Today
ASX edges up; TPG sinks 8pc; Alumina shares jump on takeover bid
Shares gain at the close; oil drops; TPG’s profit slumps; CSR enters into a trading halt; Alcoa in $3.3b bid for Alumina; Kogan brings back dividend but sales slips. Follow here for more.
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- Timothy Moore, Joanne Tran, Alex Gluyas, Cecile Lefort, Joshua Peach and Sarah Jones
Yesterday
Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
In his latest letter to shareholders, the legendary investor says there are only a handful of companies capable of moving the needle at Berkshire.
- Eric Platt
This Month
AI boom lifts shares; Afterpay-owner Block, Aussie Broadband jump
AI boom lifts tech stocks. NAB calls inflation to rise in January. Block, Aussie Broadband, Jumbo Interactive shares jump. Nvidia surges 16pc, tops Amazon, Alphabet valuations. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Joanne Tran and Joshua Peach
ASX flat; Qantas, Medibank sink, Lovisa surges
Japanese shares hit record high. Fortescue shares climb. Pilbara Minerals, MinRes slash dividends. CSR flags takeover bid. Nvidia tops expectations, Nasdaq futures jump. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Sarah Jones, Alex Gluyas, Joanne Tran and Joshua Peach
ASX falls; Rio beats estimates; Woolworths sinks; CSR jumps
Shares decline at the closing bell; Woolworths’ Brad Banducci leaves; John Mullen named Richard Goyder’s Qantas successor; WiseTech lifts profits; NAB warns of growing arrears as earnings slump. Follow updates here.
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- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach, Alex Gluyas and Sarah Jones
ASX closes lower as miners weigh
Shares ease, led by mining and energy. Investors sell Star shares on second inquiry, BHP earnings hit 8-year low. RBA considered raising rates in February. Follow updates here.
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- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Sarah Jones
ASX edges higher as Lendlease leads property plunge
ASX retraces early gains to end slightly higher. A2 Milk rallies as revenue inches higher on China growth. BlueScope warns of weaker outlook. Follow for more.
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- Timothy Moore, Joshua Peach, Sarah Jones, Alex Gluyas, Joanne Tran and Cecile Lefort
Resource stocks rally; Pilbara Minerals gains, Neuren sinks
Lithium, iron ore, gold miners rebound. GQG sees $4.4b of inflows, IAG flags $200m buyback. Neuren hit by short report. S&P 500 closes at record high. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Joshua Peach, Sarah Jones and Joanne Tran
Shares gain; Pro Medicus sinks, Altium soars, bitcoin tops $80,000
Jobless rate jumps to 4.1pc. Altium snags $9.1b takeover bid. BHP warns on nickel closures. Goodman, Telstra adjust guidance. Whitehaven slashes dividend. Follow here.
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- Timothy Moore, Tom Richardson, Alex Gluyas, Sarah Jones, Joanne Tran, Joshua Peach and Cecile Lefort
Banks and miners drag ASX lower; AMP, Downer rally over 10pc
Shares decline as traders push RBA rate cut bets to December; CBA drops after interim cash profits fall to $5 billion; Seven Group shares rally after earnings guidance upgrade. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort, Alex Gluyas and Sarah Jones
ASX ends lower ahead of key US inflation data
Shares ease; CSL double-digit earnings growth; Macquarie warns “substantially” lower profit; Temple & Webster beats forecasts; Seven West Media sales slump. Follow updates here.
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- Timothy Moore, Cecile Lefort, Joshua Peach, Joanne Tran and Sarah Jones
ASX closes lower as CSL sinks; JB Hi-Fi leads retailers higher
Australian shares end lower as large caps reporting ramps up. CSL, Liontown and Synlait sink as tech and retail rally.
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- Timothy Moore, Joshua Peach, Joanne Tran, Alex Gluyas, Cecile Lefort and Sarah Jones
Shares gain; Boral ups guidance, uranium sinks, bitcoin price surges
Cochlear hits record high. CBA calls for 75 basis points of rate cuts in 2024. Bullock says rates can fall before inflation hits 2.5pc. Semiconductor bellwether Arm surges 48pc. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Cecile Lefort, Joanne Tran and Alex Gluyas
ASX gains; Cochlear, AGL jump, REA Group falls
Shares close up 0.3pc. China consumer prices drop 0.8pc. Transurban guides for dividend growth. Cochlear flags strong sales. AI rally sees Nvidia near Amazon valuation. Bitcoin rises. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Cecile Lefort, Joanne Tran, Alex Gluyas and Joshua Peach
ASX closes higher; Santos sinks, Cettire rallies 25pc
Australian shares snap two-day losing streak. Woodside not proceeding with Santos merger. Cettire shares rally on strong result.
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- Timothy Moore, Joshua Peach, Cecile Lefort, Joanne Tran and Alex Gluyas
ASX falls; Bullock says RBA still needs to be ‘convinced’ on rate cuts
Shares decline at the closing bell; Reserve Bank governor Michele Bullock says inflation will reach target in 2025; interest rate left unchanged at 4.35 per cent; Nick Scali tops profit guidance; UBS downgrades Cochlear. Follow updates here.
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- Timothy Moore, Joanne Tran, Cecile Lefort, Alex Gluyas, Joshua Peach and Sarah Jones
Rio, BHP drag ASX lower, Appen sinks to record low
Shares decline; RBA two-day meeting kicks off; Appen and Collins Foods with new CEOs; Argo profit slips 8.5pc; $A slumps to US65¢.
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- Timothy Moore, Cecile Lefort, Joshua Peach, Joanne Tran and Alex Gluyas
Shares close at record high; real estate, tech jumps on rate cut bets
S&P/ASX closes at record 7699.4 points. Tech, banks, real estate climb. Aozora bank falls again. Mega-cap tech lifts Wall St. Meta surges on dividend plan. Follow here.
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- Timothy Moore, Tom Richardson, Joanne Tran, Sarah Jones, Cecile Lefort, Joshua Peach and Alex Gluyas
Bank shares fall; US, Japanese banks warn on bad debts
Shares drop 1pc. New York Community Bank plunges 37pc. CBA calls house prices to rise 5pc in 2024. Powell says March rate cut “not likely”. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Joshua Peach, Sarah Jones and Joanne Tran
January
ASX soars to all-time high; Nickel Industries jumps 10pc
Shares push to record heights after inflation cooled faster-than-expected; IGO shares rise after mothballing nickel project; Weebit Nano and Sayona Mining fall. Follow for more updates.
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- Timothy Moore, Joshua Peach, Cecile Lefort, Sarah Jones, Joanne Tran and Alex Gluyas
