Today
Microsoft jumps to three-month high after strong sales, cloud growth
Microsoft shares rose to a three-month high, topping analyst expectations, in contrast to a third-quarter earnings report from rival Alphabet.
- Dina Bass
Yesterday
ASX ends flat after hot CPI; economists up RBA rate rise bets
Australia’s September quarter CPI reading beats economists forecasts. Real estate stocks fall and iron ore miners rally. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Joanne Tran and Cecile Lefort
- Opinion
- Chanticleer
Magellan chairman’s brutal reset starts with CEO’s exit
Andrew Formica has ended the tenure of David George, as well as the latter’s ambition of getting the funds under management back to $100 billion.
- James Thomson
Magellan chairman drops $100b ambitions as CEO departs
Magellan’s Andrew Formica has ditched outgoing chief executive David George’s ambition to restore the manager to $100 billion as he searches for a new CEO.
- Jonathan Shapiro
‘Dumb Money’ is a miraculous one-off fairy tale
Australian director Craig Gillespie weaves a human-interest story out of a tangle of encounters that usually take place at one remove.
- John McDonald
When ETF ‘equal weight’ strategy goes off balance
The past five years have shown the simplest strategy of all – investing equal amounts in companies in an index – might not suit all markets.
- Jeremy Chunn
This Month
ASX rises; Lynas, Zip shares climb; Ansell drops
Shares finish higher as investors shrugged off wild movements in the bond market; Ansell says pandemic unwind still has a way to go; Bitcoin leaps through $US31,000. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach and Vesna Poljak
Pricing power delivers First Sentier growth fund Mercer prize
Australian equities geared fund ranked No.1 despite the worst performance over the past quarter among Mercer’s top 10.
- Updated
- Joshua Peach
MST Financial signs veteran banking analyst Brian Johnson
Long-serving banking analyst has resurfaced six months after he left US investment bank Jefferies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Opinion
Interest rate rises test markets, but remember it is a long game
Over the next 12 months at least, fixed income returns will likely match and possibly exceed those of equities.
- John Abernethy
- Opinion
- Opinion
The big spending that could keep the US out of recession
The doomsayers were wrong with dire predictions late last year – and they could be off the mark this time, too.
- James Weir
Morgan Stanley’s Wilson says profit estimates are too high
The odds of a year-end rally in US stocks are fading as investors face a multitude of risks, according to Morgan Stanley’s Michael Wilson.
- Sagarika Jaisinghani
Profit outlook brightens on gold’s $A record
The gold price’s record high in Australian dollars arrives as the currency falls to US63.2¢ and domestic producers eye higher profit margins.
- Updated
- Tom Richardson
ASX drops to one-year low as South32 disappoints
Shares tumble; Judo seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; bond yields at 12-year highs; Immutep with positive trial results; Propel Funerals rejects buy offers.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Vesna Poljak
- Exclusive
- Activist investing
Dan Loeb to headline Sohn Hearts & Minds
The famed hedge fund manager has built a reputation as a fierce shareholder activist and his brutal letters to management have become legendary on Wall Street.
- Jonathan Shapiro
- Opinion
- Opinion
Unloved healthcare stocks can reinvent themselves
Those betting on the demise of blue-chip healthcare stocks such as CSL and ResMed might want to rethink based on a review of Microsoft and Apple’s histories.
- Jun Bei Liu
- Opinion
- Governance
There’s good reason shareholders seem angrier this year
As boards come face-to-face with shareholders during AGM season, there’s a mix of old and new battles being fought.
- Jonathan Shapiro
Nvidia dip-buyers burned by US chip battle with China
What looked like a prescient bet in mid-September – the stock surged 14 per cent over 15 trading days – has turned sour.
- Carmen Reinicke
Shares post worst week in five, gold hits $3150 per ounce, oil gains
Bond yields surge as Biden calls for more war funding. Gold miners climb. BlueScope cuts guidance. Mota to leave Insignia Financial. Tesla, Arm Holdings sink. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Joanne Tran, Cecile Lefort and Joshua Peach
OpenAI is in talks to sell shares at $136b valuation
The artificial intelligence start-up behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, say sources.
- Gillian Tan
