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Hope of a bitcoin ETF being approved in January including from Cathie Wood’s ARK Investment has helped fuel a crypto rally.

Cathie Wood goes for massive shakeup of bitcoin holdings

One of the investment guru’s exchange-traded funds has dumped its shares in Grayscale and bought into ProShares.

  • 1 hr ago
  • John Cheng
Smartphone chips on display in Canada.

America’s top stockpicker is buying chips

Adam Benjamin’s fund is the top ranked mutual or ETF in the US and produced an 80 per cent total return in 2023. Here’s what he’s interested in.

  • Matthew A. Winkler

This Month

Chasing the ‘big mo’: An epic US election race starts in Iowa

Joe Biden and Donald Trump are the frontrunners for the presidency. But it’s a long road to November and early momentum will be crucial.

  • Updated
  • Matthew Cranston
Donald Trump on the hustings in Iowa.

Prospect of a second Trump term demands preparation, not panic

A new season of Trump-presidency panic is upon us. And for good reason: Donald Trump could be re-elected in 2024.

  • Noah Feldman

How were so many economists so wrong about a US recession?

There is a reason that so many economists have been predicting a recession in the US — and it is not because they are out of touch.

  • Tyler Cowen
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Donald Trump in Durham, New Hampshire last week: “We will impose stiff penalties on China and all other nations as they abuse us.”

A new tax on imports and a split from China: Trump’s 2025 trade agenda

While the Biden administration has kept tariffs that Trump imposed on China, the latter would go far beyond that and try to wrench apart the world’s two largest economies.

  • Charlie Savage, Jonathan Swan and Maggie Haberman
Former UN ambassador Nikki Haley speaks during a campaign event in Anamosa, Iowa.

Has Nikki Haley left her run too late in Iowa?

A super political action committee backing Nikki Haley plans to knock on 100,000 doors in Iowa, but it’s running out of time to spread her message.

  • Kellen Browning and Jazmine Ulloa
Donald Trump on the hustings in Iowa. His rivals insist that the polls are overstating his levels of support

‘Nobody is going to beat him’: Donald Trump rides high in Iowa

The former president remains the undisputed frontrunner in a shrinking field of Republicans vying to be the party’s presidential nominee in 2024.

  • Updated
  • Lauren Fedor
A real Ozempic needle should be covered by a paper tab that reads “NovoFine Plus”, while the counterfeit needles found so far simply say “NovoFine”.

US seizes thousands of units of counterfeit Ozempic

Patients were warned to check their medication for signs that it could be fake, specifically the wording on the paper tab that covers the needle.

  • Dani Blum
Donald Trump at the UFC 296 mixed martial arts event in Las Vegas earlier this month.

US Supreme Court refuses to put Trump immunity clash on fast track

The high court decision comes days after a Colorado court ruled that Donald Trump is constitutionally ineligible to become president again.

  • Greg Stohr
The former mayor of New York and keen defender of Donald Trump has filed for bankruptcy.

Rudy Giuliani files for bankruptcy after courtroom loss

Court papers listed debts of as much as $US500 million ($738 million) against assets of up to $US10 million.

  • Jeremy Hill and Rick Green
Donald Trump supporters listen to him speak at a rally in Waterloo, Iowa.

Trump seeks to spin court ruling into political gold

The former president’s re-election bid may hinge on upcoming judgments in the US Supreme Court.

  • James Politi, Stefania Palma and Alex Rogers
President Joe Biden

More states gear up to hear challenges to Trump’s eligibility

More than a dozen other states have pending legal challenges under the same amendment, according to US media reports.

  • Matthew Cranston
Huntington Ingalls Industries’ shipbuilding yard in Newport News, Virginia.

US guarantees Australian AUKUS submarine sovereignty

The US committees key to the passing of AUKUS laws say the US will hand over full control of submarines sold to Australia under the recently approved arrangements.

  • Updated
  • Matthew Cranston
Donald Trump’s campaign called the court decision “flawed” and “undemocratic”, and said it would lodge an appeal.

Colorado Supreme Court disqualifies Trump from holding office

The ruling makes Donald Trump the first presidential candidate in US history to be deemed ineligible for the White House under a rarely used provision of the US Constitution.

  • Updated
  • Andrew Goudsward and Jack Queen
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Former US president Donald Trump  at the campaign rally in New Hampshire on Saturday.

What the Colorado ruling means for Donald Trump

While it sounds like a potential dagger to the former president’s 2024 election hopes, it’s unlikely the Colorado Supreme Court landmark ruling will do much to hinder the Republican frontrunner.

  • Susie Coen
San Francisco skyline. Highly leveraged sectors, such as commercial real estate, are suffering.

The Fed should resist market bullying

The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.

  • Mohamed El-Erian
This photo released by the Houthi Media Center shows a Houthi forces helicopter approaching the cargo ship Galaxy Leader on Sunday, Nov. 19, 2023. Yemen’s Houthis have seized the ship in the Red Sea off the coast of Yemen after threatening to seize all vessels owned by Israeli companies.

West warns Houthis as US looks to expand Red Sea force

A surge in its harassment of merchant shipping in the Red Sea by the Houthi militant group has driven a rise in oil prices and raised concerns about global trade.

  • Updated
  • Matthew Cranston
At issue in the case were Google’s contracts with smartphone makers, network operators and game developers.

Google to pay $1b in antitrust settlement over Android app store

Terms of the settlement come after Epic Games, the maker of popular online game Fortnite, won a related case against the tech giant last week.

  • Michael Acton
The Series 9 and Ultra 2 (pictured) models generate the vast majority of Apple’s watch sales.

Apple to halt US sales of smartwatches after patent loss

The company is preparing for a looming ban of models with a blood oxygen sensor – a feature first added to the line-up in 2020 – that Masimo says it invented.

  • Updated
  • Mark Gurman