The Latest Breaking News on Markets

ASX finishes at 20-day high, delivery company Milkrun collapses, Latitude Financial rebuffs ransom demand — as it happened

Rapid grocery and alcohol delivery company Milkrun has collapsed, making more than 400 employees redundant by the end of the week, while Latitude Financial has rebuffed ransom demands over last month's cyber attack. Look back at the day's business and markets news with our blog.

ABC News · Apr 10, 2023

3 Stocks From Top Industries to Buy Now

Recession fears are widespread following the high-profile bank failures. Hence, fundamentally strong stocks from top industries, Albertsons (ACI), Hess Midstream (HESM), and ICF International (ICFI) that pay stable dividends might be ideal buys now. Read more.

StockNews.com · Apr 10, 2023

As Demand for This Industry Surges, This Stock Is Lagging Behind

While the energy sector has been sailing smoothly, junior oil and gas company Reconnaissance Energy (RECAF) has been struggling with declining revenue and profitability. The stock has plummeted more than 20% over the past month. Hence, it could be best avoided. Read more.

StockNews.com · Apr 10, 2023

ASX down after Wall St falls on weak economic data, RBA says banks, households resilient but some pockets of stress

The local share market has snapped its eight-session winning streak but still managed a gain for the week. Here's how the day's events unfolded, with insights from our business reporters.

ABC News · Apr 5, 2023

Saudi Arabia hikes oil prices to Asia after OPEC+ shock cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

Tribune News Service · Apr 5, 2023

3 Golden Opportunities for Investors

Yesterday, gold surged past the $2000 mark with a record high in sight after weaker job openings data aided bets that the Fed will ease tightening. Hence, it could be wise to invest in fundamentally sound gold stocks OceanaGold (OCANF), Torex Gold (TORXF), and Dundee Precious Metals (DPMLF), as they…

StockNews.com · Apr 5, 2023

Global shares mixed after Wall St dips on weak economic data

Global shares were trading mixed Wednesday as Germany reported its factory orders surged in February, posting their third successive increase in another promising sign for Europe’s biggest economy

The Independent UK · Apr 5, 2023

Asian shares mixed after Wall St dips on weak economic data

Asian shares are trading mixed following a decline on Wall Street after reports on the U.S. economy came in weaker than expected

The Independent UK · Apr 5, 2023

The Rare ‘A-Rated’ Stock Based on POWR Rating

Energy company CrossAmerica Partners (CAPL) delivered a robust bottom-line performance in the last quarter and fiscal year 2022. Given the rising oil prices and rosy prospects of the energy industry, CAPL might be a solid buy. The stock is rated an A (Strong Buy) in our proprietary rating system. Keep…

StockNews.com · Apr 4, 2023

Voluntary Oil Production Cut: Decision to Balance Demand, Production Levels

Oil and economic experts confirmed that the voluntary oil production cuts taken by oil-exporting countries within OPEC+, starting May and continuing until the end of 2023, aim to achieve market balance. Mubarak Alhajeri, a faculty member at Kuwait's College of Technological Studies, explained that the cut had shocked global markets…

Asharq Al-Awsat · Apr 4, 2023