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.
Markets
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.
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Why Aussie dollar fall could cost homeowners
The chances of an interest rate cut in early 2025 are falling faster than the Aussie dollar, with experts saying the drop in our currency could cause the Reserve Bank to baulk at a cut.
ASX slumps on US job figures
Banks, consumer discretionary and information technology stocks have slumped during a broad market sell-off on Monday.
ASX 200 down; Star ticks up; Myer, Premier tank
Insignia rises on improved Bain bid. Weak sales updates from Myer, Premier weigh. Energy players gain as Brent hits $US81 per barrel. Low AUD threatens rate cuts. Star rising amid cash crisis talks.
‘Staggered’: Major catch for Aussie rate cut
With thousands of Aussie homeowners buckling under the weight of hefty repayments and the cost of living crisis, a financial expert has laid out his best tips going into 2025.
ASX falls during Friday’s trading
A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
ANZ tips Feb rate cut amid weak economy
Slow spending lifts chances the RBA will move earlier than expected to deliver interest rate relief.
ASX 200 mostly recovers from fall; Star, Lovisa hit
November retail sales undershoot expectations despite Black Friday boost. Casino group Star’s investors react to latest cash crisis. Rex board aware of ‘bewilderingly bad’ sales: ASIC. Arcadium lifts on US nod to Rio buyout.
ASX 200 snaps five day winning streak
The Australian sharemarket has dipped on Thursday, breaking a five day streak, despite favourable retail sales data.
ASX hits 4-week high on inflation surprise
Fresh inflation data has given the Australian share market a boost, with trading up on Wednesday.
ASX 200 hits four-week high on underlying CPI surprise
Investors buoyed by cooling underlying price pressures. Forrest named in bombshell ExxonMobil lawsuit. Avita’s downgraded earnings guidance weighs. Computershare falls on UBS ratings cut.
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