Finance

Finance · 6 days ago

Spending Cuts: A Price‑Cutter or a Pandora’s Box?

Vera Chen, Sydney desk

A new fiscal tightening may curb inflation, but market watchers warn it could backfire, with the Reserve Bank and government sharing blame.

Finance · 6 days ago

AI Panic Wipes Out Three Months of Optimism in One Afternoon of Selling

Noor Hale, World desk

Global markets plunged as AI-related stocks fell sharply, erasing recent gains and dragging the ASX and NZX lower after a record day.

Finance · 6 days ago

SpaceX Shares Plunge as Data‑Centre Scrutiny Sends Shockwaves Through Tech and AI Stocks

Iris Quay, London desk

SpaceX stock fell sharply as investors reacted to talk of tighter scrutiny on data‑centre construction and the AI sector, dragging down tech and AI shares after the US mid‑term elections.

Finance · 6 days ago

BT slashes almost 8,000 jobs but shares hit five‑year high

Iris Quay, London desk

BT announced it will cut almost 8,000 roles as part of a sweeping cost‑saving programme. The telecoms group still posted a £1.1 bn pre‑tax profit for the six months to September, sending its shares to a five‑yea…

Finance · 6 days ago

Faisal Islam: One More Rate Hike, Then It’s Over

Iris Quay, London desk

Faisal Islam says the Bank of England will likely raise rates one last time before settling into a new equilibrium.

Finance · 6 days ago

White House delays Fed governor hearing, touts robust robust robust robust schedule

Helen Pell, Washington desk

The administration pushed back the hearing for Fed Governor Lisa D. Cook after her lawyers flagged scheduling issues, while officials peppered the briefing with the word “robust” four times.

Finance · 6 days ago

Sterling Hits Brexit‑High as BoE Gears Up for Rate Rise, Gilts Yield Drops 4bps

Iris Quay, London desk

The pound has risen to its strongest level since the 2016 Brexit referendum as the Bank of England prepares to raise interest rates today, the first hike in over three years. At the same time, UK 10‑year gilt prices ha…

Finance · 6 days ago

RBA Deputy Governor Warns Trust in Central Bank Is Under Strain

Vera Chen, Sydney desk

The Reserve Bank of Australia’s deputy governor cautioned that confidence in the institution is waning at a time when it is most needed, highlighting the fragility of market sentiment.

Finance · 6 days ago

Myer Shares Surge as David Jones Collapse Hands a Billionaire a Winning Hand

Vera Chen, Sydney desk

The collapse of department store David Jones sent investors flocking to rival Myer, boosting its share price and giving an unnamed billionaire a tidy windfall.