Business
Markets
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
Latest
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
ASX pares back gains on sticky inflation data
The Australian sharemarket forfeited all of its gains on Wednesday as the latest inflation figures dampened expectations of interest rate cuts.
- by Millie Muroi
Donald Trump is owed an extra $1.5b worth of shares in Truth Social
The former US president’s sizable stake in his social media company is set to jump even more as he’s rewarded with additional shares in its parent company. But he can’t sell any of them for months.
- by Jason Karaian and Joe Rennison
Updated
World markets
ASX climbs on back of Wall Street gains in busy earnings week
The Australian sharemarket extended its gains on Tuesday after US stocks rebounded from last week’s sell-off, as worries over a wider Middle East conflict eased.
- by Millie Muroi
Opinion
Bitcoin
The existential threat to bitcoin
Last week’s halving of the supply of new bitcoins and the consequential halving of revenue to the cryptocurrency’s miners raises big questions for its future.
- by Stephen Bartholomeusz
Analysis
Energy
Why Joe Biden’s real enemy is the price of oil
Joe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
- by Jonathan Leake
Opinion
Sharemarket
What the Magnificent Seven’s $1.7 trillion meltdown tells us about the economy
The key question for investors is whether this is just a correction in what has been quite an ebullient market – or something more threatening.
- by Stephen Bartholomeusz
ASX rallies as tech and healthcare stocks rebound
Australian stocks staged a major turnaround on Monday after a torrid fortnight of trading, despite a negative lead from Wall Street.
- by Millie Muroi
Conflict, inflation and market correction weigh on Australian shares
Market watchers expect further pain as tensions between Iran and Israel mount and quarterly domestic inflation figures are released this week.
- by Sumeyya Ilanbey
Bitcoin’s ‘halving’: What is it and does it matter?
The halving, which happens roughly every four years – the latest of which is expected this week – is a change in bitcoin’s underlying blockchain technology designed to reduce the rate at which new bitcoins are created.
- by Reuters