Business
Markets
Updated
World markets
Debt ceiling deal passes lower house, boosting the ASX
The Australian sharemarket edged up on Thursday after US lawmakers approved a package to avert a debt ceiling crisis.
- by Millie Muroi
Latest
Updated
World markets
Inflation shock drives ASX to the lowest close in a month
Higher-than-expected inflation data sent the Australian sharemarket to its lowest point since March, with miners, energy companies and consumer stocks taking a hit.
- by Millie Muroi
Opinion
Government debt
‘Money illusion’: America’s Faustian Pact with runaway debt is coming due
The putative accord between the White House and Congress does not even try to address the larger threat to the world’s largest economy. Sacred entitlements remain untouchable.
- by Ambrose Evans-Pritchard
Updated
World markets
ASX lies low after quiet night in world markets
Energy and property stocks have put a damper on the Australian sharemarket after European markets slipped and Wall Street was closed for Memorial Day.
- by Millie Muroi
Updated
World markets
Miners drive ASX higher on back of US debt ceiling deal
Australian sharemarket closed higher on Monday with all sectors, except consumer discretionary and information technology, gaining ground.
- by Millie Muroi
Updated
World markets
ASX lifts on Wall Street AI frenzy; Russia sends oil lower
The Australian sharemarket edged up on Friday on the back of a tech-fuelled rally after the Russian deputy prime minister eased concern of OPEC+ production cuts.
- by Millie Muroi
Updated
World markets
Miners and banks lead ASX lower as global economic worries mount
The Australian sharemarket was dragged down by miners and banks on Thursday as stocks tumbled worldwide on worries about the global economy.
- by Millie Muroi
Opinion
Lithium
Once-in-a-generation opportunity for Australian resources is opening up
The compact agreed by Anthony Albanese and Joe Biden last week underscores the opportunity and potential risks created by America’s push to get less dependent on China for strategic resources.
- by Stephen Bartholomeusz
Updated
World markets
ASX slides despite Saudi oil boost
Miners and healthcare stocks led the Australian sharemarket down on Wednesday, even as oil producers gained.
- by Millie Muroi
Rough day at the office: World’s richest man loses $11.7m a minute in stock rout
Louis Vuitton billionaire Bernard Arnault had $16.9 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods.
- by Amanda Albright
How a fake AI photo of a Pentagon blast wiped billions off Wall Street
The falsified photo is possibly the first instance of an AI-generated image moving the market.
- by Davey Alba