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China’s economy faces challenges: Weak data prompts central bank action

The weak final data dump for July from China’s National Bureau of Statistics easily explains why the country’s central bank popped up with a surprise rate cut, the second in three months on Tuesday. In short, the figures for retail sales, investment, and production confirm the economy has drifted towards a black hole that was […]

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ASX up 0.63% at noon as wage growth comes in lower than expected

The Australian dollar experienced a decrease in value following the release of second quarter wages data that fell short of expectations. This development strengthens the argument for the Reserve Bank of Australia to maintain current interest rates without making any adjustments. The Australian dollar was trading at 64.7 US cents, down from around 64.9 cents

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Stocks of the Hour: Lake Resources, Chimeric Therapeutics, Sunstone Metals

Lake Resources (ASX:LKE) completes an intermediate milestone to achieve DFS with successful extraction and injection tests at its flagship Kachi Project. In response, Lake CEO David Dickson said, “The tests represent a significant milestone for the Project, as they provide important data and higher confidence for our modelling, which is essential for the completion of

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Temple & Webster’s steady rebound following a challenging year

Temple & Webster (ASX:TPW), a standout during the pandemic’s online retailing surge, is now on the path to recovery after facing difficulties for most of the 2022-23 financial year. In the year leading up to June, revenue experienced a 7.2% decline, dropping from $426.3 million in the pandemic-fueled year of 2021-22 to $395.5 million. Consequently,

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