Market News

US stocks surged overnight, with the Nasdaq Composite closing above 20,000 for the first time. It closed 1.77% higher at 20,034.89. The S&P 500 rose 0.82% to 6,084.26, while the Dow Jones Industrial Average was 0.22% lower 44,148.56. Tech stocks led the rally, driven by Alphabet, which closed 5.46% higher, advancing on news of a […]

US inflation rose to an annual rate of 2.7% in November, up from 2.6% in October, according to Consumer Price Index (CPI) data released on Wednesday by the Bureau of Labor Statistics. The monthly increase was 0.3%, marking the highest annual inflation rate since July. The figures aligned with market forecasts and reinforced expectations for

Silex Systems (ASX:SLX) specialises in laser-based technology for uranium enrichment. Its proprietary SILEX (Separation of Isotopes by Laser Excitation) process uses lasers to selectively excite uranium isotopes, enabling the efficient production of material for nuclear power. This method is touted as a cleaner, more energy-efficient alternative to traditional gas centrifuge techniques. Silex’s technology is exclusively

Southern Cross Electrical Engineering (ASX:SXE) has secured $125m in new contracts spanning data centres, a desalination plant and a Sydney transport project. The company, headquartered in Perth, provides electrical, instrumentation and communication services to infrastructure, resources and commercial sectors.  Among the latest wins is a contract with data centre operator NEXTDC for electrical installation at

Google has announced the development of its new quantum computing chip, Willow.  The company stated that Willow can solve mathematical problems in five minutes that would take a classical supercomputer 10 septillion years—a period exceeding the age of the universe many times over. A quantum leap The key milestone Google passed was the Random Circuit

Vulcan Energy (ASX:VUL) has announced a $164m institutional placement and a $20m share purchase plan (SPP) to fund key aspects of its Lionheart Project in Germany’s Upper Rhine Valley Brine Field. The company aims to become the world’s first carbon-neutral, integrated lithium and renewable energy producer. The placement will raise $121m from institutional investors and

Titomic (ASX:TTT), headquartered in Melbourne, is a leader in the development of cold spray technology. Cold spray involves metal or other materials being sprayed at high velocity onto a surface to create a coating or build a solid structure. In a release today, the company announced it has collaborated with global professional association SAE International

INOVIQ’s recent validation study of its EXO-OC test revealed it can detect stage one ovarian cancer with 96% specificity and more than 90% sensitivity, a promising advance for early detection. The company’s breast cancer screen test has also demonstrated superior accuracy over current tests.

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses living standards. Key points Falling real wages and a surge in tax and interest payments have led to a slump in Australian living standards. But a broader driver of the malaise in living standards has been a slump in productivity growth from

US stocks have closed lower, with the Dow Jones Industrial Average down for the fourth consecutive session. The Dow shed 154.10 points, or 0.35%, to close at 44,247.83. The S&P 500 dropped 0.3% to 6,034.91, while the Nasdaq Composite slipped 0.25% to 19,687.24. Tech stocks were in focus, with Oracle tumbling 6.7% after its quarterly