Today
- Opinion
- Chanticleer
Wall Street icon Lee Ainslie: it’s a historically good time to invest
The founder of Maverick Capital and former Tiger Cub says there are four reasons active managers are well-placed, including higher rates.
- James Thomson
Yesterday
ASX slumps 1.4pc; Banducci threatened with jail; AFP’s terror warning
Read everything that’s happened in the news so far today.
This Month
Dimon warns of ‘unsettling’ pressures on global markets
The CEO of JPMorgan sees a cascade of pressures including war, rising geopolitical tensions and inflation weighing over markets.
- Updated
- Rob Copeland
US stocks tumble as war fears send ‘fear gauge’ to six-month high
Equities had their worst day since January after a report that Israel was bracing for an attack by Iran on government targets. The VIX index jumped 16 per cent.
- Rita Nazareth
- Opinion
- Chanticleer
Meet the Aussie who will be crucial to KKR’s $1.5trn ambition
KKR has set out some big goals, including more than quadrupling earnings and lifting assets five-fold. A little-known Australian executive will be vital to hitting the targets.
- James Thomson
Regal’s Phil King shorts Tesla and Apple
The star stockpicker says there’s long and short opportunities in the Magnificent Seven, and his fund is playing both sides.
- Joshua Peach
- Opinion
- Chanticleer
Hot US inflation delivers three warnings
The surprising data will give investors plenty to think about. But fading rate cut hopes will also have ramifications for politicians facing the ballot box.
- James Thomson
- Opinion
- Chanticleer
Fundies name ‘fallen angel’ stock picks
On Thursday morning, investors will be obsessing over what US inflation data says about rate cuts. But Munro Partners’ Qiao Ma won’t be one of them.
- Updated
- James Thomson
Wall Street’s lofty profit expectations to test market rally
Investors will be questioning whether the US mega caps can continue to beat the punchy earnings forecasts set by analysts as US earnings season kicks off this week.
- Alex Gluyas
Investment banks no longer the best way to earn $1b
The likes of Goldman Sachs may have the popular reputation for rich rewards, but there’s far more money to be made in the upper rungs of big buy-side shops.
- Updated
- Sridhar Natarajan and Dawn Lim
- Opinion
- Financial planning
Wall Street workers don’t understand how to prepare for retirement
Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.
- Allison Schrager
ASX to rise, hot US jobs reinforces rate cut delay fears
Futures indicate the benchmark S&P/ASX 200 is poised to rise 0.5 per cent, or by 38 points, at the start of trade on Monday. Traders cut their expectations of an RBA cut in September.
- Updated
- Joanne Tran
US jobs roar again, probability of June rate cut falls
Non-farm payrolls advanced 303,000 in March, the most in nearly a year, led by faster hiring in health care, construction, as well as leisure and hospitality.
- Molly Smith
Goldman Sachs’ women problem is getting worse
The mean hourly pay difference between men and women has reached 54 per cent as the bank struggles to promote more women to top positions.
- Tom Metcalf
‘Sideways’ inflation threatens US rate cut forecasts: Fed official
Minneapolis Federal Reserve boss Neel Kashkari said policymakers need renewed confidence that inflation will cool before beginning a rate-cutting cycle.
- Timothy Moore
Amazon investors eye bigger returns as cash pile grows
The online retailer could see its cash hoard surge through $150 billion this year, and shareholders are keen to pocket directly more of it.
- Jeran Wittenstein and Ryan Vlastelica
Why this US short seller is spooked by Australia
US-based Australian manager Nathan Koppikar says the ASX is too dominated by super funds and investor cliques – and other hedge funds agree.
- Matthew Cranston
Powell says Fed has time before deciding to cut
Chairman Jerome Powell has moved to shut down any notion that the central bank’s rate decisions might be affected by this year’s presidential election.
- Updated
- Steve Matthews
How Tesla lost its grip on the EV market
Sales of the company’s electric cars dropped in the first three months of the year, even as other car makers sold more battery-powered vehicles.
- Jack Ewing and Neal E. Boudette
Tesla shares drop after sales fall short of estimates
The electric car maker handed over 386,810 vehicles in the first three months of 2024 for its first year-over-year sales drop since the early days of the COVID-19 pandemic.
- Dana Hull
