Latest
Tesla tumbles, pacing magnificent seven sell-off in New York
Australian shares are set to open lower. S&P500 falls below 5500, Dow briefly trades below 40,000.
- 21 mins ago
- Timothy Moore
End of an era as Antipodes Partners snaps up Maple-Brown Abbott
The investments house was established in 1984 and managed money for some of Sydney’s wealthiest families. The deal creates an $18 billion asset manager.
- Joshua Peach and Jonathan Shapiro
Is this it for the big tech trade? Funds are divided
The first batch of earnings results from the magnificent seven has failed to lure investors back to a rally that lost steam this month.
- Joshua Peach
Private credit crackdown; Tension at Olympics; Musk dares doubters
Read everything that’s happened in the news so far today.
Energy and property stocks weigh on ASX; $A drops below US66¢
Shares slip at the closing bell; Perpetual hit with outflows; the Australian dollar extends sell-off as iron ore inches closer to $US100. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
ASX to rise; Tesla misses, Alphabet slightly beats expectations
Australian shares appear set for a modest opening advance. Tesla shares fell in extended trading. Alphabet gets Cloud boost. Oil slides again. Bitcoin slumps.
- Updated
- Timothy Moore
Opinion & Analysis
We’re cracking down on market-moving media leaks
ASIC has begun a targeted review of apparent leaks to media. Confidentiality rules will be under scrutiny.
Market regulator
This is what could spark the next market correction
Scepticism about how AI investment will translate into earnings is starting to build. That’s a worry given how heavily the market is invested in tech.
Columnist
Trump v Harris: Seven ASX stocks to play the US election
Forget speculative Trump trades, the ramifications for Australian investors from the US election are likely to be much bigger.
Columnist
Why it’s time for ETF investors to stop tracking the ASX 200
Fundamentals still count. Shares can rise and fall quickly on a piece of news, and it’s not passive funds that are driving that price action.
Contributor
Companies in the News
Fortescue Metals Group
Commonwealth Bank
ASX Limited
National Australia Bank
Updated: Jul 24, 2024 – 4.46pm. Data is 20 mins delayed.
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View stories and data from an ASX listed company
Meet the Fundie
M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid
Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.
- Joanne Tran
Three little-known stocks driving this veteran’s mega returns
Pengana’s James McDonald discusses his blockbuster year and the ASX-listed stocks he is backing into the new financial year.
- Joshua Peach
Meet the fund manager doing it better than everyone else
In a market completely saturated with Aussie equity funds, Robert Gregory, a one-man band, has come out on top thanks to some cracking stock bets.
- Sarah Jones
Yesterday
- Opinion
- Regulation
We’re cracking down on market-moving media leaks
ASIC has begun a targeted review of apparent leaks to media. Confidentiality rules will be under scrutiny.
- Joe Longo
This Month
- Opinion
- Chanticleer
This is what could spark the next market correction
Scepticism about how AI investment will translate into earnings is starting to build. That’s a worry given how heavily the market is invested in tech.
- James Thomson
$A hit with longest stretch of losses in a year on China woes
The Australian dollar fell for a seventh session below US67¢ as concerns about China’s economy weigh on the currency and commodity prices.
- Joanne Tran
Traders seek shelter in hard-hit assets on US election twist
Investors are bracing for volatility in the lead-up to the US presidential vote, so emerging market specialists are hiding out in South America and India.
- Carolina Wilson, Vinícius Andrade and Ronojoy Mazumdar
US regulators approve ether ETF in latest crypto milestone
The SEC has signed off on a spot ETF that invests directly in the world’s second-largest cryptocurrency. The digital asset has already jumped 50 per cent this year.
- Emily Graffeo
Bosses fear CFMEU; ASX pump-and-dump crew hit; Top 10 banker deals
Read everything that’s happened in the news so far today.
ASX rises as tech stocks bounce; Woodside hits one-month low
Australian shares open higher. Nvidia, Tesla pace a megacap tech rally. $A hits 1-month low. Copper hits a 3-month low. Follow updates here.
- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
ASX to rise, S&P 500 rebounds on Nvidia, Tesla
Australian shares are set to open higher as US investors opted to buy after last week’s tech-paced sell-off. Commodities slip.
- Timothy Moore
Biden’s exit sends investors rushing to readjust ‘Trump trades’
Traders have poured into gold and are recalibrating their equities positions as a reset of the US presidential election creates uncertainty in the markets.
- Joshua Peach
Obama silent on Harris; Seven US election stocks; Vendor’s $1.2m bonus
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Trump v Harris: Seven ASX stocks to play the US election
Forget speculative Trump trades, the ramifications for Australian investors from the US election are likely to be much bigger.
- James Thomson
Nasal viagra biotech launches capital raising, Alpine on ticket
Street Talk understands sole lead manager Alpine Capital was seeking bids at 73¢ per share on Monday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX falls; Insignia rallies 5pc; South32 sinks 13pc
Shares decline at the closing bell; gold and oil rise as US election chaos escalates after Biden drops out; Woodside splashes $1.35 billion on US LNG. Follow here for more.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid
Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.
- Joanne Tran
ASX to fall as investors await magnificent seven earnings
Futures indicate the local index is set to drop 0.8 per cent or by 67 points to 7876 at the start of trade, dragged lower by a fall on Wall Street.
- Joanne Tran
- Opinion
- Sharemarket
Why it’s time for ETF investors to stop tracking the ASX 200
Fundamentals still count. Shares can rise and fall quickly on a piece of news, and it’s not passive funds that are driving that price action.
- Arian Neiron
US equities drop as selling pressure persists
The S&P 500 posted its worst week since April as investors continue to shift from this year’s winners to its laggards.
- Timothy Moore
Chaos across Melbourne as hospitals, airport, supermarkets hit
Shares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
- Timothy Moore, Tom Richardson, Joanne Tran and Joshua Peach
- Opinion
- Chanticleer
Time to sell stars like CBA and Nvidia? History says be careful
More market watchers are getting worried the stars of this rally are starting to fade. But new research says big winners tend to keep winning.
- James Thomson
No party for ASX at 8000 | CFMEU scandal spreads | Twiggy’s green hydrogen blow
This week on the Chanticleer podcast, James and Anthony discuss the subdued reaction to the ASX hitting a historic high, react to recent CFMEU coverage, and explore Fortescue’s revised green hydrogen plans.
