Market News

Empire Energy Group (ASX:EEG) has announced that the Northern Territory Government has approved its Environmental Management Plan (EMP) for the Carpentaria Pilot Project in the Beetaloo Basin. This approval covers key components of the project, including the drilling of up to nine new wells, installation of the Carpentaria Gas Plant, and connection to the McArthur […]

Aspen Group (ASX:APZ), a property investment and management company specialising in affordable housing and lifestyle communities, has upgraded its earnings guidance for FY25. The company now expects underlying earnings per security (EPS) to reach 16.0 cents, a 5% increase over previous forecasts and a 16% rise from FY24’s 13.8 cents. Aspen attributes the earnings upgrade

President-elect Donald Trump’s transition team is planning to eliminate the $7,500 federal tax credit for electric vehicle (EV) purchases, a move that could hinder EV adoption across the United States. According to sources cited by Reuters, Trump’s energy transition team, led by billionaire oilman Harold Hamm and North Dakota Governor Doug Burgum, views this tax

To register for today’s webinar click here. Lendlease (ASX:LLC), a major construction and investment firm, is in the spotlight this week as its annual general meeting concluded. Shareholders heard a cautious outlook for the coming year, with ongoing struggles in the construction arm stemming from pandemic-era projects and rising costs. While the company refrained from

ASX (ASX:ASX) filed its defence today in relation to proceedings initiated by the Australian Securities and Investments Commission (ASIC). In mid-August, ASIC claimed in an application to the Federal Court that ASX had misled investors. ASIC alleged that, in February 2022, ASX incorrectly stated that the planned blockchain-based upgrade to the company’s Clearing House Electronic Subregister

Opthea (ASX:OPT), a clinical-stage biopharmaceutical company based in Melbourne, has announced a boost to its cash reserves, receiving a $15.9m research and development (R&D) tax incentive from the Australian Taxation Office. The funding supports Opthea’s development of sozinibercept, an innovative therapy targeting wet age-related macular degeneration (wet AMD), one of the leading causes of severe

Santana Minerals (ASX:SMI) has released its Pre-Feasibility Study (PFS) results for the Bendigo-Ophir Gold Project in New Zealand’s Otago region, showcasing a high-margin, long-life gold development with low capital costs. The study estimates that the project, encompassing both open-pit and underground mining, will yield 1.15 million ounces of gold over a 9.2-year lifespan, with an

Overnight, global markets saw a mixed bag, with US equities mostly lower across the board. Nine of the eleven S&P 500 industry sectors experienced declines, with industrials leading the way. This broad retreat comes as traders reassess the likelihood of a rate cut next month. Federal Reserve Chairman Jerome Powell’s remarks, stressing caution in rate

China has taken a step forward in renewable energy, launching the world’s first gigawatt-scale offshore solar photovoltaic project. Situated 8km off the coast of Dongying City in Shandong Province, this sprawling facility spans over 1,223 hectares. It is designed to generate approximately 1.78 billion kilowatt-hours of electricity annually, enough to power nearly 2.67 million households.

Greg Boland, Chief Strategy Officer for Tiger Brokers, provides his weekly update. The Trump trade At the close of US equities trading this morning, many of the Trump trade stocks had begun to give back some of the huge price gains they have made in the past week since Donald Trump became President-Elect. The crypto