Myer sales and rate rise pain 🛍️

Want to see how interest rates affect the economy? Take a look at Myer (ASX:MYR). It just reported its results, and named the causes for a tough year: rate rises, higher fuel prices, slower income growth and a weaker housing market. Here`s the chain. Rates go up, so your repayments go up. That money has to come from somewhere, and it usually comes from the stuff you want rather than the stuff you need. Myer discounted harder to get people through the door, which means it sold roughly the same amount of stuff for less profit. Markets are betting that the RBA hikes again next week. Myer has already shown us what that will look like.

#myer #shopping #fintok #housing #money

HeraMED (ASX:HMD) CEO and Managing Director, Anoushka Gungadin has presented at The Stock Network`s ASX Gems Investment Conference: AI Spotlight.

Pengana Private Equity Trust (ASX:PE1) Investment Specialist, Will Dougall has presented at The Stock Network`s ASX Gems Investment Conference: AI Spotlight.

Meta`s new AI doesn`t chat. It shops 👛

Meta made a fortune selling ads, so why has it built an AI to run your errands? The owner of Facebook recently launched Muse. It doesn`t just chat. It sends emails, books travel and buys things for you. Within ten days, it hit No. 1 on the US App Store. Meta may not have the top AI, but its real edge is that it`s already part of people`s daily lives. Muse also works inside Meta`s popular messaging service WhatsApp. Muse is US-only for now. If it comes to your country, would you let it spend your money? Meta says it checks with you before it buys anything. But an AI with your wallet has to be right every time. So why errands? Ads pay Meta when you look. An agent can charge you a subscription for doing the work. Meta wants both.

White Cliff Minerals (ASX:WCN) reports a new copper discovery at Bornite Hills within its Rae Copper Project in Nunavut, Canada, with its first-ever diamond drilling at the asset intersecting broad bornite-dominant mineralisation more than 60m below a historic high-grade surface occurrence.

⛏️ Broad bornite mineralisation: First-ever drilling at Bornite Hills intersected more than 32m of bornite-dominant mineralisation in hole BNH26003, including intervals of semi-massive bornite. Hole BNH26001A also intersected 13.7m of bornite-chalcopyrite mineralisation in veins and breccias.
📍 High-grade surface occurrence: The drilling follows historic trenching that returned 3.66m at 46.99% copper. Mineralisation has now been confirmed more than 60m vertically below the surface occurrence, while approximately 725m of prospective strike remains largely untested.
🌎 Rae Project copper potential expands: Bornite Hills adds another copper discovery to the Rae Project. White Cliff has also completed eight additional diamond holes across the Rae Group-Husky Creek Formation contact, confirming copper mineralisation across a regional footprint of more than 10km².

“We now have a clear follow-up target at Bornite Hills, while the new airborne magnetic, gravity and radiometric survey will help map the wider structural and sedimentary system and prioritise the strongest targets for 2027 drilling.” Troy Whittaker, White Cliff Minerals Managing Director

How the ASX 50 index works 📉

How can a company get promoted to the ASX 50 in a year its share price dropped? Data centre operator NEXTDC (ASX:NXT) was just officially added to the index. So how did it get in? It didn`t push anyone out. Two seats opened up. When S&P rebalanced the index, tech company WiseTech and hearing implant maker Cochlear dropped too far down the rankings to stay. NEXTDC and Mineral Resources took their places. TSN`s take? That`s the lesson. The ASX 50 isn`t a list of the fifty best companies. It`s a list of the fifty biggest. When the companies above you shrink, you can move up without growing at all. An index tells you how big a company is. It doesn`t tell you how well it`s doing.

#ASX #stocks #fintok #finance #money

AI Private Opportunities Trust (ASX:AIX) Executive Director Adam Myers has presented at The Stock Network`s ASX Gems Investment Conference: AI Spotlight.

Alligator Energy (ASX:AGE) is advancing its flagship Samphire Uranium Project in South Australia, where it plans to extract uranium through a low-cost in-situ extraction method. The company has recently added the Plumbush deposit to the Samphire resource, completed its field recovery trial and launched an extensive drilling program to grow the project further. Alligator Energy CEO and Managing Director Dr Andrea Marsland-Smith joins The Stock Network`s Lel Smits to discuss Samphire`s growth, the path to production and the outlook for uranium.

🇦🇺 Appeal of the Samphire Uranium Project in South Australia
⚒️ Plumbush grows the Samphire uranium resource
🗺️ Big Lake extends Alligator Energy`s uranium opportunity
🚀 Uranium demand and market outlook