Today
Energy pushes ASX higher, Life360 falters
Shares lift; Suncorp homeloans up; QBE premium increases help results; Helia in $100 million share buyback, Upbeat outlook for St Barbara. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran, Sarah Jones and Joshua Peach
Confession season kick-off fails to derail ASX run
Fund managers say this year’s Macquarie Australia Conference was among the least eventful in recent memory – and that may be a good sign for investors.
- Joshua Peach
Bezos, Zuckerberg lead magnificent seven insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $242 million since late 2023.
- Ben Stupples
Yesterday
Why Rio Tinto is worth more than its $130 price tag
Maple-Brown Abbott’s Emma Pringle is betting the iron ore giant’s share price has more room to run. She’s also bullish on Healius despite a shaky 12 months.
- Joanne Tran
Stock rally ‘too good to be true’, warn CIOs
Investment chiefs say the market looks too expensive given the uncertain economic backdrop and that there’s good reason to be cautious for the rest of this year.
- Joanne Tran
Shares fall; Baby Bunting crashes, retailers dive, banks drop
Shares slip 1.1pc. Retail worries mount on multiple trading updates. CBA’s profit slips 5pc, consumer debts creep higher. Westfield lifts investment after Bondi attack. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Sarah Jones and Joanne Tran
European stocks rise to new record on solid earnings
European stocks have added 2.1 per cent already this month. Separately, the FTSE 100 hit a fresh record thanks to strong commodities.
- Macarena Muñoz
This Month
Reddit’s bright first earnings report sends shares soaring
Its IPO was one of the biggest in the US this year – and its first earnings report shows that revenue increased 48 per cent.
- Aisha Counts
Companies tap offshore money as IPO drought deepens
A dire environment for capital raising is seeing a rise in dual listing activity between Canada and Australia as companies look to raise more money overseas.
- Joshua Peach
Shares flat; Perpetual shares sink on KKR deal, Pinnacle jumps
Shares pare gains. ANZ sticks to Nov rate cut call. Dow rises for five straight days. Goodman lifts guidance. IPH lobs Qantm takeover bid. Leo Lithium sells $US343m tenement stake. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joanne Tran and Cecile Lefort
Investors pull money from Wall Street in favour of Asia, Europe
Fund managers are reallocating money away from Wall Street betting that ‘US exceptionalism’ has run its course.
- Ishika Mookerjee, Charlotte Yang and Sagarika Jaisinghani
ASX has best day in three months on RBA rate call; banks rally
Shares jump 1.4 per cent at the closing bell as CBA climbs; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Copper breaches $US10,000. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Cecile Lefort and Sarah Jones
Investors return to Chinese stocks on housing policy hope
Battered Chinese assets are getting a second look as a combination of earnings recovery, policy support and cheap valuations lure investors.
- Charlotte Yang and Iris Ouyang
ASX tipped to hit 8300 by year-end defying rate talk
Brokers and investors have all turned more positive on the outlook for the sharemarket, despite traders pushing out interest rate cut expectations to early next year.
- Joanne Tran
ASX rises ahead of RBA cash rate decision; Westpac rallies
Real estate and technology stocks push shares higher; Qantas agrees to pay $120 million to resolve ACCC dispute; Westpac announces $1 billion buyback; GrainCorp downgrades profit guidance. Follow here for more.
- Updated
- Joanne Tran, Cecile Lefort and Sarah Jones
ASX to lift as RBA is urged to decide amid push for more tightening
Futures indicate the benchmark S&P/ASX 200 Index is poised to rise 0.3 per cent at the start of trade on Monday, before the RBA’s May rates decider.
- Updated
- Joanne Tran
- Opinion
- Interest rates
Everyone calm down, inflation is not taking off again
The Reserve Bank should be alert to stubborn price pressures, but not alarmed.
- Updated
- Tim Hext
- Opinion
- Investing
The succession wisdom of an iconic value investor
Fund manager Richard Pzena has made some tricky decisions during his career. But one he is particularly proud of is to act early on succession: his.
- Updated
- Jonathan Shapiro
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
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
