World markets
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
Latest
Updated
Wall Street
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
Opinion
Biden's White House
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
Updated
Wall Street
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
Updated
Wall Street
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
Explainer
Inflation
What’s stagflation, and what would it mean for you?
Big in the ’70s and ’80s, talk of stagflation has reared its head again. What is it, and are we heading for a new era of it?
- by Clancy Yeates
Opinion
Bitcoin
The crypto crash is a wake-up call for the deluded
Cryptocurrency was meant to replace our giant financial institutions. But if a couple of companies have the power to crash the entire market, it doesn’t look so safe after all.
- by James Titcomb
‘Worse than Lehman’: Wall Street’s rout triggers some GFC memories
It was just one of those days with losses so gigantic that solely looking at stocks wasn’t enough.
- by Ye Xie, Isabelle Lee, Amelia Pollard and Peyton Forte
Updated
Wall Street
Bloodbath: ASX enters correction with over $80bn wiped off sharemarket
The Australian sharemarket plunged more than 5 per cent at the open, marking its worst day since March 2020, when COVID-19 rattled investors.
- by Colin Kruger
Wall Street hit with a brutal reality check as inflation woes worsen
 Wall Street’s shuddering realisation that inflation got worse last month, not better as hoped, sent markets reeling further.
- by Stan Choe and Damian Troise
Updated
Wall Street
The Wrap: ASX posts worst weekly decline since April 2020
The ASX200 dropped below 7,000 points for the first in four weeks - down 1.25 per cent to 6,932 - ensuring the market had its biggest weekly decline for the year.
- by Colin Kruger