Market News

Wall Street ended the week with record highs for the S&P 500 and Nasdaq Composite. The S&P 500 rose 0.25% to 6,090.27, while the Nasdaq climbed 0.81% to 19,859.77, driven by gains in Tesla, Meta, and Amazon. The Dow Jones Industrial Average moved in the opposite direction, falling 0.28% to 44,642.52. The S&P 500 and […]

Bhagwan Marine (ASX:BWN) has projected a significant rise in earnings for the first half of FY25, as well as strong tendering activity, with pro-forma EBITDA expected to reach between $26m and $28m. This represents an increase of 26% to 36% compared to the prior corresponding period’s $20.6m. The company attributes this growth to robust performance

Iluka Resources (ASX:ILU) has announced the successful conclusion of funding discussions with the Australian Government to support its $1.8bn Eneabba rare earths refinery in Western Australia. The refinery is designed to process both light and heavy rare earth oxides, positioning Iluka as a key player in the global rare earths market. Funding and project economics

The US economy added 227,000 nonfarm payrolls in November, surpassing expectations of 214,000 and rebounding from October’s hurricane-impacted 36,000. The Bureau of Labor Statistics (BLS) reported the stronger-than-expected figure on Friday, alongside an unemployment rate increase to 4.2%, as anticipated. Nonfarm payrolls  The BLS releases monthly data as part of its Employment Situation Report. Nonfarm

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 Despite another week of geopolitical noise with the fall of the French Government, a

On Monday, Northern Star Resources (ASX:NST) announced a deal to acquire De Grey Mining (ASX:DEG), including its world-class Hemi Gold Project. The $5bn acquisition, if approved, would see De Grey shareholders receiving 0.119 Northern Star shares for each De Grey share. This represents a 39% premium to De Grey’s closing price last Friday. Over the past

Bitcoin has breached US$100,000 for the first time, propelled by “Trump pump” optimism surrounding the President-elect’s crypto-friendly policies. The cryptocurrency, the largest by market value, climbed to US$102,510 on 5 December, marking a 45% rise since Trump’s election victory in early November. It’s currently trading around US$99,000. Trump’s pro-crypto stance In July 2024, during the

The UK Competition and Markets Authority (CMA) has approved the merger of Vodafone (LSE: VOD) and Three UK, ending months of regulatory scrutiny. The new entity will be the country’s largest mobile operator, with over 27 million customers. The £16.5bn deal consolidates two of the UK’s four major mobile network providers and is expected to

US stocks were lower on Thursday as investors awaited Friday’s big jobs report. The Dow Jones Industrial Average dipped 248.33 points, or 0.55 per cent, to close at 44,765.71. Meanwhile, the Nasdaq Composite slipped 0.18 per cent to end at 19,700.26. The S&P 500 dropped 0.19 per cent, settling at 6,075.11. Traders on Thursday focused

Shell (LSE: SHEL) and Equinor (OSE: EQNR) have announced plans to combine their North Sea oil and gas assets into a new company, set to become one of the largest producers in the region. The joint venture will be based in Aberdeen. The 50-50 partnership will incorporate Equinor’s holdings in Mariner, Rosebank, and Buzzard fields,