Latest
Wall Street surges as jobs report shows hiring slowdown
Stocks are rising on Wall Street following a government report showing job growth rose modestly in April.
- Alex Veiga and Damian J. Troise
Economists call for tighter immigration to help RBA’s inflation war
Economists from some of the largest banks are urging the government to restrict migrant visas to help ease the housing crisis that is pushing rents and prices of goods higher.
- Cecile Lefort
Father-son duo make $16.7b in 3000pc stock rebound
The shares of Phoenix-based online used-car dealer Carvana have surged from historic lows, but the company still faces challenges.
- Diana Li
ASX climbs a tech share rally; Pro Medicus hits record
Miners, tech lift shares 0.4pc. Afterpay grows sales 25pc. New car sales hit record in April. Apple lifts dividend, buyback to record $US110b. Follow here.
- Updated
- Tom Richardson, Natasha Rudra, Sarah Jones, Cecile Lefort, Joshua Peach and Joanne Tran
ASX to lift; Traders now turn to key US jobs data
Australian shares are poised to rise as tech stocks drove higher ahead of Apple’s earnings. Traders are also gearing up for the US jobs report tonight.
Blackstone taps vast source of cash in $1.5trn credit push
Blackstone has been eagerly driving the expansion of the booming multi-trillion dollar private-debt markets. And it’s paying off.
- Dawn Lim and Silas Brown
Opinion & Analysis
Everyone calm down, inflation is not taking off again
The Reserve Bank should be alert to stubborn price pressures, it’s their job to be so, but they should not be alarmed, writes Pendal’s Tim Hext.
Contributor
Investors aren’t falling for Powell’s ‘confidence’ trick
The Fed chairman has made it clear the bar for a rate rise is very high. But while he hasn’t lost faith in disinflation, rate cuts are moving further away, too.
Columnist
ASX monopoly threatens stability of the Australian financial system
Readers’ letters on why Australia is losing the equity market battle; the true cost of gas; Star’s overdue clean-out; violence and the “Nordic paradox”; and how to sidestep scammers.
Contributor
Investors need to turn detective in the hunt for interest rate pain
Several sectors on the ASX have surged on the prospect of rate cuts that aren’t coming any time soon. It’s time for investors to reassess.
Columnist
Companies in the News
National Australia Bank
Macquarie Group
Woolworths
Commonwealth Bank
Updated: May 3, 2024 – 4.35pm. Data is 20 mins delayed.
Search companies
View stories and data from an ASX listed company
Meet the Fundie
ASX activist HMC Capital takes aim at GrainCorp
HMC Capital has revealed a position in GrainCorp, marking the group’s fourth public bet from the highly concentrated Capital Partners Fund.
- Updated
- Joshua Peach
This top-performing fundie is all-in on ASX gold stocks
Vasilios Piperoglou believes gold stocks will “multibag” in the coming months, and says Collins St Asset Management value fund has a portfolio full of potential winners.
- Alex Gluyas
The biggest market risk you’re probably not thinking about
Insight Investment’s Francesca Fornasari says investors cannot ignore currency markets, especially Australians who are sending billions of dollars overseas.
- Jonathan Shapiro
More From Today
- Opinion
- Interest rates
Everyone calm down, inflation is not taking off again
The Reserve Bank should be alert to stubborn price pressures, it’s their job to be so, but they should not be alarmed, writes Pendal’s Tim Hext.
- 18 mins ago
- Tim Hext
This Month
This fundie says Visa’s shares are a ‘jaw-dropping’ buy
Aoris Investment Management’s Alfred Tadros says investors have missed a trick on the US payments giant and explains why Microsoft is the only magnificent seven stock to own.
- Joanne Tran
Markets cheer after Fed chief rules out rate increases
Traders have ramped up US rate cut bets this year after the Federal Reserve kept interest rates on hold, but the prospect of higher rates in Australia this year is still on the cards.
- Cecile Lefort
- Opinion
- Chanticleer
Investors aren’t falling for Powell’s ‘confidence’ trick
The Fed chairman has made it clear the bar for a rate rise is very high. But while he hasn’t lost faith in disinflation, rate cuts are moving further away, too.
- James Thomson
NAB result boosts banks; Woolworths, Bapcor, Block sink
Shares rise. Sequoia Financial rebels demand CEO exit. NAB declares flat dividend. Woolworths says food prices largely flat, shares sink. Bapcor crashes. Fed says rate rise unlikely. Follow here.
- Natasha Rudra, Tom Richardson, Sarah Jones, Joshua Peach, Cecile Lefort and Joanne Tran
ASX to lift; Powell says rate increase is ‘unlikely’ as Fed holds
Australian shares are poised to rise after the Federal Reserve held interest rates unchanged.
Fed, RBA to talk tough on inflation and rates
The central banks are expected to take harsher tone on tackling inflation at their upcoming policy meetings, further tempering rate cut hopes that have underpinned equities this year.
- Cecile Lefort
AVZ flags delisting, shareholders face $2.8 billion wealth wipeout
The lithium explorer will delist on May 13 as more than 21,000 shareholders remain trapped in a company that joined the S&P/ASX 200 in 2022.
- Tom Richardson
ASX uranium boom lures secretive Canadian hedge fund
A flurry of retail interest and quick capital raisings in the sector has drawn the increasing attention of one Toronto-based hedge fund.
- Joshua Peach
ASX down 1.2pc as all sectors sell off; Qantas shares fall
Shares decline at the closing bell after US data spooks Wall Street; Rabobank expects two RBA rises this year; Qantas app breached, airline investigating cause. Follow here for more
- Joanne Tran, Cecile Lefort, Joshua Peach and Sarah Jones
ASX to drop as hot US labour data sinks Wall Street; Oil falls
Australian shares are poised to fall as Wall Street took a sharp turn towards a monthly loss on hotter than expected labour costs data.
BHP Anglo deal could create headache for ASX investors
The mining giant is already one of the largest companies on the ASX 200. A successful buyout bid of Anglo American could add to the heavy concentration of resource stocks on the index.
- Joanne Tran
April
ASX closes up; worst day for Worley since 2021
Shares firm; retail sales disappoint; $A slips; Sidara sale sinks Worley; BHP confirms $38b settlement; Origin gas revenue falls; Coles sales up. Follow updates here.
- Updated
- Cecile Lefort, Joshua Peach, Joanne Tran and Sarah Jones
ASX monopoly threatens stability of the Australian financial system
Readers’ letters on why Australia is losing the equity market battle; the true cost of gas; Star’s overdue clean-out; violence and the “Nordic paradox”; and how to sidestep scammers.
CBA tips one rate cut this year as retail sales ease fears of a rise
Last week’s hot inflation data reignited the prospect of further rate increases, but Tuesday’s weak retail sales numbers have traders walking back those expectations.
- Cecile Lefort and Joshua Peach
Why now is the time for Aussies to book a flight to Tokyo
The Australian dollar hit a near-decade high against its Japanese counterpart. But history shows such gains could quickly reverse.
- Joshua Peach
Stocks trade for 390 minutes a day. But only the final 10 might matter
Assets in passive equity funds have surged to more than $US11.5 trillion in the US alone - pushing more of trading to the closing minutes of the equities session.
- Justina Lee
ASX to open flat; Wall Street picks up with Fed in focus
Australian shares are poised to open flat as Wall Street picks up with traders looking ahead to the US Federal Reserve’s rates decision meeting this week.
- Opinion
- Chanticleer
Investors need to turn detective in the hunt for interest rate pain
Several sectors on the ASX have surged on the prospect of rate cuts that aren’t coming any time soon. It’s time for investors to reassess.
- James Thomson
Fed rate cut debate shifts from when toward if on sticky inflation
US policymakers are widely expected to hold rates steady at a more than two-decade high this week, so much of the focus will be on any pivot from the Fed chairman.
- Steve Matthews
