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ASX set to rise as Wall Street rebounds but Netflix slumps on slower growth

ASX set to rise as Wall Street rebounds but Netflix slumps on slower growth

The ASX is set to push towards 7000 this morning as Wall Street rebounded.

  • by Damian Troise and Alex Veiga

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The only way is up: The iron ore price boom that refuses to die
Opinion
Iron ore

The only way is up: The iron ore price boom that refuses to die

Second-guessing the Chinese and the Brazilians is an occupational hazard for economists and commodity experts, who have been proven wrong again and again predicting an end to the price rally.

  • by Elizabeth Knight
As it happened: ASX trims losses to 0.3% after hitting two-week low

As it happened: ASX trims losses to 0.3% after hitting two-week low

The ASX 200 fell by as much as 1.6% and back below 7000 points before clawing back ground late in the session. The market finished 0.3% lower at 6997.4

  • by Lucy Battersby and Alex Druce
ASX set for sharp falls as Wall Street slide continues

ASX set for sharp falls as Wall Street slide continues

Wall Street gives up more of its recent gains as investors weighed the latest batch of company earnings reports for clues about the health of Corporate America.

  • by Damian Troise and Alex Veiga
Dogecoin has its day: The ‘joke’ cryptocurrency worth $60b

Dogecoin has its day: The ‘joke’ cryptocurrency worth $60b

It started as somewhat of a joke. But Dogecoin has been on a tear in 2021, with its price rising by 7000 per cent. Now there is a GameStop-like push on to send it higher.

  • by Stan Choe
As it happened: Worst session in three weeks as ASX slips 0.7%

As it happened: Worst session in three weeks as ASX slips 0.7%

The ASX 200 retreated from its 13-month peak on Tuesday with a 0.7% loss. The banks and healthcare shares weighed, while BHP and Rio Tinto also dropped.

  • by Lucy Battersby and Alex Druce
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‘Britcoin’ not bitcoin? UK considers new digital currency

‘Britcoin’ not bitcoin? UK considers new digital currency

British finance minister Rishi Sunak told the Bank of England to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin.

  • by Huw Jones and David Milliken
ASX set to fall as Wall Street slips from records; Tesla drops after fatal crash

ASX set to fall as Wall Street slips from records; Tesla drops after fatal crash

The major Wall Street indexes slid from record levels as investors awaited solid guidance from first-quarter earnings to justify the rich valuation equities are trading at, while Tesla shares fell following a fatal car crash.

  • by Herbert Lash and Medha Singh
As it happened: Miners, Sims help ASX creep higher again

As it happened: Miners, Sims help ASX creep higher again

The ASX200 edged marginally ahead on Monday to set a new 13-month high of 7065.6. The materials sector was strong but property, energy, and tech shares slipped.

  • by Alex Druce and Lucy Battersby
‘It was inevitable’: Bitcoin tumbles as Coinbase hangover rattles crypto assets

‘It was inevitable’: Bitcoin tumbles as Coinbase hangover rattles crypto assets

The mania that drove crypto assets to records as Coinbase Global went public last week turned on itself on the weekend, sending bitcoin tumbling the most since February.

  • by Shamim Adam and Emily Barrett
ASX set for gains as ‘everything rally’ reignites

ASX set for gains as ‘everything rally’ reignites

Not even a week’s worth of evidence that the US economy is roaring back from the pandemic has been able to derail the concerted rally sweeping stocks and bonds.

  • by Katie Greifeld and Vildana Hajric