Kochie’s savage warning to Boomers
David Koch has issued a warning to Boomers while declaring the younger generation has been given the ‘short end of the stick’.
Markets
Hope for rate reprieve as inflation drops
In a positive sign for borrowers, inflation continued its broad slowdown in November, easing pressure on a rate hike in February.
ASX snaps four-day losing streak
After a four-session slide, the local share market found momentum on Tuesday with all sectors bar energy finishing in the green.
Bitcoin price skyrockets over major change
The price of Bitcoin is spiking and one analyst predicts it could more than triple in value and hit $300,000 by the end of 2025.
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Australian shares set to fall sharply
Australian shares are set to drop sharply today on the heels of a bad day on both Wall Street and European exchanges.
ASX drops 1.5%, CSL, BHP, Fortescue hit
Stocks finish 1.5 per cent lower, hurt by biotech giant CSL, BHP and Fortescue Metals. Retail sales fall 1.7 per cent. Oil prices hit their highest level since 2018 and iron ore jumped.
ASX up 0.6%, financial stocks gain
Stocks finish 0.6 per cent higher, bolstered by financial stocks including IOOF and CBA. Sigma tables $773.3m bid for API, starting bidding war with Wesfarmers.
ASX ends lower as Evergrande falls
Australia’s sharemarket fell slightly at the end of a volatile week. The S&P/ASX 200 index closed down 0.4% at 7342.6 and suffered its first three-week fall in seven months.
ASX up 1%, tech, banks stocks gain
Stocks finish 1 per cent higher, bolstered by tech, bank and energy gains. Wall Street gained after Fed signalled a possible 2022 rate hike and Evergrande concerns eased. Iron ore prices rebound.
Iron ore storms back after surprise deal
The price of iron ore has surged back as fears about Chinese property giant Evergrande eased following a surprise deal.
ASX up 0.3%, resource giants gain, insurers hit
Stocks lose ground to close just 0.3 per cent higher, driven by resource giants. Insurers IAG and Suncorp down on earthquake claim woes. China’s Evergrande strikes deal with bondholders.
ASX ends 0.4% higher, energy, IT stocks up
Stocks recover to finish 0.4 per cent higher, led by energy and IT sectors. APA shares drop 4.7 per cent amid fears of a bidding war for AusNet.
China panic: $344 billion crypto plunge
A panicked mass sell-off overnight has sparked one of the biggest price drops in cryptocurrency history. And China is to blame.
ASX plunges as iron ore price collapses
Australian investors endured a brutal day after the stock market fell to a fresh eight-month low and the price of iron ore plunged.
Original URL: https://www.adelaidenow.com.au/business/markets/page/199