The share price of gold explorer De Grey Mining Ltd [ASX:DEG] has kicked off the week heading in the right direction. DEG today announced yet another extension at their Hemi Gold Project in WA. This time hitting thick, high-grade gold mineralisation near the surface at the Falcon intrusion. When we last analysed the DEG share […]
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Hertz dumps Teslas for ICE cars as EV demand gets re-appraised
Here’s a twist. Rental giant Hertz will sell about 20,000 electric vehicles (EVs), including a lot of Teslas it bought just two years ago from Elon Musk’s automaker. Reuters reports: ‘Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs even though it had […]
FedEx cuts revenue forecast, shares sink
Huge delivery firm FedEx is down ~10% after hours in the US after cutting its full-year revenue forecast, with quarterly profit falling more than expected. Announcing its latest quarterly results, FedEx said: ‘We expect revenue will continue to be pressured by volatile macroeconomic conditions negatively affecting customer demand for our services across our transportation companies.’ FedEX management […]
US Auto loan delinquency rates climb to highest levels since 2008
American consumers are starting to feel the pinch of rising interest rates by the Fed. This tightening cycle began back in March 2022 but has taken some time to hit everyday Americans as many had houses fixed on long-term mortgages. Many of these are starting to unwind into floating or higher fixed rates, which are […]
US Auto loan delinquency rates climb to highest levels since 2008
American consumers are starting to feel the pinch of rising interest rates by the Fed. This tightening cycle began back in March 2022 but has taken some time to hit everyday Americans as many had houses fixed on long-term mortgages. Many of these are starting to unwind into floating or higher fixed rates, which are […]
How a New World Order May Impact Your Money
Ongoing coverage of China’s economic woes continues…why the mainstreams fixation on a ‘China bust’ is nothing new and not worth paying attention to…how growing demand for lithium and lithium assets is shaping China’s future…and why investors should look for the short-term opportunities in trends like these…