Wall Street

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Wall Street has made an unsteady start to the week.

ASX declines as Fortescue leads down miners; Coles shares jump

The Australian sharemarket had a soft start to trading following a drop on Wall Street overnight, but there were standouts.

  • Staff writers

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Jerome Powell in Jackson Hole, Wyoming for the Fed’s annual gathering of global central bankers.

Powell signals Fed may cut rates soon even as inflation risks remain

In a high-profile speech closely watched at the White House and on Wall Street, the Federal Reserve chair said that there are risks of both rising unemployment and stubbornly higher inflation.

  • Christopher Rugaber
Wall Street is on its way to more losses.

ASX takes a breather; Zip surges, Guzman y Gomez shares roasted

The Australian sharemarket finished the day in the red, as traders around the world await the crucial economic symposium at Jackson Hole. 

  • Staff reporter
The tech losses are piling up on Wall Street.

ASX cracks 9000-mark for first time; Brambles soars, James Hardie’s horror run continues

The Australian sharemarket rallied past the 9000-mark to an all-time high after a string of solid results buoyed investor demand on one of the busiest days of the reporting season.

  • Staff writers
Software giants Canva and Atlassian have minted a younger generation of entrepreneurs including Mike Cannon-Brookes, who are in lucrative targets for the wealth management giant.

Wall Street giant targets Australia’s richest families

Goldman Sachs is looking to take advantage of a boom in self-made multimillionaires and family wealth looking for global investments.

  • Richard Henderson
Wall Street took a step back overnight, with AI darlings slumping.

ASX finishes higher as banks, retailers rise; James Hardie shares plummet

The Australian sharemarket has finished the session in the green as investors digested a flurry of company earnings announcements.

  • Staff reporter
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Wall Street has made a steady start to the week.

ASX falls as CSL shares plummet; BHP, banks advance

The Australian sharemarket closed lower as investors sold off shares in the nation’s biggest healthcare business. Energy stocks also struggled.

  • Staff reporter
Weight-loss jabs such as Ozempic have soared in popularity.

Ozempic maker cuts price of wonder drug in half in US

Novo Nordisk is slashing the cost of Ozempic for cash-paying patients after the diabetes shot became the poster child for high US drug prices.

  • Madison Muller
Wall Street closed the week with losses.

ASX hits record high; BlueScope slumps; Kaili Resources soars 2900%

The Australian sharemarket hit another record on Monday, buoyed by banks and communications stocks, as investors digested a raft of corporate results.

  • Staff reporter
A majority of Wall Street stocks retreated but tech shares propped up the index.

Fresh ASX record high approaches 9000 milestone; Ampol surges on $1.1b deal; Baby Bunting soars

The sharemarket has capped off a stellar five-day run, carried by energy, banking, and mining giants on Friday.

  • Staff reporter