Yesterday
‘Stealth sackings’ are the new workplace trend
As companies try to rein in costs and restrict initiatives that do not help profits, workers are wary of being quietly laid off for seemingly minor violations.
- Anjli Raval
This Month
Peter Lee reveals the most loved analysts and traders of the year
The 2024 broker review is the result of interviews with more than 100 of Australia’s largest institutional equity investors.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Supermarkets
Red flag over Choice’s taxpayer-funded grocery price watch
The consumer advocacy group has overstated the difference in prices between the big supermarkets and discount store Aldi, a Wall Street investment bank says.
- Carrie LaFrenz
A hedge fund manager’s four tips for avoiding death by shorting
“Stocks that are 80 or 90 per cent down, they can get just a little bit of good news and then double,” Plato’s David Allen warns hedge fund hopefuls.
- Joshua Peach
October
Sale docs out for Dexus’ stake in Melbourne, Launceston airports
Melbourne airport revenue grew 17 per cent to $1.2 billion in the 2024 financial year, while EBITDA rose 21 per cent to $82.1 million, according to the teaser.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Franklin Templeton hit by record outflows as clients ditch troubled Western unit
The group, which manages $2.6 trillion in assets, announced in August that the CIO of its largest subsidiary had been put on leave amid a probe by the SEC.
- Madison Darbyshire
BRICS alliance takes on global payments system
The group of developing nations is attempting to challenge the SWIFT international payments messaging system by setting up its own sanctions-proof one.
- Jessica Sier
- Analysis
- Mergers & acquisitions
Can BlackRock land HPS, the whale of private credit?
Scott Kapnick is closing in on a transformational transaction for the private credit firm he founded less than two decades ago.
- Eric Platt
Westpac splits from ABA; Attempted kidnapping; Next battle for offices
Read everything that’s happened in the news so far today.
- Updated
- US Votes 2024
Why Jamie Dimon is secretly backing Harris for president
The JPMorgan boss is concerned about Donald Trump’s retribution, but he would consider taking a role in Kamala Harris’ administration if she wins the election.
- Updated
- Rob Copeland
North Queensland Airports owners launch $3b auction; 100pc for sale
It is the first 100 per cent sale of a privately held airport asset with more than 1 million passengers in the past 15 years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Reducing investment banker burnout is proving unrealistic
Moves to cap weekly hours for entry-level bankers butt against the reality of a competitive industry.
- Joshua Franklin, Suzi Ring and Ortenca Aliaj
JPMorgan posts surprise net interest income gain
Revenue from the bank’s Wall Street operations also defied analysts’ estimates, with investment-banking fees surging 31 per cent.
- Hannah Levitt
HSBC targets senior bankers in cost-cutting plan
New bank chief Georges Elhedery is working on restructuring that could save as much as $446 million.
- Ortenca Aliaj and Kaye Wiggins
- Opinion
- Chanticleer
Dimon and Dalio look past rates to a ‘ticking time bomb’
While everyone is predicting rate cuts, Jamie Dimon and Ray Dalio remain worried that rates will need to go up and one big inflationary force keeps building.
- Updated
- James Thomson
Jamie Dimon urges private sector cabinet for US election winner
Unlike many other billionaires, the JPMorgan CEO has refused to endorse either Donald Trump or Kamala Harris in one of the closest elections in living memory.
- Updated
- Matthew Cranston
September
- Opinion
- Aviation
The fury of the frequent flyer
Airline loyalty programs have tested customer patience and now face government probes. They won’t be nearly as lucrative in the future if customers end up loathing the associated airlines.
- Brooke Masters
China slowdown spurs urgent calls for stimulus
Home prices fell at the fastest pace since 2014, reflecting weak confidence that’s weighing on demand and threatening to draw China into a deflationary spiral.
- Jing Li
JPMorgan to cap junior bankers’ working day – at 13 hours
The move comes as Wall Street banks look to allay concerns that they have fostered a culture of overworking.
- James Warrington
National Storage REIT in $300m convertibles deal; taps three banks
National Storage REIT is tapping the market after at a flurry of convertibles deals – and associated delta placements – from Australian issuers.
- Sarah Thompson, Kanika Sood and Emma Rapaport