Market News

Just a week ago, gold futures were soaring at $2,150 per ounce, but by Monday’s close, they had plummeted below $2,000, and further declines were anticipated as investors awaited the release of inflation data that evening and the Federal Reserve’s statement and rate decision on Thursday morning. Both inflation and the Federal Reserve’s decisions, along […]

ResMed (ASX:RMD) announced on Tuesday that the US Patent Trial and Appeals Board has dismissed claims filed by New York University (NYU) related to the company’s patents. NYU had alleged patent infringement by ResMed’s AutoSet and AutoRamp features in its AirSense 10 AutoSet flow generators, citing seven NYU patents. In early 2021, NYU filed a

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses themes for 2023 and possible themes for 2024. Key points The five key themes for 2023 were: better than feared growth; disinflation; peak interest rates (probably in Australia too); lots of geopolitical threats but not as bad as feared; and AI hit

Reserve Bank governor Michele Bullock dismissed the notion that Australia lags behind in addressing inflation concerns, emphasising their efforts to slow the economy and bring inflation within the target range. She anticipates that inflation will eventually return to the RBA’s 2% to 3% target band in the coming years, while maintaining a cautious approach to

Midas Minerals (ASX:MM1) announced a pegmatite discovery returns up to 7.25% lithium oxide at the Reid-Aylmer Project. The Company will immediately apply for a drillingpermit on the tenements over the Argus pegmatite. Shares are trading 13.04 per cent higher at 13 cents. Riversgold (ASX:RGL) announces that it has intercepted +100m wide gold at the Northern

The S&P 500 climbed on Monday as investors tried to continue Wall Street’s year-end momentum. The broad market index gained 0.39 per cent to close at 4,622.44, while the Nasdaq Composite added 0.20 per cent to 14,432.49. The Dow Jones Industrial Average advanced 157.06 points, or 0.43 per cent, to finish the session at 36,404.93.

Australia, home to the world’s largest uranium resource, finds itself at a crossroads as it grapples with the question of whether to be a lifter or a leaner in the global pursuit of decarbonisation and energy security. With only approximately 8% of global uranium production, Australia’s underperformance in this critical sector is largely attributed to

New data indicates that patients who underwent treatment with Eli Lilly’s groundbreaking weight loss drug, Zepbound, faced weight regain after discontinuing the medication for a year. This revelation emerges from a comprehensive study funded by Eli Lilly, spanning 88 weeks, underscoring the critical role of sustained therapy in maintaining substantial weight loss. The complete study

Just a week ago, gold futures were soaring at $2,150 per ounce. However, by Monday’s close, they had plummeted to under $2,000, with further declines anticipated ahead of crucial inflation data and the Federal Reserve’s statement and rate decision on Thursday. Both inflation and the Fed’s decisions, along with the so-called dot plot indicating rate

Judging by the earnings downgrade issued by Costa Group (ASX:CGC) yesterday, its US suitor, Paine Schwartz, might have been considering another cut to its offer price, in addition to the one inflicted in September. That’s when Paine Schwartz Partners and its partners cut 20 cents a share from its takeover price, reducing it to $3.20