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.
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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.
Grim truth about Aussie rate cut
Mortgage holders need more than one rate cut to start feeling relief, with only about 53,000 Aussies likely to move away from “at risk” should the RBA cut rates in February.
Proof of how far off target Australia is
Australia remains behind its ambitious target of 1.2 million new homes by 2029 despite a bounce in new housing approvals in December.
Major turnaround in Aussie habit
Aussies have returned to the stores on the back of cost-of-living relief, lifting consumer spending for the first time in nearly two years.
Major bank’s huge interest rate move
One of the big four banks has made a major call ahead of any Reserve Bank of Australia decision to cut the cash rate.
Aussie banking boss drops bombshell
Former Queensland Premier Anna Bligh will retire from her role in the Australian Banking Association after eight years of lobbying for the major banks.
How Temu took down Aussie pioneer
International retailers are drawing consumers in by offering cheap products and low shipping costs, but their meteoric rise is coming at the expense of local businesses.
Property prices fall for second month
Property prices continued to slide in January across nearly every capital city, but buyers are being urged to act quickly as the downturn could be short-lived.
ASX rises to new record high
Friday’s rally in mining, real estate and technology stocks pushed the ASX 200 to a new record high.
Last of big four banks updates rate cut tip
All four of the big banks now agree on when the Reserve Bank board will cut interest rates following welcome inflation data this week.
Aussie sharemarket closes on 100 day high
The Aussie sharemarket has closed on a 100 day high, led by consumer discretionary stocks as investors factor in rate cuts.
Figures hide Aussie families’ pain
Australians are still feeling the pinch of cost-of-living rises even though the rate of inflation is slowing.
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.
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.
‘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.
Why you shouldn’t apply for a job in January
Australians are choosing the worst time of the year to try and find their next job, according to new research.
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.
ASX 200 trades flat as Wall Street falls
A smaller tech sector exposure and a strong performance from consumer discretionary stocks saw Australia finish marginally in the red, despite a sell off on Wall Street.
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.
Hopeful sign for struggling businesses
Businesses are reporting overall better conditions at the end of 2024, with retailers benefiting from a big holiday spending boost.
Impossible choice for Aussie families
Australian families are being forced to choose between necessities for their kids’ education or the family home.
Australia’s top performing state revealed
Two mining powerhouses are officially Australia’s best performing state economies, with one topping the list for the second time since 2014.
Major shake up in Dutton’s front bench
Opposition leader Peter Dutton has announced the long-awaited shake up of his front bench as he looks to the upcoming federal election.
Major retailers drive Aussie market surge
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
‘Stellar’: Super funds you wish you were in
Members in Australia’s top-performing superannuation funds are more than 13 per cent better off this year.
Huge number of Aussies needing a rate cut
A huge number of Aussie households have said they are desperately needing a rate cut when the Reserve Bank next meets.
ASX snaps three-day winning streak
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
‘Kick into action’ warning over housing fail
Australia has already fallen behind its newly created housing target, and if things don’t improve dramatically, the shortfall will be staggering.
How $900m deal could turn Myer around
Two of Australia’s biggest retailers have agreed to a merger as tough retail conditions continue to cut into the sales of both companies.
650 jobs to go as iconic Aussie brand axed
An iconic Aussie clothing brand is closing its stores after a buyer was unable to be found for the chain, with hundreds to lose their jobs.
Original URL: https://www.news.com.au/finance/business/breaking-news/page/6