ASX 200 Snaps Win Streak as Energy Weighs on Index
The S&P/ASX 200 Index is experiencing notable declines today, significantly influenced by the downward movement in energy shares, reflected by the ASX Energy Index (XEJ) having lost 2.89% on the day, continuing the trend that has been in place through 2025. An 18.17% in the XEJ YTD highlights some of the challenges facing individual names…
Westpac Shares Give Back YTD Gains as H1 Profit Declines
Westpac shares (ASX: WBC) have shed 2.99% to begin the new week almost back where it started 2025. With financial results for H1 missing expectations, the WBC share price is left clinging on to $0.04 (0.12%) in gains YTD. The bank’s reported net profit after tax reached $3.32 billion, falling shy of the $3.43 billion…
Paladin Energy Appoints New Independent NED
Paladin Energy (ASX:PDN) has today announced the strategic addition to its board with the appointment of Anne Templeman-Jones as an independent non-executive director. The boardroom addition comes with Paladin Energy’s share price having fallen 60% over the past 12 months, and 21% on a YTD basis. This appointment is effective from May 5, 2025, pending…
Rio Tinto Shares to Remain Dual Listed as Shareholders Reject Proposal
In a recent vote, shareholders in Rio Tinto PLC overwhelmingly rejected a proposal to abandon the company’s dual London listing, opting instead to maintain its current structure. The move to drop the listing was proposed by activist investor Palliser Capital, which holds a USD300 million stake in the mining giant. Majority of the shareholders, over…
ASX 200 Recaptures 8,000 as Rally Extends to 4 Days
The S&P/ASX 200 rose by 0.92% to 8,070.6 points today, with energy the driving factor on the day, up 2.46%. This bounce back above the 8,000 level could prove to be a turning point for the index. With a gain of 3.2% having been achieved over the past 4 trading sessions, a return to green on…
How Macroeconomic Trends Can Benefit Bitcoin
Bitcoin has recently suffered a startling price drop. With economic uncertainty abound, crypto is taking a hit across the board. We discuss if Bitcoin may actually be able to benefit from these circumstances in the article below. Crypto investors have had a rocky ride over the past year. From Bitcoin halving events to ETFs,…
Lynas Rare Earths Shares (ASX:LYC) Rally Extends to 19%
Lynas Rare Earths shares (ASX:LYC) have started 2025 in fine form, with gains of 19.14% year-to-date. This marks a significant outperformance to the ASX 200’s negative 5.52% return over the same period. But not all has been smooth sailing. As the world’s largest producer of separated rare earth elements outside of China, Lynas Rare Earths…
ASX 200 Drops 1.8% as VIX (AXVI) Back on the Rise
The ASX 200 faced a notable downturn today, closing 1.8% and wiping out much of Tuesday’s gains, as the implementation of US President Donald Trump’s “reciprocal” tariffs hit hard. The tariffs affected several international trade channels, imposing a 10% tariff on Australian goods and a severe 104% on Chinese imports after an acceleration in trade…
BHP Invests $13 Billion to Streamline Chilean Mining Operations
BHP Group is gearing up for a major investment in Chile’s mining sector, with a planned outlay of $13 billion aimed at revitalising its aging copper mines. This move is aligned with the Chilean government’s recent initiative to expedite the mining permit process, a shift that could benefit not only BHP but the entire mining…
Domino’s Pizza Enterprises Shares (ASX: DMP) Move off Lows
Shares of Domino’s Pizza Enterprises Ltd (ASX: DMP), the global fast-food giant, have moved firmly off the bottom in recent days, with a 7.93% rise over the past two sessions moving the price back above $26. With a new 52 week low of $23.88 being made in Monday’s session, the turnaround will certainly be welcome…
