Endeavour executive chairman Ari Mervis is undertaking a major review of the owner of Dan Murphy’s liquor stores and hundreds of pubs which could ultimately lead to the break-up of the hospitality company. Mervis joined the board last year, and took over executive duties a week ago following the departure of Steven… Read More »Endeavour’s Ari Mervis reviews BWS owner’s sprawling operations
Hostplus CIO Sam Sicilia is preparing for a sharp bounce in equity markets, while AustralianSuper’s Mark Delaney hasn’t touched his portfolio. Australia’s largest investors have resisted the temptation to flee into safer assets such as cash ahead of US President Donald Trump’s next round of tariffs and are instead getting… Read More »Super funds ‘stomach the volatility’ until equities rebound
The S&P 500 posted a slim gain on Tuesday as investors built on the previous session’s gains, which were largely sparked by hopes of U.S. tariffs being narrower in scope. The broad market index added 0.16% to close at 5,776.65, while the Nasdaq Composite gained 0.46% and ended at 18,271.86. The Dow Jones Industrial Average crept… Read More »S&P 500 ekes out a gain Tuesday to post third winning session: Live updates
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker popped nearly 12%, making it the top performer in the S&P 500. The megacap tech stock and retail investor favorite is coming off nine straight down weeks, its longest ever weekly decline. AZEK — The outdoor products… Read More »Stocks making the biggest moves midday: Tesla, AZEK, Visa, Boeing and more
While the ASX has followed Wall Street lower, there are important differences between the two markets that investors have been too ready to overlook. Everyone likes to be in with the cool crowd, so it’s no surprise that Goldman Sachs analysis found the number of ASX companies discussing artificial intelligence… Read More »Australian investors may have made a big mistake
The surprising resilience in iron ore prices despite an uncertain outlook for the key steelmaking ingredient has brokers at UBS reconsidering their outlook for Fortescue, one of the country’s largest producers. In a note to clients, the investment bank upgraded the Andrew Forrest-chaired company and removed a recommendation to sell… Read More »UBS says the market is too pessimistic about Fortescue after 11pc fall
Strategists at Morgan Stanley are warning there are a number of big risks to a market rebound after recession fears in the United States triggered a major slide in global shares, sending the ASX to the verge of a correction. The S&P/ASX 200 followed Wall Street lower over the last… Read More »These are the four big roadblocks to a proper ASX bounce back
Chances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the U.S. economy. The probability of a downturn in growth over the next 12 months is about 43%, as set by the average… Read More »The probability of a recession is approaching 50%, Deutsche markets survey finds
Every investor knows, or should, that the moment of maximum uncertainty is a time to buy. The only trick, then, is discerning when we’ve reached peak uncertainty. The stifling lack of clarity about the breadth or severity of the Trump administration’s promised “reciprocal” tariffs due on April 2 is the… Read More »It’s time to buy when markets reach ‘peak uncertainty.’ Are we there yet?
A rollcall of Australia’s biggest companies and government departments scrambled on Sunday to check the security of their technology systems, after a hacker claimed to have stolen important credentials by breaching cloud computing provider Oracle. Cyber professionals at companies including Australia’s biggest banks, Telstra, Optus, Qantas, Woolworths, Coles, the Australian… Read More »Hacker claims Oracle breach, sending business and agencies scrambling