Yesterday
Retail ownership of big banks crashes to lowest level on record
Hot demand from offshore and local institutional investors has been driving up the share price of the country’s big lenders, a Jarden analysis shows.
- Joanne Tran
- Opinion
- Wall Street
Market strategists are thankfully abandoning S&P 500 targets
Wall Street firm Piper Sandler says index targets are not useful. Its US counterparts should be following suit.
- Jonathan Levin
How Airlie’s Granger got his small-cap fund off to a cracking start
Portfolio manager Will Granger has more than doubled the benchmark with his new Small Companies Fund. He is now backing this little-known retailer stock.
- Sarah Jones
New Hope has bigger ambitions at $1.1b Malabar Resources
After the company raised $300 million in July, there is logic behind it making a play for all of NSW coal miner Malabar Resources.
- Tom Richardson
ASX rallies 1pc; Pressure builds on Biden; Get-rich tricks
Read everything that’s happened in the news so far today.
ASX jumps as CBA rallies; BHP suspends nickel production
Local shares neared a record high after a broad rally led by CBA. BHP concludes nickel review. ANZ Bank targeted by regulator. Cettire jumps. US June CPI ahead. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Alex Gluyas, Sarah Jones, Joanne Tran and Joshua Peach
ASX to rally, S&P 500 closes above 5600 points
Australian shares are set to open higher. All three US benchmarks advanced with the S&P 500 and Nasdaq resetting records on another tech surge.
- Updated
- Timothy Moore
This Month
Macquarie says it’s time to buy real estate stocks before rate cuts
The broker has warned that the “best” phases for ASX returns is behind us and is urging investors to buy more defensive companies amid signs that returns are starting to falter.
- Joshua Peach
Wall Street’s big run; Incitec dumps sale talks; Inside Biden’s fight
Read everything that’s happened in the news so far today.
Miners drag ASX lower; Insignia falls 7pc; Bell Financial jumps
Shares decline at the closing bell; Incitec Pivot stops sale negotiations for fertilisers business; Bell Financial forecasts 47 per cent profit jump; miners fall as iron ore futures lower. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Sarah Jones and Alex Gluyas
ASX to drop, US stocks rise on Powell’s rate signal
Australian shares are set to open lower. The S&P 500 edged up to another record closing high, bolstered by renewed hopes for a September interest rate cut.
- Updated
- Timothy Moore
Aussie ETFs top $200b as investors flood back to stocks
Strong performance from funds exposed to global equities are drawing investors and fund managers to the fast-growing local ETF market.
- Joshua Peach
Hedge funds turn on Cettire, betting shares will keep falling
The online fashion retailer is now the second most shorted stock on the ASX as hedge funds ramped up bets against the stock over the past week.
- Alex Gluyas
Insignia calls in Citi as PE circles; Geoff Lloyd around the hoop
Sources said Geoff Lloyd has been shopping his turnaround credentials and industry nous to potential bidders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Chinese hackers unveiled; Telstra hikes prices; Bapcor shuns $1.8b bid
Read everything that’s happened in the news so far today.
Wilsons joins growing chorus of Guzman y Gomez bulls
Shares in the much-hyped Mexican fast-food chain are tipped to surge more than 10 per cent in the next year, fuelled by ‘significant and sustained earnings growth’.
- Alex Gluyas
ASX climbs nearly 1pc amid broad-based rally; Telstra jumps
Shares rise at the closing bell; Telstra increases price of mobile plans; Bapcor rejects Bain Capital takeover bid and appoints local 7-Eleven chief executive Angus McKay as CEO. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Joshua Peach, Alex Gluyas and Sarah Jones
ASX to rise, Nvidia and Apple pace Nasdaq higher
Australian shares are set to open higher. US equities traded in a narrow range with earnings in focus. Apple nears $US3.5 trillion market valuation.
- Updated
- Timothy Moore
Some of the Gulf’s most influential investors? They’re Australians
The region’s state-owned investment funds that account for more than $US3 trillion ($4.44 trillion) in capital – increasingly deployed into Australian companies.
- Tom Richardson
Why Morgan Stanley says this ASX 200 ETF is the best
Exchange-traded funds that track a major index continue to grow in popularity among investors, but which one is better?
- Michelle Bowes
