Business
Markets
Updated
World markets
ASX set to fall sharply as Wall Street rally dissolves
Wall Street closes sharply lower as an early rally disappears, setting up the Australian sharemarket to fall at the open.
- by Damian Troise
Latest
Billionaire investor says historic sharemarket crash is ‘nearly certain’
Jeremy Grantham, who predicted the tech bubble and financial crisis, said the historic collapse in stocks he predicted a year ago is underway
- by Erik Schatzker
Updated
World markets
ASX set to edge higher after choppy Wall Street session
Wall Street finished in the red after an up-and-down session, but the ASX is set for a positive open.
- by Damian Troise
Wall Street traders place fresh bets on a post-Covid world
Evidence is piling up that traders are betting the coronavirus’s grip on the global economy is loosening for good - even as the spreading omicron variant creates more uncertainty.
- by Denitsa Tsekova
Opinion
Electric cars
The electric car bubble will burst - and that’s a good thing
The two things we know for sure about the market for electric vehicles is that it is booming, and also that it is getting very, very crowded. In truth, it is about to turn into a bloodbath.
- by Matthew Lynn
Updated
World markets
ASX set for sharp falls as Wall Street dives
Wall Street loses ground amid renewed jitters that the Federal Reserve will lift interest rates to tackle rising inflation.
- by Damian Troise and Alex Veiga
Investors burst Redbubble shares after trading update
Online marketplace Redbubble’s share price was hammered during Tuesday’s session after it released a trading update that disappointed investors, making it the worst performer on the sharemarket for the day.
- by Jessica Yun
Bitcoin investors dig in for long haul in ‘staggering’ shift
As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip.
- by Medha Singh and Lisa Pauline Mattackal
ASX set to open higher; European shares gain
European shares closed higher with healthcare stocks lifted by M&A activity while Wall Street was closed for a public holiday.
- by Sruthi Shankar and Ambar Warrick
Opinion
Global economy
A fiscal and liquidity cliff is looming as policymakers slam on the brakes
If the Fed and its peers misread the outlook for inflation they could do real damage to economies, businesses and individuals.
- by Stephen Bartholomeusz
Biden’s new Wall Street watchdog could shake up industry
Sarah Bloom Raskin’s nomination as the Federal Reserve’s vice chair for supervision puts a final – and decidedly progressive –stamp on the Biden administration’s Wall Street oversight team.
- by Robert Schmidt and Jesse Hamilton