Finance

Finance · 4 hrs ago

ASX Takes a Dip While Wall Street Soars on AI Surge; Anthropic IPO Oversubscribed

Vera Chen, Sydney desk

The Australian Securities Exchange was set to fall as AI‑driven shares lifted the US market higher. Anthropic’s initial public offering was oversubscribed, underscoring strong investor appetite for artificial‑intel…

Finance · 21 hrs ago

Rio2’s Peruvian copper muscle drives $50M EBITDA bonanza as Chilean gold warms up

Vera Chen, Sydney desk

TSX‑listed Rio2 Ltd. posted $115 million in revenue and $50 million in EBITDA, powered by a strong Peruvian copper mine and a Chilean gold operation that’s ramping up after weather setbacks.

Finance · 1 day ago

Gold Miners Lead ASX Slide After US Inflation Surprise

Vera Chen, Sydney desk

US inflation came in hotter than expected, sending Wall Street lower and pulling the Australian market down, with gold miners heading the decline.

Finance · 1 day ago

CBA Says Economy Is Resilient Even as Late Mortgage Payments Hop Like a Kangaroo

Vera Chen, Sydney desk

The Commonwealth Bank of Australia notes a rise in late mortgage payments, blaming inflation and higher interest rates, but maintains that the broader economy remains resilient.

Finance · 1 day ago

Backyard Dream Deferred: Buyers Trade Lawn for Rooftop as Rates Rattle the Housing Market

Vera Chen, Sydney desk

Rising interest rates are reshaping Australian property demand, pushing buyers toward smaller units with balcony views, as unit prices now outpace larger houses in most capital cities.

Finance · 1 day ago

ASX 200 hits August high as miners lead the climb

Vera Chen, Sydney desk

The ASX 200 index rose 1.1% to reach its highest point in over two months, driven primarily by gains in heavyweight mining stocks.

Finance · 2 days ago

Nvidia Shares Plunge After Opening Probe into ‘Foreign Intelligence’ Targeting CEO Jensen Huang

Vera Chen, Sydney desk

Nvidia’s share price fell sharply after the company announced an internal investigation into reports that foreign intelligence had targeted its chief executive, Jensen Huang.

Finance · 2 days ago

Wall Street rally fuels ASX jump as Nvidia stumbles in Chinese spy saga and oil slips

Vera Chen, Sydney desk

The Australian share market is set to rise on the back of a U.S. rally, even as Nvidia’s shares fall amid a Chinese espionage probe and oil prices dip, leaving investors both hopeful and cautious.

Finance · 3 days ago

Wall Street’s $4.7 Trillion Meltdown Sends ‘Blue Tsunami’ Shockwaves, Finds a Silver Lining

Vera Chen, Sydney desk

A sudden $4.7 trillion loss on Wall Street was described as a “blue tsunami” that rattled markets, but analysts note a potential silver lining for investors seeking bargains.