Today
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
Yesterday
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
Peloton crashes to record low as CEO quits amid lay-offs
The interactive exercise bike company was a pandemic superstar but is now struggling heavily and laying off 15 per cent of the workforce.
- Mark Gurman
This Month
‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout
Shares in Bapcor, which runs 1100 stores under the Autobarn, Autopro and Burson banners, tumbled as much as 35 per cent after a hefty profit downgrade.
- Simon Evans
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
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
The Spanish family who netted $18.5b from a beauty IPO
Members of the Puig family, who made their fortune in perfume and cosmetics, are billions of dollars richer after Europe’s biggest listing this year.
- Ben Stupples and Clara Hernanz Lizarraga
- Opinion
- Investing
How to sleep easy with your investment decisions
If your portfolio is inconsistent with your risk tolerance, you’re more likely to lose sleep and make poor decisions driven by emotions.
- Michael Hutton
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
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 bounce as Powell prepares to walk rates ‘tightrope’
The US Federal Reserve will take centre stage again this week, when some forecasters are expecting its chairman to address an increasingly poor inflation outlook.
- Joshua Peach
- Opinion
- Opinion
How Australia is losing the equity market war
Australia’s equity capital markets are slipping behind global competitors on market value, shares traded and foreign listings. That trend is unlikely to change while the ASX is fixing its monopoly clearing and settlement system.
- Tony Boyd
- Opinion
- Interest rates
How Boomers are busting hopes for rate cuts
Macro commentator James Aitken says interest rates may have to head higher after we underestimated the increasingly powerful wealth effect.
- Jonathan Shapiro
Wall Street lifts as Alphabet breaks $US2trn valuation
A rally in the tech megacaps gave US markets a boost while US economic data showed moderate inflation.
- Chibuike Oguh
Shares sink; Anglo American rejects BHP’s ‘opportunistic’ proposal
Shares fall 1.2pc as rate cut hopes dim. BHP sinks on Anglo American deal. ResMed beats on profits. Wall Street lower on US GDP slowdown. Follow here.
- Tom Richardson, Natasha Rudra, Cecile Lefort, Joanne Tran and Alex Gluyas
Kogan executives handed $17.6m payday three weeks before stock crash
The online retailer disclosed earlier this month that key executives would be able to sell options back to the company without having to exchange them for shares.
- Tom Richardson and Carrie LaFrenz
Meta’s $554b rally to coincide with AI expectations
The Facebook parent has been the best-performer in the sector this year by far amid a surge in profitability. But there’s a catch.
- Carmen Reinicke and Ryan Vlastelica
Reluctant traders protect themselves from market mayhem
The mounting uncertainty in markets has traders buying put options that pay off if stocks keep tumbling.
- Carly Wanna
ASX trims gains after robust CPI; Perpetual drops
Shares flat at the closing bell; $A, bond yields jump as CPI data beat forecasts; Cleanaway denies speculation about Seven takeover offer; Perpetual books $5.2b in net outflows. Follow here for more.
- Updated
- Joanne Tran, Natasha Rudra, Alex Gluyas, Cecile Lefort and Joshua Peach