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On Thursday in the US, a bullish mix of strong economic data on building starts, industrial production, unemployment claims, and Walmart’s latest quarterly sales and earnings report unfolded. The impact was felt across various sectors, leading to rises in US bond yields and concerns about economic growth and inflation. Notably, Walmart’s impressive performance drove increased […]

For the second time in three months, Evolution Mining (ASX:EVN) has expanded the mineral resource size at its Ernest Henry copper and gold mine in northern Queensland, now exceeding 100 million tonnes of ore containing valuable copper and gold. Released on Thursday, alongside the company’s 2022-23 financial results and annual report, the upgrade garnered overshadowed

ESG developments have taken center stage this week, with significant events shaping the landscape of climate action, corporate responsibility, and market performance. Chart of the Week: Thematic Sectors Reflect a Year of IRA Passage A year has passed since the Inflation Reduction Act (IRA) was signed into law by President Biden, igniting discussions about its

Stocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data. The Dow Jones Industrial Average dropped 290.91 points, or 0.84 per cent, to close at 34,474.83. It was the first time the 30-stock Dow closed below the 50-day moving average since June 1, a potential warning

In recent developments within the lithium market, East Asian and global prices have witnessed a downward trend, driven by weak buying appetite, sluggish demand, and a subdued summer market. Market participants have reported subdued activity in China’s domestic spot market over the past week, with limited interest in spot materials as consumers predominantly rely on

The July jobs data, revealing a surge in unemployment and a decline in new job creation, is poised to be seized upon by market observers with a penchant for interpreting every hint of weak data as a precursor to recession. Undoubtedly, some of these individuals will employ the July jobs report as evidence of an

Cauldron Energy (ASX:CXU), a prominent player in the minerals exploration sector, has ushered in a new phase of exploration by announcing the commencement of an Electromagnetic (EM) Survey in the Melrose Project area. This ambitious endeavor, undertaken in partnership with UTS Geophysics, is set to unravel the potential mineral wealth concealed beneath the surface, aiming

On Thursday, China’s economic concerns and the surge in US bond yields triggered a slide in markets across Asia, pushing some to their lowest points in nine months. The ongoing decline of Wall Street and the significant increase in US bond yields collided with escalating worries about China’s economy, its struggling real estate sector, and

At the closing bell, the S&P/ASX 200 was 0.68 per cent lower at 7,146.00. This decline was in line with a subdued sentiment in Asian markets due to apprehensions about China’s deteriorating economy and a less-than-adequate reaction from Beijing. The primary index was mainly dragged down by the industrials and healthcare sectors. On a positive