ASX 200 suffers biggest fall in a year
CBA boss sees ‘enormous’ demand for bank shares. Home loan hardship rises: CFR. Chalmers to reform merger laws. TASK shares almost double after bid.
Markets
‘Overkill’: RBA boss lashed on rate hike
After new figures this week confirmed a deepening of Australia’s per-capita recession, analysts have lashed RBA governor Bullock’s latest rate hike.
Bombshell as Optus network boss quits
One of Optus’ senior figures has dropped a bombshell four months after a widespread outage at the telco giant disrupted the lives of millions and shattered the company’s reputation.
ASX surges to reset record as banks rally
Buoyed by the financials sectors, the Australian sharemarket raced ahead to close out the week at an all-time high.
More Stories
Bitcoin’s incredible surge defies Omicron
Cryptocurrency has made an incredible comeback while the rest of the world is feeling the economic shockwaves from Omicron.
Bell fund chief sees return of value in stocks
After a year and a half of blistering gains in global sharemarkets, Ned Bell believes buying opportunities could be just around the corner.
Omicron’s unexpected toll on bitcoin
The emergence of the Omicron covid variant has panicked investors and caused a dramatic plunge to the price of bitcoin, the biggest cryptocurrency.
Stocks plunge on new variant concerns
US stocks have plunged in a frantic sell-off amid growing concerns over the new Omicron Covid-19 variant.
ASX tumbles, slicing $41bn off stocks
ASX 200 falls 1.7 per cent at close as travel stocks plunge over Covid fears, CBA hikes rates for third time in six weeks, and Appen slump deepens.
Crypto fail costs people $1.4 million
Around 17,000 people who tried to use crypto to buy a rare copy of a historical document are now facing a huge bill.
ASX 200 flat in mixed trading
Australia’s share market was flat in mixed trade before Thanksgiving; EML soared on regulatory news, iron ore miners rose, banks fell.
‘Insane’: Nation spirals into crisis
The wrong kind of Turkey is inflating this Thanksgiving as economists around the globe sit stunned at record numbers hit on Wednesday.
ASX lower after day of swings
ASX closes down 0.2 per cent at at 7399.4 after mixed leads from Wall Street. Oil Search merger gets nod from ISS and Prime pitches Seven deal at AGM.
Huge blow to Harvey Norman stores
The retail giant has been unable to match last year’s Covid-fuelled spending surge as the rolling crisis whacks sales.
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