It was a battle between stock pickers and cryptocurrency crusaders late last year with just one equity manager managing to beat the meme-coin mania to take the crown of Australia’s best-performing investment fund in 2024. For a second year running, funds exposed to cryptocurrencies were among the top-performing active strategies in… Read More »The Australian investors who hit the jackpot in 2024
The surge in bank shares – especially Commonwealth Bank and Westpac – took investors by surprise in 2024 given already lofty valuations, restrained lending growth and concerns around higher bad debts as borrowers struggled amid a cost-of-living crisis. Bank stocks, which were lumbered with sell ratings from brokers, became the… Read More »Will bank stocks continue to run hot this year?
Stocks climbed on Wednesday, with the S&P 500 hitting a fresh all-time high, as technology shares such as Oracle and Nvidia rallied on artificial intelligence optimism and President Donald Trump’s new term in office. The S&P 500 advanced 0.61% after hitting an intraday record of 6,100.81, exceeding the last milestone touched in December before the market… Read More »Stocks close higher, S&P 500 touches fresh record, bolstered by Trump optimism: Live updates
Greenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense. “We have reached the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter obtained by CNBC. “Other than trading and speculation, it serves no other obvious purpose… Read More »David Einhorn says we have reached the ‘Fartcoin’ stage of the market cycle
Santos has put plans for a $3.2 billion oil and gas project in Western Australia on ice as it works on increasing shareholder returns ahead of growth, sending the share price of its minority partner plunging. Carnarvon Petroleum shares fell as much as 27 per cent as the explorer said… Read More »Santos puts massive West Australian oil and gas project on ice
Income investors are banking on the strong start for the iron ore price in 2025 to bolster returns from the ASX’s mining giants amid an otherwise lacklustre outlook for shareholder payouts this year. While Aaron Binsted, portfolio manager of Lazard’s Australian equity income fund, is expecting “modest” dividend growth across… Read More »Investors bank on iron ore saving dividends in 2025
The Australian sharemarket is poised to rise, tracking gains for US equities as traders digested the impact of a flurry of measures President Donald Trump signed off on in his first day back in the White House. ASX futures rose 21 points or 0.3 per cent after 7am AEDT, extending… Read More »ASX to rise on US equities’ cautious advance
Stocks advanced on Tuesday as Wall Street viewed President Donald Trump’s comments and first-day actions around international trade as a bit softer than initially believed. The Dow Jones Industrial Average added 537.98 points, or 1.24%, to finish at 44,025.81. The S&P 500 gained 0.88% to end at 6,049.24, while the Nasdaq Composite rose 0.64% to 19,756.78.… Read More »Dow surges 500 points as Wall Street wagers that Trump’s approach on tariffs won’t be as harsh as feared: Live updates
Bitcoin spiked to a new all-time high early Monday but pulled back following the inauguration of President Donald Trump. The flagship cryptocurrency was last lower by more than 2% at $103,558.38, according to Coin Metrics, in what appeared to be a “buy the rumor sell the news” event. Overnight, it rose as… Read More »Bitcoin touches new all-time of $109,000, then reverses in volatile session on Trump inauguration day
Everyday mobile calls could soon be made over satellites – such as those launched into space by Elon Musk’s Starlink – within two years, transforming phone use and challenging major telecoms groups like Telstra and Optus. In November, US regulators gave approval for Mr Musk to provide text messaging, phone… Read More »Cheap satellite calls could soon be coming to a phone near you