Category: News

Just a day away from another Fed rate hike decision, US markets have surged after fourth quarter inflation data showed labour costs had increased at their slowest pace in a year. The S&P 500 stacked on almost 1.5%, the Nasdaq over 1.6%. Data released yesterday showed demand for US crude and petroleum products also rose in November, which combined with a slightly weakened US dollar allowed Brent oil to finish up 1% last night.

The largest solar power project in Australia’s history has hit a brick wall, with two of Australia’s richest billionaires now battling it out in a high profile rivalry that is forming the debate on what is the most viable form of renewable energy.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In July, Horizon 3 Healthcare’s Matt McNamara selected EBR Systems as one of his favourite stocks, pointing to the company’s patented wireless…

meldCX’s AI testing results produced 99.25% accuracy, which is in excess of their target accuracy baseline with the client and is set to help the largest poultry producer in the US reduce waste, assist with employee overheads and help ease the restraints of staffing shortages. This is another example of why meldCX’s AI platform is being adopted by some of the largest companies in the world.

The ASX 200 is now less than 2% away from it’s all time high, after stacking on around 7% January gains in a strong start to the year. Traders will be eagerly watching fourth quarter CPI data that gets released today at 11:30am (AEDT), with the RBA forecasting 6.5%. The VIX continues to hover around 19-20 while all US index’s ended the day only marginally different Monday.

Guess what’s not being made in China. Enough babies. China has been losing ground to its neighbour just over the Himalayas, India in terms of population growth. Chinese authorities in Hong Kong took this as a cue to contact recently married women, inquiring whether they expect to be expecting.

Pandemic era feasibility studies that have fast become outdated are driving a forecast 11% reduction in capital expenditure on mining projects during 2023. It is estimated that capex peaked in 2012 at US$164.1 billion, largely driven by iron and gold project development which accounted for 58% of this expenditure. It reached a recent low of $65.8 billion in 2016, with gold and iron ore making up almost two thirds of the annual decrease.

A culmination of rising interest rates and the maturation of cheap fixed interest loans has rapidly changed the small to medium business finance sector.

Over the past few decades, the world has grown savvy to the benefits of cannabis with the industry reporting in October 2021 that at least 30 countries had legalised its medicinal use creating a market estimated to be worth $80 billion in 2024.

Australian investors finally had time to breathe after the RBA took their first monthly break since beginning one of the fastest rate hiking cycles in history. It’s been a good opportunity to digest the economic data coming out of the US and observe how the market is reacting.

After a relatively flat day, markets eased lower after the RBA’s final rate hike of the year yesterday afternoon. Led by weaker US markets overnight, which were down by around 2%, the ASX 200 wiped out Monday’s gains of around 0.3%.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In July 2022, Armytage Private Limited’s Founder and Executive Chairman selected ARB Corporation as one of his three favourite stocks, labelling the…