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Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.The consumer price index (CPI), a key measure of inflation, rose at…

Tesla shares have dropped to the lowest level in almost two years after chief Elon Musk sold nearly $4 billion worth of shares in the electric car company.SEC filings showed on Tuesday the sell off more than a week after he closed his $44…

It’s been a white knuckle ride for Wall Street investors on Thursday (US time) as stocks initially sank after disappointing inflation data before launching a huge rally.Losses on the Nasdaq hit three per cent soon after the market opened,…

The S&P/ASX 200 index is having its best day since June 2020, rising 3.5 per cent to 6675 by 3pm AEDT.A whopping 97 per cent of listed stocks have risen into Tuesday.Iron ore futures fell 1.1 per cent to $US94.22 per tonne, while gold…