In a bid to challenge Twitter’s dominance in the social media sphere, Meta Platforms is gearing up to release a new microblogging app called Threads. This move comes on the heels of Twitter owner Elon Musk’s announcement of stricter post visibility rules, sparking discussions of a potential rivalry between the two tech giants. Industry experts […]
Meta to challenge Twitter Read More »
04 Jul 2023 – A snapshot of the stocks on the move, featuring DroneShield, Nickel X and QX Resources.
Stocks of the Hour: DroneShield, Nickel X, QX Resources Read More »
DroneShield (ASX:DRO) has been awarded a contract by a Five Eyes Department of Defence. This is a follow-on two-year R&D contract with a total value of $9.9 million. Oleg Vornik, DroneShield’s CEO, commented, “DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer.” Shares are trading 17.78 per cent
Stocks of the Hour: DroneShield, Nickel X, QX Resources Read More »
At noon, the S&P/ASX 200 is 0.06 per cent higher at 7,250.60, ahead of the RBA’s interest rate decision at 2:30 PM. Economists are divided on whether there will be a rate change, with some expecting another 25 basis point hike while others anticipate no change. Market pricing suggests a 30% chance of a rate
ASX up 0.06 per cent at noon ahead of the RBAs rate decision Read More »
04 Jul 2023 – Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street.
Morning Report: Stocks begin second half of 2023 with modest gains Read More »
Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street. The Dow Jones Industrial Average added 10.87 points, or 0.03 per cent, to finish at 34,418.47. The S&P 500 climbed 0.12 per cent to end at 4,455.59, while the Nasdaq Composite
Morning Report: Stocks begin second half of 2023 with modest gains Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:The Australian home price rebound continued in June with CoreLogic data showing national average home prices up 1.1%, their fourth rise in a row. They are now up 3.4% from their February low.Sydney continues to lead the charge with
Supported by positive sentiment from Wall Street, the S&P/ASX 200 closed 0.59 per cent higher at 7,246.10, with the benchmark index gaining 0.3% and nine out of 11 sectors experiencing gains. Additionally, trading was influenced by a seasonal trade strategy where investors sell winners from the previous year and purchase last year’s losers on the
ASX rises 0.59% on FY24s first day, driven by seasonal trade strategy Read More »
The renewables boom marches onwards and will really come into its own over the next couple of years. By 2025, the export earnings from key battery and renewable commodities are expected to surpass those from thermal coal, according to the Department of Industry, the federal government’s key forecaster. Minerals such as lithium and copper are
Aus renewable exports to outshine coal Read More »
Pilbara Minerals (ASX:PLS), an Australian lithium producer, and Calix (ASX:CXL), an Australian environmental technology company, have released an update on the development of their joint venture mid-stream demonstration plant. The plant, aimed at showcasing the calcination technology for spodumene processing, has made significant progress in the detailed front-end engineering and design (FEED) phase. The final
Pilbara Minerals provides update on spodumene processing plant Read More »
