US consumer inflation slows in November
As expected, the improvement in US consumer inflation slowed in November, with the annual rate dipping to 3.1% from 3.2% after a 0.1% rise in the month.
Read MoreAs expected, the improvement in US consumer inflation slowed in November, with the annual rate dipping to 3.1% from 3.2% after a 0.1% rise in the month.
Read MoreRio Tinto has named Elias Scafidas as the new managing director of its battery materials division, effective early 2024, succeeding Marnie Finlayson, who recently concluded her tenure and is on extended leave.
Read MoreThe Australian sharemarket gained 0.5% as interest rate sensitive stocks rose ahead of the release of US inflation data.
Read MoreA snapshot of the stocks on the move, featuring Midas Minerals (ASX:MM1), Riversgold (ASX:RGL) and Lithium Australia (ASX:LIT).
Read MoreReserve Bank governor Michele Bullock dismissed the notion that Australia lags behind in addressing inflation concerns, emphasising their efforts to slow the economy and bring inflation within the target range.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses themes for 2023 and possible themes for 2024.
Read MoreResMed (ASX:RMD) announced on Tuesday that the US Patent Trial and Appeals Board has dismissed claims filed by New York University (NYU) related to the company's patents.
Read MoreNewmont (ASX:NEM) is currently digesting Newcrest Mining after completing the largest-ever gold mining takeover. Decisions regarding asset retention, potential resale, or immediate sale are pending.
Read MoreAustralia, home to the world's largest uranium resource, finds itself at a crossroads as it grapples with the question of whether to be a lifter or a leaner in the global pursuit of decarbonisation and energy security.
Read MoreThe S&P 500 climbed on Monday as investors tried to continue Wall Street’s year-end momentum.
Read MoreJust a week ago, gold futures were soaring at $2,150 per ounce. However, by Monday's close, they had plummeted to under $2,000, with further declines anticipated ahead of crucial inflation data and the Federal Reserve's statement and rate decision on Thursday.
Read MoreIn a significant development, new data indicates that patients who underwent treatment with Eli Lilly's groundbreaking weight loss drug, Zepbound, faced weight regain after discontinuing the medication for a year.
Read MoreJudging by the earnings downgrade issued by Costa Group (ASX:CGC) yesterday, its US suitor, Paine Schwartz, might have been considering another cut to its offer price, in addition to the one inflicted in September.
Read MoreWoodside Energy (ASX:WDS) and Santos (ASX:STO) have officially confirmed media reports that both companies are engaged in preliminary discussions regarding a possible merger.
Read MoreThe Australian sharemarket saw minimal gains as metals and oil stocks fluctuated throughout the day, with the S&P/ASX 200 closing just 4.1 points higher at 7199. Mining stocks, particularly gold miners, suffered a 0.6% decline due to a drop in the price of gold, influenced by strong US jobs data.
Read MoreAustralia's stock market saw an increase in midday trading driven by several merger and acquisition deals and a rise in energy sector stocks.
Read MoreAccording to US media reports, Arkhouse Management and Brigade Capital have recently submitted a proposal to acquire the chain for $21 per share, compared to Friday's closing price of $17.39.
Read MoreEven hard-nosed billionaires can yield to minority shareholders in takeover situations, as seen last Monday.
Read MoreA snapshot of the stocks on the move, featuring Grand Gulf Energy, WhiteHawk, MetalsGrove Mining.
Read MoreDr 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 Australian economic events.
Read MorePrivate-owned Chemist Warehouse is set to become an ASX 200 top company through its backward takeover of Sigma Healthcare (ASX:SIG), creating a company valued at an estimated $8.8 billion.
Read MoreThe possible sale of major US independent energy group Endeavor Energy Partners provides a timely yardstick for the pricing of the potential takeover of Santos by Woodside Energy.
Read MoreThe S&P 500 rose on Friday to hit a new high for the year after the November jobs report and University of Michigan consumer survey data signalled a resilient economy and cooling inflation, fuelling hopes for a so-called soft landing scenario.
Read MoreDeepening deflation has tightened its grip on the entire Chinese economy, underscoring the urgency behind the Chinese Communist Party and President Xi Jinping's recent emphasis on increasing government "fiscal stimulus."
Read MoreIt's going to be a nervy half-week ahead for Wall Street, with a rare twin sentiment tester to contend with: a monthly consumer inflation report and then a Fed meeting, complete with new forecasts.
Read MoreWhile gold slid, and oil again notched up a losing week, iron ore continued its charge higher, and thermal coal prices had their strongest week in months – both of which should be good news for Australian resource companies.
Read MoreLast Monday, despite reaching all-time highs in Asian markets, gold prices finished the week down more than 3.3%, closing at approximately $2,004 an ounce for the Comex front month and $2,020 for the continuous contract close.
Read MoreCristian Moreno – Managing Director – Torque Metals (ASX:TOR) focuses on gold, copper and silver in well-established mineral provinces throughout Australia. The company has a proven discovery methodology combining drilling results with machine learning algorithms and geological interpretation.
Read MoreDonald Garner – Managing Director – Starting with the company's gold and base metal projects in Queensland, the vision of Iltani Resources (ASX:ILT) is to build a mining business with a fundamentals-driven bias to the raw materials and metals the world needs to realise a clean energy future.
Read MoreTrevor Matthews – Non-Executive Director – Resource Mining Corporation (ASX:RMI) is advancing a portfolio of prospective exploration projects focused on the definition of battery minerals in leading mining jurisdictions. The company has six prospective nickel projects in Tanzania and is currently exploring the Liparamba nickel project.
Read MoreJonathon Trewartha – CEO – Lincoln Minerals (ASX:LML) is focused on the development of the Kookaburra Gully Graphite Project, located on the Eyre Peninsula in South Australia.
Read MoreStealth Global Holdings reports record FY23 results, driven by efficient consolidation, organic growth, and prudent financial management. CEO Mike Arnold reveals plans for further expansion, M&A, and a commitment to dividends in FY24.
Read MoreIn a week filled with notable developments and market fluctuations, the Australian Securities Exchange (ASX) and global financial markets experienced significant shifts driven by various overarching themes. Here's a comprehensive breakdown of the key events and their impact on different sectors and stocks during the period from Monday, December 4th, to Thursday, December 7th.
Read MoreUtilities weighed down the sharemarket, countering a strong Wall Street session driven by a tech rally shortly after Friday's trading began. Among the benchmark's 11 sectors, only miners and energy showed gains, while communications, financials, and discretionary sectors experienced significant declines.
Read MoreA snapshot of the stocks on the move, featuring Lincoln Minerals (ASX:LML), OncoSil Medical (ASX:OSL) and Avira Resources (ASX:AVW).
Read MoreThe S&P 500 closed higher Thursday, attempting to snap a three-day losing streak as traders looked ahead to Friday’s all-important jobs report.
Read MoreIt has been a bustling end to 2023 for Rio Tinto (ASX:RIO). A new iron ore mine in the Pilbara, confirmation of progress on a significant iron ore mine in Guinea, and finally, the long-awaited advancement in their Winu copper/gold and silver prospect towards the mining stage.
Read MoreThe electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their strategies amidst a slowdown in growth. Factors ranging from rising interest rates to evolving EV technology and consumer preferences are being cited as reasons behind the shift in momentum.
Read MoreChina's latest set of weak trade figures on Thursday has heightened concerns about the strength of economic activity and the potential for further slowdown in 2024. However, iron ore prices have reached their highest level in Singapore in over a year, nearing $US134 per tonne (or more than $A200 per tonne). New data reveals a surge in iron ore imports into China, heading towards a new annual high with one month remaining.
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