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ASX flat, CSL on course for biggest drop this year
Shares steady; immunoglobulins unit boosts CSL earnings; Seek hit by job ads fall; Orora knocks back Lone Star’s bid; NBN losses deepen. Follow updates here.
- 33 mins ago
July
- Opinion
- Sharemarket
Three ASX companies jockeying to be the next biotech winners
Clarity Pharmaceuticals reports it eliminated prostate cancer in a patient; LTR Pharma wants to sell nasal viagra; and Opthea has clinical trial results soon.
Ten books that could help you become a better investor
We asked money managers, financial advisers and a self-made multimillionaire to nominate the books that taught them the most about creating wealth.
Shares fall; Macquarie, Fortescue sink on results
Shares lose 1pc. Seek warns on profits. ANZ suspends, terminates staff. Fortescue misses production expectations. Wall Street tumbles on slowdown worries. Follow here.
ASIC hits ASX pump-and-dump crew with criminal charges
The corporate cop has hit the alleged ring leaders of an ASX penny stock pump and dump scheme with criminal charges that could come with millions in fines.
Global IT chaos triggered by software glitch eases slightly
The impact of what’s being called the most spectacular IT failure the world has ever seen is expected to take at least several days to tally.
- Updated
Chaos across Melbourne as hospitals, airport, supermarkets hit
Shares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
- Updated
Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
These cheap mining stocks still offer opportunity for investors
A drop in mining business valuations has opened a window of opportunity for investors looking to lock in cheap prices and potentially big dividends.
The ’10-bagger’ stocks that helped push the ASX above 8000
Two blockbuster biotech winners and beneficiaries of investment in the energy transition helped create wealth for savvy investors as shares topped 8000 points.
Should Rio Tinto buy out this ASX lithium miner? Citi thinks so
The investment bank told clients that acquiring Arcadium Lithium could be a more economic option for the iron ore giant than developing its own projects.
Shares hit record high; CBA tops BHP as market’s most valuable company
NAB hits post-GFC high. CBA hits record high. BHP falls. Traders ramp bets on US Fed rate cuts on shock inflation data. Bond yields fall. Citi tips Rio to do lithium deal. Follow here.
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.
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
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.
Banks, miners drag shares lower; Magellan, GQG jump
Shares lose 0.1pc. $A gains as traders eye RBA. UK’s FTSE rallies on Labour govt. Wall St closed. US jobs data, French elections ahead. Follow here.
Miners boost shares; Santos jumps, bitcoin sinks again
Shares rise 1pc. Lendlease, Stockland deal faces ACCC opposition. Magellan jumps. Japanese shares, Nasdaq hit record high. Gold, oil climb. Follow here.
- Updated
- Analysis
- Investing
Ackman’s huge new fund offers zero fees, with a catch
The hedge fund king known for monster returns is set to market up to $US26 billion worth of shares to retail investors with zero fees for 12 months.
- Exclusive
- Venture capital
Frazis unveils venture capital fund, makes first investments
The Gen Y tech investor has nabbed stakes in a dozen start-ups in tech, health and e-commerce, thanks to $10 million raised from wealthy investors.
June
ANZ boss says Suncorp ‘migration’ can avoid Westpac’s St George pain
Shayne Elliott insists he’s learnt from Westpac’s failure to integrate St George, while Suncorp’s Steve Johnston says he can now focus fully on insurance.
