Consumer stocks down as big names Coles, Woolworths and Wesfarmers trade ex-dividend. More pain for iron ore prices weighs on mining heavyweights. Public demand tipped to drive second quarter GDP growth.
Bank and energy gains offset declines by iron ore and gold miners. REA falls on news it is considering a bid for Rightmove. The Star suspended from trading.
Adam Bandt is more like the Sheriff of Nottingham than Robin Hood with corporate profits.
Population, public spending, trade and the mining states are keeping the ailing economy afloat.
CBA boss Matt Comyn has lashed the Greens’ proposed $514bn ‘Robin Hood’ tax on major corporations as an exercise in ‘insidious populism’.
The cost of living and higher interest rates are hurting younger Australians more than most, the chief executives of Commonwealth Bank and Westpac have warned.
WATCH LIVE: Westpac CEO Peter King speaking during parliamentary Q&A. CBA boss vows to continue lending to gas projects. Ellison’s fortunes hit in MinRes dive. Qantas, South32 flag buybacks as profits fall. Cettire down on profit slump.
Westpac chief executive Peter King told a parliamentary committee that investment scams were ‘way too common’ with many people turning to social media platforms such as Facebook to get advice, an issue exacerbated by a big fall in financial advisers.
Older Australians are scammed more and lose more money than others, but new technology is delivering an extra defence layer.
Bank economist says he is seeking new challenges and opportunities after serving 16 years at CBA.
With $7.7bn of surplus capital above its regulatory minimum at the end of March, CBA seems able to extend its share buyback and also payout dividends around its 80 per cent maximum.
Michele Bullock has all but ruled out interest rate cuts in the next six months, so why do Commonwealth Bank and the money market still expect the RBA to cut before year end?
Next week the board at ‘dividend influencer’ CBA must make a call on the full year dividend – and it’s going to be a difficult decision.
Australia’s largest lender has put shareholders on notice over significant items in its upcoming results.
Tech, property sectors lead gains. CBA fades from record intraday high. Albemarle’s Kemerton expansion halt weighs on Monadelphous. Star dives as licence suitability laid bare. ACCC ex-chair knows why Rex failed. US futures soar on Meta. Apple, Amazon results due.
RBA unlikely to hike rates next week with core inflation heading south. CBA shares reach intraday record of $137.34. Rio Tinto lifts on first-half profit jump. Telix, Origin among losers. Asian buyer circles Rex.
CBA hits new record high. NIB’s long-time CEO Mark Fitzgibbon flags retirement amid battle with St Vincent’s Health. Rex halts trade as Deloitte experts fly in. Viva interim earnings rise amid ‘soft’ conditions.
JB Hi-Fi, the Commonwealth Bank and Wesfarmers are among several stocks to reach fresh records this month. See the list.
Australian investors switching out of newly crowned top stock Commonwealth Bank are getting better returns at Westpac and a rising Macquarie.
Commonwealth Bank and Coles are business as usual the morning after a global internet outage crippled the world’s airports, telcos and shopping centres.
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