Yesterday
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.
This Month
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.
ASX rises; IAG surges on reinsurance deal, Suncorp hits post-GFC high
Shares gain 0.7pc. Suncorp adds 3pc. GQG Partners hits record high. GYG sinks. Adore Beauty in $25m acquisition. Lithium miners retreat. Wall St higher. US inflation, French elections ahead. Follow here.
Shares fall; bond yields jump, property stocks sink on rate bets
Shares lose 1pc as inflation worries hit property stocks. Southern Cross says no to ACM bid. Bitcoin extends losses. European stocks fall ahead of French elections. Follow here.
Why you could be caught by the ‘wealth tax’ this year
Fast-rising wages and asset prices will leave more Australians facing Division 293 tax on their income and deciding whether to pay it from their super.
How anyone can turn $5000 into more than $400,000
Building wealth can be simple if you stay disciplined. Here are six essential lessons for share investors.
CBA rally threatens to dethrone BHP as ASX top stock
A 25 per cent rally in the country’s largest bank has placed it within striking distance of the miner, which has been Australia’s most valuable listed company for more than two years.
- Updated
Shares rise; CBA nears BHP as market’s largest company, MinRes dives
Miners fall again. GyG weaker. Retailers warn on weak sales as living costs rise. Japanese yen weakens on inflation data. US equities mixed. Swiss National Bank cuts rates. Follow here.
Shares slip; Guzman y Gomez surges, Bank of England ahead
Bank of England, Swiss National Bank to hand down rates decisions. Guzman y Gomez targets more than 1000 stores in Australia. Bitcoin fund lists on ASX. Follow updates here.
Hack wipes $140m from Melbourne mansion-owning crypto king
Michael Egorov, who spent $59 million purchasing two mansions in Hawthorn, said I “don’t really live in Australia”. His curve token plunged last week.
The bitcoin ETF wave has arrived in Australia
VanEck is launching a cut-price bitcoin ETF as investors eye cryptocurrency and gold as hedges against geopolitical risk.
ASX drops as China weighs, NAB hits 9-year high
Shares fall; Tapcorp taps AFL’s McLachlan as new chief; Bapcor secures $400m in debt; China steel output jumps; oil prices slip. Follow updates here.
- Updated
Investors scramble for Guzman y Gomez shares amid hot demand
Sources said some investors interested in the $2.2 billion float received 10 per cent of what they had wanted, while others managed to grab 45 per cent.
Shares slip; Deterra sinks on lithium pivot, Tabcorp jumps
Shares lose 0.3pc. Telix scraps US IPO. Bank of Japan holds rates. S&P 500 hits record high. Citi upgrades copper. Trump says he wants to trim US corp taxes. Follow here.
- Updated
- Mergers & acquisitions
Chemist Warehouse may have to sell stores to save merger
Chemist Warehouse may have to sell off part of its store network to convince the competition regulator that plans to merge with Sigma would not lessen competition and lead to higher prices.
- Updated
ASX rises; Sigma sinks, Musk claims Tesla pay package set for approval
Jobless rate falls 0.1pc to 4pc. ASX adds 0.6pc. ASX Ltd tumbles on rising costs. ANZ lifts house price forecasts. Wall St rallies as US inflation slows. Follow here.
Nine stocks to buy and hold forever
Forget crypto because nothing beats buying and holding a terrific business for the long term to create generational wealth, say fund managers.