Business
Markets
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
Latest
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
Updated
World markets
ASX hits record high; CBA eclipses BHP as Australia’s biggest company
The Australian sharemarket climbed to a record high after four out of every five stocks that comprise the benchmark S&P 500 Index advanced on Wall Street overnight.
- by Millie Muroi
Updated
World markets
ASX notches up healthy session ahead of key US data
Tech stocks and real estate investment trusts lifted the ASX on Thursday as investors turn their attention to the latest monthly US inflation data.
- by Millie Muroi
‘Selling your soul to the devil’: Tensions rising as Wall Street grapples with 100-hour work weeks
The death of Bank of America associate Leo Lukenas from a heart attack just days after completing a $3 billion deal has put an unwelcome spotlight on Wall Street.
- by Katherine Doherty
Updated
World markets
Miners, utilities drag ASX into the red
The ASX closed out a quiet session in negative territory on the back of a mixed lead from Wall Street, after Fed chair Jerome Powell did little to change the market’s expectations of when the US central bank will cut rates.
- by Jessica Yun