Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Westpac Banking Corporation has reported a 16 percent drop in net profit (to $3.342 billion) for the first half of the 2024 financial year compared to the same time last year.

Market Open: US jobs growth slowdown triggers ASX optimism

The ASX200 is set to rise today with futures up near 0.45 per cent ahead of market open. A slowdown in US jobs is responsible for the mood.

Market Close: ASX holds green gains and signs off in the sunshine

The ASX200 closed .6 of a per cent up with every sector finishing in the green and consumer discretionary the star of the show.

Week 18 Wrap: Fed prompts joy and pain; modern monetary theory gains traction & Brent takes a breather

The big stories that mattered in Week 18 of 2024 – plus a selection of headlines that caught my interest this week.

Sold out signs go up for RIU Resources Roundup in Sydney

More than 115 companies will be participating in this year's RIU Resources Roundup in Sydney.

Market Update: ASX steps out of the shadow in finest shades of green

The ASX200 is trading up around point seven of a per cent with all sectors glowing green led by Real estate and Discretionary. Real estate is leading the way, up more than 2 per cent discretionary follows, gaining around 1.8%.Company NewsHARHaranga Resources (ASX: HAR) is up 5% on the discovery o...

BPH Energy boost proves conviction – and a nation thinking about energy

BPH Energy got a speeding ticket from the ASX, and it spells out two things: investor conviction, and a nation thinking about energy.

Car EV-olution accelerates Oz into pole position

As the world steers towards a more sustainable future, the surge in electric vehicle (EV) sales is turning industries upside down, and mining is no exception. Australia, famous for its treasure trove of minerals, finds itself right in the middle of this shift, which raises two questions. Firstly,...

Dancing to that same 70s tune, China, and why I'm backing gold

It is too early to judge what concrete measures the Future Made in Australia policy will entail. However, any policy which has a stated aim to screen qualifying capital for suitability at a government level, does not seem like a strong signal for foreigners to get on a plane, come visit some mine sites and invest.