There was little change on Wall Street after positive producer price data kept the possibility of a smaller 25 basis point interest rate cut by the US Federal Reserve on the table, while shares in vaccine maker Moderna slumped following a pessimistic sales forecast. The producer price index (PPI) for final demand rose 0.2 percent … Read more
US stocks opened with losses, and a key jobs report did little to dispel the unrest surrounding the expected Fed rate cut.
Wall Street's major indexes rose as investors were relieved after data showed the U.S. economy remained robust, while Nvidia slipped as its largely on-track forecast failed to beat high expectations for the AI chip maker. According to a Commerce Department report, the U.S. economy grew faster than previously estimated amid strong consumer spending.
All three major U.S. stock indices closed slightly higher on a day that supported expectations of a rate cut in September.
Karri Rally racers had the opportunity to show off their shiny cars on Brockman Street on Friday afternoon before the ceremonial start on Friday evening. The Manjimup community had the opportunity to meet racers and take photos in their cars. The road was closed to allow the car enthusiasts to line up their vehicles before … Read more
Wall Street's major indices remain subdued as investors await clues about a September rate cut from the minutes of the Federal Reserve's latest meeting and a symposium in Jackson Hole later this week. Markets were choppy after the S&P 500 and Nasdaq extended gains for the eighth straight session on Monday, their longest winning streak … Read more
Wall Street's major stock indexes extended gains in choppy trading after posting their best week of the year as investors awaited Federal Reserve Chairman Jerome Powell's speech in Jackson Hole for clues about a rate cut. The benchmark S&P 500 index posted a seven-day winning streak on Friday, its longest since October 2023, after a … Read more
U.S. stocks closed higher as investors reacted to the release of the country's housing construction data last month.
A lithium-ion battery caught fire and caused severe damage to a building in East Perth on Saturday afternoon.
Local churches have joined forces to patrol the main streets of Kalgoorlie-Boulder every weekend, providing crisis and pastoral care to vulnerable people. Volunteers from Street Chaplains WA will be out on the streets every Friday and some Saturdays from 11pm until the early hours of the morning with backpacks full of useful resources.