Today
Guzman y Gomez in ‘striking distance’ of joining ASX 200
The Mexican fast-food chain has a good shot at joining the major benchmark next month, potentially attracting millions of dollars of new investment.
- 29 mins ago
- Sarah Jones
JB Hi-Fi rallies; CFMEU jail warning; A luxury home agent speaks
Read everything that’s happened in the news so far today.
- Live
- Markets Live
Consumer stocks push ASX up; Beach slumps 11pc
Shares advance; JB Hi-Fi flags special dividend; Aurizon announces $150 million buyback; Beach Energy plunges into loss; CAR Group revenue jumps. Follow here for more.
- Timothy Moore, Joanne Tran, Cecile Lefort, Alex Gluyas and Sarah Jones
Why this fundie is betting big on Macquarie Group
K2’s George Boubouras is not worried about the recent market turmoil or the US economy, instead he’s betting on mid-caps and Australia’s biggest investment bank.
- Cecile Lefort
Yesterday
ASX to rise as earning season sheds light on health of economy
Traders will also look at unemployment figures to be released this week as an indicator of whether the Reserve Bank is preparing to cut – or raise – rates.
- Cecile Lefort
- Opinion
- Sharemarket
Time to panic or the correction we had to have?
Investors’ hope for a Goldilocks scenario all came unstuck last week. But rather than succumb to hysteria, it’s better to recalibrate risk appetite.
- Stephen Miller
This Month
Wall Street edges higher as July’s CPI report awaited
US shares posted modest gains in choppy trading. Larry Summers called for a regulator review of Monday’s VIX spike. Bitcoin hovers near $US60,000.
- Updated
- Timothy Moore
Market mayhem | PwC tax saga | Stutch’s biggest stories
On a special episode James and Anthony trawl through the greatest hits of the Financial Review’s outgoing editor-in-chief Michael Stutchbury, and look at the sell-off that had global markets in turmoil.
It’s been a brutal week on the sharemarket. Now come the aftershocks
Strategists have warned that Friday’s relief rally could be short-lived, despite better-than-expected jobs data in the US soothing some economic anxieties.
- Alex Gluyas
ASX rallies, but drops 2pc on the week
Shares rally; Whitehaven Coal given legal nod for Narrabri; NewsCorp to sell Foxtel; QBE posts $1.2b profit; Life360 ups guidance; Nick Scali profit slides. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran and Alex Gluyas
Why this week’s market drama may be only halfway done
A week of immense panic on global markets has ended with an uneasy calm and big questions about what comes next.
- James Thomson
- Opinion
- Chanticleer
Macquarie’s Viktor Shvets’ lesson from ‘mini heart attack’ on markets
Was the market rout – and rebound – a sign of how fragile markets are, or proof they are actually less risky? Viktor Shvets’ answer might surprise you.
- Updated
- James Thomson
Foxtel for sale; Viktor Shvets’ market lesson; Sydney home eyes record
Read everything that’s happened in the news so far today.
ASX to rise, Wall St rallies as recession fears fade
Australian shares are set to open 1.1pc higher. US jobless claims data eases outlook worries. Gold above $US2400/oz. Oil eyes $US80/bbl. Bitcoin reaches for $US60,000.
- Updated
- Timothy Moore
L1 Capital shorts CBA as cracks emerge
The hedge fund has become the latest to take the so-called “widow-maker” trade against Australia’s largest bank.
- Updated
- Joshua Peach
Here’s how this climate fund smashed the market
Munro Partners portfolio manager James Tsinidis talks about the power crunch in the US, how Nvidia can double its earnings and names a small cap that he thinks is too cheap.
- Joanne Tran
Brokers reveal ‘bargain’ stock picks after ASX meltdown
Analysts are hunting among the rubble of this week’s sharemarket crash, which they say has created an opportunity to snap up some growth and cyclical stocks at bargain prices.
- Alex Gluyas
ASX falls as miners weigh; AMP shares soar 13pc
Shares lower at the closing bell; AMP’s profit rises; former Qantas boss Alan Joyce to lose more than $9 million in bonuses; Myer warns on profit; iron ore falls below $US100. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort and Alex Gluyas
ASX to slip, Wall St’s rally falters as volatility persists
Australian shares are set to edge down. US stocks reversed early gains as crosscurrents continue and volatility persists. Bullock speech at midday.
- Updated
- Timothy Moore
- Opinion
- Insolvency
‘Safe harbour’ talk sends Mosaic Brands into rougher seas
The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements.
- Jemima Whyte
