Business
Markets
Updated
World markets
ASX closes green as Wall Street jumps; Apple surges on earnings
The S&P/ASX 200 has climbed, reflecting US’ rally that trimmed the majority of their losses for the week, while Apple released its numbers after the closing bell.
- by Jessica Yun
Latest
Updated
World markets
ASX extends gains after Wall Street’s Fed rollercoaster
The Australian sharemarket lifted on Thursday despite a negative lead from Wall Street after Jerome Powell revealed the US Federal Reserve would hold its cash rate steady and moving to reassure another rate hike is unlikely despite stubbornly high inflation.
- by Sumeyya Ilanbey
Updated
Federal Reserve
Red flag: Fed chief signals interest rates to stay higher for longer
Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the “greater confidence” needed for them to kick off interest rate cuts.
- by Howard Schneider
Updated
World markets
ASX a sea of red as Wall Street tumbles to wrap up ugly April
The Australian sharemarket tumbled after a negative lead from Wall Street, as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.
- by Millie Muroi
Updated
Cryptocurrencies
‘I failed’: Crypto king with a $62b fortune sent to jail
Binance founder Changpeng Zhao will become the world’s richest prisoner after being sentenced for allowing money laundering.
- by Gene Johnson
Updated
World markets
ASX extends gains as investors await key Fed meeting
The Australian sharemarket extended its gains on Tuesday as investors marked time ahead of the US Federal Reserve’s key interest-rate meeting later this week.
- by Millie Muroi and Sumeyya Ilanbey
Opinion
Global economy
The West is about to make a major error in its economic war against Putin
Lack of attention to the “Global South” has come back to haunt now that Western interests are threatened by an axis of Russian, Chinese and Iranian authoritarianism.
- by Jeremy Warner
Updated
Sharemarket
US tech share rally gives ASX much-needed boost
A rally in US technology stocks helped the Australian sharemarket snap back on Monday, reversing some of last week’s sell-off that plunged the local bourse to a three-month low.
- by Sumeyya Ilanbey
Updated
World markets
ASX slumps after weak US data; BHP shares drop on $60b deal
Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
- by Sumeyya Ilanbey and Millie Muroi
Wall Street rally stalls before GDP figures; ASX closed
Wall Street struggled to gain traction as traders gearing up for key economic data and awaited Facebook parent Meta’s result, which sent the stock tanking in after-hours trading.
- by Rita Nazareth
Insider trading: In Silicon Valley, you can be worth billions and it’s not enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $25 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $US415,726.
- by David Streitfeld