ASX slips as iron ore miners tumble
Despite a cooler than expected inflation reading for November, the share market lost ground on Wednesday as iron ore miners dragged the benchmark lower.
Markets
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’.
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.
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Crypto boss not a billionaire anymore
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ASX climbs 1.2%; Crown vote in, Tabcorp higher
Australia’s share market bucks overnight falls as US and European index futures soared and Asian shares rose. Westpac says housing downturn is here. Shareholder give nod for Crown’s $8.9bn sale to Blackstone. Woolworths goes for Mydeal. Cannon-Brookes reveals AGL vision.
Crypto tipped for correction of ‘over 90%’
Billionaire Bill Gates has declared cryptocurrencies have “no valuable output” as analysts predict more “destruction” in the market.
ASX falls 1.7pc; Wesfarmers, JB Hi-Fi plunge
ASX ends four-day winning with retailers pummeled. Jobless rate hits 1974 low, Aristocrat jumps on buyback, Wesfarmers falls to 19-month low and Nufarm down amid profit rise.
ASX dives after Wall Street bloodbath
The Australian sharemarket did little to recover after it shed billions of dollars on Thursday morning, with retail stocks in a tailspin.
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