Latest news for Artemis Resources (OTC:ARTTF) Stock

Artemis Resources Ltd operates in Australia as a mineral and mining exploration company. The company is focused on exploration in the West Pilbara for gold, cobalt, base metals, platinum, and platinum group elements. Some of its projects include Armada/Paterson Range, Carlow Castle, Radio Hill Processing Plant, and Munni Munni PGE Project, among others. The firm has two reportable segments, mineral exploration activities, and development expenditure.

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Stocks That Hit 52-Week Lows On Thursday

ARTEMIS RESOURCES ORD by Artemis Resources Ltd West Perth WA

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

In a year marked by three consecutive rate cuts totaling 100 basis points, Federal Reserve Chair Jerome Powell said the Fed is shifting gears to a more cautious stance heading into 2025 as interest rates move tantalizingly close to a neutral <a href="https://www.benzinga.com/news/econ-s/24/12/42561549/fed-slashes-interest-rates-by-0-25-as-predicted-december-dot-plot-flags-only-2-potential-cuts-in-2025">environment for the economy.</a>
Following the latest 25-basis-point reduction announced Wednesday, the federal funds rate now sits at 4.25%-4.5%, the lowest since January 2023.
&#8220;We&#8217;re significantly closer to neutral,&#8221; Powell said during the post-meeting press conference. &#8220;From this point forward, it's appropriate to move cautiously and look for further progress on inflation,&#8221; he added. 
<h3 class="wp-block-heading">Powell Confirms Slower Rate Cuts On The Horizon</h3>
&#8220;I think from here it&#8217;s a new phase and we&#8217;re going to be cautious about further cuts," the Fed chair said.
The Fed&#8217;s December dot plot projects only two additional 25-basis-point cuts in 2025, compared to the four anticipated in September. The updated projections peg the federal funds rate at 3.9% by the end of next year and 3.4% by the close of 2026.
&#8220;With today&#8217;s action, we have lowered our policy rate by a full percentage point from its peak, and our policy stance is now significantly less restrictive,&#8221; Powell said. 
This shift toward caution was reflected in the FOMC's statement, which introduced new language about the &#8220;extent and timing&#8221; of future adjustments. 
Powell indicated that &#8220;extent&#8221; refers to how much room the Fed has left to cut rates without overstimulating the economy, while &#8220;timing&#8221; suggests a slower pace of change going forward.
<h3 class="wp-block-heading">Inflation Job Not Over, Labor Market Gradually Softer</h3>
Despite this year's progress, inflation remains a thorn in the Fed's side. 
Headline PCE inflation is now expected to reach 2.5% in 2025, up from the September estimate of 2.1%. Core PCE inflation is also forecast to hit 2.5%, up from 2.2% previously. 
Powell highlighted the challenges of achieving the Fed's 2% target: "While we've made a great deal of progress, it has been slower than we had hoped."
Despite the challenges, Powell struck a confident tone about the Fed's ability to bring inflation sustainably back to its 2% target. 
"We're not going to settle for anything less than 2%," Powell said. "It might take another year or two, but we are on the path."
Powell described conditions as &#8220;solid,&#8221; with the unemployment rate at 4.2%, the same as it was in July.
While job creation has slowed, Powell dismissed concerns of significant downside risks. "The labor market is gradually cooling in an orderly way," he said.
The hiring rate remains low, signaling reduced demand for workers, but layoffs are not increasing, Powell said. "This is a good labor market," he added. &#8220;Wages are growing at a healthy, sustainable pace, and we aim to keep it that way.&#8221;
<h3 class="wp-block-heading">Trump And Tariffs Risks</h3>
Powell also addressed questions on fiscal policy risks under the incoming Trump administration and inflationary effects of tariffs.
When asked whether policymakers factored in risks tied to the potential policy shifts under a new Trump administration, Powell struck a measured tone, stating the Fed is monitoring potential fiscal developments but refraining from speculation until specific policies are announced. 
"We're in a good place, but fiscal changes can influence inflation and economic growth," he said.
&#8220;We're in the phase of monitoring potential outcomes, not making policy assumptions.&#8221;
On tariffs, Powell said that while one-time tariff-driven price increases don't always translate into persistent inflation, the Fed will take a &#8220;careful and measured approach&#8221; in evaluating the effects if new tariffs are enacted. 
<h3 class="wp-block-heading">Market Plummets After Powell&#8217;s Remarks</h3>
Following Powell&#8217;s remarks, Fed futures imply just 37 basis points of cuts in 2025, down from 49 basis points immediately after the Fed statement. 
The S&amp;P 500 index — as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — extended its session losses during Powell&#8217;s press conference, tumbling by 2.6%, eyeing its worst session since September 2022.
The Nasdaq 100 tumbled by 3.5%, the Dow fell 2.3% and small cap stocks in the Russell 2000 tanked over 4%. 
The U.S. dollar index, trackd by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rocketed by 1.2%, reaching highs last seen in November 2022.
Gold plummeted over 2% and silver fell by 3.5%.
Bitcoin nosedived by 5.5%, hovering around $100,000.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: US Fed Rate Cut &#x7C; FOMC Meeting &#x7C; Jerome Powell Speech LIVE &#x7C; December 18th, 2024" width="500" height="281" src="https://www.youtube.com/embed/WQdK2IixF5c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Federal Reserve Chair Jerome Powell speaks at Dec. 18, 2024 press conference following interest rate cut. Photo courtesy of the Federal Reserve.

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Fed's Powell Shocks Markets After Interest Rate Cut: 'It's A New Phase'

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Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Shares of companies within the broader consumer staples sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) has outperformed the market over the past 10 years by 9.75% on an annualized basis producing an average annual return of 20.73%. Currently, ASML Holding has a market capitalization of $282.30 billion. 
Buying $100 In ASML: If an investor had bought $100 of ASML stock 10 years ago, it would be worth $655.17 today based on a price of $717.54 for ASML at the time of writing.
<h3>ASML Holding's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734555312_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Here's How Much You Would Have Made Owning ASML Holding Stock In The Last 10 Years

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Shares of airline companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Shares of machine companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

SEALSQ Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) are trading lower Wednesday following the company's announcement of a registered direct offering priced well below recent trading levels. Here&#8217;s <a href="https://www.benzinga.com/quote/LAES/news">what you need to know.</a>
What To Know: The company revealed a securities purchase agreement with institutional investors to sell 13,157,896 ordinary shares at a public offering price of $1.90 per unit. The offering is expected to generate gross proceeds of $25 million before deducting commissions and expenses. Investors have reacted negatively to the pricing, which represents a steep discount and raises concerns about potential dilution.
SEALSQ plans to use the funds to advance the deployment of its post-quantum semiconductor technology and ASIC capabilities in the United States, as well as to support working capital and general corporate purposes. The offering, managed by Maxim Group LLC as the sole placement agent, is scheduled to close on or around Dec. 19 2024, pending customary closing conditions.
This move comes under a previously approved shelf registration statement filed with the U.S. Securities and Exchange Commission in late November. 
SEALSQ focuses on post-quantum cryptography and semiconductor solutions, which aim to address emerging threats posed by advancements in quantum computing. However, the immediate reaction to the offering potentially highlights investor unease over the financial terms and their impact on shareholder value.
LAES Price Action: SEALSQ shares were down 21.5% at $2.33 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1733167806337199"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18152742/LAES-2-1024x536.png" alt="" class="wp-image-698503" style="width:575px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18152742/LAES-2-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18152742/LAES-2-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18152742/LAES-2-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18152742/LAES-2.png 1470w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image Via Shutterstock.

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SEALSQ Shares Are Down Today: What's Going On?

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Shares of oil and gas companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Core Scientific, Inc. - Class A Common Stock

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Shares of companies within the broader tech sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Thursday, December 12, 2019

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