Six of the 11 S&P 500 industry sectors closed lower, led by heavyweight tech stocks, which dropped 2.9 per cent.
Sinéad Carew and Johann M Cherian
Budding silver producer BMC Minerals has burst onto the Australian Securities Exchange carried by the tailwinds of all-time high precious metal prices that led to gains of 50¢ on its first trading day.
Simone Grogan
Gold prices and banking stocks have propelled the Australian sharemarket to surge 105 points, delivering its strongest weekly winning streak since August.
Cameron Micallef
The approval of Hanwha’s doubled stake in Austal is subject to ‘strict conditions’, including limits on access to sensitive intellectual property held by Austal and “stringent criteria” on any board nominee.
Sean Smith
European stocks are heading for a third weekly gain as a US rate cut boosted sentiment, while a tech sell-off has weighed on Wall Street futures.
Elizabeth Howcroft
The ASX has ended higher after fading for most of the week, as miners charged on the back of higher commodity prices and optimism rose about a US rate cut.
Adrian Black
The Shire of Denmark are hosting a summer celebration, combining the spirit of Christmas with Summer Solstice and the beginning of the Birak season on December 13.
Amy Towers
Treasurer Jim Chalmers has given approval for South Korean defence giant Hanwha to increase its ownership of WA-based shipbuilder Austal.
Andrew Greene and Sean Smith
The S&P 500 and the Dow closed at record highs, even as a sell-off for Oracle and worries about a potential AI bubble weighed on Wall Street.
Rising mining stocks powered the ASX’s performance on Thursday, despite the Australian sharemarket being unable to follow a strong lead-in from Wall Street.
Myer boss Olivia Wirth will wait and see how the rest of the Christmas trading period pans out but says it’s been ‘so far so good’ after the department store chain recorded its best Black Friday ever.
Cheyanne Enciso
Elon Musk has confirmed that SpaceX will start trading on Wall Street in 2026 amid speculation that the spacecraft company’s valuation could surpass all other members of the trillion-dollar tech club.
Tom Richardson
Asian and European shares have been left struggling after an Oracle miss reignited jitters over tech valuations, while the dollar fell after a Fed rate cut.
Marc Jones
A strong mining sector has offset losses in IT and healthcare stocks as investors reposition their portfolios for a shifting macroeconomic backdrop.
Predictive Discovery says the new deal with Canada’s Robex betters last week’s ‘superior’ offer by Perseus and was preferred by major institutional shareholders.
Sean Smith and Adrian Rauso
US stocks have closed higher off the back on an interest rate cut by the Federal Reserve.
The Aussie sharemarket dipped for the third consecutive day on Wednesday, as the world waits to see if the US Federal Reserve decides to cut interest rates.
NewsWire
Ramelius Resources has pulled the trigger on a share buyback program and doubled its minimum dividend as ASX-listed gold miners flush with cash look for ways to spend it beyond mergers and acquisitions.
Adrian Rauso
European stocks have dipped and US futures are flat as investors play wait-and-see before a US Fed meeting and results from AI bellwethers.
Amanda Cooper
The Australian bourse is in a holding pattern before a key US interest rate decision, while a rally in mining stocks has counterbalanced losses elsewhere.
US stocks have closed virtually unchanged as all eyes turn to the Federal Reserve and their much-anticipated interest rates decision.
The Australian sharemarket has plunged after the central bank chief delivered a shock warning to investors – leaving every sector in the red.
Bapcor shares have been hammered after the Autobarn owner issued its second profit downgrade in less than two months following ‘weaker trading performance in October and November’.
Global stocks and government bond markets have been fairly calm as investors stay cautious before central bank meetings, including at the US Fed.
Alun John and Ankur Banerjee
