ASX set to open lower as Wall Street falls despite Yellen, Powell optimism

Optimism about the economic recovery by Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares for a second-straight day.

Wall Street finance legend Leon Black makes quick exit from Apollo

Leon Black, the Wall Street billionaire who appeared to be a main client of disgraced financier Jeffrey Epstein, is stepping down as chief executive officer of Apollo Global Management months […]

ASX set to slide at open; tax worries hover over Wall Street

Investors are turning their attention to prospects that higher taxes could threaten the rally in US stocks as President Joe Biden’s administration moves forward with its agenda and seeks ways […]

‘Zoom boom’ sputters: Wall Street’s pandemic winners are getting a reality check

While the pandemic battered the economy, tech companies and consumer companies powered by digital technology stood out as islands of growth. But as conditions improve, investors are starting to turn […]