Bank woes drop the ASX200
Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
Markets
Bank woes hit ASX; Domain, Mayne top gainers
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on ‘soft’ US sales. QBE soars. Bendigo Bank cuts rates.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
Big win for Telstra shareholders
Telstra says its heavy investment in the Australian network is paying off, as the telco announces massive payouts to shareholders.
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Founders first: Geoff Wilson bets on market leaders
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ASX 200 rises 0.5pc to record close; Origin down
A strong day for Aussie shares as the ASX 200 rises 0.5 per cent to a record high close at 8532.3. Origin cuts APLNG guidance. Citi upgrades BlueScope. Rinehart lifts Lynas stake. Broker upgrade for Zip. Lendlease selling Capella. US probing if DeepSeek used Nvidia chips. Trump advisors hunt for deals as Canada, Mexico tariffs loom.
How young Aussies can get $1321 boost
Applications are now open for young Aussies to get a tax-free $1321 cash boost, but there’s a catch.
3000 lose jobs as fashion giant collapses
The final two brands in the Mosaic Brands fold will be shut down after its receivers were unable to find a new buyer, leaving thousands without a job.
Aussie economy’s major breakthrough
Australia’s economy might be hitting a turning point on the back of better household spending – but economists are warning more work needs to be done.
Rate cut in February hangs on this figure
Struggling borrowers could finally get a rate cut in February, with inflation tipped to fall faster than the Reserve Bank has been expecting.
China nukes US stock market, $1 trillion lost
The release of a single app from China wiped more than $1 trillion from the US stock market on Monday. Here’s what you need to know.
Major retailers drive Aussie market surge
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
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