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Wall Street
Tech stocks boost ASX after ‘Magnificent Seven’ drive US stocks to record highs
The technology sector gave the Australian sharemarket a boost after the world’s largest technology companies drove US stocks to record highs on Wall Street.
- by Sumeyya Ilanbey and Millie Muroi
Latest
Updated
Sharemarket
ASX rises as GDP growth slumps; Treasury Wines rallies, miners fall
The Australian sharemarket held on to its gains after the latest GDP data showed the Australian economy barely grew in the first quarter, adding weight to the argument that no further Reserve Bank interest-rate hikes are required.
- by Sumeyya Ilanbey
Opinion
Currencies
The US dollar is making a comeback at China’s expense
The demise of the US dollar has been predicted so often it has been taken as an established truth. It may or may not be true in the long term – but for now, the greenback is back in favour.
- by Stephen Bartholomeusz
Banknotes featuring Charles will be rare as cash is no longer king
Financial and environmental considerations mean new British notes bearing King Charles’ portrait will be few and far between for some time.
- by Tom Rees
Updated
World markets
Big miners, energy sector drag ASX to a loss
The Australian sharemarket slid on Tuesday, reflecting a mixed trading session on Wall Street after a US manufacturing report suggested its economy is slowing.
- by Jessica Yun and Millie Muroi
Opinion
Trade wars
It’s D-Day for Europe’s trade relationship with China
The European Union is on the verge of announcing whether it will significantly raise tariffs on imported Chinese electric cars - and China is threatening to retaliate.
- by Stephen Bartholomeusz
The $726 million reveal: A screenshot from ‘Roaring Kitty’ might have solved a mystery
It was just a screenshot of a portfolio, posted on a Reddit account associated with meme stock folk hero Keith Gill. It sent markets surging and may have revealed just how big his fortune is.
- by Annie Massa, Tom Maloney and Bailey Lipschultz
Updated
World markets
ASX rallies after Wall Street closes out May with some solid gains
The ASX has kicked off the week on a bright note, reflecting a rally on Wall Street after a US economic report showed inflation is still in check.
- by Jessica Yun
Opinion
Oil
How the oil cartel’s grip on the world is getting weaker
The OPEC+ oil cartel’s power and influence is waning and it is being forced to make difficult choices as it grapples with a number of threats.
- by Stephen Bartholomeusz
Updated
World markets
ASX ends week on a high note; tech slide hits Wall Street
Australian stocks ended the week on a high note, ending a three-day sell-off fuelled by higher-than-expected inflation data for April.Â
- by Sumeyya Ilanbey
Updated
World markets
ASX slumps, tracking losses on Wall Street; BHP falls after scrapped Anglo deal
The Australian sharemarket fell for a third consecutive trading session to a one-month low, as investors sold off equities amid concerns persistently high inflation would prompt the Reserve Bank to keep interest rates high for longer.Â
- by Sumeyya Ilanbey