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In the world of investing, Warren Buffett’s recent buying and selling activity has prompted discussions about his current investment strategy. After a four-month hiatus, Buffett’s Berkshire Hathaway has re-entered the market by acquiring over 4 million shares of Occidental Petroleum in the past week. Filings with the US Securities and Exchange Commission, disclosed last week, […]

Some analysts considered the unexpected 0.9% increase in Australian retail sales in September as an example of a ‘hot’ statistic, indicating that consumers had reawakened after a winter lull. This impression was reinforced by slight revisions to the July and August figures (now 0.2% from 0.2% and 0.6% from 0.5%, respectively). However, a closer examination

30 Oct 2023 – The ASX has reached a 12-month low due to investor concerns that the Israel-Hamas conflict may lead to a regional war.

Investors had a strong reaction yesterday to IGO’s (ASX:IGO) quarterly report, driven by concerns about the volatile outlook for lithium. IGO’s shares initially plunged by 11% in early trading, but by 11:30 am, the decline had reduced to just over 4%. This reaction was expected, given warnings from other lithium players like Pilbara Minerals about

The ASX has reached a 12-month low at midday on Monday due to investor concerns that the Israel-Hamas conflict may lead to a regional war, prompting a shift away from equities. Israeli forces launched ground operations against Hamas in Gaza on Sunday, as part of a second-phase effort led by Prime Minister Benjamin Netanyahu to

30 Oct 2023 – A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), TG Metals (ASX:TG6) and Tietto Minerals (ASX:TIE).

Tamboran Resources (ASX:TBN) have announced an operational update, in which results have demonstrated an over pressured regime, with a pore pressure gradient of at least 0.54 pounds per square inch (psi) per foot. In response, Managing Director and CEO, Joel Riddle, said, “the results provide confidence that the upcoming flow test of the SS-1H well

Australian retail sales exceeded expectations by rising 0.9% in September, compared to economists’ forecast of a 0.3% increase, following slower growth in August and July. The Reserve Bank of Australia will consider this sales data as it decides whether to raise the official cash rate. Despite the significant September increase, long-term retail turnover growth remains

Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory. The 30-stock Dow fell 366.71 points, or 1.12 per cent to close at 32,417.59. The S&P 500 slipped 0.48 per cent to finish the session at 4,117.37, closing 10.3 per cent

30 Oct 2023 – Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory.