Today
Apple to reach $US4 trillion value in 2024: Wedbush
Dan Ives calls the dispute involving the tech giant’s watches, which has dented the stock’s rise this week, a “headache issue” that will be resolved soon.
- Timothy Moore
Tesla is getting trounced by S&P 500 three years after joining
The EV car maker’s shares have risen about 11 per cent since entering the benchmark US index, which itself has surged 28 per cent over the same time.
- Esha Dey
Yesterday
FedEx profit falls below expectations on drop in air and truck cargo
FedEx said that this year’s peak holiday volume was similar to last year’s and expects share buybacks of $US1 billion in the last two quarters.
- Thomas Black
- Opinion
- Chanticleer
Rally has more room to run as investors get three green lights
The market has built a head of steam in the last two months, and until there’s a clear risk to the Goldilocks soft landing scenario there is little reason for the bulls to turn.
- James Thomson
The hedge fund traders dominating a huge bet on bonds
A trio of top players in the “basis trade” are the driving force behind a gigantic wager on government debt that has regulators worried.
- Nishant Kumar, Donal Griffin and William Shaw
Global fund mangers extend their equity bets
Fund managers are the most overweight equities relative to cash since January 2022, according to Bank of America’s latest survey of their holdings.
- Timothy Moore
This Month
Fed’s pivot forces sharemarket sceptics to become believers
Rate cut talk from the Federal Reserve last week has forced even the most steadfast Wall Street bears into changing their tune on US equities.
- Alexandra Semenova
Zoom dropped from Nasdaq in sign pandemic-era darling trade is over
Shares in the video-conferencing company have underperformed every major equity benchmark in 2023, rising just 5.7 per cent.
- Emily Graffeo and Brody Ford
Fed officials add to chorus pushing back against rate-cut bets
Chicago Fed president Austan Goolsbee said he was surprised by the outsize market reaction to the Fed’s updated quarterly economic projections last week.
- Catarina Saraiva
- Opinion
- Opinion
The Fed runs a fool’s errand on bank capital rules
Finding a risk model that captures potential embezzlement, consumer abuse and money laundering losses is no easy task.
- Marc Rubinstein
- Opinion
- Chanticleer
Why it might be time to strap in for a wild end to 2023 on markets
Shares have rallied hard in the past six weeks, but more big moves in the dog days of December aren’t out of the question.
- James Thomson
ASX to drop 1pc as US rate cut optimism cools
ASX futures indicated shares are poised to drop 1 per cent, or 74 points, at the return of trade on Monday.
- Joanne Tran
Wall Street’s rally cools as rate cut hopes reined in
Stocks wavered after two US Federal Reserve officials suggested rate cuts would be slower and later than had been speculated.
- Updated
- Cristin Flanagan
- Opinion
- Chanticleer
What really matters for investors now Fed rate cuts are a certainty
After the US central bank signalled rates will fall, Wall Street is at or close to record highs – it’s as if the many increases never happened. But what comes next?
- James Thomson
Bill Ackman, Harvard, and the limits of money-driven power
The billionaire Wall Street fund manager thought his donations would give him clout at the university. He was wrong.
- Maureen Farrell and Rob Copeland
Goldman’s $152m man to step down – and it’s not David Solomon
Ed Emerson, the head of the investment bank’s commodities business, was paid $US100 million over the past three years, over $30 million more than the CEO over the same period.
- Updated
- Sridhar Natarajan
Big tech’s ability to deliver on AI looms over sharemarket
The Magnificent Seven have driven about three quarters of the S&P 500’s gain this year, in a rally that has been stoked by the market’s obsession with artificial intelligence.
- Jeran Wittenstein and Ryan Vlastelica
Wall Street will smash through 5200 points in 2024: Oppenheimer
Investors who stick with 2023’s winners will enjoy another year of strong gains, according to one of Wall Street’s biggest bulls.
- Michael Msika
- Opinion
- Chanticleer
Five ways a soft landing could become a hard landing
The momentum in markets right now is strong, but investors are highly leveraged to a Goldilocks outcome of falling interest rates and a gently softening economy. But what if consensus is wrong?
- James Thomson
Bond traders to face a reality check with jobs report
Employment and wage growth are expected to have moderated last month; a miss could trigger a market reversal.
- Michael Mackenzie and Rich Miller
