Today
S&P 500 rebounds to record high on rate bets
All three US benchmarks rallied after more price data lifted optimism that the Fed is poised to cut rates, perhaps even by half a percentage point in September.
- 2 mins ago
- Timothy Moore
Yesterday
ASX hits record high as Fed gets ‘all clear’ to cut rates
Shares and bonds have rallied, but economists are warning investors against reading too much into what the data could mean for Australia’s own central bank.
- Joshua Peach and Joanne Tran
ASX hits record; Army private ‘a spy’; Defiant Biden gaffes again
Read everything that’s happened in the news so far today.
- Opinion
- Earnings season
Earnings season will reveal the real inflation picture
Prices are still going up but many companies are realising the limits of their powers, and central banks should be paying attention.
- Vesna Poljak
ASX to rise, S&P 500 falls on September rate cut bets
Australian shares are set to open higher. Wall Street dropped as June’s shock CPI data triggered a rotation out of tech and into small caps.
- Updated
- Timothy Moore
Shares hit record high; CBA tops BHP as market’s most valuable company
NAB hits post-GFC high. CBA hits record high. BHP falls. Traders ramp bets on US Fed rate cuts on shock inflation data. Bond yields fall. Citi tips Rio to do lithium deal. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Alex Gluyas and Joanne Tran
Tesla tumbles on report of delayed Robotaxi unveiling
Tesla is delaying its planned robotaxi unveiling to allow teams working on the project more time to build additional vehicle prototypes, Bloomberg reported.
- Dana Hull and Ed Ludlow
This Month
Retail ownership of big banks crashes to lowest level on record
Hot demand from offshore and local institutional investors has been driving up the share price of the country’s big lenders, a Jarden analysis shows.
- Joanne Tran
- Opinion
- Wall Street
Market strategists are thankfully abandoning S&P 500 targets
Wall Street firm Piper Sandler says index targets are not useful. Its US counterparts should be following suit.
- Jonathan Levin
How Airlie’s Granger got his small-cap fund off to a cracking start
Portfolio manager Will Granger has more than doubled the benchmark with his new Small Companies Fund. He is now backing this little-known retailer stock.
- Sarah Jones
New Hope has bigger ambitions at $1.1b Malabar Resources
After the company raised $300 million in July, there is logic behind it making a play for all of NSW coal miner Malabar Resources.
- Tom Richardson
ASX rallies 1pc; Pressure builds on Biden; Get-rich tricks
Read everything that’s happened in the news so far today.
ASX jumps as CBA rallies; BHP suspends nickel production
Local shares neared a record high after a broad rally led by CBA. BHP concludes nickel review. ANZ Bank targeted by regulator. Cettire jumps. US June CPI ahead. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Alex Gluyas, Sarah Jones, Joanne Tran and Joshua Peach
ASX to rally, S&P 500 closes above 5600 points
Australian shares are set to open higher. All three US benchmarks advanced with the S&P 500 and Nasdaq resetting records on another tech surge.
- Updated
- Timothy Moore
Macquarie says it’s time to buy real estate stocks before rate cuts
The broker has warned that the “best” phases for ASX returns is behind us and is urging investors to buy more defensive companies amid signs that returns are starting to falter.
- Joshua Peach
Wall Street’s big run; Incitec dumps sale talks; Inside Biden’s fight
Read everything that’s happened in the news so far today.
Miners drag ASX lower; Insignia falls 7pc; Bell Financial jumps
Shares decline at the closing bell; Incitec Pivot stops sale negotiations for fertilisers business; Bell Financial forecasts 47 per cent profit jump; miners fall as iron ore futures lower. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Sarah Jones and Alex Gluyas
ASX to drop, US stocks rise on Powell’s rate signal
Australian shares are set to open lower. The S&P 500 edged up to another record closing high, bolstered by renewed hopes for a September interest rate cut.
- Updated
- Timothy Moore
Aussie ETFs top $200b as investors flood back to stocks
Strong performance from funds exposed to global equities are drawing investors and fund managers to the fast-growing local ETF market.
- Joshua Peach
Hedge funds turn on Cettire, betting shares will keep falling
The online fashion retailer is now the second most shorted stock on the ASX as hedge funds ramped up bets against the stock over the past week.
- Alex Gluyas
