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Sam Altman.

Wall Street needs to prepare for an AI winter

Technology companies are struggling to conjure the great leaps in capability that had been expected, and more meaningful revenue may not come until 2026.

  • Dave Lee

This Month

The rebound in local shares lost steam on Tuesday.

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
Wall Street had a thin trading session ahead of Christmas.

ASX to edge higher as US big tech rallies

Wall Street slid briefly before recovering after data showed US consumer confidence unexpectedly sank for the first time in three months.

  • Updated
  • Rita Nazareth
The ASX is rallying on Monday as bargain hunters step in.

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

Settlement outage puts ASX in the crosshairs – again

Regulators will review a high-profile failure in the exchange’s settlement systems that hindered millions of trades last week.

  • Lucas Baird
Advertisement
Donald Trump’s election win was good for Y’ALL.

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.

  • Updated
  • Saijel Kishan and Jeff Green
It was Donald Trump’s victory in November that truly turbocharged the market, sparking a record-breaking rally.

The 11 wild trades of 2024: Booms, busts and a 2900pc windfall

As the trading year draws to a close, here are the biggest ups and downs, as told by reporters from all corners of world markets.

  • Bloomberg News

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.

  • Updated
  • Christopher Joye
The best and worst ASX stocks of 2024

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 funds have focused on companies that have climate emission abatement policies.

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
Australians’ retirement savings are on track for a stellar 2024.

Super savings on track for 11pc return in 2024

A US sharemarket rally fuelled by Donald Trump’s clean election sweep is fuelling a strong end to 2024 for superannuation funds.

  • Hannah Wootton
Sezzle chief executive Charlie Youakim.

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
K2 Asset Management’s David Poppenbeek.

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”.

  • Updated
  • Joanne Tran
Australian shares have a chance to end the calendar year with a 10 per cent advance, though there’s still some work to do.

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.

  • Updated
  • Timothy Moore and Nicola Blackburn
The ASX has surpassed even the most bullish forecasts this year.

The 10 biggest surprises to wrong-foot investors this year

No rate cuts, surging bank valuations and resilient iron ore prices are some of the calls that the market and experts were incorrect on over the last 12 months.

  • Updated
  • Alex Gluyas
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ASX slips ahead of Fed meeting; ASIC sues Binance, Insignia falls

Sharemarket flat ahead of Fed meeting. ASIC sues Binance; DigiCo and HMC Capital have rebounded; Insignia drops after rejecting Bain bid. Follow updates here.

  • Timothy Moore and Nicola Blackburn
Fund managers said their allocation to US equities surged 24 percentage points month-over-month to a net 36 per cent overweight, the highest on record.

Global fund managers are ‘super bullish’ on US equities

“Long magnificent seven”, which is long-term investment in US mega-cap tech stocks, has held the top spot for the most crowded trade for 21 consecutive months.

  • Timothy Moore
Local shares are set to open higher.

ASX snaps five-day losing streak as banks climb; Data3 dives10pc

Shares advance on Commonwealth Bank rise. Rio Tinto and BHP to build ‘green’ plant. Another Star Entertainment departure. Oil slips and gold holds steady. Follow updates here.

  • Updated
  • Timothy Moore, Joanne Tran, Nicola Blackburn, Cecile Lefort, Joshua Peach and Alex Gluyas
Bedazzled. The certainty of Wall Street has spilt over into the popular media, which often picks up on market trends only when they are well established and near an end.

How ‘the mother of all bubbles’ will pop

All the classic signs of extreme prices, valuations and sentiment suggest the end is near. It is time to bet against “American exceptionalism”.

  • Ruchir Sharma
Sweden is coming around to the idea of nuclear energy.

Uranium investor hopes dashed as UBS cuts outlook

The broker has cut its forecast for the controversial energy source over the next two years

  • Updated
  • Joanne Tran

Original URL: https://www.afr.com/topic/sharemarket-61t