This Month
New hires love Jefferies’ cash bonuses. Just don’t try to leave
Unlike other investment banks, the fast-growing New York firm offers upfront payment instead of deferred stock. It seems to be working, as headcount grows.
- Jemima Whyte and Sarah Thompson
- Opinion
- Managed funds
Is anyone brave or stupid enough to bet against America?
Stock pickers have been punished for betting against the US. The choice between consensus or contrarianism on American exceptionalism is now harder than ever.
- Jonathan Shapiro
US October retail sales affirm strength of economy
Rate cut bets were pared after a better-than-expected 0.4 per cent rise in retail sales last month and an upwardly revised 0.8 per cent rise in September.
- Lucia Mutikani
Fed still on track to cut rates in December: CPI view
The three-month annualised rate of consumer prices increased by almost 0.5 percentage point to 3.6pc in October. Economists say the pace won’t derail another rate cut.
- Timothy Moore
- Opinion
- Chanticleer
The day tough-talking investors flipped on a dime
Many fund managers changed their tune dramatically last week. This survey captured it.
- Anthony Macdonald
- Opinion
- Chanticleer
Bonds haven’t flashed this warning sign at stocks for two decades
The risk compensation for sharemarket investors is looking narrow, as stocks and bond yields push higher following Trump’s big win. Beware the signs of froth.
- James Thomson
- 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
Trump win unlikely to spur US oil, gas production
Despite the president-elect’s promises, production is unlikely to surge as Wall Street demands returns over growth.
- Myles McCormick and Jamie Smyth
ASX to open lower as Beijing stimulus plans fail to excite investors
Optimism that China’s economic package would bolster demand for Australia’s commodities had boosted shares of mining giants BHP and Rio Tinto last week.
- Cecile Lefort
- Analysis
- US Votes 2024
Powell signals power struggle with Trump on Fed independence
The Federal Reserve chairman says he will not stand down if asked to do so by Donald Trump, who had appointed him to the role during his first presidency.
- Updated
- Catarina Saraiva
Fundie says this Corona brewer is primed to beat the market
Talaria Capital portfolio manager Hugh Selby-Smith is not phased by market volatility following the US election and says one Brazilian brewer is undervalued.
- Joanne Tran
- Opinion
- Chanticleer
Fuel on the fire: Wall Street star Brian Friedman on the Trump trade
The Jefferies president arrived in Sydney as his company’s shares were closing 11.2 per cent higher. He can thank Donald Trump for the boost.
- Anthony Macdonald
- Opinion
- Chanticleer
‘Make volatility great again’: Four reasons markets rallied on Trump
Wall Street’s impressive immediate reaction to Donald Trump’s win speaks to the market’s hopes that tax cuts, more deals and deregulation are on the way.
- James Thomson
- Opinion
- Chanticleer
We just got an early warning Trump could threaten the bull market
As Donald Trump claims victory, markets are signalling that his administration could unleash a wave of inflationary pressures. Can stocks keep defying rising bond yields?
- James Thomson
October
US share rally sputters as banks and bitcoin take a hit
A rally in stocks faded as banks dragged down the broader market despite gains in tech shares.
- Rita Nazareth
Wall Street bulls unfazed after fast run-up in yields
A sell-off in Treasuries pushed US 10-year yields to the highest since July, revving up anxiety across Wall Street. Yet there was little evidence of panic.
- Denitsa Tsekova and Isabelle Lee
- 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
- Opinion
- Opinion
Don’t count on a post-election sharemarket rally just yet
Goldman Sachs says the S&P 500 could climb another 7 per cent by end of the year if history is any guide. But there are reasons to be a touch more cautious.
- Jonathan Levin
- Opinion
- Chanticleer
Bank of America CEO Brian Moynihan is calling a new markets era
While rate predictions are cheap, Bank of America boss Brian Moynihan is worth paying attention to. He talks us through the cycle.
- Anthony Macdonald
ASX drops 1pc; Bad news for your super; The cost of being Young Rich
Read everything that’s happened in the news so far today.