Latest
Iron ore faces ‘riot point’; Airliner crashes; Bushfire threat rises
Read everything that’s happened in the news so far today.
Iron ore faces ‘riot point’ in 2025 as Rio Tinto floods the market
The mining giant’s Simandou project will bring a fresh wave of supply late next year, further exacerbating growing stockpiles of the steel-making ingredient at Chinese ports.
- Alex Gluyas
ASX extends rebound ahead of Christmas
The sharemarket added 19.3 points in a shortened trading session, buoyed by a rally on Wall Street and hopes of a rate cut in early 2025.
- Updated
- Alex Gluyas
IMF warns Australia; Rich Lister charged; Families sell $180m hotel
Read everything that’s happened in the news so far today.
ASX records best session in six months, as bank, property stocks rally
Bargain hunters piled into the Australian sharemarket after two days of heavy selling, pushing the ASX 200 up 1.7 per cent and sending the banking and property sectors higher.
- Updated
- Sarah Jones
ASX rebounds; News Corp sells Foxtel; Packer’s $400m Toorak project
Read everything that’s happened in the news so far today.
Opinion & Analysis
The Fed’s humiliating reversal is toxic for stocks
The US central bank’s belated acknowledgement of re-accelerating inflation and the risks flowing from Donald Trump’s policies could trigger a sustained market downturn.
Columnist
Macquarie’s Viktor Shvets nailed 2024. Here’s what he thinks will come next
No economic cycles? No mean reversion? Macquarie’s top global strategist’s radical view of markets challenges investors to consider how the world has changed.
Columnist
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
Columnist
The Fed just killed the Santa rally
Jerome Powell gave investors a rate cut. But what sent Wall Street plunging was his message for 2025.
Columnist
Companies in the News
ASX Limited
Westpac Banking Corporation
Macquarie Group
Updated: Dec 24, 2024 – 2.25pm. Data is 20 mins delayed.
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Meet the Fundie
CBA, the next 10-bagger, founder woes: The best of Monday Fundie 2024
The fund manager profiles that resonated the most with readers this year were rich in speculative stock tips, but it’s the deep insights that have made this column a hit.
- Jonathan Shapiro
How Milford trebled its money on this ASX tech darling
Fund manager Roland Houghton talks Life360, painful trades, and what he’s expecting for the year ahead.
- Updated
- Cecile Lefort
This market guru learnt from Buffett and Soros. These are his big bets
Kiril Sokoloff has been calling market turning points for half a century. While he’s looking for his next big prediction, here are three of his current picks.
- Jonathan Shapiro
This Month
This pro-Trump ETF just smashed its rivals
An exchange-traded fund created for “flag-waving conservatives” beat its political competitors this year and the benchmark S&P 500.
- Saijel Kishan and Jeff Green
- Opinion
- Inflation
The Fed’s humiliating reversal is toxic for stocks
The US central bank’s belated acknowledgement of re-accelerating inflation and the risks flowing from Donald Trump’s policies could trigger a sustained market downturn.
- Christopher Joye
The stocks that did the most damage in 2024 – and the ones that ruled
One fintech darling has more than tripled in the past 12 months, but the same can’t be said for lithium stocks on the front line of the EV slowdown.
- Joshua Peach and Joanne Tran
ESG investing on shaky footing as green fatigue sweeps ETF market
Once attracting almost 20 per cent of inflows into exchange-traded funds, climate and social-focused strategies collected 3 per cent of new money this year.
- Alex Gluyas and Joanne Tran
- Opinion
- Chanticleer
Macquarie’s Viktor Shvets nailed 2024. Here’s what he thinks will come next
No economic cycles? No mean reversion? Macquarie’s top global strategist’s radical view of markets challenges investors to consider how the world has changed.
- James Thomson
ASX falls 1pc; More Liberal chaos; Good, bad, ugly of corporate Oz
Read everything that’s happened in the news so far today.
- Opinion
- Governance
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
- James Thomson
ASX tumbles to three-month low; ASX CHESS outage
Australian shares close at a three-month low. ASX outage hits trading. CBA down 3pc. Profit-taking knocks Mesoblast. Wesfarmers sells Coregas. Follow updates here.
- Nicola Blackburn
ASX to drop as Wall Street’s Santa rally falters
Australian shares are poised to fall as markets parse the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year.
- Natasha Rudra
Shares, dollar slammed after Fed walks back rate cut plans
The Australian dollar tumbled to a two-year low and investors sold off stocks after US policymakers predicted just two rate cuts in 2025 – fewer than the market hoped for.
- Cecile Lefort
Traders dial up bets for February RBA rate cut
Money markets are slowly dialling up expectations for an early cut from the Reserve Bank in 2025. It’s a different story for New Zealand, which is now in a recession.
- Cecile Lefort and Sarah Jones
Short seller accuses Sezzle of ‘sketchy’ practices, low-quality loans
The buy now, pay later group delisted from the ASX earlier this year and has described the allegations as “misleading and out of context”.
- Joanne Tran
Fundie says this ASX non-bank lender is ripe for a rally
K2 Asset Management’s chief investment officer, David Poppenbeek, says small caps are in a “generational sweet spot”.
- Joanne Tran
ASX plummets to six-week low in broad sell-off
Shares hit six-week low; Mesoblast up 50pc on breakthrough; BoJ holds on rate hike. Pay rejection for ANZ and Elders; AGL cops a fine. Follow updates here.
- Timothy Moore and Nicola Blackburn
ASX dives 2pc; Shayne Elliott’s $3m bonus hit; JobKeeper ‘saved jobs’
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
The Fed just killed the Santa rally
Jerome Powell gave investors a rate cut. But what sent Wall Street plunging was his message for 2025.
- James Thomson
Rear Window’s year in review: scoops, scandals, and power plays
This week on The Fin podcast, Rear Window editor Myriam Robin on the megalomaniac trying to solve Australia’s housing crisis, the column’s scoop of the year and the Clubland rebellion.
ASX to drop, $A plunges as Fed signals rate pause near
US stocks tumbled, extending losses to more than 1 per cent, after policymakers significantly pared their rate cut projections.
- Timothy Moore
- Opinion
- China
There is a better way to make billions from China
The sheer scale and prominence of China in the global supply chain means economic dynamics there can affect investments that don’t have direct exposure.
- Shuli Ren
Chalmers’ low iron ore forecasts open door for more spending
The government’s mid-year budget continues to price in iron ore at $US60 next year, offering scope for revenue upgrades and even more government spending.
- Alex Gluyas