ResMed Shares (ASX: RMD) Enjoy Strong Week And Earnings
The stock market has greeted ResMed Inc. (ASX: RMD) with enthusiasm as its share price rallied on Friday morning above $33, defying the general trend of market sell-offs before succumbing and settling at $31.80 to end the week up 4.7%. The medical equipment company, known for its sleep-related products, has come into the limelight following…
AUD/USD Falls Gradually Over Recent Weeks
In the world of foreign exchange, the US Dollar (USD) has been making steady gains against the Australian Dollar (AUD). Over the last month, AUD/USD, also known simply as AUDUSD, has witnessed a 2.15% dip. As of this afternoon, the currency pair stood at $0.6515, with the more pronounced fall in the pair taking place…
ANZ Finalizes Suncorp Bank Takeover
ANZ shares (ASX: ANZ) have bounced of the $28.50 support level and gained again today, climbing 0.65%, to close at $29.24 on the back of the successful acquisition of Suncorp Group Ltd’s (ASX: SUN) banking operations. YTD gains now tally 12.5% for the stock, as it trades close to 52 week highs. The acquistion which…
BHP Boosts Copper Operations, But Share Price Close To 52 Wk Lows
BHP shares (ASX: BHP) experienced a decline in share price amid a tough trading session, with its stocks dropping 1.26% to $41.54. This brings the stock close to the 52 week lows of $41.02, with many wondering whether the price is ready to break upwards off support, or break down further. Despite this downturn, the…
Down 15% YTD, What Is The Latest From Rio Tinto?
Rio Tinto shareholders have had a rockier start to 2024 than they would have liked. With the RIO share price (ASX: RIO) having dipped 15% YTD, the similar level of gains seen through 2023 are now looking to be in the rear-view mirror. The level of support found around the $115 level seems to want…
Fortescue Ramps Up Green Hydrogen Investment
Fortescue Metals Group (ASX:FMG) has announced its intention to bolster investment in green energy technology. Despite recent challenges that have led to a recalibration of its production targets, the mining juggernaut remains steadfast in its pursuit of zero-emissions hydrogen as a cornerstone of its sustainability agenda. The share price is now down more than 30%…
Macquarie Group Shares (ASX: MQG) Dip Amid Q1 Shake-Up
In the initial quarter of the financial year 2025, Macquarie Group Ltd (ASX: MQG) exhibited a mixed performance that resulted in a noticeable dip in its share price. Thursday’s trading session saw the company’s shares fall by 3.14%. This decline arrived despite Macquarie showing resilience through some of its core operations Macquarie’s annuity-style businesses, which…
Paladin Energy Shares (ASX: PDN) Dip Post Update
Paladin Energy shares (ASX: PDN) have fallen by 11% over the past 5 trading sessions, as the release of its quarterly update failed to get markets going. The shares closed at $12.05, marking a decrease a little over 3%. During the quarter, the company celebrated a significant milestone with the Langer Heinrich uranium mine in…
All Ords Closes Back Above 8200
In a sharp contrast to recent days, the ASX 200 staged a modest rebound, rising 39.4 points to close up 0.50%. The resurgence was led by remarkable performances in the technology, consumer discretionary, and health care sectors. The All Ords also performed well on the day, up 0.52% to outperform the 200. At the forefront…
Fortescue Realigns Priorities as it Enters Third Decade
As Fortescue Metals Group (ASX: FMG) marks its 21st year in operation, the mining giant is demonstrating a shift in strategy, with a new focus on more conventional green energy projects. This realignment suggests a maturation in the company’s approach towards its ambitious clean energy goals. Founded by billionaire Andrew Forrest, Fortescue has indicated that…
