Tesla sneezed and Pinnacle Investment Management caught a cold. In a microcosm of how a sea of red on Wall Street is hurting local investors, the slump in the Elon Musk-run electric carmaker’s share price is being mirrored in the returns of Pinnacle and its Hyperion Global Fund, which is… Read More »Wall Street tech rout echoes across the ASX, crushing returns
The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The tech-heavy benchmark added 1.22% and closed at 17,648.45, while the S&P 500 gained 0.49% to end at 5,599.30. The Dow Jones Industrial Average slipped 82.55 points, or 0.2%, to settle at… Read More »S&P 500 closes higher on soft inflation report, Nasdaq jumps 1% as traders snap up tech shares
U.S. Treasury yields rose on Tuesday as investors awaited the latest reading on the consumer price index report. The benchmark 10-year Treasury yield was nearly 7 basis points higher at 4.278%. The 2-year Treasury yield was last 4 basis points higher at 3.937%, after earlier in the day falling to its lowest level since October.… Read More »2-year Treasury note yield bounces from October low as investors await U.S. inflation report
In January as the global investment bank Goldman Sachs hosted their top clients in Davos, a consensus was reached. Donald Trump was about to enter the White House, setting the scene for the year of the business person. The trade of 2025 was simple: to go long the United States,… Read More »Why the ASX has avoided the worst of Wall Street’s sell-off
The Australian sharemarket is on the brink of a correction and investors are bracing for a long wait for calm to return to trading after US President Donald Trump’s aggressive policies unleashed panic, erasing billions of dollars from the ASX and Wall Street. A sharp sell-off extended into cryptocurrencies as… Read More »ASX heads towards correction as investors sell out of choppy waters
Investors have begun repositioning their portfolios towards safe assets like cash and bonds amid a market upheaval that has pushed the ASX towards correction territory and sent Wall Street tumbling this week. Figures compiled by Betashares, one of the country’s biggest providers of exchange-traded funds popular with retail investors, said a third… Read More »Australians pour money into cash and bonds as markets panic
With concerns running high that President Donald Trump’s tariff policies will aggravate inflation, a report Wednesday could deliver some mildly encouraging news. The consumer price index for February is forecast to show an increase of 0.3% for a broad array of goods and services across the largest economy in the… Read More »A big inflation report is on the way Wednesday. Here’s what to expect
A three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview. The S&P 500 shed 2.7%, touching its lowest level since September at one point and closing at… Read More »Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears erupt: Live updates
The right way forward is a proactive approach to genuine diversity that would rightly reject performative box-ticking. Company boards would be more diverse if appointments were guided by a “simplistic rule of thumb” rather than enforced by prescriptive box-ticking rules, according to former Telstra chairman and current chair of Qantas… Read More »Mullen is on the money on genuine board diversity
BlackRock, the world’s largest asset manager, has cut its exposure to the Australian sharemarket, the latest in a growing list of investment giants fleeing local stocks in favour of more attractive opportunities offshore. The firm, which manages more than $US11.6 trillion ($18.4 trillion) in funds, told advisors on Friday that… Read More »BlackRock cuts exposure to Australian shares citing their poor value