Wall Street has finished sharply higher, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth.Ten of the 11 major S&P; sector indexes advanced, with financials, materials and technology among the top performers.
Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is completing preparations for the hydraulic stimulation and extended production test of Carpentaria-2H. Hydraulic stimulation of C-2H is expected to commence around the end of June 2022.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that joint venture approvals have been provided for Santos as operator to carry out certain key activities related to the planned drilling of three sub-salt exploration wells in 2023.
Crowd Media Holdings Limited (ASX:CM8) (FRA:CM3) is pleased to announce the execution of two separate commercial agreements for its artificial intelligence Talking Head platform to be integrated into the media search sector and NFT marketplace.
Nanollose Limited (ASX:NC6) (FRA:N0L) is pleased to advise that it has entered into a Collaboration Agreement with Paradise Textiles Limited, a technology first, material science and innovation business, working to reinvent the fabric of fashion.
Allowing citizens to dip into their retirement accounts to help them afford their first home is common practice overseas, but experts say it's hard to know the extent to which they've jacked up house prices.The Morrison government's election-eve proposal to allow Aussies to withdraw a portion of their super for a first home deposit has prompted fierce debate, with the superannuation industry and some housing advocates claiming it would raise house prices.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 16 May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,687m at 0600 hrs ACST in the Lower Stairway Formation.
Australia Sunny Glass Group Ltd (NSX:AG1) is one of Australia's leading manufacturers and suppliers of specialist architectural glass products to the commercial and residential building industry, predominantly in the east coast markets of New South Wales and Victoria.
Wall Street has ended lower, with energy stocks rallying and Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.China's economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to fears the economy could shrink in the second quarter.
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is pleased to provide an update on its underground drilling program targeting the Gap Zone at the Morning Star Underground Gold Mine in northeast Victoria.