They were two of the hottest trades of 2024 that were tipped to soar under a Donald Trump presidency. That optimism pushed bitcoin beyond $US100,000, and gold prices towards the historic $US3000 an ounce as investors scrambled to get exposure. But the market has been delivered a reality check this… Read More »Investors take profits on two of last year’s hottest trades
The S&P 500 eked out a gain on Wednesday, snapping a four-day run of losses. The broad market index advanced 0.01% to close at 5,956.06. The Dow Jones Industrial Average dropped 188.04 points, or 0.43%, to end at 43,433.12. The 30-stock average was earlier up as much as 245.34 points, or about 0.6%. Meanwhile,… Read More »S&P 500 ekes out gain on Wednesday, ending four-day run of losses: Live updates
Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without insurance coverage for the blockbuster injection, such as those with Medicare. It expands the company’s effort to boost the U.S.… Read More »Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
Telstra gets its balancing act right, Wesfarmers deregulates itself, Transurban goes for growth and Fortescue struggles to get its shiny new project up and running. The big result | There’s a little bit of Commonwealth Bank in the strategic shift announced by Telstra on Thursday, which will see the telco prioritise… Read More »What we learnt: Telstra’s mobile dominance is making investors say OMG
The relentless rise in equities to record highs this year from the US to Australia has triggered some technical indicators that suggest markets may be on the cusp of a major correction, brokers warn. Volatility in the sharemarket is already picking up in the US with the S&P 500 Index… Read More »Why alarm bells are ringing for the sharemarket
More companies left the ASX in the past two years than at any similar period since the recession of the early 1990s, according to an academic paper authored for the corporate regulator that concludes this exodus ultimately may not be for structural reasons but merely a cyclical trend. As part… Read More »The ASX really is shrinking but it’s not unprecedented, research finds
The S&P 500 fell for a fourth consecutive session on Tuesday as traders weighed concerns around economic growth and global trade. The broad market index slipped 0.47%, closing at 5,955.25. The Nasdaq Composite dropped 1.35% to end the day at 19,026.39. Nvidia’s 2.8% fall led the tech-heavy index’s decline, and the Nasdaq this week slipped… Read More »S&P 500 slides for a fourth day after consumer confidence data disappoints, Nasdaq drops 1%: Live updates
Legendary investor Warren Buffett is sitting on a record $334 billion in cash, but he hasn’t said why his cash position is so large. Hedge fund manager Steve Cohen recently said that the Trump administration’s tariffs and large-scale budget cuts by Elon Musk’s Department of Government Efficiency could be bad for the economy and stock… Read More »Ron Insana: Market risks are rising, and it might be time to sell the rallies
Even before Friday’s sell-off jolted the US sharemarket out of its calm, some traders were preparing for unrest. While the benchmark S&P 500 Index was hovering near an all-time high and the Cboe Volatility Index was well below its five-year average, under the surface a more sceptical picture was shaping… Read More »Traders are lining up hedges before pivotal Nvidia earnings
The big result | The $12 billion plumbing supplies giant Reece has long been beloved by analysts for its ability to churn out consistent revenue growth at strong margins in a mature, no-frills sector. But on Monday, the market turned against the group, with the stock plunging 13.5 per cent on… Read More »What we learnt: Behind the massive share price moves on manic Monday