Wall Street
Updated
World markets
ASX a sea of red as Wall Street tumbles to wrap up ugly April
The Australian sharemarket tumbled after a negative lead from Wall Street, as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.
- by Millie Muroi
Latest
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
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
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
Updated
World markets
Big miners spark ASX gain; jobs data lifts tech shares
Mining heavyweights BHP and Rio Tinto boosted the Australian sharemarket, which also benefited from the latest unemployment figures showing a slowdown in the labour market.
- by Sumeyya Ilanbey
Updated
World markets
ASX tumbles after Wall Street reverses course in rollercoaster session
The Australian sharemarket was a sea of red on Tuesday, weighed down by a “perfect storm” of factors.
- by Millie Muroi
Updated
World markets
ASX dips into red as Middle East tensions rattle markets
The Australian sharemarket dropped on Monday following rising tensions in the Middle East and a mixed start to the US profit reporting season which dragged down Wall Street over the weekend.
- by Millie Muroi and Jessica Yun
Opinion
Sharemarket
You can now short Donald Trump, but should you?
Short-selling meme stocks can be a “yuuuge” mistake.
- by William Bennett