Today
Geopolitics tops inflation as key market risk: global fund managers
The “perception” of geopolitical risk is a net 88 per cent above normal, and at its highest since November 2022, according to a Bank of America metric.
- 1 min ago
- Timothy Moore
Yesterday
Investors size up ASX small caps as Wall Street pops
With the US central bank looking like it will begin cutting rates, smaller stocks there have been on a tear. The same could happen in local equities.
- Sarah Jones and Joshua Peach
Why Ark’s Cathie Wood is betting big on Tesla
The fund manager is banking on Elon Musk’s move into robotaxi’s will be a catalyst for a roughly 10-fold increase in Tesla’s share price
- Bei Hu
- Opinion
- Chanticleer
Stocks just keep rising, but bonds are flashing a big warning
Wall Street’s rally is grinding on, and now seems to be broadening out. However, beneath the surface, there are signs of fragility that shouldn’t be ignored.
- James Thomson
Trump donations surge to record levels
The $600 million raised is three times the first-quarter total and roughly double their contributions from the same period of the 2020 election.
- Sam Learner, Eva Xiao, Alex Rogers and George Hammond
This Month
Trump’s running mate pick wins Silicon Valley hearts and cash
Billionaire Elon Musk plans to commit around $US45 million a month to a new pro-Trump super political action committee.
- Lizette Chapman and Anna Edgerton
- Analysis
- Investment banking
The Archegos Capital collapse shows nice bankers finish last
As Bill Hwang’s $50 billion family office went broke, the investment banks that tried to help came off worst, including UBS and Credit Suisse.
- Aaron Patrick
- Opinion
- Earnings season
Earnings season will reveal the real inflation picture
Prices are still going up but many companies are realising the limits of their powers, and central banks should be paying attention.
- Vesna Poljak
US September rate cut comes into sharper focus
The unexpectedly good US June CPI report has triggered a surge in the probability of a September rate cut to more than 90 per cent.
- Updated
- Timothy Moore
Tesla tumbles on report of delayed Robotaxi unveiling
Tesla is delaying its planned robotaxi unveiling to allow teams working on the project more time to build additional vehicle prototypes, Bloomberg reported.
- Dana Hull and Ed Ludlow
- Opinion
- Opinion
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
Democratic donors warn of campaign funds ‘drying up’ as Biden holds on
Donors have become crucial in the fight over the president’s future, with some pushing for him to withdraw even as Democrats on Capitol Hill waver.
- Alex Rogers and James Fontanella-Khan
Archegos founder Hwang found guilty over fund’s $53b collapse
The Archegos meltdown in 2021 sent shock waves across Wall Street and drew regulatory scrutiny on three continents.
- Jody Godoy
Wall Street’s big run; Incitec dumps sale talks; Inside Biden’s fight
Read everything that’s happened in the news so far today.
Wall Street’s big run has investors trying to pick the top
The No.1 question is: when will the remarkable run come to an end? Another nine days of gains (out of the past 10) only makes it more fascinating.
- Anthony Macdonald
Corporate France bids adieu to Macron’s pro-business agenda
Many business leaders are relieved to see extremes neutralised, but political gridlock and the rise of the left has sparked concern.
- Anne-Sylvaine Chassany, Adrienne Klasa, Leila Abboud and Sarah White
On Wall St, 100-hour weeks return for junior bankers
As transactions pick up, some young staff are lying about their work hours to save themselves a little free time.
- Katherine Doherty
US jobs data bolsters rate cut bets: Wall Street
US bond yields fell and equities extended their rally as the path to a Fed pivot has become ever so slightly wider.
- Timothy Moore
Why Forager exited Meta after the stock surged 194pc
Portfolio manager Harvey Migotti oversaw a 21 per cent 2023-24 return. He reveals how the big returns from Meta were redeployed into quality compounders of the future.
- Joanne Tran
Is this Kamala Harris’ moment?
Donors are sceptical of the US vice president, but she has a base of party support if the Democrats decide to replace Joe Biden.
- Joshua Chaffin, James Fontanella-Khan and Lauren Fedor
