markets

The materials sector (down 1.4 per cent) also weighed on the local bourse as gold miners dropped following a 0.7 per cent drop in the spot gold price overnight. Evolution Mining (down 4.4 per cent), Northern Star (down 3.8 per cent) and…

Wall Street's main indexes have risen over progress in negotiations on raising the US debt ceiling, with investors shrugging off data pointing to slightly hotter than expected inflation.After several rounds of talks, President Joe Biden…

Stocks were subdued on Friday, apart from standout gains in Japan, as an artificial intelligence rally took a breather and as time ticked out on high-stakes talks to avoid a US debt default.MSCI's broadest index of Asia-Pacific shares…

WASHINGTON (AP) — Shares of Nvidia, already one of the world’s most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence…

The tech-heavy Nasdaq has led Wall Street gains as Nvidia shares soared on a blowout forecast that also lifted other AI-related companies while investors watched for signs of progress in US debt ceiling talks.Shares of Nvidia Corp, the…

Asia-Pacific share indexes rallied on Thursday, following Wall Street's lead, and the US dollar held just below a two-month high versus the yen amid signs the United States might be close to a deal to raise the debt ceiling and avert a…

The debt negotiations are just one of the issues hanging over Wall Street. Worries are also high about a possible recession hitting later this year because of much higher interest rates meant to get painful inflation under control.One of…

US stock indexes have risen after Western Alliance led a bounce among regional banks amid cautious optimism about a potential breakthrough in the deadlock in Washington DC over the country's debt limit.Shares of US regional banks rose,…

Stock pickers in some of Asia’s key markets are being battered by a series of extreme weather events from heat waves to flooding, signaling the difficulties ahead as El Nino-related risks rise and climate change accelerates. In…

The local share market has erased its morning losses after weaker quarterly inflation data seemed to increase the odds of the Reserve Bank leaving interest rates unchanged next week.At noon AEST on Wednesday the benchmark S&P/ASX200…