World markets
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- Wall Street
ASX set to slide as Wall Street wavers
Stocks wavered in afternoon trading on Wall Street, after a big jump last week on hopes for interest rate cuts from the Federal Reserve.
- Damian Troise and Alex Veiga
Latest
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- Markets Live
ASX edges higher as US rate-cut hopes lift investor spirits
The Australian sharemarket is slightly stronger after Wall Street rallied on the back of a highly anticipated speech by US Federal Reserve chair Jerome Powell.
- Staff reporter
The mysterious man behind OnlyFans gets $1.1 billion windfall
Leonid Radvinsky bought a majority stake in OnlyFans in 2018. The investment continues to pay off ahead of a potential sale of the adult-content social network.
- Olivia Solon
Fed may cut interest rates soon, Powell signals
The Federal Reserve chair opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move.
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
- Opinion
- Russia-Ukraine war
Trump is losing his grip as Europe loads up
While Donald Trump still commands the daily news cycle, he no longer commands the West nor the fate of Ukraine as Europe builds up its military capabilities.
- Ambrose Evans-Pritchard
- Updated
- Wall Street
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
- Updated
- 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
- Updated
- Wall Street
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
- Updated
- Wall Street
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