Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
Wall Street struggled to gain traction as traders gearing up for key economic data and awaited Facebook parent Meta’s result,which sent the stock tanking in after-hours trading.
Andreas Bechtolsheim,the first investor in Google,has an estimated $25 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $US415,726.
The Australian sharemarket forfeited all of its gains on Wednesday as the latest inflation figures dampened expectations of interest rate cuts.
The former US president’s sizable stake in his social media company is set to jump even more as he’s rewarded with additional shares in its parent company. But he can’t sell any of them for months.
The Australian sharemarket extended its gains on Tuesday after US stocks rebounded from last week’s sell-off,as worries over a wider Middle East conflict eased.
Last week’s halving of the supply of new bitcoins and the consequential halving of revenue to the cryptocurrency’s miners raises big questions for its future.
Joe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
The key question for investors is whether this is just a correction in what has been quite an ebullient market – or something more threatening.
Australian stocks staged a major turnaround on Monday after a torrid fortnight of trading,despite a negative lead from Wall Street.
Market watchers expect further pain as tensions between Iran and Israel mount and quarterly domestic inflation figures are released this week.