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ASX to rise, S&P 500 edges higher as rally stalls
ASX to rise, S&P 500 edges higher as rally stalls

AU Financial Review

time13 hours ago

  • Business
  • AU Financial Review

ASX to rise, S&P 500 edges higher as rally stalls

Australian shares are set to open higher. Shares were mixed in New York as rallies that have fuelled record highs in the S&P 500 and Nasdaq Composite stalled ahead of results from Alphabet and Tesla. The two megacap techs are the first of the magnificent seven set to report June quarter results. They each are set to release statements after Wednesday's closing bell in New York, early Thursday AEST. 'Technology's strength has helped to drive recent performance and has solidified this sector as being the best performing out of all major S&P sectors on a 1-week, 1-month, 3-month, and 6-month basis,' Fundstrat Global technical analyst Mark Newton said. Newton said near-term and intermediate-term technical trends remain bullish for US equities. 'Momentum and breadth remain constructive on an intermediate-term basis despite some short-term waning. Additionally, seasonality and cycles don't begin to turn too negative until August.' Market highlights ASX futures are pointing up 33 points or 0.4 per cent to 8674. All US prices as near 2.30pm New York time. Today's agenda Results are expected on Wednesday from Iluka Resources, Woodside Energy and Paladin Energy. Top stories Macquarie risks first-ever strike amid disquiet over bumper pay days | Two influential advisory firms are urging their clients to reject salaries and bonuses, citing a failure to hold executives accountable for compliance issues. 'Seduced by his personality': The fall of a finance fraudster | Linden Toll was a former Sydney Grammar boy and one-time Macquarie futures trader who promised investors interest rates on loans of 10 to 12 per cent. But it was all a facade, writes Tony Boyd. Chanticleer: Hostplus' $10b property bomb is a warning for all Australian investors | Lendlease and Mirvac's battle for three funds is about more than $10.5 billion in assets. It's about who gets to invest the whopper retirement savings pool. | Irish teenager Liam Fuller came to Sydney for a holiday with his dad and left with cheques from several investors, including a big one from Square Peg Capital.

Nuclear fusion start-up claims to have cracked alchemy
Nuclear fusion start-up claims to have cracked alchemy

Telegraph

time19 hours ago

  • Business
  • Telegraph

Nuclear fusion start-up claims to have cracked alchemy

Over thousands of years, it has captivated thinkers such as Newton, the English physicist who developed the mathematical law of universal gravitation in the late 17th century. Many dreamed of creating a 'philosopher's stone' that would be used as a catalyst for transmuting base metals such as lead into gold. Marathon's idea relies on substituting materials used in the well-understood process of nuclear fusion instead. Fusion takes place when two isotopes of hydrogen, deuterium and tritium, are forced together to create helium, releasing high-energy subatomic particles called neutrons. It is accomplished by heating the deuterium and tritium atoms to extreme temperatures of more than 100 million degrees Celsius and then confining them into a tight space so that they collide. The process becomes self-sustaining when helium atoms collide with the fuel particles, transferring their energy and ensuring the reaction keeps going. But fusion reactors typically contain other materials, including isotopes of beryllium, lead, or lithium, to ensure there is continuously enough tritium in the mix. These are known as 'multipliers' because when they are hit by a neutron, they release two neutrons in their place. These extra neutrons then react with lithium to produce tritium. Radical transformation Marathon's method uses mercury-198, a common form of mercury, as a multiplier. When hit by a neutron, these atoms change into a less stable form called mercury-197. Over a few days, those atoms then naturally break down into a stable form of gold. Marathon claims this means the fusion process can be used to generate supplies of gold as a byproduct, 'without any compromise to fuel self-sufficiency or power output'. Using the new approach, the company says a fusion power plant with a capacity of about one gigawatt could generate 5,000 kilograms of gold per year. The gold produced by the reaction is stable, but could contain some radioactive gold isotopes, potentially meaning it must be stored for up to 18 years, according to the company. The start-up added: 'Marathon's techno-economic modelling suggests that fusion plants could create as much economic value from gold production as they do from electricity production, potentially doubling the value of these facilities, radically transforming the economics of fusion and of energy more broadly.' Beyond gold, it also claimed the transmutation process could be used for making precious metals such as palladium, synthesising medical isotopes, or producing materials for 'nuclear batteries'. Marathon was founded by Adam Rutkowski, a former engineer at Elon Musk's rocket company, SpaceX, and Kyle Schiller, who was a fellow at ex-Google boss Eric Schmidt

Broncos roster: WR Jerjuan Newton (No. 81) adds versatility to squad
Broncos roster: WR Jerjuan Newton (No. 81) adds versatility to squad

USA Today

timea day ago

  • Sport
  • USA Today

Broncos roster: WR Jerjuan Newton (No. 81) adds versatility to squad

Broncos Wire's 90-man offseason roster series continues today with a look at rookie wide receiver Jerjuan Newton, No. 81. Before the Broncos: Newton (5-11, 192 pounds) spent six years with the Toledo Rockets, playing in 62 games from 2019-24. Newton's best seasons were his final three, totaling 177 receptions for 2,574 receiving yards and 29 touchdowns from 2022-2024. He earned first-team All-MAC honors after posting career highs in receptions (72), yards (1,048) and touchdowns (11) last fall. Newton also received first-team all-conference honors in 2023, and second-team recognition in 2022. His 32 receiving touchdowns are a school record. In addition to his receiving ability, Newton also returned 23 kickoffs for 368 yards in college. Broncos tenure: Newton signed as an undrafted free agent with the Denver Broncos after the 2025 NFL draft, as part of the team's first wave of undrafted players. Newton will make his Bronco debut during preseason next month. Chances to make the 53-man roster: Long shot. Head coach Sean Payton loves the sort of do-it-all player that Newton is and can be. With Marvin Mims already cemented as a two-time Pro Bowl returner (and more recently, prolific receiver), Newton may provide a safety outlet for Payton to keep him on the practice squad this season. Newton's unlikely to make the active roster this summer, but he might be a top practice squad candidate. Related: These 25 celebrities are Broncos fans.

Italian heritage festival held in Newton amidst controversy about painted street lines
Italian heritage festival held in Newton amidst controversy about painted street lines

CBS News

time2 days ago

  • Entertainment
  • CBS News

Italian heritage festival held in Newton amidst controversy about painted street lines

The streets of Nonantum in Newton, Massachusetts were filled with Italian flags, music, and celebration this weekend as the community marked the 90th annual "Festa" amid a controversy about painted lines in the street. The beloved event, a cornerstone of the neighborhood's Italian-American culture, drew large crowds with its street parade, carnival and public displays of heritage. "It's a tradition," said Newton resident Paul Camilli. "It brings the neighborhood together." The festival took on added significance this year following controversy surrounding Adams Street, where the city recently painted over the iconic red, white and green stripes traditionally displayed in the center of the road leading up to the event. The move upset many in the community, who view the flag as a vital symbol of their heritage. Now, the stripes have been painted back on in time for the weekend festivities, restoring a sense of pride for many. "We try to stay out of that stuff but when they come and bring it to us, we kind of have to fight back," said Newton resident Jason Riffe. "In this neighborhood, we always try and stay out of politics but in this day and age it's hard. We try to make it as non-political as possible, this isn't about that. So we just try and keep it to neighborhood and communities." For many families, the Festa is an annual homecoming rooted in generations of tradition. "For us, it's been just something we've been part of our whole entire lives," said Riffe. "When you grow up, this is kind of like your Christmas in July. We look forward to this more than Christmas and stuff like that." Residents say the event is a celebration of the immigrant roots that shaped the community. "The people that came here and built this neighborhood, it's really about them and honoring them," said Jason. "And where we came from in Italy. Like my mother is an immigrant from Italy. It's kind of like our whole culture, our heritage, our religion all put together and it all culminates in today. And this is a chance we get to celebrate all that." The Festa continues to serve as a symbol of unity and resilience for Nonantum's Italian-American community.

Rocket made from Cola bottles? Chinese students' genius launch wins the internet- Watch
Rocket made from Cola bottles? Chinese students' genius launch wins the internet- Watch

Time of India

time3 days ago

  • Science
  • Time of India

Rocket made from Cola bottles? Chinese students' genius launch wins the internet- Watch

A group of Chinese students has captured global attention after successfully launching a homemade two-stage water rocket built from a simple cola bottle. The launch, powered by water pressure, shows the rocket soaring into the sky, separating mid-air, and deploying a parachute for a safe landing. Tired of too many ads? go ad free now A video of the launch has gone viral, drawing widespread admiration for the students' creativity, teamwork, and technical skills. The video was shared on X by user Tansu Yegen with the caption, 'In China, students made a two-stage rocket using a cola bottle and water pressure. " Since being posted, the clip has garnered over 1.2 million views. Using basic materials like plastic bottles and water, the students engineered a rocket based on air and water pressure principles. In the launch, the first stage propelled the rocket upward using pressurized water. At a certain altitude, the second stage separated and continued its ascent using stored pressure. A parachute then deployed, allowing the rocket to descend safely, demonstrating complex physics concepts such as Newton's laws of motion, air resistance, and pressure. Social media users, particularly from India, flooded the comments with praise and introspection. One user wrote, 'And we are still struggling with basic education and basic necessities for our citizens,' while another said, 'Aur hamare yaha ke bacche..' A retired engineering teacher added to the discussion, saying, 'I've probably seen 5,000 water rocket launches in the past 25 years. This is very cool, nice two-stage with successful deployment of a parachute. The parachutes are quite tricky.'

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