Economics

Federal Reserve officials will get a fresh look at their preferred inflation gauge on Friday, a data point that could influence the September rate decision, even as their focus appears to be shifting elsewhere.

Despite continuing high interest rates, the US economy was stronger than previously expected, with the second estimate of June quarter economic growth being upgraded to a robust 3% from 2.8% a month ago.

Thursday saw Warren Buffett’s Berkshire Hathaway finally end a trading session with a market value of one trillion dollars.

Trump Media shares continue to track Donald Trump's downward move in opinion polls – which is making him poorer by the day as they hit a succession of new lows this week.

This year’s rally in gold prices has demonstrated that the precious metal is no longer strictly tied to the interest rate cycle. However, that doesn't mean lower rates won't have an impact; discussions at last week’s Jackson Hole symposium in Wyoming about potential rate cuts could give gold an additional boost.

Gold traded down and then rebounded to close at its second record high on Tuesday.

Seemingly unnoticed by the bears, particularly in Australia, iron ore prices surged on Monday, regaining the $US100 per tonne level on the SGX trading platform in Singapore.

ExxonMobil has projected that global oil demand will remain above 100 million barrels per day by 2050, suggesting the global energy transition will not sufficiently reduce reliance on fossil fuels.

Mining executives are urging caution as forecasts suggest the industry may be on the brink of a mergers and acquisitions (M&A) boom. They warn against repeating the costly mistakes of the past, such as the disastrous acquisition made by Rio Tinto's (ASX:RIO) former CEO, Tom Albanese.

Nvidia is set to report on Wednesday that its quarterly sales have more than doubled, even as year-over-year growth begins to decelerate. This makes it one of the most closely watched earnings reports on Wall Street.

Kazatomprom, the world’s largest uranium producer, has significantly lowered its production target for 2025 due to project delays and shortages of sulphuric acid, raising concerns about a potential supply crunch for the crucial fuel used in nuclear power.

Oil had a one-day spurt on Friday following the interest rate remarks by Fed Chair Jay Powell, but the gain couldn't offset the losses from the previous four sessions.

Twenty-two days of speculation, conjecture, rumour, and outright nonsense lie ahead for global financial markets after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts.

Another big week ahead for markets to chew over, although there’s nothing to match both the buildup and the content of Fed Chair Jay Powell's comments on Friday that changed the interest rate outlook and pushed markets into the boom zone.

Amid the striking scenery of the Teton mountain range, a seemingly improbable outcome appeared within reach for the top central bankers who had gathered in Wyoming for the Jackson Hole symposium. After enduring the worst inflation shock in four decades, attendees at the Kansas City Federal Reserve’s annual conference expressed optimism that they were nearing a "soft landing" for the global economy, defying the odds.

Global coffee prices have skyrocketed to record levels due to adverse weather conditions disrupting crops, leading to higher costs for consumers and prompting roasters to mix in more lower-cost beans.

Gold prices surged on Friday following two days of losses, as the dollar and Treasury yields fell sharply after Federal Reserve Chair Jerome Powell confirmed market expectations that the central bank is ready to begin cutting interest rates. This led to a decline in the dollar and bond yields, while Comex gold for December delivery rose by US$32 to US$2,548.70 per ounce, approaching Tuesday's record close of US$2,550.60 per ounce.

How much is left in Nvidia’s share price with the June quarter results due midweek?

The miserable June quarter, half-year, or full year for local and global lithium players will end this week with major reports from Australia and China.

Those all-time highs from July are much closer now after Fed Chair Jay Powell shifted the idea of a rate cut from speculation to almost a certainty at the central bank’s September meeting.

Warren Buffett's Berkshire Hathaway has been engaged in one of its most significant portfolio shake-ups in years. The company has significantly reduced its holdings in several major companies, including Apple, Bank of America, and Snowflake.

There's still significant corporate activity in Australia's coal industry, but most of the serious action is in thermal coal companies expanding into higher-value steelmaking coals. Whitehaven Coal and Yancoal Australia are prime examples of this trend.

Fast-fashion giant Shein has filed a lawsuit against its rival, Temu, alleging copyright infringement, trademark infringement, and fraud.

The most significant event this Spring might not be the US election, a conflict in the Middle East, or even the World Series. For many Americans, it will be the first reduction in US interest rates in over four years.

The U.S. dollar hit its lowest point of the year on Tuesday as investors anticipated that the Federal Reserve would soon begin lowering interest rates and the market turbulence from August's sell-off subsided.

Elon Musk might be crowned the world’s richest person, but according to the Wall Street Journal, he’s earned another, less flattering title: the worst dealmaker in US markets since the Global Financial Crisis.

Unlike the glum news from Dexus, the office tower and industrial property group, Vicinity Centres, the shopping centre group, was all upbeat on Tuesday about a big new centre deal in WA. However, the company was more circumspect about the 2023-24 results and a lower payout to investors.