Rio Tinto Sparks Boron Bidding War
Rio Tinto (ASX:RIO) is attracting serious attention this week after Bloomberg reported that the mining giant is preparing to sell its California boron operations in a deal that could fetch up to US$2 billion. More than a dozen potential buyers have already circled the assets, with binding offers expected…
The ASX 200 surged more than 4% last week after the United States and Iran agreed to a two-week ceasefire on 8 April, mediated by Pakistan. It was the local market's strongest weekly performance since October 2022, and it created a sharp divide between the stocks that soared and the stocks that crashed.
But here is…
Whitehaven Coal cut debt costs, but coal prices still matter
Whitehaven Coal (ASX:WHC) fell 3.2% last Friday (10 April) to close at A$8.12, dipping as low as A$7.81 intraday, despite announcing a A$853m refinancing deal at approximately 6% per annum. In just one week, Whitehaven settled its US$500m deferred BMA acquisition payment and secured a…
Viva Energy Drops After Refinery Support Boost
Viva Energy (ASX:VEA) tumbled roughly 10% on Wednesday, April 8, as a sudden Iran-US ceasefire sent oil prices crashing more than 16% in a single day, pulling the entire energy sector lower with it. At first glance, this makes little sense. The Federal Government had just upgraded its…
ASX Travel Stocks Rally on Ceasefire Oil Drop
Virgin Australia (ASX:VGN) surged 13%. Qantas (ASX:QAN) jumped 8%. Flight Centre (ASX:FLT) climbed strongly. Wednesday was one of the best single sessions ASX travel stocks have seen all year, and the reason is straightforward. Trump announced a two-week ceasefire with Iran, oil prices crashed 15%, and investors…
Fortescue Falls on Diesel Supply Fears
Fortescue (ASX: FMG) shares fell 1.32% to A$20.26 in Friday's session as the mining giant found itself caught between two competing headlines. On one hand, the company is pushing harder than ever on its Pilbara renewable energy rollout. On the other hand, a worsening global diesel supply crunch is…
ASX Mining Stocks Under Pressure as Iron Ore Falls
Iron ore has slipped to around US$103 per tonne on the Singapore Exchange, testing levels not seen in over a month, as Chinese ports hold near-record amounts of the steel-making ingredient- 177.5 million tonnes across 47 major facilities. For investors in BHP (ASX:BHP), Rio Tinto (ASX:RIO)…
Life360’s AI move could be a buying chance, not a warning
Life360 (ASX: 360) shares fell 3.28% to A$19.48 on Friday after CEO Lauren Antonoff announced a workforce reduction to transition the company towards an "AI-native model". The exact number of roles cut hasn't been disclosed, but the market's reaction was swift and negative. For…
Thursday was a rough day if you owned ASX energy stocks given oil crashed 15%. Woodside (ASX:WDS) fell more than 10%. Santos (ASX:STO) dropped 6%. Beach Energy (ASX:BPT) slid 7%. The rest of the ASX actually rallied on the same day, making energy the one sector left bleeding.
And it was all because Trump announced a…
Tamboran falls on a major capital raise
Tamboran Resources (ASX:TBN) fell around 17% yesterday after announcing a major capital raise priced at A$0.25 per CDI, roughly 22% below the previous close of A$0.32. For shareholders watching their holding drop overnight, the reaction is understandable. But here is the thing: this selloff was not caused by…
