Fresh rate cut fears send ASX lower
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
Plans for a lengthy fibre optic cable from Kenya to the west coast of Australia have been unveiled.
With Federal Reserve officials indicating interest rates will likely remain higher for longer, investors took profits in commodities on Thursday.
The energy regulator has announced lower price caps to reduce bills for many consumers from July 1, but the industry has raised concerns.
Paring back its early gains, the sharemarket inched lower to finish in the red for a second consecutive session.
Aussie hospitality businesses have been hit with grim financial forecasting for the year – unless one consumer trend changes.
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
In a subdued session, Tuesday’s trading gave back a portion of Monday’s rally.
A rally in prices for key commodities including oil, iron ore, nickel, gold and copper sent the benchmark within 33 points of its record high.
Star has entered a trading halt after receiving multiple takeover bids, as the casino giant continues to face scrutiny over its ability to operate a casino licence.
The prime minister has lashed out at the opposition for failing to reveal where nuclear power plants after ‘extensive’ polling was done in potential electorates.
Energy retailers will be forced to help customers pay less for their electricity.
The rise of Australians with their own home office has contributed to Australia’s rental property shortage, a senior RBA official has warned.
Stoking the case for rate cuts this year, the unemployment rate moved sharply higher in April.
Workers, already under pressure from inflation, saw their wages slide last quarter but there is some good news for homeowners.
With family budgets coming under further strain, consumers heavily wound back on spending on non-essential items in April.
Jim Chalmers’ Treasury department has delivered a glimmer of hope for inflation crunched households ahead of the federal budget on Tuesday.
A magistrate has warned a former NRL player in no uncertain terms that he will “seal his fate” if he doesn’t do one thing.
Consumer and financials were crunched on Thursday as investors grew increasingly concerned with the impact of elevated inflation on households.
The luxury car models are at risk of overheating and setting alight, the recall notice claims.
Bonza plane “Bruce” has flown out from the Sunshine Coast for Honolulu, leaving the futures of Shazza, Malc, Sheila and Bazza uncertain.
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
Under a controversial proposal to divide up the GST take between the states, NSW, Victoria and Queensland could be left billions of dollars worse off.
Selina’s has been a cornerstone of Sydney’s music scene for over 50 years, but a Coogee redevelopment will take it off the map.
Six years after Paddy Moriarty went missing in a town where every resident became a murder suspect there has been a twist in the tale
Warning that the RBA would not hesitate to pull the trigger on further rate hikes if needed, Governor Michele Bullock revealed rate hikes had been considered.
Hopes have been shot down for Bonza after fresh fleet negotiations failed, leaving all flights cancelled and a majority of staff without work until at least May 14.
Releasing its fresh quarterly forecasts, the central bank painted a gloomy picture on the path for inflation, with one essential cost for many playing a key role.
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
Original URL: https://www.news.com.au/finance/business/breaking-news/page/5