$22 trillion crisis averted in huge US move
US senators voted to suspend the federal debt limit, eliminating the threat of a disastrous credit default just four days ahead of the deadline.
World Markets
Why Australia is fighting Prosecco battle
The Trade Minister will urge the EU to allow Australian producers to use names like prosecco and feta.
‘Turd sandwich’: America on the brink
US leaders have embraced their panic stations ahead of a congress decision that could raise the nation’s debt limit to avoid a first-time default.
CEO’s awful decision before $1.4 trillion surge
Nvidia’s artificial intelligence boom shows no sign of slowing and the company’s share price is surging. But one investor sold up too quick.
Single image sparks $500 billion collapse
A purportedly AI-generated photo of a fake explosion at the Pentagon spread rapidly on social media on Monday – prompting mass confusion.
Bank shares plunge 50% after $150b wipe-out
A major US bank could be on the brink of collapse with its shares plunging 50 per cent, after customers yanked nearly $150 billion in deposits.
‘Sucks’: Fashion king relaxed on $500m loss
The founder of a cult global fashion brand says he’s ready to “roll the dice” again after losing a fortune on the stock market.
Global superpowers unite against US
Brazil and China have agreed to bypass the US dollar when paying for trade goods – here’s why it’s a massive deal.
Bank bloodbath gets messier as stocks plunge
The bank shares bloodbath has continued into the weekend, just days after three major banks collapsed in quick succession.
Crisis-hit bank takes desperate measure
Credit Suisse, already mired in a slew of scandals, has come under pressure this week as the failure of two US regional lenders has rocked the sector.
Credit Suisse on the brink
Shares in major investment bank Credit Suisse plunged by nearly 30 per cent overnight as the financial institution teeters on the brink.
ASX nosedive after US banks collapse
Australian markets took a nosedive on Tuesday, after multiple banks collapsed in the United States.
‘Extraordinary’ decision after bank collapse
The US government has taken an extraordinary step to protect confidence in the country’s financial system after the collapse of a major bank.
‘Unprecedented’: Tesla shares skyrocket
Shares in Telsa have skyrocketed, capping off stunning six-week rally which has seen the electric carmaker more than double in value since January.
Adani’s desperate move after $52b wipe-out
Multi-billion dollar mining conglomerate Adani Group has released a desperate 413-paged document as it scrambles to salvage its sinking share price.
Adani’s horror $50 billion bloodbath
Asia’s richest man has 50 billion problems that didn’t exist three days ago after a damning report allegedly aired all the company’s dirty laundry.
Single employee causes Wall Street crash
If you thought you were having a bad day in the office, spare a thought for this Wall Street worker who may have single-handedly brought down the US stock market.
Adani boss loses billions after bombshell
Adani – the company behind Australia’s most controversial mine – is facing a stock market bloodbath after it was accused of “brazen fraud”.
‘Stomach-turning’: Shares could plunge 50%
A leading investor is predicting major pain on Wall St in 2023, predicting the S&P 500 to fall by as much as 50 per cent this year.
China’s embarrassing backflip to Australia
China appears to be in the process of backflipping from a policy designed to bring Australia’s economy to its knees in an embarrassing concession.
Brutal day for Musk as Tesla crashes
Elon Musk’s hopes of leaving his financial woes behind him in 2022 have gone up in smoke as the Tesla share price continues to nosedive.
Grim warning about Chinese implosion
The global economy is about to take a nosedive in 2023 and the escalating situation in China is to blame, experts have warned.
$1.2 trillion wiped: Musk’s disastrous year
Elon Musk is no longer the world’s richest man after a catastrophic 365 days for the billionaire where he has just haemorraged money.
‘We’re f***ed’: Stock market crashes
Traders received an early lump of coal in their Christmas stocking as indices across the globe plunged overnight.
Dad loses $896k in ‘risk-free’ investment
The dad has essentially poured his life savings into a black hole with little chance of recovery after FTX’s dramatic implosion.
Brutal crypto call as meltdown accelerates
Former FTX CEO Sam Bankman-Fried has started a chain reaction in cryptocurrency exchanges, with many struggling to stay afloat.
Canva’s value soars after ‘brutal’ blow
The Australian tech unicorn has been caught up in a horror few months but now things look like they may have turned a corner.
President loses $101m in bitcoin gamble
The world leader sank $156 million of his personal fortune into bitcoin. Now it’s worth less than half that.
Aussie share market going ballistic
The Australian stock market surged by more than 2 per cent on Friday, following Wall Street’s lead after a drop in US inflation.
Musk’s nightmare result after $4b call
The world’s richest man has been forced to sell $4 billion of his Tesla shares to try and fund his Twitter deal. And it hasn’t gone well.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/16