Today
ASX to rise, Nasdaq edges higher, Powell reiterates patience
Australian shares are set to advance. Budget details in focus. US investors await April CPI report. Meme stocks extend surge. Bitcoin struggles.
- 50 mins ago
- Timothy Moore
Yesterday
Does Roaring Kitty’s return signal another round of meme-stock mania?
Shares of GameStop surged on Wall Street after a surprise social media post by Keith Gill, famed for creating a trading frenzy in meme stocks in 2021.
- Subrat Patnaik and Bailey Lipschultz
Investors weigh whether to chase China’s new bull market
The 27 per cent surge in Chinese stocks this year continues to wrong-foot many asset managers, but some are cashing in following a disappointing few years.
- Alex Gluyas
Australian ETF winners had returns as high as 153pc
US megacap tech stocks and cryptocurrencies proved profitable investments in the last year, according to the latest top-performing ETF data – alongside some other surprise standouts.
- Joshua Peach
- Opinion
- Investing
Perpetual’s shrunken shadow casts a pall over public sharemarket
The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.
- The AFR View
- Opinion
- Chanticleer
Meme stock stupidity is back at the dumbest possible time
The $6 billion jump in the value of crappy US retailer GameStop is a sign of pure speculative excess.
- James Thomson
ASX closes lower ahead of federal budget; critical mineral miners jump
Australian edged down in quiet session ahead of federal budget. Energy and real estate stocks fall. Budget at 7.30pm. US producer prices ahead.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Alex Gluyas and Cecile Lefort
Hedge funds are once again targeting Qantas
Almost $300 million has been bet against Australia’s largest airline, even as it attempts to repair its relationship with customers after selling tickets on flights that were already cancelled.
- Joshua Peach
ASX to slip, S&P 500 dips as CPI awaited
Australian shares are set to edge lower with the federal budget in focus. The Dow and S&P 500 edged down, the Nasdaq advanced with price data in focus.
- Updated
- Timothy Moore
This Month
- Opinion
- Chanticleer
Investors shouldn’t believe Chalmers on inflation just yet
For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well.
- Updated
- James Thomson
Nvidia rivals gold as shield against inflation, survey shows
The mega cap US tech stocks are not only a bet on innovation but also offer potential protection against inflation, according to some investors.
- Edward Harrison
Macquarie dominated on-market block trades in April; Goldies dips
The investment bank’s transition desk was run off its feet, handling a mammoth growth equities transition valued somewhere between $1 billion and $2 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX closes flat, Fletcher, Lendlease drop
Shares flat; Fletcher hit by weak housing market; Lendlease disputes ATO claims; Iress in security breach; ANZ investigated by ASIC. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Alex Gluyas, Sarah Jones and Joshua Peach
These 5 ETFs posted double-digit returns in April’s shock sell-off
The fall in global sharemarkets stopped the fast-growing ETF industry in its tracks in April, but proved profitable for several short-style strategies.
- Updated
- Joshua Peach
- Opinion
- Chanticleer
The five rules of Wall Street legend Jim Simons still ring true
The death of Jim Simons, the quant king hailed by many as the world’s greatest investor, is a reminder that greatness is rarely made by running with the pack.
- Updated
- James Thomson
Airlie’s Emma Fisher is making her next big bets
Mineral Resources and Reece have been career-defining picks. This year, she’s sold down CBA and is going large on one of the most shorted stocks on the ASX.
- Sarah Jones
Markets on edge ahead of budget cash splash
Australian shares are set to edge lower on Monday as they wait to assess the impact of federal budget spending on the central bank’s path to an interest rate cut.
- Cecile Lefort
Dow Jones, S&P 500 edge higher
US equities ended the week with a modest advance, though the megacap techs were mixed and the Nasdaq edged down.
- Updated
- Timothy Moore
Jim Simons, ‘quant king’ at Renaissance Technologies, dies at 86
The mathematician-investor created what many in finance consider the world’s greatest moneymaking machine at his secretive firm.
- Patrick Oster and Katherine Burton
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
