Finance News Network - Latest News The latest news from Finance News Network across all categories. https://www.finnewsnetwork.com.au/ en Finance TV Pty Ltd - All Rights Reserved 30 Saturday Sunday ASX drops 0.8% as company updates disappoint 24 Jun 2024 - The Australian sharemarket experienced a decline on Monday, influenced by a series of disappointing company updates, leading to increased investor caution ahead of the upcoming monthly inflation report. https://www.finnewsnetwork.com.au/archives/finance_news_network469976.html?utm_medium=rss Mon, 24 Jun 2024 06:40:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469976.html ASX down 0.57% near noon: ResMed suffers significant losses 24 Jun 2024 - Shares on Australia's S&P/ASX 200 Index declined at the opening bell due to concerns over potential inflation acceleration prompting the Reserve Bank to consider raising interest rates, contrasting global easing trends. Healthcare stocks, notably ResMed, suffered significant losses following disappointing trial results. Additionally, weakened commodity prices, including a decline in Singapore iron ore futures, impacted mining shares like BHP. https://www.finnewsnetwork.com.au/archives/finance_news_network469971.html?utm_medium=rss Mon, 24 Jun 2024 01:40:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469971.html Stocks of the Hour: Encounter Resources, Myer Holdings, Cleanaway Waste Management 24 Jun 2024 - A snapshot of the stocks on the move, featuring Encounter Resources (ASX:ENR), Myer Holdings (ASX:MYR) and Cleanaway Waste Management (ASX:CWY). https://www.finnewsnetwork.com.au/archives/finance_news_network469966.html?utm_medium=rss Mon, 24 Jun 2024 01:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469966.html Nvidia pull back weighs on broader market 24 Jun 2024 - The broader market index drifted lower on Friday as the recent Nvidia led rally finally looks to have run out of momentum. https://www.finnewsnetwork.com.au/archives/finance_news_network469958.html?utm_medium=rss Sun, 23 Jun 2024 22:20:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469958.html Gold and commodities market recap 24 Jun 2024 - Gold might have gained early on Friday, but like oil, it eased as the session went on. However, similar to oil, it is still heading into the final week of the second quarter and first half with notable gains. https://www.finnewsnetwork.com.au/archives/finance_news_network469964.html?utm_medium=rss Sun, 23 Jun 2024 22:17:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469964.html US oil rigs decline as productivity drive continues amidst stable prices 24 Jun 2024 - Oil prices might have had a good week, but American companies continue to chase productivity with another cut to active rig numbers last week. https://www.finnewsnetwork.com.au/archives/finance_news_network469963.html?utm_medium=rss Sun, 23 Jun 2024 22:16:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469963.html Big four banks drive ASX gains 24 Jun 2024 - Booming share prices for Australia’s big four banks - Commonwealth, NAB, ANZ, and Westpac - have saved investors from a miserable first half of 2024 and ensured the market performed better than inflation over the 2023-24 financial year, which ends next Sunday. https://www.finnewsnetwork.com.au/archives/finance_news_network469959.html?utm_medium=rss Sun, 23 Jun 2024 21:48:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469959.html EOFY scramble 24 Jun 2024 - The final week of the 2023-24 financial year, the second quarter of 2024, and the first half of the same year is approaching, so companies and investors are reviewing their books to ensure the best performance can be reported. https://www.finnewsnetwork.com.au/archives/finance_news_network469961.html?utm_medium=rss Sun, 23 Jun 2024 21:43:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469961.html Pilbara Minerals plans $1.2 billion expansion to double lithium production 24 Jun 2024 - Pilbara Minerals (ASX:PLS), the country’s largest independent lithium producer, reckons around $1.2 billion will double its lithium spodumene production capacity at its Pilgangoora mining operation in the Pilbara. https://www.finnewsnetwork.com.au/archives/finance_news_network469960.html?utm_medium=rss Sun, 23 Jun 2024 21:41:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469960.html Nvidia's influence and economic indicators shape investor sentiment 24 Jun 2024 - Nvidia dragged Wall Street markets lower on Friday, but they still ended the week higher, albeit a bit stretched. https://www.finnewsnetwork.com.au/archives/finance_news_network469962.html?utm_medium=rss Sun, 23 Jun 2024 21:35:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469962.html Narrowing US share gains, Falling global inflation, Govs making RBA's job harder, Nuclear 21 Jun 2024 - 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. https://www.finnewsnetwork.com.au/archives/finance_news_network469956.html?utm_medium=rss Fri, 21 Jun 2024 05:40:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network469956.html Emmerson Resources (ASX:ERM) - Webinar Presentation 21 Jun 2024 - Mike Dunbar - Managing Director & CEO - Emmerson Resources Limited (ASX:ERM) targets Australia's top exploration zones. They dominate 1,700km2 of the Tennant Creek Goldfield, NT, and 660km2 in NSW, spurred by Alkane Resources' Boda find. https://www.finnewsnetwork.com.au/archives/finance_news_network469951.html?utm_medium=rss Fri, 21 Jun 2024 04:40:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network469951.html BPH Energy (ASX:BPH) - Webinar Presentation 21 Jun 2024 - David Breeze - Managing Director and Executive Chairman - BPH Energy Limited (ASX:BPH) is a diversified company holding investments in biotechnology and resources. BPH holds a significant interest (36%) in unlisted oil and gas exploration company Advent Energy Ltd. https://www.finnewsnetwork.com.au/archives/finance_news_network469950.html?utm_medium=rss Fri, 21 Jun 2024 04:39:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network469950.html Pilot Energy (ASX:PGY) - Webinar Presentation 21 Jun 2024 - Brad Lingo - Chairman - Pilot Energy Limited (ASX:PGY) is leveraging its existing oil and gas assets along with established infrastructure to develop competitive clean energy projects. https://www.finnewsnetwork.com.au/archives/finance_news_network469953.html?utm_medium=rss Fri, 21 Jun 2024 04:32:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network469953.html Chariot Corporation (ASX:CC9) - Webinar Presentation 21 Jun 2024 - Shanthar Pathmanathan - Managing Director - Chariot Corporation Limited (ASX:CC9) is a mineral exploration company focused on discovering and developing high-grade and near-surface lithium opportunities in the United States. https://www.finnewsnetwork.com.au/archives/finance_news_network469954.html?utm_medium=rss Fri, 21 Jun 2024 04:30:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network469954.html ASX down 0.03% near noon: Energy is best performer 21 Jun 2024 - Oil is set for consecutive weekly gains as a surprise draw in US inventory levels and strong demand signaled buoyant conditions in the world's top oil consumer, with West Texas Intermediate trading above $81 a barrel and Brent near $86. https://www.finnewsnetwork.com.au/archives/finance_news_network469955.html?utm_medium=rss Fri, 21 Jun 2024 01:35:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469955.html Winston's Weekly: Office transactions reset valuations 21 Jun 2024 - Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. https://www.finnewsnetwork.com.au/archives/finance_news_network469948.html?utm_medium=rss Fri, 21 Jun 2024 01:34:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network469948.html Stocks of the Hour: Enova Mining, Marmota, K2fly 21 Jun 2024 - A snapshot of the stocks on the move, featuring Enova Mining (ASX:ENV), Marmota (ASX:MEU) and K2fly (ASX:K2F). https://www.finnewsnetwork.com.au/archives/finance_news_network469949.html?utm_medium=rss Fri, 21 Jun 2024 01:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469949.html What Saudi oil can tell us about the gold price 21 Jun 2024 - Fairmont Equities Managing Director Michael Gable discusses the gold price. https://www.finnewsnetwork.com.au/archives/finance_news_network469947.html?utm_medium=rss Fri, 21 Jun 2024 00:09:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network469947.html Mosaic Brands facing losses 21 Jun 2024 - Women’s fashionwear chain owner, Mosaic Brands (ASX:MOZ), has joined the emerging list of retailers (including KMD and City Chic) confessing to weak trading and possible or actual losses ahead of the end of their 2023-24 financial years. https://www.finnewsnetwork.com.au/archives/finance_news_network469946.html?utm_medium=rss Thu, 20 Jun 2024 23:14:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469946.html KMD Brands struggling 21 Jun 2024 - Outdoor clothing chain KMD Brands (formerly Kathmandu) has battened down the hatches with the end of the financial year in sight, as a sales recovery stalls and earnings slide. https://www.finnewsnetwork.com.au/archives/finance_news_network469945.html?utm_medium=rss Thu, 20 Jun 2024 22:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469945.html Nvidia driven rally finally runs out of steam 21 Jun 2024 - US markets started the trading day in positive territory with the S&P 500 briefly passing the 5,500 level for the first time ever before giving up early gains and settling lower by the close. https://www.finnewsnetwork.com.au/archives/finance_news_network469941.html?utm_medium=rss Thu, 20 Jun 2024 22:10:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469941.html Trump Media shares plummet amid high turnover 21 Jun 2024 - The sell-off in Trump Media accelerated Thursday, with shares losing 15% in a day of high turnover. https://www.finnewsnetwork.com.au/archives/finance_news_network469943.html?utm_medium=rss Thu, 20 Jun 2024 21:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469943.html Central banks update 21 Jun 2024 - There were two not unexpected results from meetings of two major central banks on Thursday—the Bank of England and the Swiss National Bank. https://www.finnewsnetwork.com.au/archives/finance_news_network469942.html?utm_medium=rss Thu, 20 Jun 2024 21:52:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469942.html ASX experiences slight losses: GYG makes successful debut 20 Jun 2024 - On Thursday, the S&P/ASX 200 experienced slight losses despite Guzman y Gomez's successful debut, marking it as the largest IPO since November 2021. https://www.finnewsnetwork.com.au/archives/finance_news_network469939.html?utm_medium=rss Thu, 20 Jun 2024 06:26:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469939.html Potential gas shortages on East Coast 20 Jun 2024 - As temperatures plummet on the East Coast, a dual threat looms: a shortfall in gas supplies exacerbated by a lack of renewable power generation. The Australian Energy Market Operator (AEMO) has issued a stark "threat notice," cautioning that current conditions could lead to peak day shortfalls in gas supply across NSW, Victoria, the ACT, South Australia, and Tasmania, persisting possibly until the end of September. https://www.finnewsnetwork.com.au/archives/finance_news_network469938.html?utm_medium=rss Thu, 20 Jun 2024 05:58:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469938.html City Chic Collective faces 30% sales slump 20 Jun 2024 - City Chic Collective (ASX:CCX) has confirmed a massive 30% slump in sales for the year ending June 30. This news strongly suggests why the struggling fashionwear retailer is attempting to raise new capital and selling off its US online Avenue business at a loss. https://www.finnewsnetwork.com.au/archives/finance_news_network469937.html?utm_medium=rss Thu, 20 Jun 2024 05:19:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469937.html New Zealand economy avoids recession 20 Jun 2024 - The New Zealand economy narrowly escaped recession in the three months to March 31, but like Australia, activity remains very weak as it continues to be affected by high interest rates. https://www.finnewsnetwork.com.au/archives/finance_news_network469936.html?utm_medium=rss Thu, 20 Jun 2024 03:53:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469936.html ASX down 0.11% near noon: Guzman y Gomez IPOs at noon 20 Jun 2024 - Australian shares opened without much movement as the market aimed to prevent its third decline in four days this week. Meanwhile, European markets experienced a decline, and trading in Wall Street was halted due to a federal holiday. https://www.finnewsnetwork.com.au/archives/finance_news_network469935.html?utm_medium=rss Thu, 20 Jun 2024 01:56:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469935.html Stocks of the Hour: DroneShield, Terra Metals, Control Bionics 20 Jun 2024 - A snapshot of the stocks on the move, featuring DroneShield (ASX:DRO), Terra Metals (ASX:TM1) and Control Bionics (ASX:CBL). https://www.finnewsnetwork.com.au/archives/finance_news_network469934.html?utm_medium=rss Thu, 20 Jun 2024 01:15:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469934.html MinRes to close Yilgarn iron ore hub 20 Jun 2024 - Approximately 1,000 miners are facing an uncertain future as Mineral Resources (ASX:MIN) closes its Yilgarn iron ore mining hub in the WA Goldfields region and expands deeper into longer-life mines in the Ashburton and West Pilbara regions of the state. https://www.finnewsnetwork.com.au/archives/finance_news_network469933.html?utm_medium=rss Wed, 19 Jun 2024 21:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469933.html European markets lose momentum as US closed for Juneteenth holiday 20 Jun 2024 - European stocks closed mostly lower as momentum stalled in the absence of direction from US markets which were closed for the Juneteenth holiday. https://www.finnewsnetwork.com.au/archives/finance_news_network469930.html?utm_medium=rss Wed, 19 Jun 2024 21:45:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469930.html Bank of England faces interest rate dilemma ahead of election 20 Jun 2024 - What’s a central bank to do? Inflation is back on target after being above it for nearly three years, the economy is meandering, but there’s a looming election that could very well see the sitting government driven from office. So, when do you cut your key interest rate? https://www.finnewsnetwork.com.au/archives/finance_news_network469932.html?utm_medium=rss Wed, 19 Jun 2024 21:28:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469932.html BHP's copper ambitions 20 Jun 2024 - If BHP (ASX:BHP) had managed to win control of Anglo American and its 700,000 or so tonnes of annual copper production, would the company’s head of copper in South Australia, Anna Wiley, have stepped up this week and laid down a very upbeat outlook for the company’s position in the red metal? https://www.finnewsnetwork.com.au/archives/finance_news_network469931.html?utm_medium=rss Wed, 19 Jun 2024 21:27:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469931.html From gold to crypto: Exploring Global X ETFs' offerings 19 Jun 2024 - Marc Jocum, Product and Investment Strategist at Global X ETFs, speaks to Garry Crole, CEO and Managing Director of Sequoia Financial Group (ASX:SEQ), about the market for ETFs and the company's diverse product range. https://www.finnewsnetwork.com.au/archives/finance_news_network469900.html?utm_medium=rss Wed, 19 Jun 2024 09:32:00 GMT Funds Management https://www.finnewsnetwork.com.au/archives/finance_news_network469900.html Investing in childcare 19 Jun 2024 - Patrick Bell, CEO and Director of Finexia Financial Group (ASX:FNX) speaks to Garry Crole, CEO and Managing Director of Sequoia Financial Group (ASX:SEQ). Topics discussed include the company's Childcare Income Fund and its lending business. https://www.finnewsnetwork.com.au/archives/finance_news_network469899.html?utm_medium=rss Wed, 19 Jun 2024 09:17:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network469899.html Buying and selling financial practices 19 Jun 2024 - Steve Prendeville, Founder and Director of Forte Asset Solutions, speaks to Garry Crole, CEO and Managing Director of Sequoia Financial Group (ASX:SEQ). The discussion touches on the market for financial practices, what advisors can do to prepare their business for sale and what to look out for when acquiring a business, among many other topics. https://www.finnewsnetwork.com.au/archives/finance_news_network469902.html?utm_medium=rss Wed, 19 Jun 2024 08:29:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network469902.html The GaN Revolution: Powering the technologies of tomorrow 19 Jun 2024 - An expert roundtable on the role of gallium nitride semiconductors in unlocking next-generation applications in quantum, defence, aviation, robotics, autonomous vehicles and artificial intelligence systems. https://www.finnewsnetwork.com.au/archives/finance_news_network469927.html?utm_medium=rss Wed, 19 Jun 2024 06:58:00 GMT Company Presentations https://www.finnewsnetwork.com.au/archives/finance_news_network469927.html ASX slips 0.1%: Energy is best performing sector 19 Jun 2024 - Australian shares closed marginally lower on Wednesday despite a rise in energy stocks, with the S&P/ASX 200 slipping 0.1% to 7769.7 amidst subdued sector movements. Energy stocks led gains, supported by rising oil prices, while various sectors experienced modest declines, reflecting a generally quiet trading session. https://www.finnewsnetwork.com.au/archives/finance_news_network469926.html?utm_medium=rss Wed, 19 Jun 2024 06:37:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469926.html Is investing in gaming... worth the gamble? 19 Jun 2024 - Fund Manager Chris Pedersen discusses Steadfast Group (ASX:STF), Australian Stock Exchange (ASX:ASX), Light & Wonder (ASX:LNW) https://www.finnewsnetwork.com.au/archives/finance_news_network469925.html?utm_medium=rss Wed, 19 Jun 2024 06:35:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network469925.html Global investors bullish on stock markets 19 Jun 2024 - According to the June survey of big global investment managers by Bank of America, it's a bull market, and it's going to run and run. https://www.finnewsnetwork.com.au/archives/finance_news_network469923.html?utm_medium=rss Wed, 19 Jun 2024 04:26:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469923.html Coalition proposes seven nuclear power plants by 2037 19 Jun 2024 - The Coalition has unveiled an ambitious plan to construct seven nuclear power plants across Australia, aiming to have them operational between 2035 and 2037 if they win the next federal election. https://www.finnewsnetwork.com.au/archives/finance_news_network469922.html?utm_medium=rss Wed, 19 Jun 2024 04:11:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469922.html Central banks continue gold purchases 19 Jun 2024 - Something to gladden the hearts of gold bugs: the major players in the market for the past two years—central banks—are not going to abandon the metal anytime soon, even if the People’s Bank of China made headlines by stopping purchases in May when prices soared to all-time highs. https://www.finnewsnetwork.com.au/archives/finance_news_network469921.html?utm_medium=rss Wed, 19 Jun 2024 03:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469921.html ASX down 0.09% near noon: S&P 500 hits another record dd May 2024 - At 11:30am, the S&P/ASX 200 is 0.09 per cent lower at 7,771. Australian shares saw modest declines despite gains in energy stocks, with the overall index experiencing a slight downturn. https://www.finnewsnetwork.com.au/archives/finance_news_network469919.html?utm_medium=rss Wed, 19 Jun 2024 01:37:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469919.html Stocks of the Hour: HeraMED, Chariot Corporation, QX Resources 19 Jun 2024 - A snapshot of the stocks on the move, featuring HeraMED (ASX:HMD), Chariot Corporation (ASX:CC9) and QX Resources (ASX:QXR). https://www.finnewsnetwork.com.au/archives/finance_news_network469918.html?utm_medium=rss Wed, 19 Jun 2024 01:20:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469918.html Elementos' (ASX:ELT) unexpected high-grade mineral find in Tasmania 19 Jun 2024 - Joe David, Managing Director of Elementos discusses the company's recent exciting discovery of high-grade copper and gold at the Cleveland Tin Project in Tasmania. Joe provides insights into the implications of this find, the project's background, and future exploration plans. https://www.finnewsnetwork.com.au/archives/finance_news_network469917.html?utm_medium=rss Tue, 18 Jun 2024 23:30:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network469917.html QBE plans strategic exit from North America's middle insurance market 19 Jun 2024 - QBE (ASX:QBE) says it will be able to manage its decision to exit the so-called middle insurance market in North America, a move that could cost it around half a billion dollars a year in gross written premiums. https://www.finnewsnetwork.com.au/archives/finance_news_network469916.html?utm_medium=rss Tue, 18 Jun 2024 23:14:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469916.html High interest rates impact consumer spending 19 Jun 2024 - Like in Australia, high interest rates are slowly strangling consumer spending, with May’s retail sales being the latest example. https://www.finnewsnetwork.com.au/archives/finance_news_network469915.html?utm_medium=rss Tue, 18 Jun 2024 22:01:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469915.html Nvidia surge drives S&P 500 to new record 19 Jun 2024 - Another Nvidia price surge saw the AI giant hit a new share price high and surpass Microsoft to become the most valuable public company. https://www.finnewsnetwork.com.au/archives/finance_news_network469912.html?utm_medium=rss Tue, 18 Jun 2024 21:55:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network469912.html Nvidia surpasses Microsoft and Apple to become the world's most valuable company 19 Jun 2024 - For the first time ever, Nvidia on Tuesday leapfrogged Microsoft and Apple to become the most valuable company in the world. https://www.finnewsnetwork.com.au/archives/finance_news_network469914.html?utm_medium=rss Tue, 18 Jun 2024 21:54:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network469914.html