Now, it’s down to Apple next Thursday after Amazon’s solid third-quarter numbers failed to set its share price on fire, leaving the Nasdaq poised for another frustrating session on Friday to end a down week. Amazon lifted third-quarter revenue by 13% to $143.1 billion, more than tripled net earnings to $9.9 billion (helped by a […]
Amazon’s third quarter report adds to tech sector woes Read More »
A recently resolved strike at one of Newmont’s major mines has led to a reduction in its 2023 output guidance, impacting earnings, just as it prepares to merge with Newcrest Mining on November 6. The world’s largest gold miner has faced ongoing issues at a significant mine in Mexico, causing disruptions and financial setbacks. The
Newmont faces challenges ahead of Newcrest Mining merger Read More »
In the third quarter, US economic growth exceeded expectations, with a 4.9% annual rise, marking the strongest performance in nearly two years. This unexpected boost can be attributed to robust consumer spending in the face of rising interest rates, ongoing inflationary pressures, and various domestic and global challenges. The news led to a decrease in
Surprising US economic growth in Q3 outpaces forecasts Read More »
27 Oct 2023 – A snapshot of the stocks on the move, featuring Industrial Minerals (ASX:IND), Vital Metals (ASX:VML) and Chariot Corporation (ASX:CC9).
Stocks of the Hour: Industrial Minerals, Vital Metals, Chariot Corporation Read More »
Industrial Minerals (ASX:IND) has secured an exclusive option to acquire an 80% interest in the non-construction material mineral rights, at the Pippingarra Quarry Project near Port Hedland. In response, IND’s Managing Director Jeff Sweet commented, “In the event of an economic discovery, the granted mining lease and associated mining infrastructure provides the capacity to expedite
Stocks of the Hour: Industrial Minerals, Vital Metals, Chariot Corporation Read More »
Australia’s producer prices increased by 1.8% in September when compared to the previous quarter, and they rose by 3.8% over the past 12 months, according to the Australian Bureau of Statistics. This data shows a slight acceleration in quarterly price growth compared to the 0.5% rise in the June quarter, although the annual increase of
ASX up 0.27% at noon as Australia’s producer prices increase by 1.8% Read More »
The Nasdaq Composite dropped deeper into correction territory on Thursday as Meta became the latest tech company to offer a forecast that didn’t quite live up to investors’ expectations. The tech-heavy index lost 1.76 per cent, dropping below its 200-day moving average for the first time since March. The S&P 500 dipped 1.18 per cent
Meta’s forecast deepens Nasdaq into correction territory Read More »
27 Oct 2023 – The Nasdaq Composite dropped deeper into correction territory on Thursday as Meta became the latest tech company to offer a forecast that didn’t quite live up to investors’ expectations.
Meta’s forecast deepens Nasdaq into correction territory Read More »
Chile’s SQM is set to invest an additional $1.6 billion to expand its presence in the Australian lithium production and export sector through the acquisition of Azure Minerals (ASX:AZS). This move will bring SQM’s total planned and spent investments in the sector to well over $3 billion. Azure Minerals’ board has accepted SQM’s offer of
SQM invests $1.6 billion in Australian lithium Read More »
The Australian stock market reached its lowest point of the year, primarily driven by a substantial sell-off in technology stocks. At the closing bell, the S&P/ASX 200 was 0.61 per cent lower at 6,812.30. Futures The Dow Jones futures are pointing to a fall of 70 points. The S&P 500 futures are pointing to a
ASX closes 0.61% lower: Sell-off in Tech stocks Read More »
