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- ASX NEWS LIVE | ASX to Rise with Wall St; Rio Tinto Buys Arcadium Lithium for $9.9b The ASX is set to follow Wall St higher as the S&P 500 and Dow Jones closed at record levels before the US CPI print due this evening.
ASX News Updates
Rio Tinto [ASX:RIO] Eyes Lithium Future with Arcadium Approach
Arcadium Lithium’s stock is up by 44% as Rio Tinto approaches the lithium giant for a takeover deal. Is this a good time for investors to think about lithium?
Commodities
Have We Hit the Max Tax Threshold?
At some point, hiking taxes actually cuts revenue. And then the spending cuts must begin. The UK may have hit the threshold already. Investors should watch for the consequences.
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Technology
Why This Could Be as Good as It Gets for Big Tech
After a disappointing earnings season, big tech stocks are now fragile. Despite many hitting guidance targets, the market isn’t satisfied.
Just look at Nvidia. Its revenue doubled over the past year to hit US$30 billion for the quarter.
What did the market think about that? Its share price is down 17% since then.
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