Today
Nvidia enters correction territory as slump extends into third session
Shares in the semiconductor maker have tumbled more than 10 per cent, putting it back below the $US3 trillion market-cap threshold.
- 1 hr ago
- Ryan Vlastelica
How anyone can turn $5000 into more than $400,000
Building wealth can be simple if you stay disciplined. Here are six essential lessons for share investors.
- 1 hr ago
- Tom Richardson
Yesterday
Wall Street’s record rally built on ‘shaky foundations’
The AI-powered surge in the US sharemarket has lifted the S&P 500 by 32 per cent from its October lows, but equity strategists warn not everything is so rosy under the hood.
- Updated
- Alex Gluyas
ResMed sinks as drug trial sparks Ozempic-style sell-off
New results from Eli Lilly’s weight-loss treatment have traders reaching for the sell button, but analysts aren’t so sure.
- Updated
- Joshua Peach
ASX slips; Cettire slumps 49pc; Paladin to buy Fission for $1.3b
Shares close down 0.8 per cent; Star drops after profit warning; Myer explores merger with Premier’s Just Jeans, Jay Jays; Cettire issues profit warning; ResMed sinks as Ozempic fears resurge. Follow updates here.
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach, Alex Gluyas and Sarah Jones
This Month
Global ambitions a dangerous trap for overzealous local giants
“An organic approach to world domination is a better way to do it,” says Allan Gray’s Simon Mawhinney. A string of failures shows he’s on the money.
- Jemima Whyte
Gen Z demand makes Guzman y Gomez the hottest retail stock
About 30 per cent of all shares traded on Superhero, a popular online platform, were in the Mexican restaurant group on Thursday. Still, demand is falling.
- Joanne Tran
Shares rise; CBA nears BHP as market’s largest company, MinRes dives
Miners fall again. GyG weaker. Retailers warn on weak sales as living costs rise. Japanese yen weakens on inflation data. US equities mixed. Swiss National Bank cuts rates. Follow here.
- Timothy Moore, Tom Richardson, Alex Gluyas, Cecile Lefort, Joanne Tran and Joshua Peach
- Opinion
- The AFR View
Can big burritos save public markets?
We won’t know for many years whether Guzman y Gomez investors have overestimated Australians’ appetite for Mexican-themed restaurants.
- The AFR View
Wilson’s Oberg is tipping 50pc upside in this small-cap stock
Wilson Assets Management’s Oscar Oberg is bullish on Iress even as its share price has tanked. He also like G8 Education and reveals why he is looking to buy up retail stocks again.
- Updated
- Joanne Tran
Shares slip; Guzman y Gomez surges, Bank of England ahead
Bank of England, Swiss National Bank to hand down rates decisions. Guzman y Gomez targets more than 1000 stores in Australia. Bitcoin fund lists on ASX. Follow updates here.
- Timothy Moore, Tom Richardson, Sarah Jones, Alex Gluyas, Cecile Lefort, Joshua Peach and Joanne Tran
ASX tips lower; energy stocks gain, WA1 Resources soars 25pc
Australian shares end lower. CSR bows out of ASX after six-decade run. Beach Energy hit with broker downgrades. Helia Group sinks on CBA review.
- Updated
- Timothy Moore, Joshua Peach, Alex Gluyas, Cecile Lefort, Joanne Tran and Sarah Jones
Nvidia eclipses Microsoft as world’s most valuable company
Shares of the chipmaker climbed 3.5 per cent, lifting its market capitalisation above Microsoft, just days after it overtook Apple.
- Shristi Achar A and Noel Randewich
NSW budget winners; Bitcoin ETFs arrive in Oz; 15 ASX stock picks
Read everything that’s happened in the news so far today.
ASX rallies 1pc as RBA leaves rates on hold; Fortescue drops over 5pc
Shares advance; Reserve Bank leaves cash rate unchanged at 4.35 per cent; CBA powers higher; Fortescue Metals slumps after $1.1 billion block trade. Follow here for more updates.
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach, Alex Gluyas and Sarah Jones
- Opinion
- Opinion
Aussie tech stocks that could supercharge a portfolio
These seven companies have collectively returned an astonishing 1151 per cent since 2016.
- James Weir
Why investors should care about the Biden-Trump debate
Global markets have been rocked by shock voting in India, Mexico and France, but next week’s first US presidential debate is tipped to exacerbate that turbulence.
- Alex Gluyas
Telix pulls $300m Nasdaq IPO as investors demand deep discount
The cancer treatment hopeful had announced plans to list in New York only last week as it searched for more capital. On Friday, it withdrew from the initial public offering.
- Kylar Loussikian
Ausbil’s Xiradis more bullish than most on ASX growth stocks
The 45-year market veteran is considering whether to back Guzman y Gomez’s IPO, saying the fast-food chain will “capture the imagination” of investors.
- Alex Gluyas
Shares slip; Deterra sinks on lithium pivot, Tabcorp jumps
Shares lose 0.3pc. Telix scraps US IPO. Bank of Japan holds rates. S&P 500 hits record high. Citi upgrades copper. Trump says he wants to trim US corp taxes. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Cecile Lefort, Alex Gluyas and Joanne Tran
