Latest
Stocks to deliver the best year in a decade
The tub-thumping rally in Australian shares has prompted equity analysts to ramp up their forecasts for the year.
- Updated
- Richard Henderson
ASX finishes week at record high
The Australian sharemarket rose to a record high this week, supported by a surge from the local energy sector, shrugging off concerns over Victoria’s extended lockdown.
- William McInnes
Australia’s economy overtakes Brazil, nears Russia’s
Australia’s economy is now larger than Brazil’s and could overtake Russia after surging iron ore prices helped lift the nominal national output of goods and services to a six-year high.
- Updated
- William McInnes
AMC cashes in on meme stock mania, raising $US587m
The raising is the latest sign that the US cinema chain, on the verge of bankruptcy a few months ago, is embracing its status as a meme stock.
- Matt Phillips
ASX finishes week at record closing high
The Australian sharemarket finished Friday’s session at a record closing high; gold miners retreat; Aussie dollar drops over 1pc. Follow the latest here.
- Alex Gluyas, William McInnes, Sarah Turner, Richard Henderson and Vesna Poljak
Australian dollar drops as greenback gets green light
Stronger than expected US economic data bolstered the currency and knocked the wind out of commodity currencies including the Aussie.
- Timothy Moore
Opinion & Analysis
Forget GameStop; AMC’s insane surge sets new meme-stock tests
Shares in movie chain AMC doubled on Wednesday night in a GameStop-like rally. But this time the retail army faces two fascinating tests.
Columnist
Cracking a centuries-old investment riddle
Magellan has joined a 300-year-long quest to ensure that retirees don’t run of out money before they die.
Senior reporter
Why Jeremy Grantham is worried about markets and housing
Notorious bear Jeremy Grantham worries several highly speculative pockets of the market have already peaked and the ‘pessimism termites’ could eat away at broader confidence.
Columnist
How AMC’s boss won over the Reddit crowd
An ability to corral neophyte investors has become an essential skill in the memestock era and yet Adam Aron is playing with fire.
Contributor
Companies in the News
Commonwealth Bank
Macquarie Group
National Australia Bank
Updated: Jun 4, 2021 – 4.38pm. Data is 20 mins delayed.
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Meet the Fundie
Value investor prepares for the great stimulus unwind
First Eagle’s Matthew McLennan, an Aussie on Wall Street, has guided the firm’s share portfolios through the GFC. Now he faces one of the biggest tests of his career.
- Richard Henderson
The ‘sleep at night’ fund that still delivers the goods
Sage Capital’s Kelli Meagher believes there are permanent winners from COVID-19 – it just means being selective and having an instinct for identifying change.
- Vesna Poljak
Paragon’s Deniz winning big from the commodity supercycle
Paragon’s John Deniz has been chasing such periods for years, but he believes the current environment for copper is the best he’s ever seen.
- Alex Gluyas
Yesterday
ASX to edge up, $A drops as greenback rallies
Australian shares are set to edge higher at the open, though gains could be further checked amid a retreat on Wall Street. Copper, gold and oil lower.
- Timothy Moore
Bill shock for 29 Metals’ IPO
The float being touted as one of the biggest this year has accumulated $95 million in costs and new investors have been asked to pick up the bill.
- Tom Richardson
‘Don’t be that sucker:’ traders warn against joining AMC rally
The chances of getting badly burned and losing money on this trade are now very high.
- Ksenia Galouchko and Lisa Pham
Crypto-crash aftershocks hit traders with 50pc premiums vanishing
Hedging activity is on the rise and bullish bets are finding limited demand - rare times of restraint among day traders.
- Justina Lee
This Month
Fed to unwind one-off corporate bond experiment
The corporate bond program closed at the end of 2020, which means it has not been purchasing debt in recent months. But the Fed had yet to announce how and when it would wind down its holdings.
- Jeanna Smialek
Energy stocks extend ASX’s record-breaking streak
Australian shares closed at another record high on Thursday supported by the energy sector and gains from all four major banks.
- Alex Gluyas
ASX closes at record high; energy stocks soar
The Australian sharemarket closed at a new record high; retail trade rises 1.1 per cent, trade balance up to $8.03 billion. Follow the latest here.
- Updated
- Vesna Poljak, Richard Henderson, Sarah Turner, William McInnes and Alex Gluyas
The US buyout shop that lured ASX deputy chief
The departing deputy chief of the ASX is joining a fintech-focused private equity firm alongside a list of financial heavyweights.
- Richard Henderson
Tesla is going to zero. Or is it?
Rajiv Jain of GQG Partners and T Rowe Price’s Scott Berg squared up over Tesla at the Morningstar Investment Conference in Sydney.
- Sarah Turner
- Opinion
- Chanticleer
Forget GameStop; AMC’s insane surge sets new meme-stock tests
Shares in movie chain AMC doubled on Wednesday night in a GameStop-like rally. But this time the retail army faces two fascinating tests.
- Updated
- James Thomson
Prepare for lacklustre inflation, cautions top PIMCO investor
Rising prices are likely to be temporary, and investors have a long record of over-estimating inflationary pressures.
- Richard Henderson
- Opinion
- Investing
Cracking a centuries-old investment riddle
Magellan has joined a 300-year-long quest to ensure that retirees don’t run of out money before they die.
- Jonathan Shapiro
ASX to rise, AMC paces renewed meme stock rally
Australian shares are set to open higher, bolstered by steady commodities prices. April trade and retail sales data on deck.
- Timothy Moore
BrainChip’s options bonanza enriches US backer
The company’s options holder LDA Capital has made a $31.9 million paper profit on its latest options exercise.
- Tom Richardson
Big banks to fuel next leg of ASX dividend spree
In good news for income-seeking investors, the ASX’s dividend boom is set to be driven by the resources sector in the short term, and the major banks longer term.
- Alex Gluyas
ASX hits record high as economy completes rebound
The sharemarket rose to a new record on Wednesday, supported by advances from the miners and energy stocks.
- William McInnes
The sharemarket crunch has begun, warns Grantham
A fall for tech stocks and blank-cheque companies in the US hints at broader pain for the sharemarket, warns veteran investor Jeremy Grantham.
- Richard Henderson
MFS unwilling to chase Tesla for growth
The investment manager is not prepared to meet the market where valuations are stretched. It is instead looking for companies with pricing power as inflation began to rise.
- William McInnes
- Opinion
- Chanticleer
Why Jeremy Grantham is worried about markets and housing
Notorious bear Jeremy Grantham worries several highly speculative pockets of the market have already peaked and the ‘pessimism termites’ could eat away at broader confidence.
- Updated
- James Thomson
