Category: News

US markets had a slight pullback overnight after minutes released from the latest Fed meeting revealed that the door was still not entirely closed to additional rate hikes if required. The Dow Jones was down 0.2%, S&P 500 down 0.1% and the Nasdaq was down 0.5% in afternoon trading.

‘Tis the season to be jolly, and we all know what that means: everyone’s favourite Christmas movies will be doing the rounds.

Since OpenAI’s shock announcement that Sam Altman would step down as CEO last Friday, a number of interesting developments have taken place.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, East 72’s Andrew Brown selected Exor (AMS: EXO) as one of his favourite stocks, sharing some of his thoughts on…

VP Minerals (VPM) believe there is an opportunity for mineral exploration companies in Australia to implement low-cost mining methods in the development of mineral sands projects.They also believe this can be environmentally friendly, with much smaller capital expenditures to initiate and can remove a decent chunk of the processing and metallurgy risk that is always present with rare earths deposits if paired up with established oxide separation facilities.

Positive inflation data from the US overnight sparked a rally on Wall Street. The Nasdaq led the index group with 2.4% of gains, followed by the S&P 500 with 2.1% and the Dow Jones with 1.4%. ASX 200 futures were up around 1.3% at 7am AEDT, and the Australian dollar surged to above US$65c.

Pitt Street Research has released an equity valuation report on clinical stage oncology company Prescient Therapeutics (ASX: PTX) that outlines a prosperous and swift path to market for their most advanced asset, PTX-100, while highlighting the utility of PTX’s cell therapy platforms OmniCAR and CellPryme.

The Melbourne Spring Racing Carnival has wrapped up for another year, with four big days of punting, fabulous outfits and, most importantly, elite horse racing.

They thought they would be flush with cash, but they were caught with their pants down instead.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, East 72’s Andrew Brown selected Vivendi (EPA: VIV) as one of his favourite stocks, sharing some of his thoughts on…

Another rate rise by the RBA on Melbourne Cup Day which took the cash rate target to 4.35% saw the Australian dollar and bond yields tumble. Investors were wrong-footed by the RBA’s softer-than-expected stance, as it signalled that while it would be willing to hike further if required, it is reluctant to do so unless absolutely necessary.

The two months leading up to Christmas are often critical for Australia’s retail sector, and this year is no different, with pre-Christmas spending in 2023 tipped to edge in line with last year’s results.