Market News

The US stock market has seen its sharpest decline in months, with the Dow Jones Industrial Average tumbling 1,123 points—or 2.58%—to close at 42,326.87. This marks the Dow’s first 10-day losing streak since 1974, wiping 6% from its value since early December. The S&P 500 fell 2.95% to 5,872.16, while the Nasdaq dropped 3.56% to […]

  The US stock market has seen its sharpest decline in months, with the Dow Jones Industrial Average tumbling 1,123 points—or 2.58%—to close at 42,326.87. This marks the Dow’s first 10-day losing streak since 1974, wiping 6% from its value since early December. The S&P 500 fell 2.95% to 5,872.16, while the Nasdaq dropped 3.56%

The Federal Reserve has cut its target interest rate by 25 basis points, bringing the federal funds rate to a range of 4.25% to 4.5%. The move marks the Fed’s third consecutive rate cut since September, reducing rates by a total of 100 basis points over the period. Fed Chair Jerome Powell described the decision

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Mid-Year Economic and Fiscal Outlook. Key points: The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) confirms a return to budget deficit this year and has revised up its deficit projections sharply reflecting increased spending in existing programs, less corporate tax

The U.S. government has intensified efforts to reduce China’s grip on the global battery supply chain by funding a large-scale synthetic graphite facility in Tennessee. The Department of Energy has conditionally approved a $755 million loan for Australian company Novonix to support the construction of the new plant in Chattanooga, marking a significant step toward

Mineral Resources (ASX:MIN) has finalised the sale of 100% of its interest in Exploration Permits 368 and 426 to Hancock Prospecting for an initial payment of $780m. In addition to the sale, Mineral Resources and Hancock Prospecting have agreed to form two 50/50 joint ventures over Mineral Resources’ remaining exploration permits in the Perth and

Titomic (ASX:TTT) has secured a $1.1m sale of its custom Kinetic Fusion Cold Spray System to the University of North Texas (UNT) to support advanced manufacturing research and industry collaboration. “Cold spray” involves metal or other materials being sprayed at high velocity onto a surface to create a coating or build a solid structure. The

Altech Batteries (ASX:ATC) has signed its third offtake Heads of Agreement for its CERENERGY GridPack battery technology, this time with German-based renewable energy provider Axsol GmbH. The agreement will see Axsol, a certified NATO supplier, exclusively distribute Altech’s CERENERGY batteries to western defence industries. The deal includes an initial offtake for 10MWh in 2027, increasing

Dotz Nano (ASX:DTZ) has secured the first commercial order for the company’s DotzShield tagging solution from a major US-based provider of oilfield technology services. The deal is valued at approximately $340,000. DotzShield allows for real-time detection and dosage management of corrosion inhibitors used in the oil and gas industry. Traditionally, detecting and quantifying corrosion inhibitors

Vulcan Energy (ASX:VUL) has signed a conditional debt commitment letter for €879m (about A$1.45bn) to fund Phase One of its Lionheart Project. The agreement is backed by Export Finance Australia (EFA) and a syndicate of seven commercial banks. Lionheart is a major lithium and renewable energy initiative located in the Upper Rhine Valley Brine Field,