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As Americans prepare to start the summer driving season with the upcoming Memorial Day long weekend, there are more signs of a looming slowdown in US oil and gas production later in the year. Another nine oil and gas rigs were shut down in the US last week, taking the number closed in May so […]

Let’s start the new week with a couple quick stories we couldn’t fit into our bumper weekend edition, involving Fisher & Paykel Healthcare (ASX:FPH) and Ausgold (ASX:AUC). ………… New Zealand’s Fisher & Paykel Healthcare Corp (ASX:FPH) will reward shareholders with a tiny lift in the final and annual dividends despite reporting a 34% slide in

Stocks jumped on Friday as traders grew hopeful that lawmakers will reach a deal to raise the US debt ceiling, avoiding a potentially catastrophic default. Yesterday, US President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal to raise the federal government’s $3.4 trillion debt ceiling days ahead of a deadline to avert

Will Australian investors charge into the market this morning after news from the White House that it has struck a debt ceiling deal with the Republican Party in the US House of Representatives? The news came yesterday, Sydney time, but any surge based on this story could be aborted before it starts because the agreement

The US debt ceiling crisis will be front of mind this week with the deadline for the US government to run out of money now extended to June 5 from the previous deadline of June 1 and a deal apparently in the works. “We have come to an agreement in principle,” House of Representatives Republican

Despite the tentative debt ceiling deal in the US, there is a lot of argy bargy to come among Republicans in the US House of Representatives that could prove especially fertile ground for gold bulls this week. Default is still an option for financial markets if the agreement is not turned into legislation and passed

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australia economic events. Investment markets and key developments over the past week Global share markets fell over the last week as uncertainty about the US debt

Sayona Mining (ASX:SYA) has launched a $200 million raising through its broker Petra Capital, offering shares at 18 cents each, which is the same price it raised at a year ago. The move follows the successful production of lithium concentrate at Sayona’s North American Lithium project in Canada’s Quebec. At the closing bell, the S&P/ASX

Blaze Minerals (ASX:BLZ) has entered into a Heads of Agreement with Exiro Minerals to acquire 100% of the North Spirit Lithium Project located in Ontario, Canada. Corporate Director Mathew Walker stated, “[We] look forward to the execution of our northern hemisphere summer exploration program with our partners at Exiro.” Shares are trading 130 per cent

The most recent data from the Australian Bureau of Statistics reveals that Australia’s retail spending, which has been slowing down since the beginning of the year, remained stagnant in April. The figures indicate that there was no change in retail turnover compared to a 0.4 per cent increase in March and a 0.2 per cent