Santos’ LNG gas export venture in Queensland has emerged as a likely winner from the plan by a Coalition government to flood the east coast market with gas that might otherwise have been exported, as other producers criticised the initiative. The Adelaide-based oil and gas producer stood apart from many… Read More »Santos breaks ranks on Dutton’s gas plan
Dear big business, want to know what workplace issue the government is focused on? Wages, wages and more wages. Employment and Workplace Relations Minister Murray Watt couldn’t have made it any clearer on Tuesday. He said the government got elected to “get wages moving again”, which it has done and… Read More »Fourfold rise in union visits at BHP’s Pilbara mines is not helping wages
Who said the Trump trade was dead? Newsmax, the US conservative news outlet that heavily supports President Donald Trump, listed on the New York Stock Exchange on Monday night and has surged a staggering 1293 per cent in just two days. Who said meme stocks were dead? Maybe a few… Read More »Investors are too calm on eve of Liberation Day
U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy. Futures tied to the Dow Jones Industrial Average lost 911 points, or 2.1%. S&P 500 futures dropped 3.4%. Nasdaq-100 futures lost 4.3%.… Read More »Dow futures tumble 900 points, S&P 500 futures lose 3% on Trump’s tariff rollout: Live updates
Wall Street is hoping April 2 will provide clarity on the U.S. tariff front and a reprieve from the recent market volatility. However, many remain skeptical that any real clarity is coming anytime soon. Stocks have been in turmoil this year, as investors struggle to price in the full breadth… Read More »Investors hope April 2 could bring some tariff clarity and relief. That may not happen
Bond markets have started to dial back expectations that the Reserve Bank of Australia will lower the cash rate as soon as May after the central bank disappointed pundits by acknowledging it had not even considered lowering borrowing costs at its April meeting. The Reserve Bank left the cash rate on… Read More »Traders temper rate cut bets for May after RBA holds its nerve
Australian shares are set to rise in line with trading in New York after more clues about the severity of US reciprocal tariffs, and how trade partners may respond, whipsawed markets. ASX futures were pointing up 0.4 per cent, or by 28 points, near 8am AEDT. Futures rose and fell… Read More »ASX to rise; MinRes to ‘strongly defend’ lawsuit; iron ore rallies
The price of gold is about $5000 an ounce for the first time – and it’s not just investors in the commodity with a glint in their eyes. Money managers see fertile ground to do good business, reopening or launching gold funds as a wall of cash heads toward the… Read More »Gold soars to $5000 in ‘once in 40-year gift’ for investors, fundies
The S&P 500 climbed on Tuesday in another volatile session as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Wall Street also faced pressure from weaker-than-expected economic data. The broad market index added 0.38% to close at 5,633.07, while the Nasdaq Composite gained 0.87% and… Read More »S&P 500 closes higher to start new quarter as traders await Trump’s tariff rollout: Live updates
Check out the companies making headlines in midday trading: CoreWeave — Shares of the cloud provider tumbled more than 7% in its second trading session since going public. CoreWeave, which rents out access to Nvidia graphics processing units to other large tech companies, suffered a disappointing debut last week. Nvidia… Read More »Stocks making the biggest moves midday: CoreWeave, Canada Goose, Tesla, United Airlines and more