US stocks rallied on Friday after Federal Reserve Chair Jerome Powell hinted that interest rate cuts could be on the horizon. The Dow Jones Industrial Average climbed 462.30 points, or 1.14 per cent, to close at 41,175.08. The Nasdaq Composite rose 1.47 per cent, ending at 17,877.79, while the S&P 500 gained 1.15 per cent, […]
US stocks rally as Powell hints at possible rate cuts Read More »
Each week The Last Word will offer a review of the week’s events and their impact on the markets. Topics discussed include:US rate cutsThe Democratic conventionThe Fed’s annual conference at Jackson HoleBanks cutting fixed mortgage and term deposit ratesGold
The Last Word: Episode 6 Read More »
Warren Buffett’s Berkshire Hathaway has been engaged in one of its most significant portfolio shake-ups in years. The company has significantly reduced its holdings in several major companies, including Apple, Bank of America, and Snowflake. The most notable change is the near-halving of Berkshire’s stake in Apple. This decision, disclosed in the company’s June quarter
Berkshire’s shake-up Read More »
Inghams (ASX:ING), a major Australian chicken producer, experienced a significant share price drop on Friday despite reporting a substantial increase in full-year profits. While the reported results were slightly below market expectations, the market’s reaction seemed excessive. The company reported a net profit after tax of $101.5 million, up 68% year-on-year. However, this was below
Tim Oldham – CEO & Managing Director – AdAlta Limited (ASX:1AD) is a clinical-stage biotechnology company. The company’s lead asset, AD-214, is being developed for the treatment of idiopathic pulmonary fibrosis.
AdAlta (ASX:1AD) – Webinar Presentation Read More »
There’s still significant corporate activity in Australia’s coal industry, but most of the serious action is in thermal coal companies expanding into higher-value steelmaking coals. Whitehaven Coal and Yancoal Australia are prime examples of this trend. Whitehaven has recently acquired two high-quality hard coking coal mines in Queensland from BHP and quickly capitalised on this
Australia’s coal industry rides the wave of Chinese demand Read More »
Dr Ebbe Dommisse – CEO – Iondrive Limited (ASX:ION) is an emerging leader in battery recycling technology, with a focus on lithium batteries.
Iondrive (ASX:ION) – Webinar Presentation Read More »
Simon Madder – Managing Director & CEO, Chairman – Prime Financial Group Limited (ASX:PFG) is an advice, capital and asset management firm with team members around the globe.
Prime Financial Group (ASX:PFG) – Webinar Presentation Read More »
Gold producer Regis Resources (ASX:RRL) has announced a full-year loss, driven by previously disclosed hedging costs, losses, and recent impairments to its under-development McPhillamys project in central western NSW. This news follows the company’s decision to abandon the McPhillamys project, withdraw its reserve estimate, and terminate its involvement. Regis revealed a net loss of $186.02
Environmental ruling forces Regis to abandon project Read More »
ANZ Bank (ASX:ANZ) has faced further regulatory scrutiny from the Australian Prudential Regulation Authority (APRA), this time over its handling of information and transactions involving Commonwealth Government bonds. In a statement on Friday, APRA announced a significant increase in its capital overlay penalty on ANZ, raising it by 50% to $750 million. This decision was
ANZ slapped with $750 million APRA penalty Read More »
