diamond drilling program at the Alice River Gold Project in Queensland, furthering structural and metallurgical testwork. Pacgold is a junior mineral explorer focused on the Alice River Gold Project, situated at the northern end of the Northeast Queensland Minerals Province. The project includes 30km of prospective gold targets within 377km2