Business
Markets
Updated
World markets
ASX set to rise as Big Tech drives Wall Street higher
US stocks are broadly higher, clawing back some of the losses from their worst week since April.
- by Stan Choe
Latest
Opinion
Inflation
Could a Harris economy prove more progressive than ‘Bidenomics’?
As US Vice President Kamala Harris prepares to potentially replace President Joe Biden atop the Democratic ticket, she now faces the challenge of articulating her own vision for steering the US economy.
- by Alan Rappeport
ASX slumps; South32 shares plunge on alumina concerns
The Australian sharemarket fell on Monday as investors pulled back to assess the implications of President Joe Biden’s decision to withdraw from the United States election campaign.
- by Sumeyya Ilanbey and Millie Muroi
Investors ‘comfortable’ about a Trump presidency, despite volatility
Economists say the outcome of the US presidential election has been largely priced in by investors, as softening inflation helps to buoy shares.
- by Millie Muroi
ASX nosedives after US tech sell-off sends stocks skidding
Miners leading the decline, after several big technology stocks continued their slide and dragged Wall Street down for a second consecutive trading session.
- by Millie Muroi
ASX dips, tech stocks fall after Nasdaq has its worst day since 2022
Local technology shares tracked their US peers lower, dragging down the ASX benchmark on Thursday, with interest-rate sensitive sectors also sliding amid the sell-off.
- by Millie Muroi
Opinion
US Votes 2024
Hey Big Spender! How Trump plans to step up America’s debt binge
The Republican Party’s platform for the November election is a 16-page document containing 20 policy measures. Oddly, there’s no word of debt or deficits anywhere.
- by Stephen Bartholomeusz
Trump-Vance presidency could herald a new era for the US dollar
In most cases, Trump likes his policies to be “strong,” but when it comes to the value of the US currency, he has long expressed a different view.
- by Alan Rappeport
Updated
Wall Street
ASX hits new high as property and tech stocks rise
Interest rate-sensitive tech and property stocks pushed the Australian sharemarket into record territory on Wednesday, as investors bet on the US Federal Reserve cutting interest rates sooner rather than later.
- by Sumeyya Ilanbey
World’s biggest luxury tycoons lose $25 billion as demand slows
As sales of luxury goods and beauty products decline in some regions, so have the fortunes of a clutch of the world’s richest people.
- by Tara Patel
Opinion
Renewables
Cutting the green claptrap: Climate activists were right about BP all along
The oil giant has switched almost overnight from the green darling of the European “majors” to arch-villain by betting the farm on oil and gas and retreating from renewables and clean-tech investment.
- by Ambrose Evans-Pritchard