Today
- Live
- Markets Live
ASX eyes best day since mid-May as Collins Foods jumps
Shares rebound; Energy & Minerals Group quits Coronado bid; ResMed dives 11pc in the US; Qantas buys 14 DeHavilland aircraft; Healius updates earnings guidance. Follow updates here.
- 23 mins ago
- Timothy Moore, Cecile Lefort, Joshua Peach, Joanne Tran, Alex Gluyas and Sarah Jones
- Opinion
- Sharemarket
Nvidia’s murky AI future isn’t reflected in its price
Despite the recent sell-off, Nvidia’s shares have still surged some 4000 per cent over the past five years. It’s clearly a great business, but is it a great investment?
- 1 hr ago
- Nir Kaissar
Brokers turn on Cettire after profit downgrade
The company’s shares fell again on Tuesday as analysts doubted whether a soft luxury market was the only cause of its dramatic downgrade.
- 1 hr ago
- Jonathan Shapiro and Carrie LaFrenz
Woolworths, CSL among ASX giants that should sell foreign assets
A wave of Australian companies are ditching their overseas businesses to bring capital back to Australia. MST Marquee says there are more that should do the same.
- Alex Gluyas
Julian Assange released | Career tips from award winners | KFC economic crunch
Read everything that’s happened in the news so far today.
Nvidia share slide erases $646b in market value
Shares in the semiconductor maker have tumbled more than 10 per cent, putting it back below the $US3 trillion market-cap threshold.
- Updated
- Ryan Vlastelica
ASX to rise, Nvidia rout gathers momentum
Australian shares are set to open higher. Oil retakes $US86 a barrel. Nvidia sheds 6.7pc. Bitcoin tumbles near 8pc, trading below $US59,000. S&P 500 slips.
- Updated
- Timothy Moore
Yesterday
Kean gets top climate job; Cettire dives 44pc; Myer’s huge expansion
Read everything that’s happened in the news so far today.
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
Why hedge fund Geometrica only wants to make ‘easy money’
Fund managers James Bradley and Gary Hui go to painstaking lengths before they buy a stock like Nvidia or bet against one like The a2 Milk Company.
- Joanne Tran
This Month
ASX to fall as RBA’s inflation problem rattles nerves
Shares are set to start the week down 0.2 per cent with investor nerves tested by monthly inflation data and RBA deputy governor Andrew Hauser’s assessment of the economy.
- Cecile Lefort
S&P 500 slips, Nvidia paces semiconductor slide
The S&P 500 ended modestly lower as semi stocks pared some of their advance. BofA broadly positive on China’s economic outlook.
- Updated
- Timothy Moore
- Opinion
- Chanticleer
Why the favourite demographer of market gurus predicts catastrophe
History says something really ugly is coming, according to Neil Howe. Investors need to be ready.
- James Thomson
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
CBA rally threatens to dethrone BHP as ASX top stock
A 25 per cent rally in the country’s largest bank has placed it within striking distance of the miner, which has been Australia’s most valuable listed company for more than two years.
- Updated
- Joshua Peach and Tom Richardson
Investors see uranium riches if Coalition’s nuclear plan takes off
The country’s largest uranium developer could almost triple in value if Australia relaxed its restrictive position on the energy source, Morgan Stanley says.
- Joshua Peach
GyG’s winning bank; PM addresses gas risk; It’s Bullock v burritos
Read everything that’s happened in the news so far today.
