Today
Pension giants put brakes on US investments, warning of big tax hit
Future Fund chairman Greg Combet says the “big beautiful bill” could “dramatically escalate tax rates”, and AMP is pausing long-term American investment.
Yesterday
Keating: ‘CBA was flying on one wing when I became Treasurer’
The Commonwealth Bank’s record-breaking share price surge compelled Paul Keating to summon the Financial Review to his Sydney office for a history lesson.
This Month
Is Google facing its own Kodak moment with the rise of AI?
A new age of search is dawning on us, but the sharemarket can’t work out if the dominant player can maintain its status as the internet’s front door.
Markets are ‘lofty but not nutty’, says Oaktree’s Marks
Howard Marks says while Wall Street’s rebound is “troubling”, valuations do not suggest a bubble. Still, he’s telling clients to load up in fixed income.
Seven reasons to think twice about private equity
Private asset managers are expanding their target market to individuals and wealth groups. But one investor is urging caution.
Minack decries Australia as a stagnation nation
Top macro strategist Gerard Minack says Australia’s premium sharemarket valuations are masking a period of economic malaise.
GQG’s Jain warns US stocks have hit an ‘inflection point’
Stockpicker Rajiv Jain told the Morgan Stanley Conference that Wall Street’s valuations are too high in an environment where earnings are hard to predict.
GemLife could be first to trial ASIC’s fast-track IPO process
Investment banks and law firms say the corporate regulator’s push to expedite listings is a good first step towards making public markets more attractive.
As chaos reigns in the US, Porcelli warns of creaking labour market
Tom Porcelli built up a loyal following as RBC’s chief economist. He’s returned to Australia with a $US1.4 trillion manager and a bleak outlook for America.
ASIC shakes up float rules to jumpstart struggling IPO market
The trial measures will accelerate listings and represent the biggest changes to the process for almost a decade.
The ASX’s private credit funds are lending money – to themselves
The so-called manager loans include financing at a cheaper rate than other customers, with restrictions on its use being loosened over the years.
Texan investment giant’s $1b buy order pumps up CBA’s share price
A bulky order for the bank’s stock over the past fortnight has helped the country’s biggest lender pass $300 billion market capitalisation.
The market is more bullish on Commonwealth Bank than Nvidia
It seems nothing can stop CBA’s extraordinary share price rally, which is now threatening to eclipse the magnificent seven tech stocks.
Investors cash in as CBA soars past $300b but distortion fears grow
The bank’s relentless share price rise has seen its value soar well above the second-largest stock, BHP, despite brokers broadly considering it overpriced.
Fix the shrinking ASX before private markets, brokers urge ASIC
The corporate regulator is mulling feedback from almost 90 submissions on its review into Australia’s capital exchange.
Soul Patts ends 56-year Brickworks tie-up with $14b merger plan
The Millner family will emerge with a $1 billion stake in the conglomerate which will sprawl from mining investments and private equity to building materials.
The epic Chemist Warehouse share sale was one for the ages
A momentous transfer of wealth from local chemists to global index funds has just taken place. But who’s getting a bargain?
May
Chemist Warehouse insiders dump shares worth $4.7b in mass exit
One franchisee sold their entire $650 million stake in the pharmacy giant after its backdoor listing, according to analysis of the shareholder register.
CBA’s share price surge puts Comyn on path to $40m stock fortune
The bank’s stock is one of the most expensive in the world, creating a personal windfall for its CEO that has grown steeply over the last two years.
Investors shrug at Victorian debt bomb in search for new safe haven
For all the talk about the age of market vigilantism and deteriorating public balance sheets, there’s no lack of interest in Australian state government bonds.