Millions of Aussies to get rate cut today
Rate relief for millions of Australians starts on Friday as the first of the big four banks finally pass on the RBA’s rate cut to mortgage holders.
Breaking News
Star Entertainment enters into trading halt
The embattled Star Entertainment Group has failed to lodge its half-yearly results with the ASX.
Coles, Qantas drive the ASX higher
Market heavyweights Coles, Qantas and Medibank soared on the back of a better than expected reporting season, helping the local sharemarket on Thursday.
130 scam websites a week taken down
Scammers are becoming increasingly sophisticated but the corporate watchdog is fighting back, taking down more than 130 scam websites a day.
‘Like new’: Qantas reveals big change
The biggest upgrade in the business’s history and one of the newest planes in the world are all part of Qantas’s plans.
ASX slides on Woolworths, Platinum results
Supermarket giant Woolworths and the major miners have sent the Australian share market down to a new six week low on Wednesday.
Eye-watering amount owed by Aussie retailer
A final nail has been driven into an Australian retail giant’s coffin, as those tasked with combing through the books tally a staggering amount of debt.
‘Fully engaged’: Defiant billionaire’s pledge
An embattled billionaire is back at the helm of the company he founded despite controversy still swirling around him over his personal life.
Bad news for back-to-back rate cuts
Mortgage holders hoping for back-to-back rate cuts have taken a hit after the latest inflation figures were released.
Woolies reveals shock cost of strikes
Woolworths has been counting the cost of industrial action, which took a dent out of the supermarket behemoth’s bottom line.
ASX falls on latest Trump tariff news
The ASX 200 fell on Tuesday as US President Donald Trump confirmed tariffs and major businesses missed the mark during reporting season.
Bank boss makes huge cash call
Commonwealth Bank boss Matt Comyn has backed cash, saying his bank will provide it to customers even as customers preferences change.
Nine tries to find way out of $100m hole
Nine Entertainment says it will try to save $100m in costs over the next two years, and there will be further restructuring of the business.
‘Exceptional’: Reason BNPL stock soared
A buy now, pay later lender says its cash earnings have surged to a new record off the back of one particular growth segment.
Grim update for Domino’s amid store closures
Domino’s Pizza has swung to a loss in the first half of the year as the pizza maker announces plans to simplify the business.
Demand to RBA boss on cash
An advocacy group has hit back at claims from Michele Bullock during her latest appearance in front of Australia’s parliament.
ASX snaps five day losing streak
The ASX200 snapped a five day losing streak, but cracks are still appearing as more companies are missing the mark this reporting season.
Mortgage plea proves Australia’s cooked
Australians are weighing up taking on extra-long loan terms to reduce monthly repayments on their mortgages as cost pressures continue to bite.
Board revolts against embattled billionaire
The relationship between board members and an Australian tech company’s billionaire founder has become “intractable”.
‘No option’: Aussies grim retirement call
Australians are set to work longer as rising cost-of-living sees them put off their retirement.
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.
Telco misleads 9k customers over NBN speeds
Telstra downgraded the upload speeds for thousands of its Belong NBN customers without telling them or lowering the price.
‘Unfair’: What Aussies savers should do
Frustrated Aussie savers have been urged to get one up on banks who have left them in the dark by doing one thing.
Aussie food chain reveals surprise best seller
A fast-growing Australian food chain has revealed its best selling item as it announced a $7.3 million profit for the first half of this financial year.
Watchdog’s warning to big supermarkets
Australia’s consumer watchdog says customers’ concerns in the supermarket and retail sector remain a key priority in the year ahead.
CBA, Fortescue lead ASX to 5 week low
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
‘Bitter pill’: Grim reality for Aussie savers
It’s only going to get worse for Aussie savers already on their knees after the Reserve Bank’s decision to cut interest rates.
Major bank to move 190 Aussie jobs offshore
Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.
Stores cash-strapped Aussies are still visiting
Figures from one of Australia’s largest retailers show Aussies are still finding room in their budgets to shop despite cost-of-living pressures.
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.
ASX drops on NAB, MinRes earnings misses
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
Simple reason Aussies are a little richer
Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.
Bad news for your next pay rise
Australia’s wage growth has slowed in the December quarter, which while welcome news for the RBA, shows the peak in earnings growth might be over.
Act that hurt Keno owner’s bottom line
Less people are gambling on lotteries, and a move introduced on one of Australia’s most popular games has hurt one company’s bottom line.
Why rate cut won’t save Aussie households
Aussie households are feeling the pinch, with a single rate cut unlikely to relieve them of their mortgage stress.
When is the next RBA meeting on interest rates?
The Reserve Bank of Australia has switched things up, meaning eager homeowners will have to wait a little longer to find out if they will get another rate cut.
NAB posts $18m-a-day profit
Anti-crime measures and wage costs have eaten into one of Australia’s major bank’s $18m-a-day profit.
Winners and losers from RBA rate cut
Households are tipped to have a bit more in their pockets after the RBA’s first rate cut in four years, but just how much you will save will depend on the size of your loan.
Banks make $10m a day on slow rate cut
Going slow on rate cuts could be good for the major banks as they cash in millions for every day homeowners wait for a mortgage reduction to be passed on.
RBA boss’ two words to Aussies after rate cut
Under-the-pump Australian homeowners have received a rate cut, but Michele Bullock has delivered a stark two-word warning about the future.
‘Serious mistake’: Surprise scene outside RBA
Unions and interest groups ratcheted up the pressure on the Reserve Bank ahead of its decision to cut interest rates.
Thousands of dodgy job ads banned
A growing problem for Australians trying to find a job has been revealed, as the number of red flags continues to soar.
Worrying move from Aussie mining giant
Australia’s largest miner will pay shareholders their lowest interim dividend in eight years after a massive profit slump.
Westpac, Bendigo drag down ASX
Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.
Aussie winner from Trump’s tariff
An Australian business could be a major winner from Donald Trump’s steel tariff even if the country is not spared from the controversial levy.
‘Seamless transition’: Dogs fill key role
The Western Bulldogs boss has thrown his support behind a new appointment, confident he can oversee the club through a period of prolonged success.
Major bank’s huge move on rates
Competition among mortgage providers has spurred a big four bank to cut its variable interest rates ahead of tomorrow’s RBA decision on the cash rate.
Big bank posts eye-watering profit
A major Australian bank has posted a massive three-month profit as it expects one thing to rise in the coming months.
Rate pain set to stay until November
Aussie mortgage holders might need to wait nine months to fully feel the impacts of a rate cut, should the Reserve Bank board decide to cut the cash rate on Tuesday.
Further sign rate cut is on its way
Banks are cutting one particular offering as they gear up for the Reserve Bank of Australia to do the same to the cash rate.
Chemist Warehouse deal debut helps ASX soar
The Aussie market finished at a new high on Thursday, helped by the listing of the mega Chemist Warehouse–Sigma Healthcare merged business.
Australia’s world-first move to stop scammers
Australia is fighting back against cyber security threats, and this world-first move against scammers is leading the way.
Trump’s tariffs could stall rate cut
Uncertainty over US President Donald Trump’s current tariff policies could push back the RBA’s plans to cut rates in February, economists warn.
ASX soars on big bank’s mega earnings
The Australian sharemarket closed at a record high on Wednesday off the back of strong share price growth from the major banks.
Second major bank cuts interest rates
Another of Australia’s big four banks has cut interest rates for one group of borrowers, ahead of the RBA’s highly anticipated February meeting.
Surprising trend in home lending
Aussies putting up with higher house prices are still getting into the market as investors get out of the way, new research shows.
CBA announces eye-watering profits
CBA has announced an eye-watering half-yearly profit despite citing cost-of-living concerns for customers.
‘Highest priority’: Billionaire’s pledge to Whyalla
A major Australian steel producer’s international tycoon owner says his company is making “tangible financial headway with our creditors”.
Proof the Aussie dream isn’t dead
Fresh government data has shined new hope on the great Australian dream, proving you can still buy a home in a popular city for under $1m.
ASX flat on latest tariff news
A major fall in the healthcare sector dragged the ASX 200 down as the market factored in the latest update in US President Donald Trump’s tariffs.
200k Aussies rail against cashless society
A petition to save cash through guaranteeing access to the tender and relevant banking services has surpassed 200,000 signatures.
Aussie bank’s big interest rate move
Another major financial institution has changed its rates ahead of the Reserve Bank of Australia’s decision on the official cash rate.
Seven West Media’s huge profit slump
An Australian media giant has posted a huge slump in profit but says it is making “solid progress” under a new operating structure.
Wiped: Billions lost on Trump’s tariff plans
The Aussie sharemarket fell heavily on Monday as traders reacted to the latest round of tariffs and the impact they could have on the domestic market.
‘Stupid’: CEOs ’monumentally out of touch’
A union boss has come out swinging following reports some of Australia’s richest people want to cut penalty rates.
‘Smashed it’: JB Hi-Fi’s $5.7bn boom
Figures from one of Australia’s major retailers show shoppers have found room in their budgets despite cost-of-living pressures.
Building company collapses owing millions
Another Aussie builder has gone bust, leaving home buyers in the lurch and creditors owed millions.
Incredible call on looming rate cut
The money markets are rapidly backing the idea that the Reserve Bank will cut interest rates when they meet in a weeks’ time.
Albo’s big election pitch to industry
Prime Minister Anthony Albanese is attempting to woo decision makers for some of Australia’s biggest employers ahead of the federal election.
Terrifying reality in Aussie scam crisis
At a secret location in Sydney, experts have revealed the terrifyingly simple way Australians are being fleeced more than any other country by scams.
Issue in Aussie surf brand collapse
The business behind two Australian surfwear brands has applied for bankruptcy in the US, with more than 100 stores to close, as a mogul reveals their key mistake.
Aussies’ insane credit card spend revealed
Some Australians are facing huge debts following a record credit card spend over the Christmas period.
ASX slides during Friday’s trading
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
2500 super members slugged unwanted fees
A major superannuation fund that incorrectly charged members for insurance premiums they didn’t want has divided an online community with its response.
ASX marks second best close on record
The Australian sharemarket closed just off a record high on Thursday, as renewed optimism in the US-China relationship, spurred a rally in key stocks.
Reason Aussies shying away from retailer
International retailers Temu and Shein have risen rapidly in Australia, but that could be short lived. Here’s why.
‘In a second’: Horror warning for Aussies
Australians are falling for scams within a matter of seconds, with a top cybercrime cop issuing a chilling warning.
ASX snaps two day losing streak
The Australian market broke a two-day winning streak on Wednesday as markets saw through US-China trade tensions.
‘Price war’ as new airline stakes claim
The latest competitor on a key route between Australia and the US has put its first seats up for sale.
ASX 200 hammered on Trump tariffs
Nearly $50bn was wiped off the Australian sharemarket on Monday as fears of a trade war led by US President Donald Trump tariffs ripped through the local market.
Original URL: https://www.news.com.au/finance/business/breaking-news