Solid FY24 start for Westgold Resources
Westgold Resources (ASX:WGX) reported a strong start to the 2023-24 financial year, with production data for the three months ending in September.
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ASX up 0.08% at noon as Australia’s trade surplus expands
In August, Australia's trade surplus expanded to $9.6 billion, surpassing expectations, as exports increased by 4 percent, primarily led by gold, while imports declined by 0.4 percent, largely due to a decrease in industrial transport equipment.
Read MoreStocks of the Hour: Vintage Energy, Rumble Resources, QX Resources, Dimerix, BluGlass
A snapshot of the stocks on the move, featuring Vintage Energy (ASX:VEN), Rumble Resources (ASX:RTR), QX Resources (ASX:QXR), Dimerix (ASX:DXB) and BluGlass (ASX:BLG).
Read MoreExxon Mobil expects massive profit boost amidst soaring oil prices
In a filing with the US Securities and Exchange Commission ahead of its third-quarter report later this month, Exxon Mobil has signaled that oil companies, large and small around the world, will report significant profit gains due to a 30% jump in prices in the September quarter.
Read MoreNewcrest shareholders to receive $1.58 per share in Newmont takeover
Shareholders in Newcrest Mining (ASX:NCM) will receive a fully franked special dividend of US$1.10 ($A1.58) per share as part of the takeover deal with Newmont.
Read MoreGlobal lithium prices decline despite strong battery-powered vehicle sales
Despite ongoing record sales of battery-powered vehicles in China, the US, and Europe, lithium prices continue to slide globally due to falling prices and excess supply in China.
Read MoreOil prices dive on OPEC decision, dollar fluctuations, and inventory surprise
Despite a slight dip in the value of the US dollar, an OPEC vote to maintain its production cap, and an unusually bullish increase in US commercial oil stocks, global oil prices slumped sharply on Wednesday, hitting their lowest levels in a month.
Read MoreThe Dow breaks three-day losing streak: Oil prices drop by over $5
The Dow Jones Industrial Average broke a three-day losing streak Wednesday as Treasury yields pulled back from multi year highs following the release of much weaker-than-expected jobs data.
Read MoreFate of US markets rests on Moody’s
It's not an overstatement to say that the fate of US financial markets, especially bonds and equities, lies squarely in the hands of credit rating group Moody's, which remains the only one of the big three rating groups with a AAA rating for America's credit standing.
Read MoreRBNZ holds steady amid turmoil
Amid the turmoil on Wednesday, with a weakening Aussie dollar, a strong greenback, and weak gold, the Reserve Bank of NZ's decision to keep its official cash rate at 5.50% passed almost unnoticed.
Read MoreASX closes 0.8% lower to its lowest point in 11 months
The Australian sharemarket experienced its lowest point in 11 months, mirroring Wall Street's losses driven by concerns over rising interest rates following stronger-than-expected jobs data.
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US electric vehicle to soar past 1.4 million units
US electric vehicle sales are poised to hit a record-breaking 1.4 million units or more by December, following a remarkable surge in the first three quarters of 2023.
Read MoreFortescue invests in green hydrogen unicorn
Twiggy Forrest's Fortescue has confirmed its involvement as one of the lead investors in the US start-up Electric Hydrogen's Series C funding round.
Read MoreSeptember sell-off generates US$50 billion for short sellers
Short sellers who had bet against megacap technology stocks emerged as winners in September as a selloff in the sector unfolded.
Read MoreStocks of the Hour: Noxopharm, Redstone Resources, Lake Resources
A snapshot of the stocks on the move, featuring Noxopharm (ASX:NOX), Redstone Resources (ASX:RDS) and Lake Resources (ASX:LKE).
Read MoreASX down 0.68% at noon: RBNZ likely to hold rates
The S&P/ASX 200 is currently trading 0.68 per cent lower at 6,896.40. RBNZ expected to hold rates.
Read MoreStocks fall amid soaring Treasury Yields and recession concerns
Stocks tumbled on Tuesday as Treasury yields hit their highest levels since 2007, raising concern higher interest rates would freeze the housing market and tip the economy into a recession.
Read MoreUS 10-year bond yields reach 16-year high at 4.80%
On Tuesday, US 10-year bond yields surged to 4.80%, marking a new 16-year high. Investors, both large and small, were gripped by worry over rising interest rates, increasing inflation, and Federal Reserve actions, according to market reports.
Read MoreRBA’s Michelle Bullock steers steady course amidst economic uncertainty
Steady as Michelle Bullock took the reins as the new Governor at the Reserve Bank, judging by the statement from her first central bank monetary policy meeting on Tuesday.
Read MoreASX closes 1.3% lower to hit a six-month low
The Australian sharemarket hit a six-month low on Tuesday, driven by a US Treasury sell-off influenced by the US Federal Reserve's hawkish messaging, despite the Reserve Bank's decision to maintain the cash rate at 4.1%.
Read MoreRBA left cash rate at 4.1%, We think cash rate likely peaked, but 40% chance of one more hike
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate.
Read MoreDeveloping a vertically integrated lithium processing hub in Quebec
Alex Hanly, CEO of Lithium Universe Limited (ASX:LU7), provides an update on the company's projects, discussing progress towards developing the Quebec Lithium Processing Hub.
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ASX down 1.19% at noon: New housing approvals experience growth
In August, new housing approvals experienced a significant rebound, growing by 7 percent compared to a revised figure of -8.1 percent in July. This increase was primarily driven by a 6 percent rise in house approvals and an 8.8 percent increase in approvals for attached dwellings, following two months of double-digit declines. The volatile monthly data series contributed to this fluctuation.
Read MoreStocks of the Hour: ECS Botanics, Nimy Resources, Legacy Iron Ore
A snapshot of the stocks on the move, featuring ECS Botanics (ASX:ECS), Nimy Resources (ASX:NIM) and Legacy Iron Ore (ASX:LCY).
Read MoreAustralian home prices rose another 0.8% in September – tight supply versus high interest rates
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices.
Read MoreComputershare sells US mortgage servicing business for $720 million
Computershare (ASX:CXU) has concluded that the US mortgage servicing business is not the gold mine that the company once thought.
Read MoreAurora Energy Metals (ASX:1AE) – Webinar Presentation
Greg Cochran – Managing Director – Aurora Energy Metals (ASX:1AE) is focused on the exploration and development of its project in Oregon, USA. The project hosts a defined uranium resource and is prospective for lithium.
Read MoreNewmark Property REIT (ASX:NPR) discusses FY23 results
Chris Langford, Managing Director of Newmark Property REIT (ASX:NPR), discusses FY23 results and acquisitions.
Read MoreTesla predicts record 2023 sales despite Q3 delivery slowdown
Tesla is poised for another record-breaking sales performance in 2023, despite a noticeable slowdown in deliveries during the three months ending on September 30.
Read MoreGina Rinehart boosts stake in Liontown amid Kathleen Valley mine tensions
For the second time in a week, Gina Rinehart has increased her stake in the lithium mine developer, Liontown Resources (ASX:LTR), as her Hancock Prospecting company intensifies its scrutiny of the Kathleen Valley mine's construction in Western Australia, along with the project's escalating costs.
Read MoreThe Dow falls: Senate passes continuing resolution
The Dow Jones Industrial Average was lower Monday even after US legislators were able to come to a short-term agreement that staved off a government shutdown.
Read MoreDe Grey Mining’s successful $300 million capital raise for ambitious growth plans
De Grey Mining's (ASX:DEG) ambitious plans for a company-changing $300 million capital raising have been successful, with the would-be gold miner revealing that it had secured commitments for the full amount (before costs).
Read MoreGalileo Mining joins Chalice in exciting metal discovery in Western Australia
Galileo Mining (ASX:GAL) has joined Chalice Mining in outlining a new style of metal deposit in Western Australia, featuring areas of mineralisation with a significant presence of precious industrial metals such as palladium and platinum, along with gold, copper, and nickel.
Read MoreAppen’s earn-out payment shrinks: Mixed news for investors
The final payment for Appen's 2021 acquisition of Quadrant Global Pte Ltd is now expected to be lower than initially forecasted, impacting Appen's working capital facility.
Read MoreRisk of short-term correction, Falling core inflation in Europe & US, US shutdowns, China PMIs
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 Australian economic events.
Read MoreBeforepay Group (ASX:B4P) – Webinar Presentation
James Twiss – CEO – Beforepay Group (ASX:B4P) operates in the Pay on Demand industry, which has been experiencing rapid growth as customers seek a more flexible and transparent way to manage their personal finances.
Read MoreRespiri (ASX:RSH) – Webinar Presentation
Marjan Mikel – CEO – Respiri (ASX:RSH) offers the only remote patient monitoring program with remote wheeze detection for respiratory disorders as well as a broad number of serious chronic conditions.
Read MoreASX-listed Broncos eye premiership
The National Rugby League’s season wraps up this Sunday, with the Brisbane Broncos (ASX:BBL) having a good chance to become premiers for the first time in 17 years when they play Penrith in Sydney.
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