Market News

US stocks rallied on Wednesday after a volatile session, as investors analysed the latest US inflation data and its potential impact on Federal Reserve policy. The S&P 500 rose 1.07 per cent to close at 5,554.13. It was the first time since October 2022 that the broad index had dropped more than 1 per cent […]

Linius Technologies Limited (ASX:LNU) CEO James Brennan discusses the company’s recent capital raise, partnerships with Prime Focus, Magnify and Avid, and the launch of Captivate, a platform that enables broadcasters to offer personalised video content and compete with social media giants like TikTok and YouTube. Paul Sanger: I’m Paul Sanger for the Finance News Network,

To register for Friday’s webinar click here. DroneShield Ltd (ASX:DRO) has announced it has received a repeat order of $3.1 million from a U.S. Government customer for a number of its counterdrone (C-UxS) systems. The delivery is expected to be complete this month, using available stock on hand, with payment in the December quarter. Shares

In the midst of a volatile yen crisis, a global carry trade sell-off, and anticipation surrounding the Jackson Hole symposium, global physically-backed gold ETFs continued to show confidence in the precious metal during August, adding another US$2.1 billion in inflows. This marked the fourth consecutive month of positive inflows, with Western funds standing out, according

The much-anticipated wave of gold sector consolidation is finally gathering momentum. While some notable deals, such as Newmont’s $19 billion bid for Newcrest last year, have made headlines, mergers and acquisitions in the gold space have been relatively sporadic. However, AngloGold Ashanti’s recent £1.9 billion bid for UK-listed Centamin signals that pressure for consolidation is

Newmont Mining (ASX:NEM) has taken a significant step in its strategy to divest non-core assets by agreeing to sell its Telfer mine and a 70% stake in the nearby Havieron project in Western Australia to Greatland Gold (LSE:GGP). In return, Newmont, the world’s leading gold producer, will receive a total consideration of US$475 million. This

Global oil prices slumped to multi-year lows on Tuesday in the wake of a cut by OPEC in its forecasts for this year and next, coupled with weak data from China. Even a looming tropical storm couldn’t push US prices higher, nor could the latest fighting in Gaza. West Texas Intermediate (WTI) crude fell 3.3%,

Australian investors will no longer be able to invest in high-yielding, bank-issued hybrids after the key financial regulator, APRA, ruled that they posed a risk to the stability of the Australian financial system and economy. Banks currently have $41.3 billion in hybrids on issue, which Australian investors have sought for their yields over the years.

The Federal Reserve has significantly scaled back its proposed increase in capital requirements for the largest U.S. banks following pushback from the banking industry and lawmakers. Michael Barr, the Fed’s top regulator, announced on Tuesday a revised plan that would raise capital requirements for major lenders by 9%, down from the 19% proposed last summer.

August saw yet another series of mixed messages from China regarding its appetite for key commodities such as oil, coal, iron ore, and copper. Imports of coal rose, while imports of iron ore, oil, and copper metal eased. However, imports of copper concentrates hit a 12-month high. Gold was absent from China’s monthly figures, as