breaking business news
- Finance
Boombs, busts and investor psychology – why be aware of the psychology of investing
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the psychology of investing. Key points Investment…
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Chinese economy takes another turn for the worse
Confirmation that for all his blustering over Taiwan, Covid, corruption and a new way of living, China’s President Xi Jinping…
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Confidence turnaround a tricky one for RBA
The Reserve Bank won’t like reading that the National Australia Bank’s latest survey for July showed a strengthening in business…
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CBA earnings hit 4-year high on improved loan book
Commonwealth Bank of Australia (ASX:CBA) posted its highest annual cash earnings in four years, partly thanks to a now faded…
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All wheat and no chaff for GrainCorp
Shares in GrainCorp (ASX:GNC) jumped yesterday after the company again upgraded earnings guidance for its year to September 2022 results.…
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India’s Big Bull billionaire Rakesh Jhunjhunwala dies aged 62
Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died on 14 August in Mumbai…
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DWS boss Stefan Hoops hits back at ‘critical reporting’ on asset manager
The new chief executive of DWS has taken to social media to defend the asset manager over what he claims…
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Mirvac looking to build on decent year
Securities in property manager and investment group Mirvac (ASX:MGR) jumped nearly 4% on Thursday after it revealed a better-than-expected net…
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Positioning for a hard landing
By Cameron McCormack Historic levels of inflation and aggressive rate hikes by central banks are shrinking investor confidence in a…
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ASX weaker in morning trading, returning some of yesterday’s gains
At noon, the S&P/ASX 200 is 0.42 per cent or 29.50 points lower at 7041.50. The SPI futures are…
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Record result for BlueScope but future murky
While BlueScope Steel (ASX:BSL) has met guidance with a record result for the year to June of $2.81 billion, investors…
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New US legislation a game-changer for renewables
Those chasing rewards from renewables such as lithium aren’t quite sure what to make of the latest US legislation called…
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An A-Z of sustainability terms for investors
By Schroders Sustainability, once a fringe consideration, has become core for many investors. Impacts on the planet – such as…
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Commodities Corner: Rust never sleeps
With the notable exception of iron ore, commodities had a solid end to a positive week as market fears eased…
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Workers Vote to Unionize at a Second Trader Joe’s
Workers at a Trader Joe’s in Minneapolis voted on Friday to unionize, adding a second unionized store to the more…
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Regulators could order hedge funds to disclose crypto exposure
The collapse in cryptocurrency prices this year has left US regulators scrambling to understand the risks that digital asset markets could pose…
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Freshfields hires former Ropes & Gray, Goldman Sachs finance lawyer as partner
Freshfields Bruckhaus Deringer has hired leveraged finance lawyer Carol Van der Vorst as a partner in its private equity team…
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Wholesale inflation fell 0.5% in July, in another sign that price increases are slowing
Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the…
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Why workplace ‘banter’ is bad news for financial services
Samar Yanni is the Chartered Institute for Securities & Investment’s assistant director and head of membership and professional standards. Stella…
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SoftBank set for $34bn gains by reducing Alibaba stake
SoftBank said 10 August that it planned to reduce its stake in Chinese e-commerce company Alibaba as part of a settlement of financial…
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Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a…
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Johnny Depp’s law firm Brown Rudnick has big plans in London
The live-streamed US libel trial of actor Johnny Depp against his ex-wife Amber Heard dominated the internet for just over a month.…
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Truss argues for powers to overrule City regulators
Liz Truss is ready to give politicians the power to veto decisions made by regulators if she becomes Prime Minister, as…
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Coinbase loses $1.1bn in Q2 as crypto meltdown takes toll
Coinbase reported a surprisingly large second consecutive quarter of losses, driven by the crypto market’s spring meltdown. Coinbase lost $1.1bn, or $4.98…
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Chipotle Agrees to Pay Over $20 Million to Settle New York City Workplace Case
New York City said Tuesday that it had reached a settlement worth more than $20 million with the fast-food chain…
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Juniors shun banking for work-life balance: ‘We don’t have to hang out in the office until 2am’
Investment banks that have typically relied on a stream of junior lawyers, consultants and Big Four accountants to replenish their…
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HBOS, Fidelity, Jupiter top £10.7bn ‘dog funds’ list
Investments managed by HBOS, Fidelity and Jupiter have been branded some of the worst-performing in the UK, with billions of pounds languishing…
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Robinhood, Coinbase and Gemini: The crypto winter has cost more than 3,700 jobs — here’s who’s cutting
Crypto firms are still reeling from a brutal market crash during the second quarter, sparked by the implosion of stablecoin…
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Thoma Bravo plans London office launch
Private equity giant Thoma Bravo is set to take its first London office as it eyes more deals in Europe.…
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Carlyle board met CEO’s early contract proposal with silence
As Kewsong Lee’s five-year contract was drawing to a close, advisers to Carlyle Group’s chief executive worked with representatives of the buyout…
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Revolut unleashes fresh crypto push despite sector turmoil
Revolut has announced a fresh push into crypto, with 22 new tokens available to buy and sell on its app,…
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Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees…
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Bain mulls legal challenge to UK ban on government contracts
Management consultancy Bain is considering a legal challenge to the UK government’s three-year ban on the firm preventing it from…
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Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the…
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The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 —…
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Food prices fell sharply in July — but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March…
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The jobs report suggests President Biden is right about a recession.
The strong jobs report was welcome news for President Biden, who has insisted in recent weeks that the United States…
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Carried Interest Is Back in the Headlines. Why It’s Not Going Away.
For years, Democrats and even some Republicans such as former President Donald J. Trump have called for closing the so-called…
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Here’s where the jobs are for July 2022 — in one chart
Zoom In IconArrows pointing outwards Bureau of Labor Statistics The U.S. economy added many more jobs than expected last month,…
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Why our loonie is lagging during the oil boom
Breadcrumb Trail Links News FP Economy Watch the Financial Post’s Stephanie Hughes on why the loonie has been languishing despite…
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The Carried Interest Loophole Survives Another Political Battle
“Carried interest has become the MacGuffin of the I.R.A. saga,” said James Lucier, an analyst at Capital Alpha Partners, a…
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Danger ahead: The U.S. economy has yet to face its biggest recession challenge
A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier…
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From Ukraine to crypto: Celsius CEO Alex Mashinsky’s rocky journey
For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance…
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Democrats Eye a Major Shift in How Corporations Are Taxed
WASHINGTON — At the center of the new climate and tax package that Democrats appear to be on the verge…
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New climate bill readies $370bn road to renewable energy
The climate and tax package passed by the Senate on 7 August will unlock some $370bn in funding for clean energy and…
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Cash withdrawals in the UK soar as Brits grapple with the rising cost of living
Post Office has attributed the record amount for personal cash withdrawals at its 11,500 branches to more staycations in the…
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