Market News

Struggling casino group, Star Entertainment (ASX:SGR), has taken its losses over the past two years to more than $4 billion, with another substantial deficit revealed in unaudited annual accounts released Thursday afternoon. The way Star downplayed its trading performance since July 1 suggests the company is in for another challenging year in 2024-25—one that will […]

Just as its associate, Brickworks (ASX:BKW), still lifted its final and full-year dividends for 2023-24 despite a significant loss for the year to July, its biggest shareholder, Washington H. Soul Pattinson (ASX:SOL), did the same, even though it reported weaker inflows from two major investments. Soul Patts, as it is known colloquially, is primarily an

Australian shares saw a modest increase on Friday, driven primarily by gains in the mining sector due to rising commodity prices, bringing the S&P/ASX 200 closer to a record high. At 11:30am, the S&P/ASX 200 is 0.23 per cent higher at 8,222. This uptick followed a 1 percent rally on Thursday after three consecutive sessions

US stocks climbed overnight, with the S&P 500 reaching a new record following the release of encouraging U.S. economic data. The broad market index rose 0.40 per cent to 5,745.37, achieving both an all-time high during the session and a record close, driven by gains in Micron Technology. The Nasdaq Composite added 0.60 per cent,

Has China once again saved the global metal industry, the Australian economy, and the fortunes of people like Chris Ellison of Mineral Resources, along with the sagging renewables sector, especially lithium? That’s a significant question for traders to answer right now. However, after three days of surprise announcements from Chinese government officials and the country’s

Oil dived to a two-week low on Thursday after the Financial Times reported that Saudi Arabia was ready to abandon its $US100-a-barrel price target and increase production in a bid to reclaim market share. West Texas Intermediate crude fell 3.2% to $67.44 a barrel early Friday morning, Australian time, in New York, while Brent crude,

Up-to-date job vacancy figures from the Australian Bureau of Statistics (ABS) are another economic data point likely to frustrate the Reserve Bank in its considerations of inflation, demand, employment, and interest rates. The vacancy figures come a week after the August labour force data, which was much stronger than expected, showing only a slight sign

QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses the company’s renegotiation of the option agreement for the Liberty Lithium Brine Project, which now allows for opportunities in two additional lithium projects in Nevada and Utah. He highlights the strategic importance of being positioned in the US lithium market amid growing demand for battery minerals.