Business
Markets
As it happened: ASX closes 0.8% lower as banks and miners drag
The S&P/ASX 200 dropped 0.8% to 6663 points on Monday as banks miners dragged on the market. The healthcare and retail sectors outperformed.
- by Alex Druce and Lucy Battersby
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The Short Squeeze
Inauguration day, US earnings and central banks set to dominate week ahead for markets
Investors will remain focused on US politics this week, with central bank meetings and corporate earnings also on the agenda.
- by Kyle Rodda
Market newbies discover penny stocks, and 1 trillion shares get traded
In a world where all it takes for a company to go crazy is a celebrity tout or quasi-mention by Elon Musk tweets, it should be no surprise that penny stocks are back in vogue.
- by Sarah Ponczek and Elena Popina
Opinion
Wall Street
Revenge of the bottom half: Biden's spending blitz spells trouble for the rich
If 2020 was the year when the poor were hammered while investors made out like bandits, 2021 will see the tables turned. We may see a thriving economy even as Wall Street languishes.
- by Ambrose Evans-Pritchard
As it happened: ASX falls flat to cap lacklustre week
The ASX rose as much as 0.6% before falling flat on Friday. BHP led gains for the miners while Afterpay also hit a new record. The market lost 0.6% for the week.
- by Alex Druce
Bitcoin payments made to far-right individuals before US Capitol attack
Large payments in bitcoin were made to 22 different virtual wallets, most of them belonging to far-right activists and internet personalities, before the storming of the US Capitol, cryptocurrency compliance startup Chainalysis says.
- by Noor Zainab Hussain
Powell says Fed won't raise interest rates any time soon
Federal Reserve Chair Jerome Powell said "now is not the time" to be discussing an exit from ultra-easy monetary policy and promised to give plenty of notice before the US central bank would begin to debate scaling back its massive bond-buying campaign.
- by Steve Matthews
US stocks tick up despite dismal jobs data on stimulus hopes
Wall Street has been ticking higher overnight, despite a dismal report on the number of layoffs sweeping the world's largest economy, as investors hope for a better outlook and more stimulus from incoming president Joe Biden.
- by Stan Choe and Damian J. Troise
Opinion
Commodities
Dr Copper's prognosis for the global economy is positive
Commodities prices are surging amid forecasts of the start of a new "super cycle" in demand for resources.
- by Stephen Bartholomeusz
As it happened: ASX adds 0.4% ahead of Biden's stimulus detail
The ASX 200 rose 0.4% to 6715.3 on Thursday after a slow start. US futures were pushing ahead as investors brace for Joe Biden's long-awaited COVID stimulus response.
- by Alex Druce
Wall Street drifts higher, bond yields slow their rise
US stocks bounced back from an early stumble and are on track for more gains late in the session, though Treasury yields are stalling following their rapid rise.
- by Stan Choe and Damian J. Troise