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China manufacturing data slows: ASX flat at noon

In June, Chinese manufacturing activity contracted for the third consecutive month, as indicated by an official factory survey. This decline in manufacturing activity reflects a slowdown in China’s economy. Additionally, the value of the onshore yuan, China’s currency, reached its lowest level since November, trading at 7.2615 yuan per dollar. Chinese authorities have taken measures

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Stocks of the Hour: Blue Star Helium, Magnis Energy Technologies, Downer EDI

Blue Star Helium (ASX:BNL, OTCQB:BSNLF) has entered into an agreement with IACX Energy. Under the agreement, IACX will supply and operate a helium plant for the provision of helium recovery services. Blue Star will pay a monthly fee. MD and CEO Trent Spry commented: “As well as delivering significant de-risking benefits in terms of upfront

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Fed’s annual stress test boosts Dow: ASX to open higher

The Dow Jones Industrial Average rose on Thursday as big bank names gained after passing the Federal Reserve’s annual stress test, and a revised upward GDP print alleviated some recession fears on Wall Street. A slate of positive economic data signalled economic resilience despite looming recession fears. That included a large upward revision in first-quarter

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Apple nears $3 trillion valuation

Apple approached the elusive $3 trillion valuation mark on Wednesday, benefiting from positive sentiment surrounding tech stocks and optimism about artificial intelligence. However, the stock couldn’t sustain the rise and closed at $189.25, putting its market value at $2.98 trillion. As the end of the June quarter and half-year approached, some analysts speculated about a

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Goldman Sachs Slips from M&A throne

Goldman Sachs Group has experienced a significant shift in its ranking as the leading mergers and acquisitions adviser globally. For the first time in five years, Goldman Sachs has lost its top position to JPMorgan Chase & Co. According to Bloomberg data, JPMorgan now holds the coveted No. 1 spot, boasting a 22.5% market share

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