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Oil prices remained relatively stable as the second half of the year began, as traders closely monitored factors affecting demand and the complex supply situation. Brent crude, the global benchmark, maintained its position above $75 per barrel, despite experiencing four consecutive quarterly losses, marking its longest downward trend in over 30 years. In 2021, oil […]

Lumos Diagnostics (ASX:LDX) has received FDA clearance for its FebriDx product, which can rapidly differentiate viral from bacterial infections at point of care. Doug Ward, CEO commented, “With this clearance in hand, we anticipate securing our first commercial orders in the US before the end of calendar year 2023.” Shares are trading 336.36 per cent

The US jobs data for June this Friday will give markets a good idea of the unusual first-half resilience of the American economy and labour market in the face of the spate of rate rises from the Federal Reserve. Despite numerous predictions, the US economy has not slumped like so many “gloomsters” had been predicting.

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