Latest news with #MichaelMcCarthy
Perth Now
2 days ago
- Business
- Perth Now
Australian shares retreat from record levels
The local bourse has been unable to push further into record territory, with most sectors losing ground at the start of a busy week for markets. Near noon on Monday, the benchmark S&P/ASX200 index had given up three-quarters of Friday's gains, dropping 86.1 points, or 0.98 per cent, to 8,671.1, while the broader All Ordinaries was down 82.4 points, or 0.94 per cent, to 8,921.8. Investors' attention would be fully captured by stocks this week as US company reporting season hit full stride and a number of important Australian companies addressed shareholders, Moomoo market strategist Michael McCarthy said. It might be a hectic week for markets, he added, with a number of US Federal Reserve board members speaking publicly, the release of New Zealand inflation data as well as a gauge of Australian and US business activity known as the purchasing manager index. At midday, nine of the ASX's 11 sectors were in the red, with energy and materials up marginally. The financial sector was the biggest loser, dropping 1.8 per cent. ANZ had fallen 2.3 per cent, Westpac was down 3.1 per cent, CBA had retreated 2.0 per cent and NAB had fallen 2.2 per cent. But AMP was up 8.8 per cent to a five-month high of $1.67 after the financial services company said it had recorded its first quarter of positive cashflows into its superannuation business since the second quarter of 2017, when it was scrutinised by the financial services royal commission. "This reflects our continued efforts to build a compelling member proposition which is delivering outstanding investment returns, service and education," said CEO Alexis George. In the heavyweight mining sector, Rio Tinto was up 1.5 per cent, Fortescue had added 1.2 per cent and BHP had edged 0.1 per cent higher. South32 was up 3.6 per cent following its quarterly operating report. The Australian dollar was buying 65.04 US cents, from 65.02 US cents at 5pm on Friday.
Yahoo
3 days ago
- Sport
- Yahoo
Journalism surges ahead to win Haskell Stakes
Watch the full 2025 Haskell Stakes, part of the Breeders' Cup Challenge Series, where Michael McCarthy trained Journalism made a late move to pull ahead.
Yahoo
3 days ago
- Sport
- Yahoo
Journalism wins the $1 million Haskell Stakes to earn trip to Breeders' Cup
Journalism proved again what a great competitor and super horse he is, rallying from next to last on the backstretch to win the $1 million Haskell Stakes on Saturday at Monmouth Park in Oceanport, N.J. The stretch run was vintage but Journalism's start in the 1 1/8-mile race was poor as the 3-year-old broke seventh in the eight-horse field. He seemed to struggle, taking a fair amount of kickback from the somewhat muddy track. But around the far turn he moved to the outside and started to pick off horses, almost coming even with Gosger and Goal Oriented, who were side-by-side on the rail, at the top of the stretch. He still looked beaten mid-stretch but with about a furlong to go he got real interested, running in about four path, well clear of the other horses. Then his stride got more powerful and he breezed to a half-length win. It was his sixth win in nine lifetime races. Read more: D. Wayne Lukas, Hall of Fame trainer who shaped horse racing, dies 'I don't think he broke as well as we would have liked [Saturday],' said Michael McCarthy, Journalism's trainer. 'As soon as they got to the backside, he started engaging a little bit, but not quite like we've seen in previous races. It took him a little while to get to the front. I'm not sure if that was by design from [jockey] Umberto [Rispoli], but with a target in front of him. He's just a different horse. Journalism, who went off at 2-5, paid $2.80 to win. Gosger was second followed by Goal Oriented, Bracket Buster, Burnham Square, National Law, Kentucky Outlaw and Wildncrazynight. The win gave Journalism a free, expenses paid trip to the Breeders' Cup on Nov. 1 at Del Mar. The Haskell is part of the win-and-in program that helps to get the best horses to the Breeders' Cup. The big question is where will Journalism run next. Given that he is based in Southern California, it wouldn't be surprising to see him in the Pacific Classic on Aug. 30 at Del Mar. It would be a good prep for the Breeders' Cup Classic for a couple reasons. It would be his first race against older horses (defined as horses 4 and older) and also that the Breeders' Cup is at Del Mar. Journalism broke his maiden at Del Mar on Nov. 17. It would also mean little travel, a big plus considering Journalism has not run in Southern California since April 5 when he won the Santa Anita Derby. Saturday was his sixth race in five months and in five different states. Another option, and likely the one favored by most fans, could be the Travers Stakes at Saratoga on Aug. 23 for a potential rematch with Kentucky Derby and Belmont winner Sovereignty. The Journalism-Sovereignty rivalry has been the best the sport has seen in a few years. Sovereignty has won both of their meetings, the Kentucky Derby and Belmont Stakes, while Journalism won the Preakness, a race that Sovereignty skipped because of the two weeks of spacing between the first and second legs of the Triple Crown. Journalism was the only horse to run in all three Triple Crown races. Trainer McCarthy played his cards close when asked after the race what was up next for Journalism. Read more: Kentucky Derby winner Sovereignty wins the Belmont Stakes, beating Journalism again 'Judging by the amount of mud on him, a pretty hot bath, a nice hot bubble bath and we'll get him back to the barn,' McCarthy said. 'We'll enjoy this tonight and kind of think about what we're going to do from here.' Journalism was an $825,000 purchase by Eclipse Thoroughbreds, which includes Don Alberto Corp. as an investor. He was sired by Curlin with Mopotism as the mare. The daughter of Uncle Mo was euthanized on July 15 after complications from colic, a gastrointestinal issue. Mopotism, who ran in Southern California for trainer Doug O'Neill, was 11 when she died. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
Yahoo
3 days ago
- Sport
- Yahoo
Journalism rallies with final burst to win Haskell Invitational
OCEANPORT, N.J. (AP) — Journalism launched a dramatic rally to win the $1 million Haskell Invitational on Saturday at Monmouth Park. It was Journalism's first race since the Triple Crown. He was the only colt to contest all three legs, winning the Preakness while finishing second to Sovereignty in the Kentucky Derby and Belmont Stakes. Heavily favored at 2-5 odds, Journalism broke poorly under jockey Umberto Rispoli and wound up trailing the early leaders. He kicked into gear rounding the final turn to find Gosger and Goal Oriented locked in a dogfight for the lead. It appeared one of them would be the winner until Journalism roared down the center of the track to win by a half-length. 'You feel like you're on a diesel,' Rispoli said. 'He's motoring and motoring. You never know when he's going to take off. To do what he did today again, it's unbelievable.' Gosger held on for second, a neck ahead of Goal Oriented. The Haskell victory was Journalism's sixth in nine starts for Southern California-based trainer Michael McCarthy, and earned the colt a berth in the $7 million Breeders' Cup Classic at Del Mar on Nov. 1. Journalism paid $2.80, $2.20 and $2.10. ___ AP horse racing:
Associated Press
3 days ago
- Sport
- Associated Press
Journalism rallies with final burst to win Haskell Invitational
OCEANPORT, N.J. (AP) — Journalism launched a dramatic rally to win the $1 million Haskell Invitational on Saturday at Monmouth Park. It was Journalism's first race since the Triple Crown. He was the only colt to contest all three legs, winning the Preakness while finishing second to Sovereignty in the Kentucky Derby and Belmont Stakes. Heavily favored at 2-5 odds, Journalism broke poorly under jockey Umberto Rispoli and wound up trailing the early leaders. He kicked into gear rounding the final turn to find Gosger and Goal Oriented locked in a dogfight for the lead. It appeared one of them would be the winner until Journalism roared down the center of the track to win by a half-length. 'You feel like you're on a diesel,' Rispoli said. 'He's motoring and motoring. You never know when he's going to take off. To do what he did today again, it's unbelievable.' Gosger held on for second, a neck ahead of Goal Oriented. The Haskell victory was Journalism's sixth in nine starts for Southern California-based trainer Michael McCarthy, and earned the colt a berth in the $7 million Breeders' Cup Classic at Del Mar on Nov. 1. Journalism paid $2.80, $2.20 and $2.10. ___ AP horse racing:
