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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

Beacon Lighting (ASX:BLX) is not letting the 2022-23 performance slide hold it back from continuing its expansion program. The company states that it still intends to open an additional eight stores in this financial year to supplement its current 119-store portfolio. Some of these openings were postponed from the 2022-23 year. This determination remains in

At noon, the S&P/ASX 200 is 1.18 per cent lower at 7,110.30. Australia’s unemployment rate has risen to 3.7 per cent in July. The workforce experienced a reduction of approximately 15,000 individuals in employment, coupled with a rise of 36,000 individuals in the unemployed category. This resulted in an elevation of the unemployment rate to

Super Retail Group (ASX:SUL) has announced a special dividend of 25 cents per share alongside a final dividend of 44 cents, following the company’s report of increased sales and earnings for the year ending on July 1. SUL experienced a 7% surge in sales, reaching $3.8 billion, with a 9% increase when adjusted to account