ASX News Live | ASX Edges Higher; Megaport Sinks; Whitehaven, Beach Energy, BHP Feature
ASX edges higher on Wednesday. Whitehaven and Beach Energy release production updates. Megaport plummets on global update.
Macroeconomic News: Insights into Economic Trends and Developments
Rio Tinto Flat on Release of Q3 Results
The world’s second-largest mining corporation, Rio Tinto [ASX:RIO], released its third-quarter production results on Tuesday. RIO shares are down 20% year to date. Source: tradingview.com RIO’s Q3 production and operations Rio Tinto released the latest production results for the third quarter of 2022. Here are the production highlights: Bauxite production was 2% lower than in […]
A Very Slight Recession
We are breathing a lot easier, how about you? We had been worrying that a devastating recession would plunge the US into chaos…losses…and confusion…giving the Fed the smokescreen to go back to what it does best — causing inflation…
You Need the TRUTH to Make Informed Decisions — Part One
Newton’s Third Law of Motion foretells the busting of this massive asset bubble — whether it be short and sharp or long and protracted — is destined to inflict a great deal of financial pain.
CSL Outlines Growth Strategy Following Vifor Acquisition
CSL [ASX:CSL] released an investor briefing presentation on Monday, providing further detail on its Vifor acquisition, along with a business and strategy update. CSL believes its recent US$11.7 billion acquisition of iron deficiency business Vifor will accelerate the company’s growth by bulking up its product pipeline, even if questions over ‘IP cliffs’ remain. CSL shares […]
A Multistage Disaster
A lot of red on the screen last Thursday. The latest inflation readings were worse than expected. The Dow dropped 500 points. Remember, we’re only in the very first stage of what we believe will be a multistage disaster.
