ASX soars on fresh rate cut hopes
The Aussie sharemarket soared on Wednesday as markets factor in the likelihood of a rate cut in February.
Breaking News
‘It’s on’: Major bank expects Feb rate cut
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
‘It’s on’: Major bank expects Feb rate cut
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
Glimmer of hope for Aussie renters
Australia’s rental crisis may have peaked as advertised rents growth slows, but tenants are likely still feeling the brunt of cost-of-living pressures.
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ASX 200 snaps 5-day losing streak
The ASX 200 snapped a five day losing streak, as the Santa Claus rally finally arrives.
Christmas gift Aussies could do without
Aussies are being slugged with an unwanted Christmas gift of higher home loan repayments, fresh figures show.
CommBank boss ‘unaware’ of $3 fee
The boss of Australia’s largest bank says he was unaware of the controversial $3 service fee being applied to one account before it was announced.
Ikea’s surprising cost-of-living move
Furniture titan Ikea says it is doing one thing in a “challenging environment” to help Aussies through the cost-of-living crisis.
‘Team player’: Major bank’s CFO retires
Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.
ASX falls to fresh four-week low
The ASX 200 has continued to suffer major headaches amid falling iron ore prices – with the market falling to a fresh four-week low.
Surprising falls on Aussie Xmas favourites
Falling prices at the checkout mean Aussie families are tipped to pay slightly less for Christmas BBQ favourites this holiday season, according to new research.
Bank sued, customers scammed out of $23m
The corporate watchdog is taking a multinational bank to the Federal Court over alleged failings to protect customers from scams.
Why RBA is being blamed for inflation
The RBA’s slow response to the post-Covid economic boom is to blame for Australians paying more on their mortgage today, a consulting firm has found.
ASX slumps to worst week in four months
A sharp sell-off in materials and utilities dragged the Aussie sharemarket into the red – marking its worst week in four months.
Original URL: https://www.heraldsun.com.au/business/breaking-news/page/20