News

Australia's share market has logged its worst session in 10 months, after US tech worries and aftershocks from the precious metals sell-off hammered risk sentiment.

Wall Street ended sharply lower on Thursday, with the Nasdaq dragged to its ‍lowest since November by losses in Microsoft, Amazon and other tech heavyweights after Alphabet said it could double capital spending on AI in the race to dominate the ​emerging technology.

CGT discount may hit 3.8pc

Australia's share market has traded lower, with miners and energy stocks tumbling as commodity price volatility continues.

More drops for technology stocks weighed on Wall Street Wednesday.

RBA ‘skirted fiscal reason for rate rise'

Australia's share market has shrugged off a morning slump to charge higher by the close, buoyed by strength in large cap miners, banks and energy stocks.

The US stock market sank in mixed trading on Tuesday, while gold and silver bounced higher after their latest sell-off.

Rate up in weak economy

Resurgent performances from miners and banks have lifted the Australian bourse higher, but a monetary policy pivot could pave a bumpy road ahead for investors.

US stocks rose on Monday following sharp swings that shook financial markets overnight, including tumbles for Asian stocks. Gold and silver prices sank further following their latest wild moves.

Big business urges $50b spending cut

Australia's share market has been dragged lower as an exodus from precious metals weighed on heavyweight raw materials stocks.

US stock indexes have closed lower as investors viewed President Donald Trump's nomination of former Federal Reserve Governor Kevin ‍Warsh as a hawkish choice to succeed Federal Reserve Chair Jerome Powell, while also digesting earnings reports and a high inflation reading.

Secret probe of homes agency raised red flags

Australia's share market has handed back an early gain to slip lower, with miners plunging after carrying the bourse for most of the week.

A day of dramatic swings on Wall Street, including Microsoft's worst drop in years and a sudden reversal for the price of gold, finished with only relatively modest moves on Thursday.

Push to cap miners' fuel tax credits

Australia's share market has traded lower for a second straight session, but pared early losses as major miners BHP and Rio Tinto swung positive by the close.

Few ripples washed through Wall Street Wednesday after the Federal Reserve decided to hold its main interest rate steady, just like investors expected.

Not our fault: Treasurer

Australian shares have snapped a three-session winning streak after hotter-than-expected inflation numbers ratcheted up bets on an incoming interest rate hike.

Wall Street ticked to a record on Tuesday, as stocks zigzagged following mixed profit reports from UnitedHealth, General Motors and other big companies.

$57b hole opens up in budget

The Australian share market has rallied to a three-month high after its holiday break, led by the iron ore giants even as gold and silver soared further into uncharted territory.

Artificial intelligence-powered scams featuring fake celebrities are just the tip of the iceberg when it comes to AI risks facing consumers, ASIC warns.

US stock indexes ticked higher Monday, while other markets made louder moves, including another record-breaking rush for the price of gold.

Australia Day protests around the nation have been marred by a bomb threat, assaults and hateful language, with two men arrested over separate incidents in Perth and Sydney.

Power hungry AI sector threatens net zero: OECD

Australia's share market has ended the week lower as easing geopolitical worries could not counterbalance sluggish interest rate-sensitive stocks after local economic data pointed to incoming rate hikes.

Wall Street's main indexes finished higher on Thursday, the ‍second straight day of gains, as investors bought shares after US President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience.

Jump in jobs lifts odds of rate increase