Business
Markets
Updated
World markets
ASX retreats from record high as healthcare stocks weigh on index
The Australian sharemarket hit a record-high on Friday on the back of mining companies but pared back gains by midday, following more all-time highs on Wall Street which closed its latest winning month.
- by Millie Muroi
Latest
Why Australian companies don’t want to make too much money
The febrile hunt for profiteers in the midst of a cost-of-living crisis meant Australia’s largest companies had to worry about the potentially disastrous consequences of doing too well.
- by Colin Kruger
Updated
World markets
ASX rallies in late trade to close less than a point shy of record high
The Australian sharemarket rallied in late trade to finish less than a point shy of its record closing high, after government data showed retail sales were softer than expected in January, boosting optimism the Reserve Bank’s interest-rate cuts are gaining traction in its fight against inflation.
- by Sumeyya Ilanbey
Updated
World markets
ASX flat despite shares in tech, energy and property trusts gaining
The Australian sharemarket closed flat on Monday despite a steady inflation print and US stocks holding relatively steady near their record levels.
- by Millie Muroi
Updated
World markets
ASX bounces back as Coles shares gain; Bitcoin tops $US57,000
The Australian sharemarket moved back into the green after early losses as a rally in Coles shares buoyed the bourse at the end of the trading session.
- by Sumeyya Ilanbey
Opinion
US Votes 2024
Joe Biden’s ‘economic miracle’ is not all that it seems
From the outside, it looks like America is thriving economically. But it seems to be working against Joe Biden.
- by Jeremy Warner
Updated
World markets
Consumer and tech shares buoy ASX as energy companies dive
The Australian sharemarket stepped up on Monday on the back of technology and consumer discretionary companies, as well as a record-high for the S&P 500 index, but gains were pared back by midday by energy companies.
- by Millie Muroi
Opinion
Sharemarket
The $3.1 trillion monster that took over Wall Street
First it was the “Magnificent Seven” and now, it seems, Nvidia might be “The One”. Following last week’s extraordinary result, the future of the sharemarket may depend on it.
- by Stephen Bartholomeusz
Husband snooping on wife’s M&A work gets insider trading charge
Insider-trading cases have surged in the US as a result of couples eavesdropping while working from home
- by Austin Weinstein
Updated
World markets
Nvidia’s record $422 billion day sparks ASX tech rally
The Australian sharemarket trimmed some of its early morning gains but finished in the green after a surge in Nvidia’s shares triggered a rally on Wall Street and the local index.
- by Sumeyya Ilanbey
Opinion
Wall Street
Cathie may have lost $22 billion. But she’s still interesting
A star money manager sometimes need to be more lucky than skilled. They also need to be good storytellers.
- by Shuli Ren