Business
Markets
Updated
World markets
ASX extends gains as investors await key Fed meeting
The Australian sharemarket extended its gains on Tuesday as investors marked time ahead of the US Federal Reserve’s key interest-rate meeting later this week.
- by Millie Muroi and Sumeyya Ilanbey
Latest
Opinion
Global economy
The West is about to make a major error in its economic war against Putin
Lack of attention to the “Global South” has come back to haunt now that Western interests are threatened by an axis of Russian, Chinese and Iranian authoritarianism.
- by Jeremy Warner
Updated
Sharemarket
US tech share rally gives ASX much-needed boost
A rally in US technology stocks helped the Australian sharemarket snap back on Monday, reversing some of last week’s sell-off that plunged the local bourse to a three-month low.
- by Sumeyya Ilanbey
Updated
World markets
ASX slumps after weak US data; BHP shares drop on $60b deal
Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
- by Sumeyya Ilanbey and Millie Muroi
Wall Street rally stalls before GDP figures; ASX closed
Wall Street struggled to gain traction as traders gearing up for key economic data and awaited Facebook parent Meta’s result, which sent the stock tanking in after-hours trading.
- by Rita Nazareth
Insider trading: In Silicon Valley, you can be worth billions and it’s not enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $25 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $US415,726.
- by David Streitfeld
ASX pares back gains on sticky inflation data
The Australian sharemarket forfeited all of its gains on Wednesday as the latest inflation figures dampened expectations of interest rate cuts.
- by Millie Muroi
Donald Trump is owed an extra $1.5b worth of shares in Truth Social
The former US president’s sizable stake in his social media company is set to jump even more as he’s rewarded with additional shares in its parent company. But he can’t sell any of them for months.
- by Jason Karaian and Joe Rennison
Updated
World markets
ASX climbs on back of Wall Street gains in busy earnings week
The Australian sharemarket extended its gains on Tuesday after US stocks rebounded from last week’s sell-off, as worries over a wider Middle East conflict eased.
- by Millie Muroi
Opinion
Bitcoin
The existential threat to bitcoin
Last week’s halving of the supply of new bitcoins and the consequential halving of revenue to the cryptocurrency’s miners raises big questions for its future.
- by Stephen Bartholomeusz
Analysis
Energy
Why Joe Biden’s real enemy is the price of oil
Joe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
- by Jonathan Leake