Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted…
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch diagonal display across the dash, including a passenger-only screen; an “executive package” for the second row; power doors; large 24-inch…
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months…
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20 reached May 20. Spot gold jumped 1.8% to $2,465.95 during the session, which is an all-time high according to LSEG…
A massive asteroid will skim past Earth in 2029 in an “extremely rare natural phenomenon” – and a spacecraft will be sent to track it. It’s hoped the findings from the European Space Agency (ESA) mission will help defend our planet from any similar objects on a collision course in…
Although electric vehicle (EV) sales have trended steadily upward over the last five years, industry experts present at Fastmarkets’ Lithium Supply and Battery Raw Materials Conference are concerned that high price points, continued range anxiety and geopolitical tensions could impede future market growth. Although EVs gained market share last year,…
Silver prices have seen significant gains through the first half of 2024, first breaching the US$25 per ounce mark in Q1 before soaring above the US$30 mark to over US$32 in May, a price not seen in more than a decade. After starting the year trading in the US$22 per…
Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”), a mineral exploration company focussed on uranium and gold in Western Australia (WA) and Argentina, is pleased to announce its upcoming listing on the Australian Securities Exchange (ASX) at 10:00am Perth AWST time on Monday 15 July 2024 under the ticker…
Labyrinth Resources Limited (‘LRL’) is pleased to announce that LRL set to acquire Vivien Project and 100% of Comet Vale. Labyrinth Resources Limited (“Labyrinth” or “the Company”) has signed:a binding option agreement with Sand Queen Gold Mines Pty Ltd (“Sand Queen”) whereby Labyrinth has been granted a 12-month option (commencing…
Speaking at this year’s Rule Symposium, which ran from July 7 to 11, Rick Rule, proprietor at Rule Investment Media, shared his updated thoughts on the US economy, including whether a recession is on the horizon. In his view, it’s not guaranteed — he said investors may want to begin…