CBA turns after record; IDP Education routed again
CBA eases after $182 intraday record. Austrac versus Star in court. Tyro sinks as search for new CEO starts. IDP Education rout continues. Lynas soars on broker upgrade.
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‘Nothing to be happy about’ after weak GDP data; CBA hits record
CBA hits high of $181.39. Slow economic growth undershoots forecasts. Mixi lifts PointsBet bid amid due diligence by rival suitor Betr. Star accused of breach of money laundering laws.
CBA hits record; wage rise ‘modest drag’ on inflation
RBA well placed to ‘respond decisively’ to international developments. Fair Work Commission grants above-inflation 3.5pc wage rise. NAB cuts economic forecasts. IDP Education dives 46 per cent.
Trump tariff uncertainty keeps investors on sidelines
The White House has appealed the US Court of International Trade’s rejection of US President Donald Trump’s ‘unbounded authority’ in imposing his Liberation Day tariffs. Australia is reviewing the decision.
Fed approval for Woodside’s North West Shelf expansion
Environment Minister Watt approves Woodside’s four-decade extension of WA project. Economists tip two more RBA rate cuts after April inflation print. MinRes downgrade weighs.
Fewer staff, more AI: Telstra unveils new strategy
The nation’s biggest telco has told investors artificial intelligence and digital infrastructure are key focuses for the next five years, with the business at an ‘inflection point’.
AMP super class action begins; REA receives ACCC notice
Market closes at three-month high. Murray Watt makes ‘right sounds’ before decision on Woodside’s $30bn NW Shelf expansion. AMP sued for alleged excessive fees.
‘Insert AI into every class’ to build skills
A top AI executive has called on the government to substantially increase its investment in artificial intelligence education to maximise the massive potential it offers.
WiseTech lifts on US buy; Trump order fires up uranium stocks
Investors back WiseTech’s $3bn e2open deal. No taxpayer bailout for Healthscope: Butler. Deep Yellow, Paladin, Boss top gainers on US president’s nuclear focus. AUD at six-month high as US dollar falls. Miss on earnings weighs on Elders.
Markets rebound; bitcoin hits new record
The ASX 200 index closes up 0.2 per cent at 8360.9 points after rising to 8380.6. Myer shares rise after sales dip. Judge lashes ACCC’s ‘appalling’ moves in supermarkets hearing. Bitcoin hits new high.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone