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ASX closes at six-month low

ASX closes at six-month low

The S&P/ASX 200 closed 110.3 points lower at 6325.4 on Wednesday as banks and healthcare stocks dragged on the market. The materials sector closed higher.

  • by Lucy Battersby and David Scutt

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How the coronavirus could lead to a recession
Analysis
Coronavirus outbreak

How the coronavirus could lead to a recession

The global outbreak has caused upheaval in stock markets and disrupted supply chains around the world. But what would it take to lead to a recession?

  • by Ben Casselman
Warren Buffett is waiting for one last big score
Opinion
Investing

Warren Buffett is waiting for one last big score

He is considered by some to be the world's greatest investor. Now he is eyeing one more big deal

  • by Nir Kaissar
8@eight: Wall Street tumbles despite Fed's dramatic move
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8@eight

8@eight: Wall Street tumbles despite Fed's dramatic move

What happened overnight and what is ahead for the Australian sharemarket.

  • by Kyle Rodda
Wall Street dives despite Fed's emergency rate cut
Updated
Coronavirus outbreak

Wall Street dives despite Fed's emergency rate cut

The surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate, before it plunged lower.

  • by Noel Randewich
Federal Reserve makes emergency rate cut in response to coronavirus outbreak
Updated
Coronavirus outbreak

Federal Reserve makes emergency rate cut in response to coronavirus outbreak

Policymakers voted unanimously for their biggest single cut — and first emergency rate move — since the depths of the 2008 financial crisis.

  • by Jeanna Smialek and Jim Tankersley
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Stocks snap losing streak despite RBA cut weighing on banks
Investing

Stocks snap losing streak despite RBA cut weighing on banks

The ASX pared solid gains on Tuesday as bank stocks slumped over fears of squeezed profit margins after the RBA cut rates to a record low.

  • by Lucy Battersby and David Scutt
SoftBank founder keen to go bargain hunting on Wall Street
Investing

SoftBank founder keen to go bargain hunting on Wall Street

SoftBank Group, facing skepticism of its investment strategy, conveyed a message to Wall Street: Now is the time to invest.

  • by Gillian Tan and Scott Deveau
Beware the virus bounce:  The global economy is still very sick despite the sharemarket rally
Opinion
Coronavirus outbreak

Beware the virus bounce: The global economy is still very sick despite the sharemarket rally

It didn't take much to ignite sharemarkets around the world. All’s well with the world then, right? Not really.

  • by Stephen Bartholomeusz
ASX ends session at low point, but 44 points higher
Investing

ASX ends session at low point, but 44 points higher

The S&P/ASX 200 reached 6524 points during Tuesday session, but closed at 6435, a gain of only 0.7 per cent. Financials dragged on the index.

  • by Lucy Battersby and David Scutt
Best day since 2009: Wall Street surges as investors wade back in
Coronavirus outbreak

Best day since 2009: Wall Street surges as investors wade back in

The Dow Jones had its best one-day percentage gain in a decade as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus.

  • by Alex Veiga