Business
Markets
Opinion
Wall Street
The ‘long squeeze’: Reddit crowd could be trapped by the share frenzy they created
The latest attempt by US retail investors to squeeze short-sellers is producing some peculiar outcomes, including a squeeze on the investors themselves.
- by Stephen Bartholomeusz
Latest
Analysis
Currencies
China’s banks are bursting with US dollars, and that’s a problem
A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.
- by Winni Zhou and Tom Westbrook
As it happened: Tech and health stocks outperform as ASX adds 0.2%
The ASX 200 finished 0.2 per cent ahead on Tuesday, setting a new all-time high in the process. Tech and healthcare stocks were strong while the miners dragged.
- by Lucy Battersby and Alex Druce
Updated
World markets
ASX set to edge higher as Wall Street recovers from sharp early losses
Wall Street has continued its choppy trading with a mixed session to kick off the week.
- by Damian Troise and Alex Veiga
El Salvador set to become the first country to use bitcoin as legal tender
President Nayib Bukele will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation.
As it happened: ASX down 0.2%, tech out-performs on Altium bid
The S&P/ASX200 softened by 13.5 points on Monday to close at 7281.9 points, a decline of 0.2%. The information technology sector out-performed, up 2.8%, while financials, consumer discretionary, and minerals dragged
- by Alex Druce and Lucy Battersby
ASX to edge higher as US jobs report calms Fed fears
The US jobs report showed that companies are still struggling to find enough workers as the economy rapidly recovers from the recession caused by the pandemic.
- by Damian Troise and Alex Veiga
‘Millions impacted’: Industry super group faces ransomware attack lawsuit
IFM has been hit with a class action that alleges millions of consumers, from large businesses to regular motorists, paid higher prices for fuel when the pipeline was closed following a ransomware attack.
- by Sarah Danckert
The very busy chairman who is ‘as Australian as they come’
The patriarch of the Washington H Soul Pattinson empire says he has no plans to retire after 22 years in the role.
- by Lucy Battersby
Opinion
Cryptocurrencies
Losing its lustre: Bitcoin’s ‘digital gold’ status dealt a blow
A rout for the digital coin has damaged its reputation as a safe haven from rising inflation.
- by Sam Benstead
It’s not over for coal as global prices surge on hot demand
Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a jump in prices.
- by Dan Murtaugh and Vanessa Dezem