Uncategorized

Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1983. The Dow Jones Industrial Average gained 285.18 points, or 0.84 per cent, to close at 34,407.60. The S&P 500 climbed 1.23 per cent to end […]

Apple has achieved a major milestone on Wall Street, becoming the first company to surpass a market value of US$3 trillion ($4.5 trillion). The tech giant’s remarkable rally has added over $983 billion to its size this year alone, solidifying its position well ahead of other companies. The stock gained 2.3% on Friday (Saturday AEST),

The Australian Energy Regulator (AER) has charged entities owned by AGL Energy (ASX:AGL) for failing to stabilise the grid as ordered, adding to a series of enforcement actions as pressure mounts to ensure power companies comply with market rules. According to the AER, AGL Macquarie Pty (AGLM) and AGL Loy Yang Marketing (AGLL), the trading

Australia’s east coast is treading a precarious path in meeting its domestic gas demand throughout 2024, with the grid relying on favourable weather conditions to stave off price spikes, according to the Australian Consumer and Competition Commission (ACCC). Despite being one of the world’s leading liquefied natural gas (LNG) exporters, the east coast is grappling

In a significant development for the mining industry, a potential wave of mergers and acquisitions is looming as mining majors seek avenues for growth. Duncan Wanblad, CEO of Anglo American, has cautioned that while M&A activity is likely, it should be approached cautiously to avoid repeating past mistakes. Wanblad highlighted the ex-growth status of many

West Australian miners have emerged as some of the best-performing companies on the ASX during the 2023 financial year, capitalising on the global demand for resources. The surging popularity of lithium has driven a wave of takeovers, soaring valuations, the rise of new billionaires, and significant share price leaps. Leading the pack is Liontown Resources

About a month ago, the Tanzania government signed contracts worth approximately $1 billion (USD$667 million) with three Australian companies to mine graphite and rare earths. The deal, which was signed with Evolution Energy Minerals (ASX:EV1), Ecograf (ASX:EGR) and Peak Rare Earths (ASX:PEK) , constitute a part of Tanzania’s endeavours to progress negotiations on mining and

With the global shift towards electric vehicles well and truly underway and power grids across the world relying on large battery banks to manage the intermittent nature of renewable energy sources, there has been and will continue to be an unprecedented demand for lithium to satisfy the insatiable appetite for batteries. As a result, much

The S&P/ASX 200 index increased by 0.1 per cent to reach 7203.30. Over the course of the week, it saw a rise of 1.5 per cent, and for the quarter, it recorded a 0.4 per cent increase. Futures The Dow Jones futures are pointing to a rise of 4 points.The S&P 500 futures are pointing