Why did the stock market crash today

By business reporters Rhiana Whitson, Michael Janda and wires

Australian shares close sharply lower, after the US Federal Reserve delivers another 0.75-of-a-percentage-point rise and gives no indication of when they will stop, sending Wall Street tumbling.

Updated Thu 3 NovThursday 3 NovemberThu 3 Nov 2022 at 6:23am

By business reporter Samuel Yang and wires

Australian Bureau of Statistics figures show home loans for owner-occupiers recorded "the steepest monthly decline on record", as rising interest rates see demand for borrowing dry up. Meanwhile, the ASX manages gains, despite a Wall Street sell-off overnight.

Updated Wed 2 NovWednesday 2 NovemberWed 2 Nov 2022 at 5:52am

By business reporter David Chau, wires

Australian shares post significant gains as the Reserve Bank of Australia lift rates, while Wall Street's industrial index, the Dow Jones, records its biggest monthly gain since 1976.

Updated Tue 1 NovTuesday 1 NovemberTue 1 Nov 2022 at 5:33am

By business reporter Samuel Yang and wires

Australian shares rise, tracking overnight gains on Wall Street as investors await the Reserve Bank's interest rate decision due on Tuesday.

Updated Mon 31 OctMonday 31 OctoberMon 31 Oct 2022 at 10:03pm

By business reporter Sue Lannin, wires

The ASX ended lower as big miners were sold off; shares in Facebook owner Meta Platforms and Amazon plunge as inflation hits earnings, and the European Central Bank raises interest rates again.

Updated Fri 28 Oct 2022 at 6:08am28 October 2022Fri 28 Oct 2022 at 6:08am

By business reporter Emilia Terzon with wires

Helped by cash rate hikes, ANZ's revenue has risen 5 per cent. Meanwhile, other banks are raising forecasts of how far the RBA will hike the cash rate.

Updated Thu 27 Oct 2022 at 6:47am27 October 2022Thu 27 Oct 2022 at 6:47am

By business reporters David Chau and Emilia Terzon with wires

Medibank's hacking debacle results in the company's market value plunging by $1.6 billion, ANZ is fined $25 million for misleading customers, while the local share market rises for its third straight day as Australian inflation hits a 32-year high.

Updated Wed 26 Oct 2022 at 6:12am26 October 2022Wed 26 Oct 2022 at 6:12am

By business reporters Sue Lannin and Emilia Terzon, wires

The Australian share market increases for the second day in a row after Wall Street rise, but gains are limited as oil refiner Ampol and plumbing firm Reliance Worldwide slump on trading updates. 

Updated Tue 25 Oct 2022 at 6:57am25 October 2022Tue 25 Oct 2022 at 6:57am

By business reporter Samuel Yang and wires

Australian shares rise sharply, buoyed by miners, as investors found comfort in Wall Street's strong finish following a report that the US Federal Reserve will likely debate a less-aggressive interest rate hike in December.

Updated Mon 24 Oct 2022 at 3:51am24 October 2022Mon 24 Oct 2022 at 3:51am

The social media company's shares shed almost 5 per cent after Elon Musk reportedly told would-be investors he would cut nearly three-quarters of the workforce if he takes over. 

Sat 22 Oct 2022 at 12:54am22 October 2022Sat 22 Oct 2022 at 12:54am

By business reporter Rhiana Whitson, Emilia Terzon, wires

Australian shares rise after US stocks ended higher on strong earnings, while oil prices fell overnight. 

Updated Thu 20 Oct 2022 at 4:09am20 October 2022Thu 20 Oct 2022 at 4:09am

By business reporter Samuel Yang and wires

Australian shares fall, dragged down by mining and energy stocks on weaker iron ore and oil prices, while persistent fears of a possible worldwide recession weighed on investor sentiment.

Updated Mon 17 Oct 2022 at 5:40am17 October 2022Mon 17 Oct 2022 at 5:40am

By business reporter Samuel Yang and wires

Australian shares have risen sharply, driven by financial, technology and energy stocks, after Wall Street rebounded from an initial sell-off triggered by red hot US inflation data.

Updated Fri 14 Oct 2022 at 5:39am14 October 2022Fri 14 Oct 2022 at 5:39am

By business reporter Samuel Yang and wires

Australian shares have closed down marginally lower, reversing early gains helped by heavyweight financials, while Qantas soared after the airline forecast a return to profit in the first half of 2023 fiscal year for the first time since the pandemic began.

Updated Thu 13 Oct 2022 at 5:40am13 October 2022Thu 13 Oct 2022 at 5:40am

By business reporter Samuel Yang and wires

Australian shares have ended the session flat after a volatile trade on Wednesday, with gains in financials outweighing losses in mining and energy stocks, while caution prevailed ahead of key US inflation data due later in the week.

Updated Wed 12 Oct 2022 at 5:33am12 October 2022Wed 12 Oct 2022 at 5:33am

By business reporter Samuel Yang and wires

Australian shares pare gains while key surveys show business activity and consumer spending are still strong despite rapid rate increases.

Updated Tue 11 Oct 2022 at 5:47am11 October 2022Tue 11 Oct 2022 at 5:47am

By business reporter David Chau, wires

The Australian dollar falls to its weakest level since late April 2020, while the local share market begins its week lower, tracking sharp losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment.

Updated Mon 10 Oct 2022 at 6:22am10 October 2022Mon 10 Oct 2022 at 6:22am

By business reporters Rhiana Whitson and Samuel Yang, with wires

The Australian share market falls after a negative day on Wall Street and as investors await key jobs data.

Updated Fri 7 Oct 2022 at 5:30am7 October 2022Fri 7 Oct 2022 at 5:30am

By business reporter David Chau, wires

New Zealand lifts interest rates by another 0.5 percentage points, Australian shares follow Wall Street sharply higher as investors bet central banks will slow down their pace of interest rate hikes, and Elon Musk revives deal to buy Twitter at original price ahead of courtroom showdown.

Updated Wed 5 Oct 2022 at 5:52am5 October 2022Wed 5 Oct 2022 at 5:52am

By business reporter Samuel Yang and wires

Australian shares mark their biggest intraday jump in two years, tracking a strong performance on Wall Street.

Updated Tue 4 Oct 2022 at 5:36am4 October 2022Tue 4 Oct 2022 at 5:36am

By business reporter Samuel Yang and wires

Australian shares have fallen on Monday, as investors fretted that aggressive interest rate hikes to bring down red-hot inflation would tip the global economy into recession.

Updated Mon 3 Oct 2022 at 5:31am3 October 2022Mon 3 Oct 2022 at 5:31am

/ By David Taylor

It's hard to overstate the magnitude of the financial trouble Britain, and because of its financial heft, the world, found itself in this week, writes David Taylor.

Updated Sat 1 Oct 2022 at 1:16pm1 October 2022Sat 1 Oct 2022 at 1:16pm

By business reporter Samuel Yang and wires

It tracks a broad global sell-off, as recession fears mount in the US as its Federal Reserve fails to temper fears about more rate hikes.

Updated Fri 30 Sep 2022 at 7:06am30 September 2022Fri 30 Sep 2022 at 7:06am

By business reporters Samuel Yang and David Chau, wires

Australian shares have dropped to their lowest level in three months, as surging borrowing costs intensified fears of a global recession — spooking investors into the arms of the safe-haven US dollar and punishing currencies across the region.

Updated Wed 28 Sep 2022 at 7:18am28 September 2022Wed 28 Sep 2022 at 7:18am

By business reporter Samuel Yang and wires

ASX falls after global stocks tumble on interest rate fears, as casino operator Star's acting chief executive officer resigns.

Updated Mon 26 Sep 2022 at 7:02am26 September 2022Mon 26 Sep 2022 at 7:02am