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Volatility is king: Markets brace for more turbulence amid meltdown

Volatility is king: Markets brace for more turbulence amid meltdown

Global sharemarkets have been a sea of red as the era of cheap money comes to a screeching halt. And investors predict more uncertainty is on the horizon.

  • by Clancy Yeates

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Bitcoin ‘bank’ boss fighting for his reputation after triggering crash

Bitcoin ‘bank’ boss fighting for his reputation after triggering crash

Alex Mashinsky may be caught in the eye of a crypto meltdown, but it is not the first time he has endured tough times, or criticism.

  • by Ben Woods
ASX loses over $50bn in value as recession fears spook markets

ASX loses over $50bn in value as recession fears spook markets

The Australian sharemarket is on track to post its biggest weekly loss in two years following a wipeout on Wall Street, as worries about a fragile global economy roar back to the fore.

  • by Stan Choe and Lachlan Abbott
Wall Street’s implosion is terrible news for Biden - and it’s going to get worse

Wall Street’s implosion is terrible news for Biden - and it’s going to get worse

After months of dithering, Fed chair Jerome Powell appears ever more serious about reining in inflation. Joe Biden’s re-election hopes could be caught in the crossfire.

  • by Jeremy Warner
The Wrap: ASX extends slump as rates rally runs out of puff

The Wrap: ASX extends slump as rates rally runs out of puff

The Australian sharemarket finished slightly lower, despite making early gains following the Fed’s biggest hike to interest rates since 1994.

  • by Lachlan Abbott
‘Strong action was warranted’: Fed attacks inflation with largest rate hike since 1994

‘Strong action was warranted’: Fed attacks inflation with largest rate hike since 1994

The US Federal Reserve has raised its key interest rate by three-quarters of a point and signalled more large rate increases to come.

  • by Christopher Rugaber
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Hedge fund tweet points to more crypto pain

Hedge fund tweet points to more crypto pain

A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings, is raising more red flags for an already shaken industry.

  • by Muyao Shen
Richard Branson takes aim at crypto scams that use his name as lure

Richard Branson takes aim at crypto scams that use his name as lure

British billionaire Richard Branson hit out at cryptocurrency scammers and said he’s stepping up efforts to stop his name from being used to convince unsuspecting victims to sign up to fraudulent schemes.

  • by Christopher Jasper
The Wrap: ASX extends losses ahead of US interest rate decision

The Wrap: ASX extends losses ahead of US interest rate decision

The Australian sharemarket has fallen another 1.3 per cent with a looming US interest rate decision on the horizon.

  • by Colin Kruger and Lachlan Abbott
Aussie bitcoin mogul in talks with US prosecutors after co-accused plead guilty

Aussie bitcoin mogul in talks with US prosecutors after co-accused plead guilty

Gregory Dwyer, who was raised on Sydney’s north shore, is in talks with US prosecutors to try to resolve his criminal case after one of the co-accused crypto entrepreneurs was sentenced to six months’ home detention.

  • by Sarah Danckert
The threat of Europe breaking apart is rising as old ghosts emerge
Opinion
EU

The threat of Europe breaking apart is rising as old ghosts emerge

Remember Grexit and Quitaly? The prospect of Italy and Greece exiting the EU has returned as the European Central Bank ramps up the fight against inflation.

  • by Stephen Bartholomeusz