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Sharemarket

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ASX closes at record high on rate cut hopes
Updated
Shares

ASX closes at record high on rate cut hopes

The Australian sharemarket has risen after tech stocks drove a rally on Wall Street amid expectations that long-sought cuts to interest rates will be arriving soon.

  • by Penry Buckley

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Donald Trump is on a collision course with an old foe

Donald Trump is on a collision course with an old foe

Donald Trump tried to fire Jerome Powell during his presidency before discovering he didn’t have the authority. Now the Fed chairman is set to throw a spanner in the works heading into November’s election.

  • by Stephen Bartholomeusz
China’s richest man risks losing crown after $20 billion wipeout

China’s richest man risks losing crown after $20 billion wipeout

Besieged by a price war in China’s bottled water market, Zhong Shanshan’s company has found itself on the wrong side of the country’s increasingly nationalistic consumers.

  • by Bloomberg News
ASX dips after losses on Wall Street; Perpetual hit by outflows
Updated
Shares

ASX dips after losses on Wall Street; Perpetual hit by outflows

The Australian sharemarket traded slightly lower on Wednesday after weak session on Wall Street, where earnings reporting season has ramped up for the bigger companies.

  • by Millie Muroi and Sumeyya Ilanbey
Betting on autonomy: Investors are waiting for Tesla’s future to arrive
Opinion
Opinion

Betting on autonomy: Investors are waiting for Tesla’s future to arrive

The electric carmaker’s latest earnings have again missed expectations. It’s time for Elon Musk to keep his promise to turn the company into more than what it is today.

  • by Stephen Bartholomeusz
Four face jail time over ‘pump and dump’ scam on messaging app

Four face jail time over ‘pump and dump’ scam on messaging app

Four people face jail time after being criminally charged with operating a “pump and dump” scheme on encrypted messaging app Telegram.

  • by Colin Kruger
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Investors ‘comfortable’ about a Trump presidency, despite volatility

Investors ‘comfortable’ about a Trump presidency, despite volatility

Economists say the outcome of the US presidential election has been largely priced in by investors, as softening inflation helps to buoy shares.

  • by Millie Muroi
ASX nosedives after US tech sell-off sends stocks skidding

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
ASX dips, tech stocks fall after Nasdaq has its worst day since 2022

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
Musk madness: Why a major investor says Tesla shares will increase 1000 per cent
Opinion
Elon Musk

Musk madness: Why a major investor says Tesla shares will increase 1000 per cent

Is there no circus in which Elon Musk does not want to perform?

  • by Elizabeth Knight
Guns, ammo and jails: How speculators made a quick profit on the ‘Trump trade’

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