Market News

The Nasdaq Composite fell Tuesday after Oracle shares plunged on disappointing results, whilst Apple unveiled the new iPhone model. The Nasdaq slid 1.04 per cent to 13,773.61 in its first losing day in three. The S&P 500 dropped 0.57 per cent to 4,461.90. Meanwhile, the Dow Jones Industrial Average declined 17.73 points, or 0.05 per […]

Today marks a significant day for the new Qantas CEO, Vanessa Hudson, and the airline’s board as they await the High Court’s ruling on one of the most contentious actions taken during former CEO Alan Joyce’s reign at the airline. In late 2020, Joyce ordered the termination of 1,800 ground staff amidst the depths of

Is this the news that marks the start of the recovery in China’s stricken property sector? For weeks now, Country Garden has been the developer closest to the edge, missing bond repayments and warning of its financial fragility. However, it has slowly managed to regain the confidence of investors. On Tuesday, media reports in Hong

At the closing bell, the S&P/ASX 200 was closed 0.2 per cent higher at 7206.90 points.  Iron ore prices rallied after new bank lending in China released on Monday handily beat expectations and eased some concerns about the Asian giant’s economic outlook. In Singapore, the benchmark October futures contract rose 1.1 per cent to $US118.65

Well-known Perth mining figure, Tim Goyder, has invested over $30 million to support Chalice Mining’s (ASX:CHN) share price. This investment comes after the share price suffered a significant downturn earlier this month due to investor dissatisfaction with the Scoping Study for the massive Gonneville renewable metals prospect in Western Australia. The study, released on August

NOVONIX (NASDAQ:NVX, ASX:NVX) announces results of engineering study on proprietary all-dry, zero-waste cathode synthesis process. The study found that NOVONIX’s process may potentially reduce power consumption by an estimated 25% and practically eliminate waste byproduct generation over the conventional process. In response, NOVONIX CEO Dr. Chris Burns, stated, “the cathode active materials market is projected

At noon, the S&P/ASX 200 is 0.18 per cent lower at 7,179.60. While mining sector gains offered some support, they were offset by losses in the energy and banking sectors. Investor sentiment was also dampened by the results of a Westpac-Melbourne Institute survey, which revealed a decline in consumer confidence for September. This decline persisted

Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness. The Nasdaq Composite rallied by 1.14 per cent to 13,917.89. The S&P 500 gained 0.67 per cent to 4,487.46. The Dow Jones Industrial Average rose 87.13 points, or 0.25 per cent, to

Incitec Pivot (ASX:IPL), the explosives and fertiliser manufacturer, is poised for a tumultuous trading session today (Tuesday) following the release of a mixed trading update well after Monday’s trading hours had concluded. Incitec Pivot (IPL) informed the ASX that its “overall Group financial performance remains broadly in line with the outlook provided in May 2023.”

Liontown (ASX:LTR) shares are set to surge today following confirmation from Gina Rinehart’s Hancock Prospecting that it has acquired a substantial stake in Liontown Resources, potentially disrupting the $6.6 billion cash offer from US lithium giant Albemarle. On Monday, Liontown shares closed at $3.01, a slight dip from Friday’s closing price of $3.04, which was