Business
Markets
The financial weak spots that the Fed is worried about
The Fed’s report comes after a wild six months that has seen the GameStop frenzy, a ‘joke’ cryptocurrency surge in value and the meltdown of a little-known hedge fund.
- by Jeanna Smialek
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Miners and banks push ASX higher; CBA hits new record $94
The ASX200 accelerated after a slow start on Friday to move 0.6% ahead. The heavyweight mining and banking sectors were strong.
- by Alex Druce
Updated
World markets
ASX set for gains on back of late Wall Street surge
The benchmark S&P 500 index is higher but remains on track for a small weekly loss following a choppy week of trading.
- by Damian Troise and Alex Veiga
Iron ore hits $US200 for first time as Chinese demand soars
Iron ore and steel climbed to records as Chinese investors unleashed fresh demand following a three-day holiday.
- by Annie Lee
Global investors cling to Australian debt despite pressure to go green
Some of the world’s biggest investors continue to hold Australian debt even as they pledge to shift money away from countries and assets that don’t align with a low-carbon world.
- by Matthew Burgess
As it happened: ‘Exhausted’ ASX weighed down by Sydney COVID jitters
The ASX200 retreated 0.5% from yesterday’s 14-month high after sharp tech selloff, a decline for NAB, and new coronavirus restrictions in Sydney.
- by Alex Druce
The Dogecoin joke is turning serious as it soars towards $US90 billion
For anyone who still thinks Dogecoin is a joke, there are some 90 billion reasons that say it’s not.
- by Justina Lee and Joanna Ossinger
Archegos prepares for insolvency as banks seek compensation: Financial Times
The family office run by former Tiger Asia manager Bill Hwang, is said to be preparing for insolvency as banks involved in financing its trades seek to recoup some of their losses.
- by Niket Nishant
Updated
World markets
ASX set to edge higher as Wall Street rally runs out of puff; Peloton shares dive
Wall Street is slightly higher in late trade, making up for some of the market’s losses from a day earlier.
- by Alex Veiga
Updated
IPO
Jessica Alba makes millions as Honest Co shines in Wall Street debut
Actress Jessica Alba cemented her claim to one of the most lucrative side gigs in Hollywood after shares of her beauty business, the Honest Co., soared 44 per cent in its market debut.
- by Devon Pendleton
‘Worse than Brexit’: Scottish vote weighs on assets from pound to banks
A week that could set in motion the eventual collapse of the 314-year union between England and Scotland is concentrating financial trading desks on market disasters ahead.
- by Greg Ritchie and William Shaw