Finance News Network

Latest News

Strong May jobs data

13 Jun 2024 - There were no signs of weakness in the May jobs data, with nearly 40,000 new jobs, a small fall in unemployment, a drop in the jobless rate, and continuing high level…

Stocks of the Hour: Pacific Nickel Mines, Elementos, Perpetual Resources

13 Jun 2024 - A snapshot of the stocks on the move, featuring Pacific Nickel Mines (ASX:PNM), Elementos (ASX:ELT) and Perpetual Resources (ASX:PEC).

ACCC raises competition concerns over Sigma Healthcare and Chemists Warehouse merger

13 Jun 2024 - The competition regulator, the ACCC, has raised questions about the planned $8.8 billion backward merger between Sigma Healthcare and Chemists Warehouse, citing ‘comp…

EU imposes varied tariffs on Chinese EV imports

13 Jun 2024 - As widely expected, the European Union will impose significant tariffs on imports of Chinese battery-powered EVs. However, the tariffs will not be uniform and will va…

Apple surpasses Microsoft as world's most valuable company

13 Jun 2024 - The great Apple charge continued Wednesday, with the company’s market value topping Microsoft’s for a while during trading, regaining the mantle as the world’s most v…

Fed maintains rates amid surprising inflation data

13 Jun 2024 - In an action-packed day, US inflation in May cooled slightly. The US Federal Reserve then held rates steady at its meeting but reduced the number of rate cuts it proj…

Magmatic Resources and Fortescue Metals announce joint venture

12 Jun 2024 - In March, Magmatic Resources (ASX:MAG) announced a joint venture with Fortescue (ASX:FMG) for the Myall copper-gold prospect in central western NSW.

Cost pressures diverge in China and Japan

12 Jun 2024 - Ahead of the US inflation data and the Fed interest rate decision tonight and early tomorrow respectively, cost pressures continue to show different outcomes in two o…

Stocks of the Hour: Reach Resources, Nico Resources, Global Lithium Resources, INOVIQ

14 Jun 2024 - A snapshot of the stocks on the move, featuring Reach Resources (ASX:RR1), Nico Resources (ASX:NC1), Global Lithium Resources (ASX:GL1) and INOVIQ (ASX:IIQ).

Evolution Mining faces production challenges

12 Jun 2024 - For the second quarter in a row, wet weather and seismic problems have cut Evolution Mining’s (ASX:EVN) gold output.

Copper boomlet deflates amid rising inventories

12 Jun 2024 - The boomlet in copper was again deflated on Tuesday, with London Metal Exchange prices and Comex futures prices in New York touching their lowest levels in seven week…

Apple's AI leap

12 Jun 2024 - Apple has made fools of all those investors, analysts, and others who had been chiding it (and stronger) for falling behind in AI - its big launch Monday was "underwh…

Bain's Bid and Bapcor's share saga

12 Jun 2024 - Interesting how the Bapcor (ASX:BAP) share didn’t get near the $5.40 trailed by Bain and Co in one of those airy-fairy non-binding indicative, perhaps-we-might-make-a…

French Giant Saint-Gobain set to absorb CSR

12 Jun 2024 - CSR is set to be absorbed by the French giant Saint-Gobain after the Foreign Investment Review Board okayed the $4.3 billion offer for the local building products gro…

Stocks of the Hour: Bapcor, Summit Minerals, DY6 Metals

11 Jun 2024 - A snapshot of the stocks on the move, featuring Bapcor (ASX:BAP), Summit Minerals (ASX:SUM) and DY6 Metals (ASX:DY6).

Alkane Resources faces gold production setback

11 Jun 2024 - Alkane Resources (ASX:ALK) surprised on Tuesday with a downgrade of its 2023-24 gold production and cost estimates for its Tomingley mine, even though the shares fail…

National Australia Bank's May survey

11 Jun 2024 - The recent federal budget had no positive impact on business conditions and confidence, according to the May monthly survey from the National Australia Bank.

Bapcor considers non-binding offer from Bain Capital

11 Jun 2024 - Struggling automotive parts retailer and distributor, Bapcor (ASX:BAP), has confirmed that US private equity group Bain Capital has lobbed a non-binding offer at arou…

The financial tides of Beach Energy

11 Jun 2024 - Beach Energy (ASX:BPT) has flagged more asset impairments for the year to June 30, with the total bill topping $1.1 billion.

Elon Musk threatens Apple ban over OpenAI integration

11 Jun 2024 - Elon Musk wants shareholders in Tesla to approve his controversial multi-billion dollar share deal at Thursday’s annual meeting. To show that he has their best intere…

Tesla's Model Y dilemma

11 Jun 2024 - It’s no wonder Tesla CEO Elon Musk has knocked down stories that the company is planning to refresh its key seller, the Model Y EV, this year.

Groupthink in financial markets - gold edition

11 Jun 2024 - Ah, the dangers of groupthink in financial markets—the gold edition.

China's import trends in May

11 Jun 2024 - Amid the slower-than-forecast imports for China for May, the usual suspects - iron ore, copper, and coal - stood out, but oil slid, even though global prices were not…

OPEC+ adapts amidst shifting oil markets

11 Jun 2024 - Reality drifted through global oil markets last week after OPEC+ bowed to reality and announced it would start easing its production caps, while keeping others in pla…

Central Banks' diverging paths

11 Jun 2024 - The US Federal Reserve meets this week, and one thing is certain: after the surprise surge in US job numbers in May, the Fed won’t be following the European Central B…

Prior Page Next Page