Stocks of the Hour: Sunstone Metals, Select Harvests, True North Copper
A snapshot of the stocks on the move, featuring Sunstone Metals (ASX:STM), Select Harvests (ASX:SHV) and True North Copper (ASX:TNC).
Read MoreA snapshot of the stocks on the move, featuring Sunstone Metals (ASX:STM), Select Harvests (ASX:SHV) and True North Copper (ASX:TNC).
Read MoreIn Q4, Australian inflation slowed to 0.6%, falling below the market consensus of 0.8%, marking the fourth consecutive quarter of declining annual inflation, with the CPI dropping from 5.4% to 4.1% over the past 12 months.
Read MorePerth-based IGO (ASX:IGO) is grappling with severe damage inflicted on its businesses by plummeting nickel and lithium prices, as well as mining challenges at its acquired Cosmos mine in WA.
Read MoreIndonesia, the world's largest nickel producer, is making waves in the global nickel market, flooding it with an abundance of low-cost supplies. This surge in nickel production is forcing competitors to shutter unprofitable mines and is causing concerns in Western capitals about China's growing dominance over this strategically critical resource.
Read MoreWhen will the budget crack, and will all that silly spending on golf, soccer, and tennis be cut?
Read MoreThe chances of Elon Musk getting billions of dollars in shares to gain control of Tesla have suffered a significant setback. A judge in Delaware voided his extravagant $56 billion compensation package from the company.
Read MoreShares of China's biggest electric vehicle maker, BYD, fell more than 4% on Tuesday after its 2023 profit forecast indicated that it might face financial challenges similar to Tesla due to the intense price war.
Read MoreThe S&P 500 ended Tuesday near the flatline as Wall Street waits for the latest Federal Reserve decision on interest rates.
Read MoreNot so confident now in Hong Kong. After resisting the negative impact of Monday's news that China Evergrande had been put into liquidation with a rise of 0.8%, reality slammed into the market on Tuesday with a sharp fall in the Hang Seng index.
Read MoreThe Australian sharemarket extended its winning streak to seven sessions, with the S&P/ASX 200 index gaining 0.3% and reaching 7600.2 points at the close, nearing its previous record high from August 2021.
Read MoreIn 2023, Toyota Group achieved a historic sales record, boosted by its subsidiaries Hino Motors and Daihatsu Motor, as well as a surge in sales from its luxury Lexus business, reaching a total of 11.2 million vehicles sold. This marked a significant increase from the 10.7 million vehicles sold in 2022.
Read MoreUnlike Gold Road Resources (ASX:GOR), which surprised investors with a cut to its 2024 production guidance, Ramelius Resources (ASX:RMS) has increased its guidance for the year ending in June.
Read MoreNow, this will puzzle the Reserve Bank and all those 'rate rise looms' urgents still breathing in the markets and among the commentariat – as expected, retail sales in December fell after the Black Friday sales event boost in November. However, November was, in turn, weaker than first reported a month ago by the Australian Bureau of Statistics (ABS).
Read MoreA snapshot of the stocks on the move, featuring Loyal Lithium, Riversgold and Australian Rare Earths.
Read MoreRetail sales in December dropped by 2.7%, falling short of the expected 1.9% decline, indicating that consumers reduced their spending ahead of Christmas.
Read MoreA day after IGO (ASX:IGO) revealed a production cutback at the massive Greenbushes lithium mine in southwest WA and introduced a revised pricing structure to lower the effective selling price, one of its mine partners, the US giant Albemarle, reportedly laid off over 300 employees worldwide.
Read MoreThe S&P 500 rose Monday and headed for a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision.
Read MoreThe decision by Pandora, the world's largest jewelry maker, to stop using mined gold and silver won't significantly affect gold demand. However, it will certainly impact the latter. P
Read MoreAustralian sharemarket extended its winning streak for the sixth consecutive day, with the S&P/ASX 200 rising 0.3% to 7578.4 points, primarily driven by a 1.8% surge in energy stocks due to rising oil prices amid escalating tensions in the Middle East.
Read MoreJust as China was attempting to stabilise its fractured property sector, a Hong Kong court has dealt a blow by ordering the troubled developer, China Evergrande, to be wound up.
Read MoreIGO (ASX:IGO) has confirmed that the huge Greenbushes lithium mine will cut output because customers have not been buying as much as they did earlier in 2023.
Read MoreA snapshot of the stocks on the move, featuring Mako Gold (ASX:MKG), Cobre (ASX:CBE) and icetana (ASX:ICE).
Read MoreThe Australian sharemarket exhibited mixed performance, as gains in energy stocks driven by rising oil prices due to escalating Middle East tensions were offset by a 1.3% decline in tech stocks, reflecting disappointing earnings reports from US tech giants, including a significant drop in Tesla's shares.
Read MoreAutomotive parts retailer and wholesaler, Bapcor (ASX:BAP), might struggle to maintain its interim dividend at 10.5 cents a share if its weak update for the half-year to December turns out to be accurate.
Read MoreRetail giant Woolworths is anticipating a statutory loss for the six months ending December. The supermarket group informed the ASX on Monday of impairments totaling nearly $A1.7 billion in its New Zealand supermarkets business and the accounting treatment for its remaining 9.1% stake in the Endeavour booze and hotels spin-off.
Read MoreChina's securities regulator announces a complete suspension of restricted shares lending effective today (Monday), in response to the recent sharp decline in Chinese shares, particularly last Monday.
Read MoreThe S&P 500 closed slightly lower Friday, but clinched weekly gains as the latest economic data added to a positive picture of the economy.
Read MoreA year ago, expectations for the performance of the US economy in 2023 were uniformly negative: a slowdown or recession, a surge in jobless numbers, weak earnings, and worse were predicted.
Read MoreNetflix stunned; Tesla shocked. Now it's Alphabet, Amazon, Apple, Meta, and Microsoft's turn to perform for investors as the US earnings season reaches its climax in the next five days.
Read MoreWall Street capped off a successful week on Friday, marking its 12th winning week out of the last 13, as investors eagerly anticipated the Federal Reserve's upcoming decision and Chair Jay Powell's remarks. While the market closely watched the central bank, it was the quarterly reports from tech giants Apple, Microsoft, Amazon, Meta, and Alphabet that stole the spotlight, potentially overshadowing the Fed's impact.
Read MoreWill the Fed and five major quarterly results this week ruin the market tea party in the wake of yet another week of records on Wall Street, in Europe, and Japan?
Read MoreOil had a better week, iron ore bounced, copper rose, and coal eased as commodities steadied on hopes that China’s attempts to stop the economic rot would work.
Read MoreFortescue Metals' (ASX:FMG) troubled Iron Bridge export magnetite iron ore mine in WA's Pilbara continues to cause problems and is nowhere near planned capacity at this stage.
Read MoreShares in Domino's Pizza plunged by as much as 30% on Thursday morning after the company withdrew its guidance. This decision followed the revelation that sales in Asia, a major area of operations, were down by 8.9% in the six months leading up to December, compared to the same period in 2022.
Read MoreAustralian shares opened higher with a significant boost from iron ore miners BHP, Rio Tinto, and Fortescue, all of which saw gains exceeding 1 percent, driving up the overall market index.
Read MoreA snapshot of the stocks on the move, featuring EV Resources (ASX:EVR), Antilles Gold (ASX:AAU, OTCQB:ANTMF) and Respiri (ASX: RSH; OTCQB: RSHUF).
Read MoreFortescue Metals Group (ASX:FMG) revealed a small 1.4% fall in second-quarter iron ore shipments due to ongoing maintenance activities at some of its key projects in Western Australia’s Pilbara.
Read MoreThe results of a new round of drilling have prompted Westgold (ASX:WGX) to seriously consider expanding its Bluebird gold mine in the Meekatharra region of WA's northern goldfields.
Read MoreTesla's price cuts in China, the US, and Europe resulted in a 35% earnings slump in 2023, reducing profits to $8.89 billion, and impacting the company's operating margins.
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