Business
Markets
ASX edges lower as big banks weigh; Myer shares gain
A rally in bellwether mining stocks failed to lift the Australian sharemarket, after a choppy trading session on Wall Street amid a lull in the advance of global markets.
- by Millie Muroi
Latest
Opinion
Sharemarket
Will the ‘Magnificent Seven’ remain magnificent?
Apple, Nvidia and other tech giants have driven Wall Street to record levels. That could turn into a problem.
- by Stephen Bartholomeusz
Updated
World markets
ASX gains as Wall Street shrugs off inflation surprise
Real estate investments trusts and consumer discretionary sectors boosted the Australian stock exchange on Wednesday after Wall Street hit record highs.
- by Sumeyya Ilanbey and Millie Muroi
Updated
World markets
ASX edges up as Wall Street treads water waiting for inflation data
The Australian sharemarket is having a lukewarm session as investors await a key US report that could show how realistic Wall Street’s hopes for rate cuts are.Â
- by Sumeyya Ilanbey
Updated
World markets
Energy, mining stocks drag ASX to seven-week low
Energy and mining stocks continued to drag the Australian sharemarket lower, with the local bourse sharply retreating from last week’s record highs.
- by Sumeyya Ilanbey
Opinion
US Votes 2024
Donald Trump’s fate could depend on this data
As the November elections loom larger, each set of economic numbers is becoming more important.
- by Stephen Bartholomeusz
Updated
World markets
CBA breaks $200b valuation as ASX hits record high
Commonwealth Bank’s market valuation has broken through $200 billion for the first time, as investor hopes of interest rate cuts sparked a rally in bank shares and lifted the market to a record high.
- by Millie Muroi
Updated
World markets
ASX flirts with record after Wall Street rebounds on rate cut hopes
The Australian sharemarket briefly flirted with an intraday record high at lunchtime before dipping, after Wall Street rebounded overnight on fresh hopes of an early interest-rate cut.
- by Sumeyya Ilanbey and Millie Muroi
Updated
World markets
ASX edges higher as GDP shows growth slowing
The Australian sharemarket has finished slightly higher, turning around its morning losses as traders digested gross domestic product figures showing economic growth slowed in the December quarter.
- by Sumeyya Ilanbey
Opinion
Cryptocurrencies
Bitcoin is surging. This is why it may not last
Bitcoin is back at record levels, but its time in the sun might be short-lived.
- by Stephen Bartholomeusz
Analysis
Cryptocurrencies
‘Digital gold’: More than $1bn of super invested in crypto as prices boom
Despite its extreme volatility, cryptocurrencies such as bitcoin are gaining popularity with self-managed super funds, with over $1 billion invested.
- by John Collett