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    Tom Richardson

    Journalist

    Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

    Tom Richardson

    This Month

    The erosive effects of inflation on retirees’ purchasing power is significant, says Integro Private Wealth director Tim Sullivan

    Higher living costs are eating into your super. Here’s what to do

    Retirees are vulnerable to inflation because higher living costs eat into carefully calibrated savings plans that do not benefit from the injection of regular wages. Here’s what to do.

    The ASX 200 is set to open lower, reversing some of Thursday’s rally.

    Shares drop; Bendigo Bank jumps, SkyCity to pay $67m AUSTRAC penalty

    Shares drop 0.85pc. Star’s license suspension extended. US equities swing lower. Iron ore climbs as China posts mixed data. Oil firms. Follow here.

    Damage inflicted on a manganese loading wharf after bulk carrier MV Anikitos crashed into it during Cyclone Megan on Groote Eylandt.

    This small cap has rocketed since South32’s manganese mine disaster

    Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.

    The ASX is set to open higher, following another positive lead from New York.

    Shares eye record high on rate cut bets; WiseTech tops $100

    Shares post best day in 2024. Economy adds 38,500 jobs on surging immigration. Bond yields retreat. Copper, gold, bitcoin rally. Follow here.

    Macquarie wants to seize market share in the fast-growing exchange-traded fund (ETF) sector.

    Macquarie stokes ETF price war, slashes fees to 3 basis points

    Macquarie wants to shake up the asset management sector with ETFs charging management fees as low as 3 basis points.

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    Households are increasingly optimistic about their financial position. But retail spending remains weak.

    Shares smashed as optimistic shoppers prove no match for retail weakness

    JB Hi-Fi and Baby Bunting were among stocks to slide amid disappointing earnings. But new Barrenjoey analysis suggests that the worst may have passed.

    CBA trading update awaited.

    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.

    The ASX is set to open up.

    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.

    Australians under 35 are the biggest speculators in cryptocurrencies, although some are unaware of the need to pay capital gains tax on sales.

    ATO targets crypto traders’ tax affairs, bank details

    The Tax Office is ramping up its surveillance of crypto traders, demanding that exchanges hand over details around clients’ ID, wallet addresses and bank accounts.

    Ruslan Kogan is the chief executive and founder of Kogan.com.

    ASX queries Kogan executive options sale ahead of share plunge

    The online retailer, in response to questions from the market operator, said it did not think a poor sales update that sent its stock tumbling was material.

    The ASX 200 is set to drop.

    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
    The ASX 200 is set to drop.

    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.

    Undersupply and cashed-up buyers are driving house prices higher. But affordability may limit that growth.

    What every buyer needs to know about auction clearance rates

    Auction clearance rates give some clues about when to buy or sell.

    Nigel Ferguson, CEO of AVZ.

    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.

    April

    The ASX 200 is set to drop.

    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.

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    Ruslan Kogan and David Shafer.

    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.

    Johnny Phan says booming cryptocurrency prices are boosting his lending business.

    How Australians are unlocking their crypto riches

    Surging valuations mean many want ways to borrow cash against their digital windfalls, and one altcoin evangelist claims he has a solution.

    Markets are hyper focused on the rate outlook.

    Health care and bank stocks buoy ASX; Star extends decline

    Shares end higher after Israel-Iran tensions fail to escalate; Cettire slumps after news that hedge fund LHC exited its position; Star shares continue to fall. Follow here for more.

    Gas flares on an Iranian offshore oil platform in the Persian Gulf.

    Shares fall and gold, oil surge after reports of attack on Iran

    Shares and commodities whipsawed on Friday, after reports of a missile attack on Iran sent ripples through global markets.

    ASX futures are pointing to a drop at the opening bell.

    Shares, $A sink; gold, oil, bonds jump on Israeli strikes

    Reports of Israeli airstrikes in Iran prompt investors to dump shares, buy gold, oil, bonds. Japan inflation falls to 2.7pc. US equity futures turn lower. Follow here.