Business
Markets
ASX nosedives after US tech sell-off sends stocks skidding
Miners leading the decline, after several big technology stocks continued their slide and dragged Wall Street down for a second consecutive trading session.
- by Millie Muroi
Latest
ASX dips, tech stocks fall after Nasdaq has its worst day since 2022
Local technology shares tracked their US peers lower, dragging down the ASX benchmark on Thursday, with interest-rate sensitive sectors also sliding amid the sell-off.
- by Millie Muroi
Opinion
US Votes 2024
Hey Big Spender! How Trump plans to step up America’s debt binge
The Republican Party’s platform for the November election is a 16-page document containing 20 policy measures. Oddly, there’s no word of debt or deficits anywhere.
- by Stephen Bartholomeusz
Trump-Vance presidency could herald a new era for the US dollar
In most cases, Trump likes his policies to be “strong,” but when it comes to the value of the US currency, he has long expressed a different view.
- by Alan Rappeport
Updated
Wall Street
ASX hits new high as property and tech stocks rise
Interest rate-sensitive tech and property stocks pushed the Australian sharemarket into record territory on Wednesday, as investors bet on the US Federal Reserve cutting interest rates sooner rather than later.
- by Sumeyya Ilanbey
World’s biggest luxury tycoons lose $25 billion as demand slows
As sales of luxury goods and beauty products decline in some regions, so have the fortunes of a clutch of the world’s richest people.
- by Tara Patel
Opinion
Renewables
Cutting the green claptrap: Climate activists were right about BP all along
The oil giant has switched almost overnight from the green darling of the European “majors” to arch-villain by betting the farm on oil and gas and retreating from renewables and clean-tech investment.
- by Ambrose Evans-Pritchard
Wall Street ramps up ‘Trump trade’ after attack; ASX dips below 8000 points
Mining stocks dragged down the Australian shares benchmark on Tuesday, while on Wall Street the ‘Trump trade’ gained momentum, pushing US share indices to record highs.
- by Millie Muroi
Opinion
US Votes 2024
Guns, ammo and jails: How speculators made a quick profit on the ‘Trump trade’
Picking investment winners under a Donald Trump regime has become the market’s latest sport.
- by Elizabeth Knight
ASX posts another record after US shares surge on rate-cut hopes
The Australian shares benchmark hit a second consecutive high after Wall Street’s main indices surged on Friday on the back of expectations that US interest rates would soon be cut.
- by Millie Muroi and Jessica Yun
Opinion
US Votes 2024
Trump’s radical policy agenda looms larger after the shooting
A second Trump presidency could lead to a new breakout of inflation in the US, even as the Federal Reserve board’s independence would be under threat.
- by Stephen Bartholomeusz