World markets
Global chip drought hits Apple, BMW, Ford as crisis worsens
The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the crisis.
- by Peter Vercoe
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Updated
Shares
ASX set to dip despite Facebook lifting Wall Street to record high
The S&P 500 hit an intra-day record high, fuelled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon.
- by Noel Randewich and Shivani Kumaresan
Updated
Federal Reserve
ASX set to rise despite Wall Street slide; Fed leaves rates unchanged
Wall Street was mixed after the Federal Reserve said it is leaving its key interest rate unchanged near zero, while noting recent improvement in the economy.
- by Damian Troise and Alex Veiga
Archegos implosion puts large hole in billionaire teacher’s fortune
It’s been a turbulent few weeks for Larry Chen, a former school teacher from a poor Chinese village who’s now one of the world’s richest people.
- by Yoojung Lee
Updated
Wall Street
ASX set for positive start on back of choppy Wall Street session
Stock indexes closed out a wobbly day of trading on Wall Street with a mixed finish on Tuesday (US time), leaving the S&P 500 index just below its all-time high.
- by Alex Veiga
Updated
Investing
Wall Street hits all-time highs ahead of earnings deluge; bitcoin jumps
Wall Street has started the week in the black as investors gear up for the busiest week for earnings so far this season.
- by Damian Troise and Alex Veiga
ASX set to edge higher; Wall Street braces for more earnings
The Australian sharemarket is set to inch higher this morning, as Wall Street eyes more earnings after closing out a choppy week of trading with a broad rally.
- by Damian Troise and Alex Veiga
Updated
Wall Street
Wall Street rattled by report of Biden’s proposal to increase taxes for wealthy
Wall Street turns lower following a report saying President Biden will propose a hefty tax increase on the gains wealthy individuals reap from investments.
- by Damian Troise and Alex Veiga
Manic markets, imploding funds: Wall Street’s new top cop has a full plate
Wall Street’s new watchdog Gary Gensler is coming to the job with an ambitious agenda. But the market may already be dictating some of the agenda for him.
- by Matthew Goldstein
ASX set to rise as Wall Street rebounds but Netflix slumps on slower growth
The ASX is set to push towards 7000 this morning as Wall Street rebounded.
- by Damian Troise and Alex Veiga
Updated
Shares
ASX set for sharp falls as Wall Street slide continues
Wall Street gives up more of its recent gains as investors weighed the latest batch of company earnings reports for clues about the health of Corporate America.
- by Damian Troise and Alex Veiga