US weekly wrap: Dow hits historic high, Nvidia earnings awaited
The Dow starts this week on new ground after the record close on Friday left the best-known US market index above the 40,000 level for the first time in history.
Read MoreThe Dow starts this week on new ground after the record close on Friday left the best-known US market index above the 40,000 level for the first time in history.
Read MoreA big week for commodities—one of the biggest in months—with metals surging and oil ticking a touch higher for a smorgasbord of factors, from Gaza and Ukraine to Chinese property issues, along with expectations of interest rate cuts in the US, Europe, and Australia.
Read MoreRate cuts, mood changes, and volatile commodity prices—especially copper and gold—are on the agenda alongside the release of central bank board meeting minutes from the Fed and the Reserve Bank, early results of the May survey of business activity in major economies, and 17 speeches or public appearances by senior Fed members in the US over the next five days. However, amidst this busy business schedule, the most significant event of the week remains the quarterly financial report for the first quarter.
Read MoreGary Phillips – CEO – Syntara (ASX:SNT) is a clinical-stage drug development company working to bring new and life-changing treatments to patients in need. The company has ongoing trials in myelofibrosis, myelodysplastic syndrome, scar prevention, modifcation of existing scars, isolated REM sleep behaviours disorder and Parkinson's Disease.
Read MoreAdrian Floate – Managing & Executive Director – Spenda Limited (ASX:SPX) is an integrated payments and lending platform supplying industries with a broad range of B2B payment services, digital trading software and integrated solutions.
Read MoreGlenn Corrie – CEO & Managing Director – Hazer Group Limited (ASX:HZR) is commercialising a low-emission hydrogen and graphite production process. Natural gas and similar feedstocks are converted into hydrogen and graphite, using iron ore as a catalyst.
Read MorePerennial Partners Portfolio Manager and Resources Analyst Sam Berridge discusses the outlook for resources.
Read MoreElementos (ASX:ELT) has commenced diamond drilling at its 100% owned Cleveland Tin Project, located near Waratah in Tasmania. The drilling operation, spanning 1,100 meters, aims to investigate mineralization of tin, copper, tungsten, and fluorite. This initiative builds upon the company's previously published Ore Reserves, Mineral Resources, and Exploration Target.
Read MoreOil prices remained relatively stable throughout the week, with Brent trading slightly above $83 a barrel and West Texas Intermediate below $80, as the market focused on supply dynamics and inflation concerns.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreA snapshot of the stocks on the move, featuring PharmAust (ASX:PAA), Impact Minerals (ASX:IPT) and Peregrine Gold (ASX:PGD).
Read MoreTalk about a brave move—President Biden’s attack on the Chinese electric vehicle markets is nothing but a load of hot air; real Alice Through the Looking Glass material. Putting tariffs on something that is not there will have no impact whatsoever.
Read MoreWarren Buffett’s $US6.7 billion move into the smaller insurer Chubb, controlled by a long-time family friend, dominated this week’s final quarterly data drop from the world’s most followed investor. Safe to say, the new investment is what investors focused on.
Read MoreDotz Nano Limited (ASX:DTZ) Director Glenn Kelly discusses the carbon capture market and the different technologies available.
Read MoreChinese EV maker Li Auto is reportedly undergoing massive layoffs as sales fall short of budget and the price war intensifies. Chinese media reports say the cuts could be as high as more than 18% of its 31,000 workforce.
Read MoreUS stocks may have had a great opening on Wall Street Thursday, but they didn’t end well, the green (and record for the Dow) ending in the red. However, for the retail giant Walmart, it was a record-setting day as earnings and revenue topped all forecasts, belying gloom about weak consumer demand.
Read MoreThe Dow Jones surged above the 40,000 level for the first time ever in intraday trading before settling below the record level by the close. Optimism about the inflation and rates outlook continued to filter through the broader market.
Read MoreThe Dow Jones surged above the 40,000 level for the first time ever in intraday trading before settling below the record level by the close. Optimism about the inflation and rates outlook continued to filter through the broader market.
Read MoreCopper has emerged as a focal point for both data transmission and the investment strategies of those wary of inflation. Since early February, the red metal has experienced a remarkable surge in price, climbing over 26 percent on the London Metal Exchange and reaching record highs in the US.
Read MoreElementos Limited (ASX:ELT) Managing Director Joe David discusses the recommencement of DFS and licensing activities following discussions with the Andalusian government.
Read MoreOn Thursday, Australian shares experienced a significant surge, edging tantalizingly close to their all-time high, buoyed by market speculation surrounding potential interest rate cuts by the Reserve Bank of Australia.
Read MoreExplosives and fertilizer group, Incitec Pivot Limited's (ASX:IPL) apparently weak financial performance in the March half-year reflected the sale of its US explosives plant in Louisiana in late 2023, as well as the impact of one-off items, including a significant write-down in the value of its soon-to-be-sold fertilizer business.
Read MoreThe number of new jobs and the number of unemployed workers rose in April, as the labour market seemingly moved to the cusp of a major change.
Read MoreGlenn Corrie, CEO of Hazer Group, speaks about their groundbreaking low-emission hydrogen and graphite production technology, recent achievements, and future plans for commercialization and global expansion.
Read MoreAustralian employment rose by 38,500 in April, with the unemployment rate climbing to 4.1%, up from the previous month's 3.9%.
Read MoreA snapshot of the stocks on the move, featuring Sunstone Metals (ASX:STM), Helix Resources (ASX:HLX) and Riversgold (ASX:RGL).
Read MoreShareholders in gaming machine group Aristocrat Leisure (ASX:ALL) will receive a higher interim dividend of 36 cents per share after the company reported a 9% rise in after-tax earnings to $711 million for the six months ending on March 31.
Read MoreA weaker than expected CPI print and flat April retail sales numbers pushed all three major averages to record highs.
Read MoreWall Street enjoyed a nice bounce Wednesday after US inflation edged down to 3.4% in April, and retail sales slowed by more than many analysts had forecast.
Read MoreA weaker than expected CPI print and flat April retail sales numbers pushed all three major averages to record highs.
Read MoreThe Australian sharemarket rallied on Wednesday, with the S&P/ASX 200 Index climbing 0.4% to 7753.7 and the All Ordinaries rising 0.3%, driven by gains in the mining sector following the federal government's commitment to increase funding for critical minerals.
Read MoreElementos (ASX:ELT) has announced the restart of Definitive Feasibility Study and licensing activities for the Oropesa Tin Project after reaching an agreement with the Andalucian Government.
Read MoreThe economic forecasts of the 2023-24 federal budget have already experienced a miss, with March quarter wages growth slowing more sharply than forecast. This was attributed to the first fall in private wages in over three years and a slump in public service increases.
Read MoreIn the world of share market investing, charts serve as an indispensable tool for decision-making. They provide vital insights into market trends, price movements, and crucial indicators that influence trading strategies.
Read MoreFund Manager Chris Pedersen discusses Aristocrat Leisure, Commonwealth Bank of Australia and QBE Insurance Group.
Read MoreWage growth in Australia decelerated to 0.8% in the first quarter, falling short of analysts' expectations of 0.9%.
Read MoreA snapshot of the stocks on the move, featuring Australian Gold and Copper (ASX:AGC), Norwest Minerals (ASX:NWM) and Elementos (ASX:ELT).
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the 2024-25 Budget.
Read MoreCSR (ASX:CSR) has reported higher profits from its building products business but a loss from aluminum for the year ending March 31, its last results as a listed company. The company is being taken over by Saint-Gobain, the large global building products group based in France, for $US4.32 billion.
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