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The Australian sharemarket has surged in its first session of the week, drawing strong momentum from US markets and bringing the index within 40 points of the record closing high achieved last month. At 11:45am, the S&P/ASX 200 is 0.32 per cent higher at 8,240.90. The SPI futures are pointing to a gain of 23

Deflation deepened across the Chinese economy in September, highlighting a problem that the government has so far refused to tackle with its tentative stimulus measures. China’s consumer inflation rate fell, while producer price deflation again deepened, as revealed by the National Bureau of Statistics on Sunday. The consumer price index (CPI) rose 0.4% from a

The ASX is set for a solid opening on Monday morning following a 46-point gain in share price index futures trading on Friday night. However, this gain may be tempered by the unknown reaction to yet another lackluster stimulus announcement from the Chinese government on Saturday. This announcement marked the third stimulus in three weeks,

The S&P 500 and Dow Jones surged to new highs on Friday, concluding a successful week as major banks kicked off the third-quarter earnings season on a positive note. The broad index rose by 0.61 per cent, finishing at 5,815.03, while the Dow jumped 409.74 points, or 0.97 per cent, closing at 42,863.86. Both indices

Eighteen months after the regional banking crisis—which many analysts claimed foreshadowed larger issues for the country’s banks and the economy—America’s banks appear to be in robust health, based on the first round of September quarter earnings reports from major players like JPMorgan Chase and Wells Fargo. Capital levels are strong, lending is solid, trading income

For the second time in a week, China has left investors questioning what the term “stimulus” really means. On Saturday, China’s finance ministry unveiled a fiscal stimulus package filled with vague ideas aimed at reviving the stagnating economy, yet again failing to disclose the size, scope, and timing of the new measures. Five days earlier,

Another stunning “triumph” from Elon Musk as his highly hyped robotaxi product launch failed to impress investors—many of whom had believed he would achieve a marketing coup at Thursday night’s event. Instead, it was more of the same from Musk, according to reports from the Hollywood launch: long on hype, short on details. The Financial

America’s 2024 hurricane loss bill looks like being boosted towards more than US$150 billion by Milton’s destructive path through central Florida and potential return to the north-east of the US. But the damages bill for consumers, businesses and governments at all levels will be much higher because home and property owners in the affected areas

The country’s biggest investor, Australian Super, has ignored all the poor publicity around supermarket giant Woolworths (ASX:WOW) and its claimed price-gouging activities. It has spent close to half a billion dollars since late March boosting its already major position in the company’s share register. It’s a move that ignores all the criticism from politicians on