Latest
ASX to rise, Dow drags Wall Street lower
Australian shares are set to open higher. US stocks were mostly lower. Goldman says bullish equity positioning reflects enduring US exceptionalism.
- 32 mins ago
- Timothy Moore
Bond markets too punchy on RBA rate cuts, say investors
Fund managers say traders have overblown the comments from governor Michele Bullock and are siding with the central bank on the rate outlook.
- Cecile Lefort
China kills ASX bank rally as money piles into miners
Traders are scrambling after China’s latest effort to boost its economy prompted investors to rapidly pull money from the big four banks and pile into the mining sector.
- Updated
- Alex Gluyas
Meta stock bulls look for next rally catalyst
Meta’s annual Connect conference kicks off this week, with industry buzz around the latest technology reveal and updated by chief executive Mark Zuckerberg.
- Carmen Reinicke
Inflation cools; PM targets negative gearing; Macquarie fined
Read everything that’s happened in the news so far today.
ASX ends lower as rotation churns; Rightmove rejects third REA bid
Inflation falls within RBA’s target for first time in 3 years. Investors shift money from banks to miners. Lew sidelines demerger plans. Aussie dollar hits 18-month high. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Joanne Tran, Cecile Lefort, Sarah Jones and Alex Gluyas
Opinion & Analysis
Want a roll-up play that actually works? Try software, for now
Two billionaires and their companies – Canada’s Constellation and ASX-listed WiseTech – have soared in the past decade. Others worry things are about to turn.
Senior reporter
Blockchain revolution won’t wait for Labor to catch up
Blockchain needs to be regulated properly before more investors take the plunge. Yet, the Albanese government is still missing despite its earlier pledges.
Liberal MP
Don’t expect a victory speech from Michele Bullock any time soon
Rate cuts have begun and the Federal Reserve estimates the US cash rate closer to 3 per cent next year. But where does that leave Australia?
Contributor
Why no one should be celebrating the Fed’s super-sized rate cut
Having pushed shares to record levels, investors must now ask what an emergency move from the Federal Reserve says about where global markets are heading.
Columnist
Companies in the News
Coles Supermarkets
Woolworths
Commonwealth Bank
ASX Limited
Updated: Sep 25, 2024 – 4.49pm. Data is 20 mins delayed.
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Meet the Fundie
Ophir’s prediction for the ASX’s next 10-bagger
Shares in a2 Milk, Afterpay and Northern Star earned the coveted status for Ophir and its co-founder Andrew Mitchell. He predicts Life360 will be next.
- Cecile Lefort
Investors have forgotten the lessons of the dotcom crash
MSCI’s head of research Ashley Lester has some thoughts on what many analysts have warned is the next bubble: the rapid rise in US tech valuations.
- Joshua Peach
When bigger is not better: meet the fundies going it alone
As the investment giants grapple with rising costs and dwindling assets, there’s a band of ultra boutique firms that have sprung up and are making waves.
- Joanne Tran
Yesterday
ASX to rise, Nvidia paces Nasdaq higher
Australian shares are set to edge up. Iron ore, oil, gold lift on China stimulus efforts. US-listed shares of BHP, Rio leap. Bitcoin tops $US64,000.
- Timothy Moore
This Month
Traders up bets on RBA December rate cut, ignoring Bullock
The bond market is sticking with its prediction of some rate relief by Christmas, despite governor Michele Bullock saying that inflation remains “too high”.
- Cecile Lefort
Markets cheer China stimulus, but pundits warn it’s no ‘bazooka’
Iron ore futures surged 6 per cent, triggering a rally in ASX mining stocks, but China’s latest support package may not have a lasting impact on commodity prices.
- Alex Gluyas
Aldi the big winner from Woolworths and Coles price gouging backlash
Investment banks warn of huge penalties and reputational damage after the ACCC alleged the supermarkets advertised specials that were cheaper weeks earlier.
- Joshua Peach and Tom McIlroy
PwC’s $820m plunge; China cuts rates; Thousands flee in Lebanon
Read everything that’s happened in the news so far today.
ASX dips as banks and supermarkets sink; BHP rallies
Shares fall; Iron ore spikes on China rate cut; Light & Wonder dives after losing in Nevada; Cettire releases audited results. Follow updates here.
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach, Alex Gluyas and Sarah Jones
ASX to slip, Wall St higher as rate-cut path comes into sharper focus
Australian shares are set to open down. RBA expected to hold rates steady, decision at 2.30pm. Gold resets record, copper gains, iron ore falls, oil slips.
- Timothy Moore
Crypto dream is being ‘killed’ by policy paralysis
Crypto entrepreneurs say the government’s failure to produce digital asset legislation and aggressive enforcement by the regulator is forcing product development underground and new businesses to be launched overseas.
- James Eyers, John Kehoe and Joshua Peach
Go long and let others take the risk: crypto fundies’ top strategies
Some of Australia’s best performing digital asset managers have told investors to ignore the noise when mulling a bet on cryptocurrencies.
- Lucy Dean and Joshua Peach
Coles, Woolies drag ASX lower ahead of RBA
ASX snaps winning streak. ACCC sues supermarket giants for misleading discounts; CBA, iron ore giants fall; Austal nabs US Navy deal; REA makes third bid for Britain’s Rightmove. Follow updates here.
- Timothy Moore, Cecile Lefort, Alex Gluyas, Joshua Peach, Joanne Tran and Sarah Jones
Industry veteran builds ‘better’ model to pick ASX winners
Former Credit Suisse alumni John Birkhold has spent years developing a model that undoes traditional ways of investing – he’s now about to turn it on the ASX.
- Joshua Peach
China must ramp up housing rescue to boost growth, economists warn
Amid doubts over whether China can meet its lofty 5 per cent GDP target, analysts say Beijing needs “a complete change in mindset” to revive the property market.
- Bloomberg News
ASX in the ‘dividend doldrums’ as boards hoard cash
The Australian sharemarket had one of the sharpest declines in payouts in the world in the second quarter and the outlook is not much better, investors warn.
- Alex Gluyas
Supermarkets ‘faked discounts’; RBA reform dead; ASIC targets crypto
Read everything that’s happened in the news so far today.
Bitcoin bros could swing US election: Scaramucci
The former communications director for the Trump presidency said 2 million voters could swing on the candidates’ differing digital asset policies.
- Joshua Peach
ASX to drop from record as traders brace for more RBA hawkishness
Futures indicate the ASX 200 will drop 0.8 per cent at the opening bell on Monday after a week of optimism. Markets in the US closed slightly lower on Friday.
- Alex Gluyas
- Opinion
- Investing
Want a roll-up play that actually works? Try software, for now
Two billionaires and their companies – Canada’s Constellation and ASX-listed WiseTech – have soared in the past decade. Others worry things are about to turn.
- Jonathan Shapiro
- Opinion
- Cryptocurrencies
Blockchain revolution won’t wait for Labor to catch up
Blockchain needs to be regulated properly before more investors take the plunge. Yet, the Albanese government is still missing despite its earlier pledges.
- Simon Kennedy
Ophir’s prediction for the ASX’s next 10-bagger
Shares in a2 Milk, Afterpay and Northern Star earned the coveted status for Ophir and its co-founder Andrew Mitchell. He predicts Life360 will be next.
- Cecile Lefort
- Opinion
- Interest rates
Don’t expect a victory speech from Michele Bullock any time soon
Rate cuts have begun and the Federal Reserve estimates the US cash rate closer to 3 per cent next year. But where does that leave Australia?
- Tim Hext
