Huge crowds of devotees gathered across India this month to celebrate the Hindu festival Ganesh Chaturthi, marking the birth of the deity Ganesha, the elephant-headed, round-bellied god of prosperity and wisdom. The 10-day festivities saw worshipers hoist elaborately painted clay idols of Ganesha towards the sky and submerge them in water…
As of Tuesday, the CME’s FedWatch Tool gave a 67% chance of a 50 basis-point rate cut—way up from the 25-point cut everyone was betting on just days ago. A rate cut could send the price of gold soaring past its all-time high, so investors and goldbugs are on edge,…
The broader stock market indexes are still in a holding pattern as investors await the Fed’s decision on Wednesday. Tuesday’s price action was a little like a “Whac-a-Mole” game for the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ). Both indexes poked above their downward-sloping trendlines (the Nasdaq’s line is steeper)…
The cobalt market is facing high demand, but analysts advise that production is also on the rise. One of the metal’s main catalysts is excitement about electric vehicles. The lithium-ion batteries that power electric vehicles require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities…
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to share its Entitlement Offer Booklet. For a pro rata non-renounceable Rights Issue to Eligible Shareholders on the basis of one (1) New Share for every four (4) existing Shares held by Eligible Shareholders on the Record Date at…
Speaking ahead of the US Federal Reserve’s much-anticipated September meeting, John Reade, senior market strategist at the World Gold Council, shared his thoughts on where gold is in the current cycle. ‘Coming up to what is widely expected to be the start of a US rate-cutting cycle, ironically you could…
First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) has introduced a voluntary retirement scheme for employees at its Cobre Panama mine as it awaits government action on whether operations will be able to resume. This comes after the mine’s closure in November 2023 due to a ruling from Panama’s Supreme Court that declared…
Only a month after the discovery of the second largest diamond ever recorded, Lucara Diamond (TSX:LUC,OTC Pink:LUCRF) has announced the recovery of another significant stone from its Karowe mine in Botswana. The new find is 1,094 carats compared to the massive 2,942 carat rough diamond uncovered by Lucara in August,…
BPH Energy Limited (BPH) (ASX: BPH) and Bounty Oil & Gas NL (Bounty) (ASX: BUY) for the PEP11 Joint Venture announce that today that the Hon Ed Husic MP, Minister for Industry and Science, has advised that he has carefully considered the PEP-11 Exploration Permit applications under the Offshore Petroleum…
Microsoft (NASDAQ:MSFT) announced it is developing a new platform aimed at helping cybersecurity firms operate without accessing the kernel mode of its Windows operating system. Bloomberg reported that the company’s move comes after an incident in July when an update from CrowdStrike Holdings (NASDAQ:CRWD) caused a widespread outage affecting millions…