The gas industry fears Labor’s deferral of a decision on extending the North West Shelf gas plant until after the federal election could have a chilling effect on key approvals for other major projects, including Santos’ $5.8 billion Barossa venture. Adding to the concerns was the possibility the election due… Read More »Santos Barossa delay feared as politics envelops gas
As if the revolution in private markets wasn’t enough, welcome to the world of the “private-public” stock market. For a little under $8000 a trade, investors can buy and sell some of the world’s hottest unlisted private companies, such as SpaceX, OpenAI and even Melbourne’s own Airwallex, on US-based trading platforms… Read More »You can already buy shares in unlisted Airwallex. Is Canva next?
Australian shares are set to open lower as President Donald Trump’s erratic trade policy continues to cloud the economic outlook. ASX 200 futures were pointing down 8 points, or by 0.1 per cent, predicting the bourse would open just ahead of the 8000 mark. That’s after shares traded in a… Read More »ASX to open lower, Wall St churns; gold surges to fresh record
Stocks fell on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 155.09 points, or 0.37%, to end at 42,299.70. The S&P 500 declined 0.33% to close at 5,693.31, and the Nasdaq Composite slid 0.53% to settle at 17,804.03.… Read More »Dow posts back-to-back losses Thursday as Trump’s auto tariffs weigh on stocks: Live updates
“I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people,” Trump said in an interview.“I know there are some exceptions, and it’s an ongoing discussion, but not too many, not too many exceptions,” the president added. President Donald Trump said that tariffs will… Read More »Trump says tariffs coming in April will ‘probably be more lenient than reciprocal’
Australian shares are set to open lower as renewed angst about US President Donald Trump’s trade policies reversed a rebound in US mega-cap technology shares in New York. ASX 200 futures were 37 points, or 0.5 per cent lower, predicting the local bourse would snap a five-day winning streak. That’s… Read More »ASX to fall; Dollarama snaps up The Reject Shop for $259m
Financial markets have dialled back expectations of rate cuts by the Reserve Bank after Tuesday’s budget showed a return of deficits for years to come. Traders imply rate cuts totalling 65 basis points over the next 12 months, down from 68 basis points before the budget. They still ascribe a… Read More »Traders temper bets on RBA rate cuts after pre-election budget
AustralianSuper has sold its entire $580 million stake in WiseTech Global and accused the logistics software giant run by billionaire Richard White of failing to meet its expectations of proper corporate governance. White returned as WiseTech’s executive chairman last month despite a board-commissioned review that found he misled the company… Read More »AustralianSuper sells $580m stake in WiseTech, takes swipe at board
Stocks dipped on Wednesday, led lower by tech, as pressure on the tariff front mounted. The S&P 500lost 1.12% and ended at 5,712.20, while the Dow Jones Industrial Averagefell 132.71 points, or 0.31%, to close at 42,454.79. The tech-heavy Nasdaq Compositeshed 2.04% and closed at 17,899.01, as Nvidiashares dropped nearly… Read More »Dow closes more than 100 points lower, S&P 500 drops 1% as traders brace for new auto tariffs: Live updates
After a volatile month for the stock market, many retirees are eager to find ways to protect their nest egg from future dips. Despite the stock market rally on Monday, there’s lingering uncertainty as investors digest tariffs and other economic policy from President Donald Trump. There was little market change… Read More »How the bucketing strategy protects retiree portfolios during a market downturn, experts say