National securityTechnologySome of Australia’s biggest companies, including Commonwealth Bank, TPG and Optus are banning or snubbing China’s DeepSeek after intelligence agencies warned of an “unacceptable risk” to national security.
UPDATEDMarket dataHere is the latest company close update for Commonwealth Bank of Australia, CBA.
Sayee Shree Ravi Sankar
BanksFinancial ServicesThe banking major is still to announce a chief financial officer or human resources boss, as new CEO Anthony Miller makes his mark on the executive make-up.
CybersecurityFinancial ServicesCBA wants policymakers to include rules in the Scams Prevention Framework that require within 48 hours action by telcos, social media providers and banks, to disrupt scams.
Joyce Moullakis
newsNewsWireAustralia’s biggest bank says there may be some brief relief for those priced out of owning a home, but there could be a brutal side effect to cutting rates.
banksTechnologyCommonwealth Bank is introducing an AI agent for tens of thousands of business customers that will handle queries and provide ChatGPT-style responses.
Financial ServicesPropertyCommonwealth Bank is the first major bank to ease lending guidelines around prefabricated housing in a bid to lift supply.
MARGIN CALLMargin CallJon Adgemis probably has bigger things on his mind than the loss of his lifestyle trappings, but if you’re in the market for a luxury yacht then the Commonwealth Bank has a deal waiting for you.
UPDATEDBusiness Breaking NewsIn welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
Cameron Micallef and Jessica Wang UPDATEDBusiness Breaking NewsIn welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
Cameron Micallef and Jessica Wang Bank dealFinancial ServicesAfter two decades, the banking major calls time on one part of its ambitious Chinese expansion.
Trading DayTrading DayAustralian shares track US gains. Wesfarmers soars on upgrade. Goodman reverses intraday gain. Monadelphous, Synlait jump on updates but Kogan dives. Trump China comments lift stocks, $A. IGO creeps up despite hammer blow dealt to lithium plant.
Financial ServicesBusinessAustralian Foundation Investment Company boss Mark Freeman has cautioned on the outlook for equities and bank valuations.
Trading DayTrading DayThe ASX rises 0.3 per cent to a seven-week highs on positive US leads. Qantas shares soar on US peer gains. CBA, Goodman, NAB, Westpac, WiseTech top contributors. Paladin soars as operations improve. Iluka drops on estimates miss.
FINANCEBusiness Breaking NewsAs Australians deal with cost-of-living pressures, these unpopular fees are collectively setting families back hundreds of millions of dollars per year.
Cameron Micallef
Trading DayTrading DayEconomists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after ‘good finish’ to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
SMALL BUSINESSSmall BusinessBusiness owners struggling in an uncertain economy have been resorting to withholding their own salary or using personal savings to help prop up their ventures, a survey shows.
NewsNewsWireOne of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
Nathan Schmidt
Trading DayTrading DayNovember 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.
exclusiveFinancial ServicesSearches at ASIC and APRA have shown no record of CBA telling the regulators it was preparing to push customers to accounts requiring them to pay $3 to access cash at branches.