Yesterday
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
Woolies CEO quits | Qantas appoints a new chairman | Best first and business-class flights to Europe
Read everything that’s happened in the news so far today.
Meet the CEO who doesn’t do Friday drinks
Karl Morris, CEO of stockbroking firm Ord Minnett and chairman of National Rugby League team Brisbane Broncos, is trying out intermittent fasting. But he is “no disciple”.
- Updated
- Sally Patten
- Opinion
- Wall Street
Are we in a bull market or a bubble?
Wall Street is fixated on a quarterly earnings release that has been described as more important than the US Federal Reserve. Its outcome may justify or undermine the sharemarket’s rally.
- Jonathan Shapiro
Banks tread softly on bad debts – but will it last?
Experts say the market could be underestimating bad debt charges for the big four.
- Stewart Oldfield
This Month
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.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Sarah Jones
Investors back copper as Metals Acquisition jumps on ASX debut
The copper miner’s oversubscribed initial public offering could augur “green shoots” for the struggling IPO market.
- Joshua Peach
- Opinion
- Investing
This is the way to get better total portfolio returns
Don’t let the Magnificent Seven divert you from the basics of investing – everyone focuses on 2023 but ignores weakness in 2022.
- Giselle Roux
Beaten up Chinese equities worth a punt in 2024: Lazard
Investors should sell US stocks and re-allocate to emerging markets, including China, according to the $303 billion manager’s top market strategist.
- Alex Gluyas
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.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Alex Gluyas, Joanne Tran and Cecile Lefort
Why short sellers could be wrong on Pilbara and IDP
Short sellers are not always right, but investors need to understand their thinking, say the experts.
- Mark Draper
ASX 200 may test record as earnings season ramps up
If profit results from Australia’s biggest companies continue to beat expectations, the S&P/ASX 200 could forge a fresh all-time high this week.
- Sarah Jones
Top investors share the toughest lessons they had to learn
No one gets good at financial decision-making without taking the risk of being wrong and then figuring out how to adjust.
- Suzanne Woolley
- Opinion
- Inflation
Why a disinflationary boom may be upon us
While a soft economic landing is the most likely outcome, it’s hard to ignore the possibility that a lower rate of price growth could be setting the sharemarket up for a strong rally.
- Sebastian Mullins
The five models that show shares are still good value at record highs
Even though shares are at their peaks, they’re not expensive given the outlook for falling interest rates and versus history, according to these models.
- Tom Richardson
GQG Partners wins billions from ‘fat margin’ rivals
The fund manager’s low-fee model and strong performance have boosted its assets under management to a new record.
- Jonathan Shapiro
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
Altium buyout ‘bittersweet’ as fund managers cash in
The $9.1 billion proposed takeover offer for ASX-listed tech stock has left shareholders awaiting a major payout with mixed feelings.
- Joshua Peach
Cashed-up Magellan wants bolt-ons after poaching Maple-Brown boss
Magellan recruit Sophia Rahmani will lead a hunt to acquire boutique fund managers and restore the firm to its former glory.
- Jonathan Shapiro
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.
- Updated
- Timothy Moore, Tom Richardson, Alex Gluyas, Sarah Jones, Joanne Tran, Joshua Peach and Cecile Lefort
