Finance News Network

News by Peter Milios

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

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Electric vehicle bubble deflates as valuations plunge - what's next for the EV industry?

08 Dec 2023 - The electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their stra…

Australia's uranium dilemma

12 Dec 2023 - Australia, home to the world's largest uranium resource, finds itself at a crossroads as it grapples with the question of whether to be a lifter or a leaner in the gl…

ASX pulls back from highest level in 10 months

21 Dec 2023 - Australian stocks pulled back from their highest levels in ten months, echoing a pause in the upward momentum seen on Wall Street. Notably, the technology and consume…

ASX down 0.33% at noon following Wall Street's poor performance

21 Dec 2023 - At noon, the S&P/ASX 200 is 0.33 per cent lower at 7,512.80, tracking a sudden decline occurred on Wall Street, with traders cashing in on their gains following a sig…

Stocks of the Hour: Immutep, Metalicity, GWR Group

21 Dec 2023 - A snapshot of the stocks on the move, featuring Immutep (ASX:IMM; NASDAQ:IMMP), Metalicity (ASX:MCT) and GWR Group (ASX:GWR).

S&P 500 rally runs out of steam

21 Dec 2023 - Stocks tumbled on Wednesday as investors cashed in some profits following the market’s recent hot streak, and FedEx dragged the S&P 500 lower.

ASX closes 0.7% higher

20 Dec 2023 - On Wednesday, the Australian stock market made gradual progress towards a potential all-time high, mirroring the upward momentum seen on Wall Street. This movement wa…

ASX up 0.63% at noon as it nears historic peak

20 Dec 2023 - The Australian stock market is steadily approaching a historic peak, mirroring the surge on Wall Street, as investors increasingly prepare for the possibility of the …

Stocks of the Hour: First Lithium, Entyr, Bastion Minerals

20 Dec 2023 - A snapshot of the stocks on the move, featuring First Lithium (ASX:FL1), Entyr (ASX:ETR) and Bastion Minerals (ASX:BMO).

Year-end comeback lifts S&P 500 to brink of record highs on Tuesday

20 Dec 2023 - The S&P 500 rose Tuesday, approaching its record high, as the Federal Reserve’s recent dovish shift on rates lifted stocks.

ASX closes 0.8% higher as M&A in resources picks up

19 Dec 2023 - Australian shares posted solid gains driven by increased merger and acquisition activity in the resources sector and a surge in oil prices due to concerns about suppl…

Advancements towards Lithium Universe's lithium carbonate refinery

19 Dec 2023 - Lithium Universe (ASX:LU7) has reported advancements in the engineering study being conducted by Hatch for the company's lithium carbonate refinery.

Lake Resources - Kachi Project DFS

19 Dec 2023 - Lake Resources (ASX:LKE; OTC:LLKKF) has announced the results of its definitive feasibility study for Phase One of the Kachi lithium brine project in Argentina.

ASX up 0.45% at noon as oil prices surge by 2%

19 Dec 2023 - Oil prices surged 2% due to increased attacks by Iranian-backed Houthi militants on vessels in the Red Sea, causing concerns about potential supply disruptions.

Stocks continue winning streak as S&P500 nears record high

19 Dec 2023 - The S&P 500 rose Monday as the market maintained the momentum seen during its seven-week winning streak.

Afternoon update: ASX 200 drops 0.32% amid Real Estate sector losses

18 Dec 2023 - By mid-afternoon, the ASX 200 was down 0.32 per cent. This decline was primarily driven by losses in the real estate sector, particularly Charter Hall (ASX:CHC) and D…

ASX down 0.03% at noon as oil prices experience first weekly gain since October

18 Dec 2023 - Oil prices increased after experiencing their first weekly gain since late October due to major shipping lines suspending transit through the Red Sea, which highlight…

Record-breaking Friday: Dow Jones and Nasdaq-100 soar to new heights

18 Dec 2023 - The Dow Jones Industrial Average closed higher Friday after a whipsaw session, where it marked a fresh intraday record, and the tech-heavy Nasdaq-100 set a record clo…

ASX up 0.84% at noon: Dow reaches a new record high overnight

15 Dec 2023 - Overnight, the Dow Jones Index reached a new record high, closing at 37,248 points with a 0.4% gain, while the Nasdaq Index increased by 0.2%, and the Russell 2000 sm…

S&P500 closes higher as US retail sales increase in November

15 Dec 2023 - The Dow Jones Industrial Average edged higher on Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4 per cent an…

ASX up 1.49% at noon as Australian employment grows by 61,500 jobs

14 Dec 2023 - In November, Australian employment grew by 61,500 jobs, causing the unemployment rate to rise slightly to 3.9% from the previous month's 3.8%.

The Fed holds rates steady, indicates three rate cuts in 2024

14 Dec 2023 - The Dow Jones industrial Average jumped to a record Wednesday as the Federal Reserve signalled it would cut rates several times next year, satisfying investors who ho…

Cauldron Energy confirms low-cost ISR uranium potential

14 Dec 2023 - Cauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competi…

ASX closes 0.3% higher: Healthcare and iron ore stocks rise

13 Dec 2023 - Australia's sharemarket experienced mixed performance as healthcare and iron ore stocks rose while the energy sector declined due to a 3.5% drop in benchmark oil pric…

ASX up 0.15% following Wall Street's strong gains

13 Dec 2023 - Wall Street closed at a 52-week high as traders celebrated a decrease in core US inflation to 4 percent year-on-year in November, excluding food and energy prices.