Fears Australia could slide into ‘recession’
Australia faces a return to a per capita recession, with Wednesday’s national accounts figures expected to be weak.
Markets
CBA chases fresh record; Musk calls Trump bill ‘disgusting abomination’
CBA hits high of $179.71 after Tuesday’s record close. Virgin Australia IPO to raise $685m. First quarter economic growth may be weaker than RBA forecasts. Musk hits out at ‘pork-filled Congressional spending bill’.
Fears Australia could slide into ‘recession’
Australia faces a return to a per capita recession, with Wednesday’s national accounts figures expected to be weak.
ASX shrugs off trade tensions
Australia’s sharemarket continued its gains during Tuesday’s trading as the Commonwealth Bank soared to a new record high.
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CBA hits record; wage rise ‘modest drag’ on inflation
RBA well placed to ‘respond decisively’ to international developments. Fair Work Commission grants above-inflation 3.5pc wage rise. NAB cuts economic forecasts. IDP Education dives 46 per cent.
RBA’s worst case scenario revealed
The fallout from US President Donald Trump’s tariffs could have a severe impact on the Australian economy, worst-case modelling from the RBA reveals.
‘Sombre picture’: Bleak forecast for economy
Australia’s economy is showing more signs of weakening ahead of GDP figures being released on Wednesday.
ASX slips after last tariff update
Cautious investors dragged the ASX 200 lower during Monday’s trading on the back of the latest developments from the White House as well as growing geopolitical tensions.
Housing market picks up; Brickworks, Soul Patts soar
House prices and auction clearances rose in May. 25 years late, but corporate raider happy with Washington H Soul Pattinson move on Brickworks. Billionaire’s $1bn-plus gaming bid.
Older daters warned of financial pitfalls
Older Australians entering the dating scene are being urged to be “pragmatic” and make sure they have proper plans in place before combining finances.
Big call after Trump’s tariff blow
Donald Trump has stoked outrage after doubling the levy on Australia’s steel exports – but there still might be a “pathway” for an exemption.
ASX has best month since January
A bounce in the major banks and consumer staples in trading on Friday has helped drive the ASX to its best month since January.
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