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World markets
ASX jumps on peace deal; Gold miners and travel stocks rally, oil stocks fall
The Australian sharemarket rallied after Donald Trump announced a peace deal that includes an immediate ceasefire “on all fronts” of the war in the Middle East.
- by Staff writers
Latest
Opinion
Middle East at war
Trump’s deal will show how pointless his war was
Oil might soon flow through the Strait of Hormuz, but the damage done by the US president’s war will linger for a very long time.
- by Stephen Bartholomeusz
Musk’s net worth is now 5 million times that of an average family
The tech mogul just became the world’s first trillionaire, signalling an eye-watering new era of ultra-affluence and widening wealth inequality.
- by Ryan Mac and Ben Casselman
Updated
Sharemarket
Elon Musk becomes world’s first trillionaire as SpaceX soars in Wall Street debut
Elon Musk is now worth more than the world’s next four richest people combined.
- by Bernard Condon
Updated
World markets
ASX rallies as traders bet on peace deal
The consumer cyclicals sector outperformed the bourse with a rally of more than 8 per cent over the five sessions.
- by Adrian Black
Updated
World markets
ASX falls as Iran tensions escalate; Energy stocks rise, Southern Cross slumps
The Australian sharemarket declined on Thursday as fresh US strikes on Iran cast doubt on the chances of a deal to reopen the Strait of Hormuz.
- by Staff writers
The $2.5 trillion space invasion coming to Wall Street
This week’s SpaceX float is set to be the biggest in history and make Elon Musk the world’s first trillionaire. Here’s what you need to know.
- by Chris Zappone
Updated
World markets
ASX finishes higher as retailers advance; Sigma slumps on Boots talks
The Australian sharemarket rose today as investors shrugged off the latest escalation in the Middle East and another tech sell-off on Wall Street.
- by Staff writers
Opinion
Inflation
Inflation is hair-raising for the beauty industry
Call it the coiffure index: As consumers feel the cost-of-living crunch, they’re indulging in an affordable treat. Salon-grade hair treatments used at home are emerging as a key part of the trend.
- by Andrea Felsted
Updated
World markets
ASX pares losses as banks recover, miners slide, oOh!media jumps on bid
The Australian sharemarket closed slightly lower, recovering from a sharp sell-off in early trade, amid easing tensions in the Middle East.
- by Staff writers
Opinion
Sharemarket
Trump will be furious but his man’s hands are tied
A surprising jump in the latest jobs figures is good news for America but it spells doom for one of the US president’s biggest wishes.
- by Stephen Bartholomeusz