Ailing Lovisa, Zip drags stock market down
The Australian share market finished down on Tuesday, following sagging results from jeweller Lovisa and sluggish performance from Zip and Johns Lyng.
The Australian share market finished down on Tuesday, following sagging results from jeweller Lovisa and sluggish performance from Zip and Johns Lyng.
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
The Australian sharemarket advanced for a 10th consecutive session on Thursday, marking the longest rally in stocks since 2015.
Making $100,000 a year used to be a kind of salary holy grail for a lot of Aussies, but the country’s cost-of-living crisis has changed that completely.
The man who leaked confidential government information to clients has been exiled from the world of Australian finance.
Fears of an escalation of the Israel-Hamas has shaved 1.2 per cent off the Australian share benchmark on Friday.
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The sharemarket has cheered the news of a mega mine deal, but environmentalists say it’s a catastrophe for the climate crisis.
Multiple strikes have broken out across Australia’s food sector, putting more pressure on an industry rocked by surging inflation. But experts have cautioned labour is not to blame for rising grocery bills at the checkout.
The Aussie share market peaked above the 7000 threshold on Tuesday after the US Federal Reserve signalled an easing of its interest rate strategy.
After oil prices tumbled and Wall Street finished higher overnight, the local benchmark ended its three-day losing streak to finish in the green on Thursday.
One state’s premier has pledged to back small business with cost-of-living relief to help them stare down interest-rates and inflation pressures.
After Wall St sank lower overnight, the Aussie sharemarket wiped off 0.8 per cent of its value with the big four banks all finishing lower.
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