Business
Reality (and GameStop) finally hits ASX
The S&P/ASX 200 Index (ASX: XJO) has just endured its worst week since October last year, in a drama-filled week for the ages. Despite this, the index ended up giving investors its fourth month of positive momentum in a row.
As per usual, it was ASX banks and resources shares that were behind the week’s poor performance. Lower iron ore prices and a ‘risk-off’ turn in investor sentiment contributed to last week’s falls.
But all of this was overshadowed by one of the strangest and most-FOMO inducing events the markets have seen in living memory. It all revolved around a formerly-little known United States company called GameStop Corp (NYSE: GME). We covered some of the complicated machinations that took place around this…
-
Noosa News7 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News8 hours agoMotorcyclist dies in crash with truck
-
Noosa News22 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General14 hours agoSmall-town cleaner finds himself in legal battle with EnduroShield over product packaging