The Dow Jones Industrial Average closed higher overnight as traders digested better-than-expected corporate earnings. The Dow added 366.58 points, or 1.06 per cent, to close at 34,951.93. The Nasdaq Composite climbed 0.76 per cent to finish the session at 14,353.64, while the S&P 500 gained 0.71 per cent to end at 4,554.98. The Dow notched […]
Dow rises as corporate earnings exceed expectations Read More »
At the closing bell, the S&P/ASX 200 was 0.2 per cent lower at 7,283.80, marking the second consecutive day of losses. While banks saw some gains, the mining and real estate sectors faced selling pressure. Ansell (ASX:ANN), a prominent rubber gloves manufacturer, experienced a significant drop of 14% due to concerns about rising costs impacting
ASX closes 0.2% lower: Ansell shares tumble Read More »
Dr Shane Oliver, Chief Economist at AMP, discusses the impact of interest rates and alternatives for fighting inflation. Stephen Mackinder: We’re joined today by Dr Shane Oliver, who is Head of Investment Strategy and Chief Economist at AMP. Shane has been described as economist extraordinaire, commentator, educator, entertainer, optimist, and Beach Boys fan. Shane has
Are there ways to combat inflation other than by raising interest rates? Read More »
18 Jul 2023 – A snapshot of the stocks on the move, featuring ABx Group (ASX:ABX), Lumos Diagnostics (ASX:LDX) and OD6 Metals (ASX:OD6).
Stocks of the Hour: ABx Group, Lumos Diagnostics, OD6 Metals Read More »
The recent surge in profits for some of the largest banks in the US may have temporarily overshadowed the banking crisis earlier this year. However, as regional banks prepare to report their earnings this week, reminders of the challenging landscape are emerging and could steal the spotlight. On Friday, JPMorgan Chase and Wells Fargo announced
US big banks’ earnings deliver grim news for smaller banks Read More »
The Reserve Bank released minutes from its July 6 policy meeting, indicating the possibility of further rate increases depending on upcoming data, including inflation figures to be reported on July 26. The bank emphasised the need to bring inflation back to target but acknowledged the time required for the economy and labour market to adjust
ASX down 0.47% at noon as RBA indicates further rate hikes are possible Read More »
ABx Group (ASX:ABX) announced that their REE Mineral Resource increased by 30% to 27 million tonnes. MD and CEO Mark Cooksey said in response, “Our northernmost discovery hole, located 5km NE of Deep Leads, could become our best prospect because it is 11 metres thick and enriched in permanent magnet rare earths, especially Dy and
Stocks of the Hour: ABx Group, Lumos Diagnostics, OD6 Metals Read More »
The shale industry is witnessing a rapid decline in rig count, reminiscent of the height of the Covid-19 pandemic, despite favourable oil prices. This downturn tells a story of contrasting fortunes between the haves and the have-nots. Private companies, which raced to add rigs as the pandemic waned, have now depleted many of their most
Shale rig count plummets amidst strong oil prices: A tale of contrasting fortunes Read More »
18 Jul 2023 – Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world.
Stocks brace for earnings reports from global giants this week Read More »
Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world. This includes reports financial institutions, such as Bank of America, Morgan Stanley and Goldman Sachs. Results are also due from United Airlines, Las Vegas Sands and technology giants Tesla and Netflix. Overall, the Dow Jones
Stocks brace for earnings reports from global giants this week Read More »
