Full story: https://grafa.com/news/financial-asb-bank-profit-slips-1--as-lending--kiwisaver-funds-surge-495815 ASB Bank, a unit of Commonwealth Bank of Australia (ASX:CBA), has posted a cash net profit after tax of $1.35 billion for the year ended June 30, down 1% on last year. Statutory NPAT fell 0.4% to NZ$1.45 billion. Home lending rose 7%, business an

Full story: https://grafa.com/news/energy-eaton-breezes-past-q2-expectations--posts-strong-profit-490409 Eaton Corp. (NYSE:ETN), the global power management company, announced a robust second quarter, reporting a net income of $982 million. The results not only showcased the company's strong performance but also topped Wall Street's predictions, signaling a positive outloo

Full story: https://grafa.com/news/cryptocurrencies-ethena-warns-users-after-domain-hack-and-front-end-exploit-276226 On September 18, Ethena Labs issued a warning to users after its website suffered a front-end attack caused by a compromised domain registrar account.  Ethena Labs urged users to avoid interacting with any site or application claiming to be associated with Ethena (CRYPTO:ENA) until the issue is resolved.  The website has been deactivated to prevent further exploitation.  Ethena Labs rea

Full story: https://grafa.com/news/cryptocurrencies-jpmorgan-ceo-warns-of-stagflation-and-recession-risk-in-us-economy-275098 JPMorgan Chase CEO Jamie Dimon has issued a warning about the potential for stagflation, despite some signs that inflation might be easing.  Speaking at the Council of Institutional Investors' fall conference in Brooklyn, New York, Dimon emphasised that the U.S. economy still faces significant challenges.  He pointed to rising government deficits and increased spending as factors that could continue to fuel infla

Full story: https://grafa.com/news/cryptocurrencies-analyst-predicts-bitcoin-could-reach-new-highs-273885 Cryptocurrency analyst Kevin Svenson has expressed optimism about Bitcoin (CRYPTO:BTC) as it trades at more than 20% below its previous all-time high set in March.  In a recent video shared with his 79,200 YouTube subscribers, Svenson stated that Bitcoin is "likely just a couple of months away from a new all-time high." Svenson notes that the correction Bitcoin is currently undergoing is a common feature of all market cycles.  He explained, “People may

Full story: https://grafa.com/news/technology-cleanspark-buys-seven-bitcoin-mining-facilities-273606 CleanSpark (NASDAQ:CLSK), known as America's Bitcoin Miner®, has announced a strategic expansion through the acquisition of seven bitcoin mining facilities and related land in the Knoxville area, for a total investment of $27.5 million, equating to approximately $324,000 per megawatt. This significant acquisition underscores the Company's commitment to enhancing its infrastructure and capitalizing on market-leading valuations. The deal, set to be finalized by September 25

Full story: https://grafa.com/news/mining-sun-silver-unveils-antimony-findings-at-maverick-springs-project-272763 Sun Silver (ASX:SS1) announced pXRF analysis results revealing high-grade antimony from a historic drill core in its 100% owned Maverick Springs Project, Nevada, USA. Multiple drilling holes showed significant antimony mineralisation, warranting further exploration to determine full deposit potential. Sun Silver reported anomalous Sb results over 1.3km apart within five historical drill holes. Notably, pXRF readings from hole MR124 indicated high

Full story: https://grafa.com/news/auto-and-cars-tesla-rises-on-record-china-sales-in-august-2024-272430 Tesla's shares (NASDAQ:TSLA) climbed 2.3% to $215.62 in premarket trading, buoyed by positive news from its key market in China. New energy vehicle sales in China surged 43.2%, accounting for a record 53.5% of total car sales. While BYD set a sales record, Tesla recorded its best month of the year, exporting 23,241 China-made vehicles in August. In another boost to Tesla, its supplier, Panasonic Energy, has completed preparations for mass-production of high-capaci

Full story: https://grafa.com/insights/mining-can-australia-s-lithium-industry-survive--271692 Australia produces lithium primarily from hard rock mining of spodumene deposits, not from lithium brine sources.  But there is a big problem emerging, in that lithium brine production is more cost effective and more environmentally friendly than spodumene mining. Spodumene mining, a traditional method that involves extracting lithium from hard rock, often requires extensive land disruption, heavy machinery, and the generation of significant amounts of waste.  Brine extract

Full story: https://grafa.com/news/united-states-saic--nyse-saic--sees-2--revenue-boost-in-q2-fiscal-2025-271188 Science Applications International Corporation (NYSE:SAIC) has disclosed its financial outcomes for the second quarter of fiscal year 2025, demonstrating steady growth amidst challenging market conditions. The defense contractor reported revenues of $1.82 billion, marking a 2% increase in organic growth. The company's net income was recorded at $81 million, with an adjusted EBITDA of $170 million, representing 9.4% of total revenues. Additionally,

Full story: https://grafa.com/news/united-states-nio--nyse-nio--reports-record-q2-vehicle-deliveries--revenue-spike-271180 NIO (NYSE:NIO), a leading electric vehicle manufacturer, has announced its unaudited financial results for the second quarter of 2024, showcasing substantial growth in vehicle deliveries and revenue. For Q2 2024, NIO achieved total revenues of RMB17.446 million (approximately USD 2.401 billion), marking a striking 98.9% increase compared to the same period last year. This growth is primarily attributed to a significant rise in v

Full story: https://grafa.com/news/cryptocurrencies-el-salvador-reflects-on-bitcoin-adoption-and-future-outlook-268624 In a recent interview with TIME, Nayib Bukele, the President of El Salvador, shared his thoughts on the country's experience with Bitcoin (CRYPTO:BTC) since adopting it as legal tender. Bukele described the initiative’s outcomes as "net positive" but acknowledged that widespread adoption has not fully met initial expectations. While some Salvadorans and large businesses like McDonald’s have embraced Bitcoin for transactions, the extensi

Full story: https://grafa.com/news/cryptocurrencies-china-based-csam-networks-see-alarming-growth-using-crypto-268003 Chainalysis has reported a troubling rise in China-based networks distributing child sexual abuse material (CSAM), with these vendors now accounting for nearly 39% of global inflows in the first quarter of 2024. The report highlights the sophisticated use of cryptocurrency by these networks to facilitate illegal activities, marking a significant increase in crypto-related crime. The report notes a sharp increase in on-chain activity from

Full story: https://grafa.com/news/economy-agricultural-market-highlights--orange-juice-prices-surge-by-4-19--265435 The top commodity gainers in recent trading include Orange Juice, which increased by 4.19%, followed by Sugar at 3.26%, and Oat at 3.19%. These commodities have shown notable positive price movements. The biggest losers in the commodities market are Lumber, which dropped by 2.96%, Wheat with a decline of 1.22%, and Wool, which fell by 0.98%.

Full story: https://grafa.com/news/business-news-strike-energy--asx-stx--granted-production-licence-for-west-erregulla-gas-field-261553 Strike Energy has been granted production licence L25 for the West Erregulla gas field by the Department of Energy, Mines, Industry, Regulation and Safety. The licence marks a significant milestone for the EP469 joint venture, in which Strike holds a 50% working interest and is the operator. The West Erregulla gas field, located in the North Perth Basin, holds an independently estimated gross of 452 PJ of 2P re

Full story: https://grafa.com/news/business-news-volt-resources--asx-vrc--raises--500-000-to-bolster-operations-261653 Volt Resources announced a successful $500,000 capital raise by securing firm commitments via convertible notes from professional and sophisticated investors. The funds are set to refinance an existing loan, support the company's US downstream operations, and be used for general working capital and corporate purposes. The initiative aligns with Volt's fiscal discipline strategy that saw its net cash outflows significantly reduced from $9.5 mill

Full story: https://grafa.com/news/zan-teams-with-mysten-labs-to-boost-web3-infrastructure-260615 ZAN, the web3 technology brand of Ant Digital Technologies, has partnered with Mysten Labs, a key contributor to the Sui blockchain, to advance the development and adoption of web3 infrastructure. The collaboration aims to integrate Sui into ZAN's ecosystem, accelerating the development of ZAN’s web3 applications with a focus on scalability and accessibility. Mysten Labs will lend its technological expertise in two critical areas: KYC infrastructure and RPC node services, which are ess

Full story: https://grafa.com/news/gold-fields--nyse-gfi--to-acquire-osisko-mining-for--1-57b-260181 Gold Fields (NYSE:GFI) has entered into a definitive agreement with Osisko Mining to acquire all issued and outstanding common shares of Osisko. This acquisition will grant Gold Fields a 50% interest in the Windfall Project in Canada, a joint venture with Osisko. Under the terms of the agreement, Gold Fields will purchase the Osisko shares at C$4.90 per share in cash, amounting to a total transaction consideration of approximately C$2.16 billion (US$1.57 billion) on a fully dilut

Full story: https://grafa.com/news/new-fortress-energy--nasdaq-nfe--q2-results-miss-expectations-259580 New Fortress Energy (NASDAQ:NFE) experienced a sharp decline in its second-quarter performance, failing to meet earnings expectations due to operational delays at its floating LNG export facility off the coast of Altamira, Mexico. For the quarter, New Fortress posted a net loss of $88 million, equating to a loss per share of 44 cents. This result was substantially below the consensus estimate of nine analysts surveyed by LSEG, who had anticipated earnings of 7 cents per sha

Full story: https://grafa.com/news/carnaby-resources--asx-cnb--unveils-major-copper-discovery-at-greater-duchess-project-256833 Carnaby Resources announced a new copper discovery at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. The highlight of this discovery is the Mohawk prospect, situated 1.5km southeast of Mount Hope, showcasing geological potential. A ground electromagnetic survey revealed a robust conductor, with a modelled conductor plate measuring 200m x 60m, starting at 100m below the surface. Assay results from the initial co