Business
Markets
As it happened: ASX ends rollercoaster week with 0.5% gain
Banking stocks helped the ASX 200 higher snap a three-session slide on Friday, with the index closing 0.5 per cent ahead at 7014.2. The market was 0.9 per cent lower for the week.
- by Alex Druce
Latest
Updated
World markets
ASX set to bounce higher as Wall Street rebounds
The Australian sharemarket is poised for a bright start to the session with Wall Street ended its losing streak.
- by Damian Troise and Alex Veiga
Wall Street can’t agree if inflation is good or bad for stocks
It seems like a pretty basic question: what’s the impact of inflation on stockmarket returns? The answer, however, depends on whom you ask.
- by Brandon Kochkodin and Vildana Hajric
‘Insane’: Bitcoin plunges as Musk doubles down on energy criticism
Tesla’s chief executive officer Elon Musk ramps up his attack on Bitcoin’s energy demands.
- by Yakob Peterseil and Vildana Hajric
Opinion
Interest rates
Fleeting or structural: What’s behind the surge in US inflation?
Investors are worried because the Wall Street boom has been built on the assumption central banks will keep rates at record lows. Even relatively modest increases in rates in the US or Europe to combat inflation could cause bond and equity prices to crash.
- by Stephen Bartholomeusz
Opinion
Billionaires
Why did I think we could get rid of billionaires?
The world is enthralled with billionaires, almost shamelessly so. So when the uber-rich grew billions of dollars richer while the world locked down in the pandemic, hardly a peep of criticism rang out.
- by Farhad Manjoo
Wall Street is pondering ugly outcomes for sky-high tech shares
Heightened inflation fears are threatening to do something to computer and software makers that hasn’t happened in two decades: make them the worst stocks in the market.
- by Lu Wang and Vildana Hajric
As it happened: Inflation fears drag ASX to a four-week low
Inflation fears tightened their grip on the ASX 200 on Thursday, with the local sharemarket dropping another 0.9 per cent to close at 6982.7.
- by Alex Druce
An 1100-year-old poem cost outspoken CEO $3.2 billion
It took just 28 Chinese characters on an obscure social media platform to ignite a controversy that’s rattled the country’s tech industry and sparked speculation about gig-economy tycoon Wang Xing’s fate.
- by Coco Liu, Yoojung Lee and Ishika Mookerjee
A two-day-old cryptocurrency has already been valued at $US45b
The Internet Computer token could be just the tip of the iceberg for a new type of blockchain that hopes to remake how people interact with the internet.
- by Matthew Leising and Olga Kharif
Updated
World markets
Wall Street has worst day since February as inflation data rattles investors
Inflation data blew past expectations and further stoked jitters over the prospect of the Fed raising rates sooner than anticipated.
- by Stephen Culp