Tesla shares jumped to an all-time high on Wednesday, surpassing their prior record reached in 2021, sparked by a post-election rally and Wall Street’s increased enthusiasm for Elon Musk’s electric vehicle company. The stock rose to a closing high of $424.77, which is about $15 above its previous peak of $409.97 on Nov.… Read More »Tesla shares close at record high, boosted by 69% pop since Trump election victory
The Australian sharemarket is set to open higher after US inflation data all but cemented a rate cut by the US Federal Reserve next week. ASX futures are up 41 points, or 0.5 per cent, near 7.45am and the Australian dollar took another beating overnight, dropping to a one-year low at US63.70¢.… Read More »ASX to rise, Orora sells unit for $1.7b
Australia is sleepwalking to stagnant living standards unless we adopt an agenda that restrains government and allows the private sector to flourish, writes John Kehoe. As Australia grapples with a stagnant private sector, sticky inflation and declining living standards, it is obvious the economic model of the past 15 years… Read More »Australia needs a dose of Javier Milei’s Argentine capitalism
Apple has the slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump’s second term in the White House. None of that is holding back the stock. The shares are up almost 10 per cent in the past month, making Apple one of the… Read More »Why Apple’s rally is a ‘head-scratcher’ for investors
The Nasdaq Composite surged Wednesday after November’s inflation report met economists’ projections, clearing the way for the Federal Reserve to cut interest rates again at its December meeting next week. The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained… Read More »Nasdaq surges for first close above 20,000, lifted by Alphabet shares: Live updates
A key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won’t lower interest rates next week. The consumer price index, a broad measure of goods and services costs across the U.S. economy,… Read More »The CPI report Wednesday is expected to show that progress on inflation has hit a wall
The cost of Santos’ proposed Papua LNG venture blew out by 50 per cent to $US18 billion before it was paused earlier this year to rework the design, according to Papua New Guinea Prime Minister James Marape, who wants to see construction start by the end of 2025. Mr Marape… Read More »PNG PM’s big hopes for delayed LNG project
Australian shares are poised to open lower, reflecting weakness in New York as investors await key US inflation data, which could disrupt expectations of a quarter point rate cut from the Federal Reserve next week. ASX futures are down 27 points, or 0.3 per cent, near 8.30am. Overnight, the Australian… Read More »ASX to slip, ASIC sues collapsed Rex for lack of disclosure
Bond traders have aggressively ramped up bets for back-to-back rate cuts early next year after the Reserve Bank of Australia said it was gaining some confidence that inflation was moving sustainably towards its target. At its last board meeting of the year on Tuesday, the central bank as widely expected… Read More »Bond traders eye back-to-back rate cuts
Stocks fell on Tuesday as traders digested a year-end rally to record levels. They also awaited new U.S. inflation data set for release this week. The S&P 500lost 0.3% to end at 6,034.91, and the Nasdaq Compositedropped 0.25% to 19,687.24. Both indexes booked back-to-back losses. The Dow Jones Industrial Averagedeclined… Read More »Dow falls more than 150 points to notch four losing days as year-end rally takes a breather: Live updates