Yesterday
The bum note in BHP’s bumper year
Mike Henry has delivered the sort of numbers he’s become known for. But BHP’s operational excellence make the issues at its potash project stand out a lot more.
The bet on Nvidia has reached crazy levels. Here’s what comes next
Goldman Sachs believes a Goldilocks AI future is possible, with just enough cost savings to keep Nvidia surging without sacrificing too many jobs.
Australia’s great CEO reshuffle isn’t slowing down
A growing number of ASX 200 CEOs have headed for the exit in the past two years. Shareholder activism and greater public scrutiny may help explain why.
This Month
The RBA suddenly looks late on rates
The jump in the jobless rate appears to have all but locked in a rate cut in August, after the RBA shocked the market by holding last week.
‘Investors wake up!’: Bond king’s dire warning on Trump v Powell
Donald Trump has wrecked the Federal Reserve’s independence and shareholders are becoming aware. Turmoil in the debt market could create a shock for stocks.
Why there’s so much at stake for NAB and its CEO Andrew Irvine
Institutional investors are overweight NAB and nervous about what they’re seeing in four key areas: leadership, competition, asset quality and costs.
This market signal says ‘sell’. Fundies will ignore it
When fund manager cash levels reach such lows, it’s a reliable signal to sell. But one top market strategist thinks the bulls will hold on – for now.
Rio Tinto’s new CEO Simon Trott is about to put the miner on a diet
The view inside the boardroom is that the company has become too complex. Its new chief executive will be tasked with changing that.
RBA surcharge shock led this stock to plunge. The CEO says it’s fake news
Tyro Payments chief executive Jon Davey insists the RBA’s changes to outlaw pesky surcharges on debit and credit card payments won’t affect its business.
Bond markets are flashing red again. Your portfolio’s not ready
Governments can’t stop spending, deficits are rising and global bond investors are getting nervous. Eventually, that drama will flow into other financial markets.
The ASX is in a profit drought. These 21 stocks can help avoid it
Australia’s sharemarket is about to notch a third straight year of falling profits and 2026 doesn’t look much better. But investors can dodge the losses.
Plenty won’t like Matt Comyn’s big fix for Australia. That’s OK
The CBA chief executive may cop flak for putting some of the more controversial ideas on the table to solve the productivity crisis. But it’s worth the risk.
AI is giving private equity a new headache
The local boss of US private equity group Riverside Company says a kid can use AI to replicate a company’s software in hours. That’s a big new risk to price in.
Trump’s new tariff threats could leave markets with TACO indigestion
Markets will probably just ignore new tariffs threats against Canada, Mexico and the EU. But that means investors are giving Trump no reason to chicken out.
WFH Mondays and half-empty offices are OK for office investors
Blind Freddy can see there are fewer people in offices. But, how does work from home impact property demand? This economist has an interesting takeaway.
Forget crystal balls, the best guide for markets is the morning news
The sharpest investors, most seasoned economists, and titans of industries are all staring into a void. Predictability is a relic of a forgotten era.
Johns Lyng books a $1.3 billion trip to private equity repair shop
Mark the sale as one of the capital markets case studies of the year. Put simply, this business is worth more in private hands. Project Zac is a very 2025 story.
PE’s third act: Carlyle swallowing a Santos whale
Other than for deals expertise, is it helpful having private equity in Santos’ $36.4 billion bid? Australian oil and gas hasn’t been a happy hunting ground.
Mid-year muddle is turning investors into headless chooks
Today’s biggest winners are yesterday’s biggest losers. Don’t try to make sense of it.
Boom-er and bust: Lifestyle’s downsizer story undone by fee fight
This former ASX and affordable housing darling’s long-time fee structure is under fire. Watch out.