Market News

For the second time in a week, Gina Rinehart has increased her stake in the lithium mine developer, Liontown Resources (ASX:LTR), as her Hancock Prospecting company intensifies its scrutiny of the Kathleen Valley mine’s construction in Western Australia, along with the project’s escalating costs. On the final trading day of the month and quarter, Hancock […]

The Dow Jones Industrial Average was lower Monday even after US legislators were able to come to a short-term agreement that staved off a government shutdown. The 30-stock Dow declined 74.15 points, or 0.22 per cent, to 33,433.35. The S&P 500 inched higher by 0.01 per cent to close at 4,288.39. The Nasdaq Composite added

Tesla is poised for another record-breaking sales performance in 2023, despite a noticeable slowdown in deliveries during the three months ending on September 30. Tesla reported shipping 435,059 cars worldwide in the third quarter, marking its first drop in deliveries in over a year due to factory shutdowns. This figure fell short of expectations, as

De Grey Mining’s (ASX:DEG) ambitious plans for a company-changing $300 million capital raising have been successful, with the would-be gold miner revealing that it had secured commitments for the full amount (before costs). In a filing with the ASX on a holiday Monday in many states, De Grey stated that it had received firm commitments

Galileo Mining (ASX:GAL) has joined Chalice Mining (ASX:CHN) in outlining a new style of metal deposit in Western Australia, featuring areas of mineralisation with a significant presence of precious industrial metals such as palladium and platinum, along with gold, copper, and nickel. Although Callisto is smaller in scale compared to Chalice’s Gonneville find, Galileo expresses

On Monday, an announcement delivered either good or bad news for Appen (ASX:APX), the struggling tech AI group. The final payment for Appen’s 2021 acquisition of Quadrant Global Pte Ltd is now expected to be lower than initially forecasted, impacting Appen’s working capital facility. Since this final payment is referred to as an ‘earn-out’ payment,

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets fell again over the last week as bond yields rose further

According to the June quarter’s national accounts, Australia is in the midst of a per capita growth recession, with falls of 0.3% in each of the March and June quarters. However, the financial national accounts, released on Thursday, tell a very different story with the country and Australians getting wealthier. It’s all down to the

The National Rugby League’s season wraps up this Sunday, with the Brisbane Broncos (ASX:BBL) having a good chance to become premiers for the first time in 17 years when they play Penrith in Sydney. They are well ahead of their 2022 performance, and this year’s success has seen the team’s owners, Brisbane Broncos Ltd, emerge

Liontown Resources (ASX:LTR) has further exposed its financial vulnerabilities with another cost overrun on its Kathleen Valley lithium project in Western Australia’s northern Goldfields. The company has accepted a $3 per share cash offer from US lithium giant Albemarle. However, Gina Rinehart’s Hancock Prospecting is working to acquire a potentially blocking 10.7% stake. On Friday,